FBNDX vs. VBMPX
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. VBMPX is managed by Vanguard. It was launched on Feb 5, 2010.
Performance
FBNDX vs. VBMPX - Performance Comparison
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FBNDX vs. VBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | -0.50% | 7.37% | 0.93% | 6.51% | -14.04% | -1.13% | 9.79% | 9.82% | -0.35% | 3.92% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | -0.49% | 7.18% | 1.27% | 5.75% | -13.14% | -1.95% | 7.75% | 8.74% | -0.24% | 3.58% |
Returns By Period
The year-to-date returns for both investments are quite close, with FBNDX having a -0.50% return and VBMPX slightly higher at -0.49%. Over the past 10 years, FBNDX has outperformed VBMPX with an annualized return of 2.21%, while VBMPX has yielded a comparatively lower 1.60% annualized return.
FBNDX
- 1D
- 0.56%
- 1M
- -2.30%
- YTD
- -0.50%
- 6M
- 0.36%
- 1Y
- 3.77%
- 3Y*
- 3.56%
- 5Y*
- 0.23%
- 10Y*
- 2.21%
VBMPX
- 1D
- 0.52%
- 1M
- -2.23%
- YTD
- -0.49%
- 6M
- 0.50%
- 1Y
- 3.78%
- 3Y*
- 3.46%
- 5Y*
- 0.25%
- 10Y*
- 1.60%
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FBNDX vs. VBMPX - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is higher than VBMPX's 0.03% expense ratio.
Return for Risk
FBNDX vs. VBMPX — Risk / Return Rank
FBNDX
VBMPX
FBNDX vs. VBMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FBNDX | VBMPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.00 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.45 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.79 | -0.06 |
Martin ratioReturn relative to average drawdown | 5.05 | 5.11 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBNDX | VBMPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.00 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.04 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.32 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.51 | +0.02 |
Correlation
The correlation between FBNDX and VBMPX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FBNDX vs. VBMPX - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.58%, less than VBMPX's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.58% | 3.87% | 3.34% | 3.56% | 1.98% | 1.34% | 4.70% | 2.75% | 2.86% | 2.18% | 2.72% | 2.66% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.63% | 3.88% | 3.69% | 3.11% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.58% | 2.55% | 2.85% |
Drawdowns
FBNDX vs. VBMPX - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -42.76%, which is greater than VBMPX's maximum drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for FBNDX and VBMPX.
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Drawdown Indicators
| FBNDX | VBMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -18.90% | -23.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.73% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -18.12% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -18.90% | +0.16% |
Current DrawdownCurrent decline from peak | -2.44% | -3.13% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -3.54% | -6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.96% | +0.03% |
Volatility
FBNDX vs. VBMPX - Volatility Comparison
Fidelity Investment Grade Bond Fund (FBNDX) has a higher volatility of 1.63% compared to Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) at 1.55%. This indicates that FBNDX's price experiences larger fluctuations and is considered to be riskier than VBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBNDX | VBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.55% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 2.59% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.63% | 4.37% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 5.99% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 4.97% | +0.03% |