Correlation
The correlation between FHPFX and BND is 0.07, 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.
FHPFX vs. BND
Compare and contrast key facts about Fidelity Series Investment Grade Securitized Fund (FHPFX) and Vanguard Total Bond Market ETF (BND).
FHPFX is managed by Fidelity. It was launched on Aug 17, 2018. 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: FHPFX or BND.
Performance
FHPFX vs. BND - Performance Comparison
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Key characteristics
FHPFX:
1.12
BND:
1.10
FHPFX:
1.50
BND:
1.60
FHPFX:
1.18
BND:
1.19
FHPFX:
0.65
BND:
0.47
FHPFX:
2.70
BND:
2.79
FHPFX:
2.21%
BND:
2.11%
FHPFX:
5.87%
BND:
5.32%
FHPFX:
-17.42%
BND:
-18.84%
FHPFX:
-4.03%
BND:
-7.09%
Returns By Period
In the year-to-date period, FHPFX achieves a 2.25% return, which is significantly lower than BND's 2.49% return.
FHPFX
2.25%
-1.23%
0.94%
6.59%
1.56%
-0.55%
N/A
BND
2.49%
-0.67%
0.77%
5.82%
1.52%
-1.00%
1.54%
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FHPFX vs. BND - Expense Ratio Comparison
FHPFX has a 0.00% expense ratio, which is lower than BND's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FHPFX vs. BND — Risk-Adjusted Performance Rank
FHPFX
BND
FHPFX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Investment Grade Securitized Fund (FHPFX) 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
FHPFX vs. BND - Dividend Comparison
FHPFX's dividend yield for the trailing twelve months is around 4.58%, more than BND's 3.74% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHPFX Fidelity Series Investment Grade Securitized Fund | 4.58% | 4.53% | 3.87% | 2.29% | 0.85% | 3.59% | 3.83% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FHPFX vs. BND - Drawdown Comparison
The maximum FHPFX drawdown since its inception was -17.42%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FHPFX and BND.
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Volatility
FHPFX vs. BND - Volatility Comparison
Fidelity Series Investment Grade Securitized Fund (FHPFX) has a higher volatility of 1.64% compared to Vanguard Total Bond Market ETF (BND) at 1.52%. This indicates that FHPFX'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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