FBNDX vs. VBMPX
FBNDX (Fidelity Investment Grade Bond Fund) and VBMPX (Vanguard Total Bond Market Index Fund Institutional Plus Shares) are both Total Bond Market funds. Over the past 10 years, FBNDX returned 2.09%/yr vs 1.56%/yr for VBMPX. Their correlation of 0.93 suggests significant overlap in exposure. FBNDX charges 0.45%/yr vs 0.03%/yr for VBMPX.
Performance
FBNDX vs. VBMPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FBNDX achieves a 0.06% return, which is significantly lower than VBMPX's 0.22% return. Over the past 10 years, FBNDX has outperformed VBMPX with an annualized return of 2.09%, while VBMPX has yielded a comparatively lower 1.56% annualized return.
FBNDX
- 1D
- -0.28%
- 1M
- 0.05%
- YTD
- 0.06%
- 6M
- 0.15%
- 1Y
- 4.25%
- 3Y*
- 3.98%
- 5Y*
- 0.04%
- 10Y*
- 2.09%
VBMPX
- 1D
- -0.21%
- 1M
- 0.14%
- YTD
- 0.22%
- 6M
- 0.35%
- 1Y
- 4.49%
- 3Y*
- 3.99%
- 5Y*
- 0.11%
- 10Y*
- 1.56%
FBNDX vs. VBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 0.06% | 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 | 0.22% | 7.18% | 1.27% | 5.75% | -13.14% | -1.95% | 7.75% | 8.74% | -0.24% | 3.58% |
Correlation
The correlation between FBNDX and VBMPX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2010 | 0.93 |
The correlation between FBNDX and VBMPX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.79 | -0.18 |
| Martin ratioReturn relative to average drawdown | 4.79 | 5.35 | -0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FBNDX | VBMPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.30 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.02 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.31 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.52 | +0.01 |
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.
Loading charts...
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 | -3.02% | -2.89% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.09% | -5.99% | -0.10% |
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 | -1.89% | -2.44% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -10.34% | -3.53% | -6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.96% | +0.05% |
Volatility
FBNDX vs. VBMPX - Volatility Comparison
Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) have volatilities of 1.36% and 1.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FBNDX | VBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.33% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.78% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 3.96% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 6.02% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 4.98% | +0.04% |
FBNDX vs. VBMPX - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is higher than VBMPX's 0.03% expense ratio.
Dividends
FBNDX vs. VBMPX - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.92%, less than VBMPX's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.92% | 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 | 4.01% | 3.88% | 3.69% | 3.11% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.58% | 2.55% | 2.85% |
Frequently Asked Questions
With a correlation of 0.96, FBNDX and VBMPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FBNDX has higher volatility (1.36%) compared to VBMPX (1.33%). In terms of maximum drawdown, FBNDX dropped -42.76% vs VBMPX's -18.90%.
VBMPX currently has the higher Sharpe Ratio (1.30 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FBNDX and VBMPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer