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:
0.84
VCIT:
0.91
FBNDX:
1.24
VCIT:
1.31
FBNDX:
1.15
VCIT:
1.16
FBNDX:
0.39
VCIT:
0.45
FBNDX:
2.29
VCIT:
2.81
FBNDX:
2.09%
VCIT:
1.73%
FBNDX:
5.64%
VCIT:
5.37%
FBNDX:
-19.85%
VCIT:
-20.56%
FBNDX:
-6.91%
VCIT:
-4.84%
Returns By Period
In the year-to-date period, FBNDX achieves a 0.14% return, which is significantly lower than VCIT's 0.36% return. Over the past 10 years, FBNDX has underperformed VCIT with an annualized return of 1.79%, while VCIT has yielded a comparatively higher 2.54% annualized return.
FBNDX
0.14%
0.18%
1.77%
4.35%
0.24%
1.79%
VCIT
0.36%
0.33%
1.98%
4.62%
0.63%
2.54%
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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 5.28%, more than VCIT's 4.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 5.28% | 5.29% | 4.48% | 3.38% | 1.53% | 1.88% | 2.77% | 3.24% | 2.17% | 2.50% | 2.90% | 2.59% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.41% | 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 -19.85%, 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 1.69%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.86%. 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.