FGBTX vs. VBTIX
FGBTX (Fidelity Advisor Investment Grade Bond Fund Class M) and VBTIX (Vanguard Total Bond Market Index Fund Institutional Shares) are both Total Bond Market funds. Over the past 10 years, FGBTX returned 1.80%/yr vs 1.58%/yr for VBTIX. A 0.80 correlation means they provide meaningful diversification when combined. FGBTX charges 0.75%/yr vs 0.04%/yr for VBTIX.
Performance
FGBTX vs. VBTIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGBTX achieves a 0.35% return, which is significantly lower than VBTIX's 0.43% return. Over the past 10 years, FGBTX has outperformed VBTIX with an annualized return of 1.80%, while VBTIX has yielded a comparatively lower 1.58% annualized return.
FGBTX
- 1D
- 0.00%
- 1M
- 0.44%
- YTD
- 0.35%
- 6M
- 0.01%
- 1Y
- 4.96%
- 3Y*
- 3.73%
- 5Y*
- -0.14%
- 10Y*
- 1.80%
VBTIX
- 1D
- 0.00%
- 1M
- 0.55%
- YTD
- 0.43%
- 6M
- 0.35%
- 1Y
- 5.36%
- 3Y*
- 4.06%
- 5Y*
- 0.22%
- 10Y*
- 1.58%
FGBTX vs. VBTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGBTX Fidelity Advisor Investment Grade Bond Fund Class M | 0.35% | 6.91% | 0.70% | 5.86% | -14.25% | -1.38% | 9.71% | 9.34% | -0.67% | 3.55% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 0.43% | 7.18% | 1.27% | 5.75% | -13.15% | -1.95% | 7.75% | 8.74% | -0.24% | 3.56% |
Correlation
The correlation between FGBTX and VBTIX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 1995 | 0.80 |
The correlation between FGBTX and VBTIX shifts across timeframes, from 0.80 (all time) to 0.97 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FGBTX vs. VBTIX — Risk / Return Rank
FGBTX
VBTIX
FGBTX vs. VBTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class M (FGBTX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX). 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.
| FGBTX | VBTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.86 | -0.29 |
| Martin ratioReturn relative to average drawdown | 4.68 | 5.60 | -0.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FGBTX | VBTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 1.36 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.04 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.32 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.95 | -0.46 |
Drawdowns
FGBTX vs. VBTIX - Drawdown Comparison
The maximum FGBTX drawdown since its inception was -19.03%, roughly equal to the maximum VBTIX drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for FGBTX and VBTIX.
Loading charts...
Drawdown Indicators
| FGBTX | VBTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.03% | -18.90% | -0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -2.89% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -6.15% | -5.99% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | -18.13% | -0.75% |
Max Drawdown (10Y)Largest decline over 10 years | -19.03% | -18.90% | -0.13% |
Current DrawdownCurrent decline from peak | -3.29% | -2.25% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -2.32% | -2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.96% | +0.07% |
Volatility
FGBTX vs. VBTIX - Volatility Comparison
Fidelity Advisor Investment Grade Bond Fund Class M (FGBTX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) have volatilities of 1.33% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FGBTX | VBTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.38% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 2.80% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 3.97% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 6.02% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 4.98% | +0.01% |
FGBTX vs. VBTIX - Expense Ratio Comparison
FGBTX has a 0.75% expense ratio, which is higher than VBTIX's 0.04% expense ratio.
Dividends
FGBTX vs. VBTIX - Dividend Comparison
FGBTX's dividend yield for the trailing twelve months is around 3.61%, less than VBTIX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBTX Fidelity Advisor Investment Grade Bond Fund Class M | 3.61% | 3.59% | 3.10% | 2.98% | 1.73% | 1.09% | 4.50% | 2.45% | 2.53% | 1.83% | 2.33% | 2.33% |
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares | 3.99% | 3.88% | 3.69% | 3.12% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.56% | 2.54% | 2.84% |
Frequently Asked Questions
With a correlation of 0.95, FGBTX and VBTIX 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.
VBTIX has higher volatility (1.38%) compared to FGBTX (1.33%). In terms of maximum drawdown, FGBTX dropped -19.03% vs VBTIX's -18.90%.
VBTIX currently has the higher Sharpe Ratio (1.36 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.
Find the right allocation for FGBTX and VBTIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer