FDRR vs. FBND
FDRR (Fidelity Dividend ETF for Rising Rates) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - FDRR is a Large Cap Blend Equities fund tracking the Fidelity Dividend Index for Rising Rates, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. FDRR is passively managed, while FBND is actively managed. Over the past 5 years, FDRR returned 12.13%/yr vs 0.79%/yr for FBND. At a 0.12 correlation, their price movements are largely independent. FDRR charges 0.15%/yr vs 0.36%/yr for FBND.
Performance
FDRR vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, FDRR achieves a 7.87% return, which is significantly higher than FBND's 0.72% return.
FDRR
- 1D
- -0.04%
- 1M
- -0.38%
- YTD
- 7.87%
- 6M
- 7.46%
- 1Y
- 26.53%
- 3Y*
- 20.07%
- 5Y*
- 12.13%
- 10Y*
- —
FBND
- 1D
- 0.11%
- 1M
- 0.69%
- YTD
- 0.72%
- 6M
- 0.80%
- 1Y
- 4.71%
- 3Y*
- 4.73%
- 5Y*
- 0.79%
- 10Y*
- 2.54%
FDRR vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDRR Fidelity Dividend ETF for Rising Rates | 7.87% | 21.70% | 20.24% | 13.66% | -9.73% | 26.06% | 8.23% | 26.86% | -3.60% | 19.29% |
FBND Fidelity Total Bond ETF | 0.72% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between FDRR and FBND is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2016 | 0.12 |
Over the past year, FDRR and FBND have become more correlated (0.34) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
FDRR vs. FBND — Risk / Return Rank
FDRR
FBND
FDRR vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FDRR | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.21 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 1.77 | +1.36 |
| Martin ratioReturn relative to average drawdown | 12.81 | 5.07 | +7.73 |
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Drawdowns
FDRR vs. FBND - Drawdown Comparison
The maximum FDRR drawdown since its inception was -36.52%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FDRR and FBND.
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Drawdown Indicators
| FDRR | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -17.25% | -19.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.52% | -2.66% | -5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -5.94% | -12.10% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | -17.25% | -3.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -3.08% | -1.21% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -3.34% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 0.93% | +1.15% |
Volatility
FDRR vs. FBND - Volatility Comparison
Fidelity Dividend ETF for Rising Rates (FDRR) has a higher volatility of 3.79% compared to Fidelity Total Bond ETF (FBND) at 1.13%. This indicates that FDRR'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
| FDRR | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 1.13% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.68% | 2.84% | +5.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 3.83% | +7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 5.93% | +9.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 6.10% | +10.76% |
FDRR vs. FBND - Expense Ratio Comparison
FDRR has a 0.15% expense ratio, which is lower than FBND's 0.36% expense ratio.
Dividends
FDRR vs. FBND - Dividend Comparison
FDRR's dividend yield for the trailing twelve months is around 2.16%, less than FBND's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.69% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.16% | 2.21% | 2.61% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% | 0.00% |
Frequently Asked Questions
FDRR and FBND have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDRR has higher volatility (3.79%) compared to FBND (1.13%). In terms of maximum drawdown, FDRR dropped -36.52% vs FBND's -17.25%.
On 5-year performance, FDRR leads with 12.13% vs 0.79% for FBND. On fees, FDRR is cheaper at 0.15% per year. On volatility, FBND has been the lower-risk option at 1.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FDRR has performed better with a 12.13% return vs 0.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDRR is cheaper with a 0.15% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.69%, compared with 2.16% for FDRR.
FDRR is categorized as Large Cap Blend Equities, while FBND is Intermediate Core-Plus Bond. Their fees differ too: 0.15% for FDRR and 0.36% for FBND.
FDRR currently has the higher Sharpe Ratio (2.37 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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