FDIF vs. FBND

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Disruptors ETF (FDIF) and Fidelity Total Bond ETF (FBND).

FDIF and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDIF is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.

Performance

FDIF vs. FBND - Performance Comparison

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

FDIF vs. FBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDIF Fidelity Disruptors ETF	-8.38%	13.83%	19.74%	6.49%
FBND Fidelity Total Bond ETF	0.14%	7.57%	2.13%	3.69%

Returns By Period

In the year-to-date period, FDIF achieves a -8.38% return, which is significantly lower than FBND's 0.14% return.

FDIF

• 1D: 4.27%
• 1M: -6.49%
• YTD: -8.38%
• 6M: -7.56%
• 1Y: 11.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBND

• 1D: 0.31%
• 1M: -1.78%
• YTD: 0.14%
• 6M: 1.01%
• 1Y: 4.73%
• 3Y*: 4.42%
• 5Y*: 1.01%
• 10Y*: 2.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDIF vs. FBND - Expense Ratio Comparison

FDIF has a 0.50% expense ratio, which is higher than FBND's 0.36% expense ratio.

FDIF

Fidelity Disruptors ETF

FBND

Fidelity Total Bond ETF

Return for Risk

FDIF vs. FBND — Risk / Return Rank

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

FDIF

FDIF Risk / Return Rank: 30
FDIF Sharpe Ratio Rank: 30
FDIF Sortino Ratio Rank: 32
FDIF Omega Ratio Rank: 30
FDIF Calmar Ratio Rank: 30
FDIF Martin Ratio Rank: 31

FBND

FBND Risk / Return Rank: 63
FBND Sharpe Ratio Rank: 64
FBND Sortino Ratio Rank: 62
FBND Omega Ratio Rank: 54
FBND Calmar Ratio Rank: 74
FBND Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDIF vs. FBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptors ETF (FDIF) 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.

	FDIF	FBND	Difference
Sharpe ratio Return per unit of total volatility	0.52	1.07	-0.55
Sortino ratio Return per unit of downside risk	0.89	1.50	-0.61
Omega ratio Gain probability vs. loss probability	1.12	1.19	-0.07
Calmar ratio Return relative to maximum drawdown	0.70	1.82	-1.13
Martin ratio Return relative to average drawdown	2.56	5.71	-3.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDIF vs. FBND - Sharpe Ratio Comparison

The current FDIF Sharpe Ratio is 0.52, which is lower than the FBND Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of FDIF 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.

Sharpe Ratios by Period

	FDIF	FBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	1.07	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.44	+0.14

Correlation

The correlation between FDIF and FBND is 0.23, 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

FDIF vs. FBND - Dividend Comparison

FDIF's dividend yield for the trailing twelve months is around 0.36%, less than FBND's 4.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIF Fidelity Disruptors ETF	0.36%	0.36%	0.35%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	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

FDIF vs. FBND - Drawdown Comparison

The maximum FDIF drawdown since its inception was -22.63%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FDIF and FBND.

Drawdown Indicators

	FDIF	FBND	Difference
Max Drawdown Largest peak-to-trough decline	-22.63%	-17.25%	-5.38%
Max Drawdown (1Y) Largest decline over 1 year	-14.80%	-2.79%	-12.01%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-17.25%	—
Current Drawdown Current decline from peak	-11.16%	-1.78%	-9.38%
Average Drawdown Average peak-to-trough decline	-3.94%	-3.38%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.03%	0.89%	+3.14%

Volatility

FDIF vs. FBND - Volatility Comparison

Fidelity Disruptors ETF (FDIF) has a higher volatility of 7.92% compared to Fidelity Total Bond ETF (FBND) at 1.66%. This indicates that FDIF'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.

Volatility by Period

	FDIF	FBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	1.66%	+6.26%
Volatility (6M) Calculated over the trailing 6-month period	13.45%	2.62%	+10.83%
Volatility (1Y) Calculated over the trailing 1-year period	21.56%	4.45%	+17.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.66%	5.90%	+12.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.66%	6.09%	+12.57%