Correlation
The correlation between FGBFX and BND is 0.01, 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.
FGBFX vs. BND
Compare and contrast key facts about Fidelity Global Credit Fund (FGBFX) and Vanguard Total Bond Market ETF (BND).
FGBFX is managed by Fidelity. It was launched on May 22, 2012. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGBFX or BND.
Performance
FGBFX vs. BND - Performance Comparison
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Key characteristics
FGBFX:
2.13
BND:
1.10
FGBFX:
3.06
BND:
1.60
FGBFX:
1.37
BND:
1.19
FGBFX:
0.66
BND:
0.47
FGBFX:
8.87
BND:
2.79
FGBFX:
1.07%
BND:
2.11%
FGBFX:
4.57%
BND:
5.32%
FGBFX:
-25.49%
BND:
-18.84%
FGBFX:
-5.87%
BND:
-7.09%
Returns By Period
In the year-to-date period, FGBFX achieves a 2.74% return, which is significantly higher than BND's 2.49% return. Over the past 10 years, FGBFX has outperformed BND with an annualized return of 2.24%, while BND has yielded a comparatively lower 1.54% annualized return.
FGBFX
2.74%
-0.12%
1.53%
9.65%
3.00%
0.47%
2.24%
BND
2.49%
-0.67%
0.77%
5.82%
1.52%
-1.00%
1.54%
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FGBFX vs. BND - Expense Ratio Comparison
FGBFX has a 0.70% expense ratio, which is higher than BND's 0.03% expense ratio.
Risk-Adjusted Performance
FGBFX vs. BND — Risk-Adjusted Performance Rank
FGBFX
BND
FGBFX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Credit Fund (FGBFX) 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.
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Dividends
FGBFX vs. BND - Dividend Comparison
FGBFX's dividend yield for the trailing twelve months is around 4.08%, more than BND's 3.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBFX Fidelity Global Credit Fund | 4.08% | 3.68% | 3.69% | 6.53% | 2.53% | 3.69% | 3.64% | 2.67% | 1.98% | 3.53% | 3.14% | 2.29% |
BND Vanguard Total Bond Market ETF | 3.74% | 3.67% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% |
Drawdowns
FGBFX vs. BND - Drawdown Comparison
The maximum FGBFX drawdown since its inception was -25.49%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FGBFX and BND.
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Volatility
FGBFX vs. BND - Volatility Comparison
The current volatility for Fidelity Global Credit Fund (FGBFX) is 1.26%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.52%. This indicates that FGBFX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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