FBNDX vs. VCIT
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBNDX or VCIT.
Performance
FBNDX vs. VCIT - Performance Comparison
Returns By Period
In the year-to-date period, FBNDX achieves a 2.07% return, which is significantly lower than VCIT's 3.31% return. Over the past 10 years, FBNDX has underperformed VCIT with an annualized return of 1.64%, while VCIT has yielded a comparatively higher 2.77% annualized return.
FBNDX
2.07%
-0.79%
3.26%
6.67%
-0.09%
1.64%
VCIT
3.31%
-0.79%
4.25%
8.55%
0.94%
2.77%
Key characteristics
| FBNDX | VCIT | |
|---|---|---|
| Sharpe Ratio | 1.07 | 1.56 |
| Sortino Ratio | 1.60 | 2.32 |
| Omega Ratio | 1.19 | 1.27 |
| Calmar Ratio | 0.43 | 0.68 |
| Martin Ratio | 3.43 | 6.07 |
| Ulcer Index | 1.81% | 1.45% |
| Daily Std Dev | 5.80% | 5.63% |
| Max Drawdown | -20.16% | -20.56% |
| Current Drawdown | -9.57% | -5.08% |
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FBNDX vs. VCIT - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is higher than VCIT's 0.04% expense ratio.
Correlation
The correlation between FBNDX and VCIT is 0.82, 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.
Risk-Adjusted Performance
FBNDX vs. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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.
Dividends
FBNDX vs. VCIT - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.91%, less than VCIT's 4.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.91% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.30% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
Drawdowns
FBNDX vs. VCIT - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -20.16%, roughly equal to the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for FBNDX and VCIT. For additional features, visit the drawdowns tool.
Volatility
FBNDX vs. VCIT - Volatility Comparison
The current volatility for Fidelity Investment Grade Bond Fund (FBNDX) is 1.51%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.63%. This indicates that FBNDX experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.