FBNDX vs. VUBFX
Compare and contrast key facts about Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX).
FBNDX is managed by Fidelity. It was launched on Aug 6, 1971. VUBFX is managed by Vanguard. It was launched on Feb 24, 2015.
Performance
FBNDX vs. VUBFX - Performance Comparison
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FBNDX vs. VUBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | -0.36% | 7.37% | 0.93% | 6.51% | -14.04% | -1.13% | 9.79% | 9.82% | -0.35% | 3.92% |
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 0.59% | 5.04% | 5.99% | 5.43% | -0.53% | 0.03% | 1.95% | 3.34% | 1.94% | 1.23% |
Returns By Period
In the year-to-date period, FBNDX achieves a -0.36% return, which is significantly lower than VUBFX's 0.59% return. Over the past 10 years, FBNDX has underperformed VUBFX with an annualized return of 2.22%, while VUBFX has yielded a comparatively higher 2.56% annualized return.
FBNDX
- 1D
- 0.14%
- 1M
- -1.76%
- YTD
- -0.36%
- 6M
- 0.36%
- 1Y
- 3.63%
- 3Y*
- 3.61%
- 5Y*
- 0.18%
- 10Y*
- 2.22%
VUBFX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.59%
- 6M
- 1.62%
- 1Y
- 4.31%
- 3Y*
- 5.24%
- 5Y*
- 3.26%
- 10Y*
- 2.56%
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FBNDX vs. VUBFX - Expense Ratio Comparison
FBNDX has a 0.45% expense ratio, which is higher than VUBFX's 0.20% expense ratio.
Return for Risk
FBNDX vs. VUBFX — Risk / Return Rank
FBNDX
VUBFX
FBNDX vs. VUBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond Fund (FBNDX) and Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX). 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 | VUBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 5.18 | -4.32 |
Sortino ratioReturn per unit of downside risk | 1.24 | 10.17 | -8.93 |
Omega ratioGain probability vs. loss probability | 1.15 | 3.60 | -2.45 |
Calmar ratioReturn relative to maximum drawdown | 1.58 | 14.46 | -12.89 |
Martin ratioReturn relative to average drawdown | 4.56 | 65.22 | -60.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBNDX | VUBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 5.18 | -4.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 3.34 | -3.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 3.07 | -2.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 3.06 | -2.53 |
Correlation
The correlation between FBNDX and VUBFX is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FBNDX vs. VUBFX - Dividend Comparison
FBNDX's dividend yield for the trailing twelve months is around 3.58%, less than VUBFX's 4.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.58% | 3.87% | 3.34% | 3.56% | 1.98% | 1.34% | 4.70% | 2.75% | 2.86% | 2.18% | 2.72% | 2.66% |
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 4.12% | 4.62% | 5.42% | 4.06% | 1.28% | 0.43% | 1.52% | 2.58% | 2.13% | 1.43% | 0.98% | 0.00% |
Drawdowns
FBNDX vs. VUBFX - Drawdown Comparison
The maximum FBNDX drawdown since its inception was -42.76%, which is greater than VUBFX's maximum drawdown of -1.86%. Use the drawdown chart below to compare losses from any high point for FBNDX and VUBFX.
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Drawdown Indicators
| FBNDX | VUBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -1.86% | -40.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -0.30% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -1.86% | -16.88% |
Max Drawdown (10Y)Largest decline over 10 years | -18.74% | -1.86% | -16.88% |
Current DrawdownCurrent decline from peak | -2.31% | -0.10% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -0.17% | -10.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.07% | +0.93% |
Volatility
FBNDX vs. VUBFX - Volatility Comparison
Fidelity Investment Grade Bond Fund (FBNDX) has a higher volatility of 1.62% compared to Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) at 0.34%. This indicates that FBNDX's price experiences larger fluctuations and is considered to be riskier than VUBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBNDX | VUBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 0.34% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 0.55% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.62% | 0.84% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 0.98% | +5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 0.84% | +4.16% |