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FDHY vs. FBND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FDHY and FBND is 0.16, 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.


-0.50.00.51.0
Correlation: 0.2

Performance

FDHY vs. FBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity High Yield Factor ETF (FDHY) and Fidelity Total Bond ETF (FBND). The values are adjusted to include any dividend payments, if applicable.

10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
42.05%
18.33%
FDHY
FBND

Key characteristics

Sharpe Ratio

FDHY:

1.33

FBND:

1.34

Sortino Ratio

FDHY:

1.91

FBND:

1.96

Omega Ratio

FDHY:

1.27

FBND:

1.23

Calmar Ratio

FDHY:

1.40

FBND:

0.71

Martin Ratio

FDHY:

7.24

FBND:

3.88

Ulcer Index

FDHY:

1.02%

FBND:

1.88%

Daily Std Dev

FDHY:

5.56%

FBND:

5.42%

Max Drawdown

FDHY:

-20.01%

FBND:

-17.25%

Current Drawdown

FDHY:

-1.39%

FBND:

-3.18%

Returns By Period

In the year-to-date period, FDHY achieves a 0.92% return, which is significantly lower than FBND's 2.49% return.


FDHY

YTD

0.92%

1M

-0.25%

6M

1.51%

1Y

7.40%

5Y*

5.74%

10Y*

N/A

FBND

YTD

2.49%

1M

0.49%

6M

1.80%

1Y

7.62%

5Y*

0.71%

10Y*

2.21%

*Annualized

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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.


Expense ratio chart for FDHY: current value is 0.45%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FDHY: 0.45%
Expense ratio chart for FBND: current value is 0.36%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FBND: 0.36%

Risk-Adjusted Performance

FDHY vs. FBND — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDHY
The Risk-Adjusted Performance Rank of FDHY is 8888
Overall Rank
The Sharpe Ratio Rank of FDHY is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of FDHY is 8787
Sortino Ratio Rank
The Omega Ratio Rank of FDHY is 8888
Omega Ratio Rank
The Calmar Ratio Rank of FDHY is 8888
Calmar Ratio Rank
The Martin Ratio Rank of FDHY is 9090
Martin Ratio Rank

FBND
The Risk-Adjusted Performance Rank of FBND is 8383
Overall Rank
The Sharpe Ratio Rank of FBND is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of FBND is 8888
Sortino Ratio Rank
The Omega Ratio Rank of FBND is 8585
Omega Ratio Rank
The Calmar Ratio Rank of FBND is 7575
Calmar Ratio Rank
The Martin Ratio Rank of FBND is 7979
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FDHY vs. FBND - Risk-Adjusted Performance 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.


The chart of Sharpe ratio for FDHY, currently valued at 1.33, compared to the broader market-1.000.001.002.003.004.00
FDHY: 1.33
FBND: 1.34
The chart of Sortino ratio for FDHY, currently valued at 1.91, compared to the broader market-2.000.002.004.006.008.00
FDHY: 1.91
FBND: 1.96
The chart of Omega ratio for FDHY, currently valued at 1.27, compared to the broader market0.501.001.502.002.50
FDHY: 1.27
FBND: 1.23
The chart of Calmar ratio for FDHY, currently valued at 1.40, compared to the broader market0.002.004.006.008.0010.0012.00
FDHY: 1.40
FBND: 0.71
The chart of Martin ratio for FDHY, currently valued at 7.24, compared to the broader market0.0020.0040.0060.00
FDHY: 7.24
FBND: 3.88

The current FDHY Sharpe Ratio is 1.33, which is comparable to the FBND Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of FDHY and FBND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50NovemberDecember2025FebruaryMarchApril
1.33
1.34
FDHY
FBND

Dividends

FDHY vs. FBND - Dividend Comparison

FDHY's dividend yield for the trailing twelve months is around 6.12%, more than FBND's 4.22% yield.


TTM20242023202220212020201920182017201620152014
FDHY
Fidelity High Yield Factor ETF
6.12%6.58%6.26%5.34%6.09%5.78%4.94%3.07%0.00%0.00%0.00%0.00%
FBND
Fidelity Total Bond ETF
4.22%4.73%4.26%3.07%1.86%4.25%2.90%2.93%2.56%2.84%3.26%0.66%

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. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%NovemberDecember2025FebruaryMarchApril
-1.39%
-3.18%
FDHY
FBND

Volatility

FDHY vs. FBND - Volatility Comparison

Fidelity High Yield Factor ETF (FDHY) has a higher volatility of 3.95% compared to Fidelity Total Bond ETF (FBND) at 2.33%. 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.


0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%NovemberDecember2025FebruaryMarchApril
3.95%
2.33%
FDHY
FBND