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.
Key characteristics
| FBNDX | VCIT | |
|---|---|---|
| YTD Return | -0.46% | -0.23% |
| 1Y Return | 2.60% | 5.13% |
| 3Y Return (Ann) | -2.38% | -1.94% |
| 5Y Return (Ann) | 0.96% | 1.51% |
| 10Y Return (Ann) | 1.82% | 2.56% |
| Sharpe Ratio | 0.48 | 0.68 |
| Daily Std Dev | 6.56% | 6.91% |
| Max Drawdown | -18.20% | -20.56% |
| Current Drawdown | -9.65% | -8.34% |
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.
Performance
FBNDX vs. VCIT - Performance Comparison
In the year-to-date period, FBNDX achieves a -0.46% return, which is significantly lower than VCIT's -0.23% return. Over the past 10 years, FBNDX has underperformed VCIT with an annualized return of 1.82%, while VCIT has yielded a comparatively higher 2.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 3.79%, less than VCIT's 4.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.79% | 3.56% | 2.66% | 1.59% | 4.80% | 2.75% | 2.85% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.04% | 3.72% | 3.03% | 2.87% | 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 -18.20%, smaller than 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 1.29%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.46%. 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.