FHPFX vs. BND
FHPFX (Fidelity Series Investment Grade Securitized Fund) and BND (Vanguard Total Bond Market ETF) are both Total Bond Market funds. Over the past 5 years, FHPFX returned 0.30%/yr vs -0.42%/yr for BND. Their correlation of 0.88 means they have usually moved in the same direction. FHPFX charges 0.00%/yr vs 0.03%/yr for BND.
Performance
FHPFX vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, FHPFX achieves a 0.18% return, which is significantly higher than BND's -0.54% return.
FHPFX
- 1D
- 0.00%
- 1M
- -1.00%
- 6M
- -0.38%
- YTD
- 0.18%
- 1Y
- 3.69%
- 3Y*
- 4.59%
- 5Y*
- 0.30%
- 10Y*
- —
- ALL TIME*
- 1.78%
BND
- 1D
- -0.26%
- 1M
- -1.20%
- 6M
- -0.75%
- YTD
- -0.54%
- 1Y
- 1.75%
- 3Y*
- 3.92%
- 5Y*
- -0.42%
- 10Y*
- 1.36%
- ALL TIME*
- 2.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $451.00M | $507.49M | $592.68M | |
| $0.00 | $0.00 | $0.00 |
FHPFX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHPFX Fidelity Series Investment Grade Securitized Fund | 0.18% | 8.76% | 1.81% | 5.29% | -12.28% | -1.06% | 4.84% | 6.69% | 1.41% |
BND Vanguard Total Bond Market ETF | -0.54% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | 1.11% |
Correlation
The correlation between FHPFX and BND is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2018 | 0.88 |
The correlation between FHPFX and BND has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
FHPFX vs. BND — Risk / Return Rank
FHPFX
BND
FHPFX vs. BND - Risk-Adjusted Trends 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.
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.
| FHPFX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.12 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 0.99 | +0.94 |
| Martin ratioReturn relative to average drawdown | 5.26 | 2.48 | +2.78 |
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Drawdowns
FHPFX vs. BND - Drawdown Comparison
The maximum FHPFX drawdown since its inception was -17.93%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FHPFX and BND.
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Drawdown Indicators
| FHPFX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -18.58% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -2.68% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -6.50% | -4.81% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.79% | -17.91% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.90% | -3.15% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -3.06% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.07% | -0.11% |
Volatility
FHPFX vs. BND - Volatility Comparison
Fidelity Series Investment Grade Securitized Fund (FHPFX) has a higher volatility of 1.14% compared to Vanguard Total Bond Market ETF (BND) at 0.98%. 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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Volatility by Period
| FHPFX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 0.98% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 2.90% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 3.70% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.71% | 6.03% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.62% | 5.53% | +0.09% |
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%.
Dividends
FHPFX vs. BND - Dividend Comparison
FHPFX's dividend yield for the trailing twelve months is around 4.14%, more than BND's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.69% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
FHPFX Fidelity Series Investment Grade Securitized Fund | 4.14% | 4.41% | 4.54% | 3.53% | 1.70% | 0.58% | 3.20% | 3.81% | 1.16% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FHPFX and BND have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FHPFX has higher volatility (1.14%) compared to BND (0.98%). In terms of maximum drawdown, FHPFX dropped -17.93% vs BND's -18.58%.
FHPFX currently has the higher Sharpe Ratio (1.27 vs 0.72), 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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