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.
Correlation
The correlation between FBNDX and VCIT is 0.83, 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.
Performance
FBNDX vs. VCIT - Performance Comparison
Key characteristics
FBNDX:
0.82
VCIT:
1.20
FBNDX:
1.22
VCIT:
1.75
FBNDX:
1.15
VCIT:
1.21
FBNDX:
0.31
VCIT:
0.57
FBNDX:
2.02
VCIT:
3.64
FBNDX:
2.18%
VCIT:
1.71%
FBNDX:
5.38%
VCIT:
5.19%
FBNDX:
-20.16%
VCIT:
-20.56%
FBNDX:
-8.81%
VCIT:
-3.70%
Returns By Period
In the year-to-date period, FBNDX achieves a 0.99% return, which is significantly lower than VCIT's 1.56% return. Over the past 10 years, FBNDX has underperformed VCIT with an annualized return of 1.55%, while VCIT has yielded a comparatively higher 2.63% annualized return.
FBNDX
0.99%
0.99%
-1.24%
4.71%
-0.45%
1.55%
VCIT
1.56%
1.49%
-0.11%
6.43%
0.59%
2.63%
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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.
Risk-Adjusted Performance
FBNDX vs. VCIT — Risk-Adjusted Performance Rank
FBNDX
VCIT
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 3.62%, less than VCIT's 4.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.62% | 3.99% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.42% | 4.43% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% |
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
Fidelity Investment Grade Bond Fund (FBNDX) has a higher volatility of 1.43% compared to Vanguard Intermediate-Term Corporate Bond ETF (VCIT) at 1.30%. This indicates that FBNDX's price experiences larger fluctuations and is considered to be riskier than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.