FDVLX vs. BND
FDVLX (Fidelity Value Fund) and BND (Vanguard Total Bond Market ETF) are both funds - FDVLX is a Mid Cap Value Equities fund managed by Fidelity, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, FDVLX returned 14.40%/yr vs 1.38%/yr for BND. Their -0.14 correlation means they have often moved in opposite directions in the past. FDVLX charges 0.79%/yr vs 0.03%/yr for BND.
Performance
FDVLX vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, FDVLX achieves a 25.25% return, which is significantly higher than BND's -0.28% return. Over the past 10 years, FDVLX has outperformed BND with an annualized return of 14.40%, while BND has yielded a comparatively lower 1.38% annualized return.
FDVLX
- 1D
- -0.86%
- 1M
- 2.74%
- 6M
- 17.18%
- YTD
- 25.25%
- 1Y
- 36.12%
- 3Y*
- 24.41%
- 5Y*
- 16.19%
- 10Y*
- 14.40%
- ALL TIME*
- 11.47%
BND
- 1D
- 0.06%
- 1M
- -1.02%
- 6M
- -0.53%
- YTD
- -0.28%
- 1Y
- 2.92%
- 3Y*
- 3.79%
- 5Y*
- -0.37%
- 10Y*
- 1.38%
- ALL TIME*
- 3.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $447.57M | $557.69M | $594.86M | |
FDVLX Fidelity Value Fund | $0.00 | $0.00 | $0.00 |
FDVLX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDVLX Fidelity Value Fund | 25.25% | 11.32% | 30.11% | 19.57% | -9.07% | 35.30% | 9.33% | 31.68% | -17.58% | 14.11% |
BND Vanguard Total Bond Market ETF | -0.28% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between FDVLX and BND is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.14 |
The correlation between FDVLX and BND shifts across timeframes, from -0.14 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FDVLX vs. BND — Risk / Return Rank
FDVLX
BND
FDVLX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Value Fund (FDVLX) and Vanguard Total Bond Market ETF (BND). 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.
| FDVLX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.14 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 1.10 | +2.40 |
| Martin ratioReturn relative to average drawdown | 13.35 | 2.77 | +10.58 |
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Drawdowns
FDVLX vs. BND - Drawdown Comparison
The maximum FDVLX drawdown since its inception was -66.91%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FDVLX and BND.
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Drawdown Indicators
| FDVLX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.91% | -18.58% | -48.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.90% | -2.68% | -7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -31.45% | -4.81% | -26.64% |
Max Drawdown (5Y)Largest decline over 5 years | -31.45% | -17.91% | -13.54% |
Max Drawdown (10Y)Largest decline over 10 years | -48.66% | -18.58% | -30.08% |
Current DrawdownCurrent decline from peak | -0.86% | -2.90% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -9.00% | -3.06% | -5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 1.06% | +1.56% |
Volatility
FDVLX vs. BND - Volatility Comparison
Fidelity Value Fund (FDVLX) has a higher volatility of 3.27% compared to Vanguard Total Bond Market ETF (BND) at 0.96%. This indicates that FDVLX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDVLX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 0.96% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 2.88% | +8.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 3.70% | +12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.49% | 6.03% | +20.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.14% | 5.53% | +19.61% |
FDVLX vs. BND - Expense Ratio Comparison
FDVLX has a 0.79% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
FDVLX vs. BND - Dividend Comparison
FDVLX's dividend yield for the trailing twelve months is around 8.02%, more than BND's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 4.01% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
FDVLX Fidelity Value Fund | 8.02% | 10.05% | 33.05% | 3.71% | 7.08% | 9.79% | 0.98% | 3.34% | 16.25% | 3.38% | 1.26% | 10.97% |
Frequently Asked Questions
FDVLX and BND have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDVLX has higher volatility (3.27%) compared to BND (0.96%). In terms of maximum drawdown, FDVLX dropped -66.91% vs BND's -18.58%.
FDVLX currently has the higher Sharpe Ratio (2.14 vs 0.79), 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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