FDHY vs. FBND
Compare and contrast key facts about Fidelity High Yield Factor ETF (FDHY) and Fidelity Total Bond ETF (FBND).
FDHY and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDHY is an actively managed fund by Fidelity. It was launched on Jun 12, 2018. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
FDHY vs. FBND - Performance Comparison
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FDHY vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FDHY Fidelity High Yield Factor ETF | 0.23% | 9.24% | 7.53% | 11.14% | -11.30% | 4.33% | 10.71% | 16.87% | -2.14% |
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | 1.15% |
Returns By Period
In the year-to-date period, FDHY achieves a 0.23% return, which is significantly higher than FBND's 0.12% return.
FDHY
- 1D
- 0.27%
- 1M
- -0.81%
- YTD
- 0.23%
- 6M
- 1.94%
- 1Y
- 8.03%
- 3Y*
- 7.90%
- 5Y*
- 3.86%
- 10Y*
- —
FBND
- 1D
- -0.02%
- 1M
- -1.32%
- YTD
- 0.12%
- 6M
- 0.77%
- 1Y
- 4.53%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.78%
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FDHY vs. FBND - Expense Ratio Comparison
FDHY has a 0.45% expense ratio, which is higher than FBND's 0.36% expense ratio.
Return for Risk
FDHY vs. FBND — Risk / Return Rank
FDHY
FBND
FDHY vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Yield Factor ETF (FDHY) and Fidelity Total Bond ETF (FBND). 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.
| FDHY | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.03 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.20 | 1.44 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.69 | +0.11 |
Martin ratioReturn relative to average drawdown | 9.97 | 5.25 | +4.72 |
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
| FDHY | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.03 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.17 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.44 | +0.25 |
Correlation
The correlation between FDHY and FBND is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FDHY vs. FBND - Dividend Comparison
FDHY's dividend yield for the trailing twelve months is around 6.58%, more than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDHY Fidelity High Yield Factor ETF | 6.58% | 6.56% | 6.58% | 6.26% | 5.34% | 6.09% | 5.78% | 4.94% | 2.55% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
FDHY vs. FBND - Drawdown Comparison
The maximum FDHY drawdown since its inception was -20.01%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FDHY and FBND.
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Drawdown Indicators
| FDHY | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.01% | -17.25% | -2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -2.79% | -1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -16.38% | -17.25% | +0.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -0.95% | -1.80% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -3.38% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.90% | -0.08% |
Volatility
FDHY vs. FBND - Volatility Comparison
Fidelity High Yield Factor ETF (FDHY) has a higher volatility of 1.90% compared to Fidelity Total Bond ETF (FBND) at 1.66%. This indicates that FDHY's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDHY | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 1.66% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 2.62% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 4.44% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.11% | 5.90% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.11% | 6.08% | +2.03% |