FEPIX vs. BND
FEPIX (Fidelity Total Bond Fund) and BND (Vanguard Total Bond Market ETF) are both Total Bond Market funds. Over the past 10 years, FEPIX returned 2.34%/yr vs 1.55%/yr for BND. Their correlation of 0.86 suggests significant overlap in exposure. FEPIX charges 0.50%/yr vs 0.03%/yr for BND.
Performance
FEPIX vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, FEPIX achieves a 0.55% return, which is significantly higher than BND's 0.38% return. Over the past 10 years, FEPIX has outperformed BND with an annualized return of 2.34%, while BND has yielded a comparatively lower 1.55% annualized return.
FEPIX
- 1D
- 0.21%
- 1M
- 0.99%
- YTD
- 0.55%
- 6M
- 0.89%
- 1Y
- 5.14%
- 3Y*
- 4.49%
- 5Y*
- 0.38%
- 10Y*
- 2.34%
BND
- 1D
- -0.27%
- 1M
- 0.53%
- YTD
- 0.38%
- 6M
- 0.45%
- 1Y
- 4.37%
- 3Y*
- 3.92%
- 5Y*
- 0.04%
- 10Y*
- 1.55%
FEPIX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEPIX Fidelity Total Bond Fund | 0.55% | 7.45% | 1.71% | 6.79% | -13.55% | -0.46% | 9.29% | 9.83% | -0.82% | 4.24% |
BND Vanguard Total Bond Market ETF | 0.38% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between FEPIX and BND is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | 0.86 |
The correlation between FEPIX and BND has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
FEPIX vs. BND — Risk / Return Rank
FEPIX
BND
FEPIX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond Fund (FEPIX) 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.
| FEPIX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.64 | +0.14 |
| Martin ratioReturn relative to average drawdown | 5.01 | 4.69 | +0.33 |
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Drawdowns
FEPIX vs. BND - Drawdown Comparison
The maximum FEPIX drawdown since its inception was -18.40%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FEPIX and BND.
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Drawdown Indicators
| FEPIX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -18.58% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.68% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | -5.92% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -17.91% | -0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | -18.58% | +0.18% |
Current DrawdownCurrent decline from peak | -1.32% | -2.26% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -3.06% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.93% | +0.10% |
Volatility
FEPIX vs. BND - Volatility Comparison
Fidelity Total Bond Fund (FEPIX) has a higher volatility of 1.16% compared to Vanguard Total Bond Market ETF (BND) at 1.08%. This indicates that FEPIX'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
| FEPIX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.08% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 2.77% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 3.74% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 6.03% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 5.54% | -0.81% |
FEPIX vs. BND - Expense Ratio Comparison
FEPIX has a 0.50% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
FEPIX vs. BND - Dividend Comparison
FEPIX's dividend yield for the trailing twelve months is around 4.30%, more than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
FEPIX Fidelity Total Bond Fund | 4.30% | 4.31% | 3.74% | 3.74% | 2.49% | 1.87% | 5.17% | 2.97% | 3.14% | 2.92% | 3.55% | 3.25% |
Frequently Asked Questions
With a correlation of 0.91, FEPIX and BND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FEPIX has higher volatility (1.16%) compared to BND (1.08%). In terms of maximum drawdown, FEPIX dropped -18.40% vs BND's -18.58%.
FEPIX currently has the higher Sharpe Ratio (1.33 vs 1.18), 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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