FIBUX vs. BKAG

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Flex U.S. Bond Index Fund (FIBUX) and BNY Mellon Core Bond ETF (BKAG).

FIBUX is managed by Fidelity. It was launched on Mar 9, 2017. BKAG is a passively managed fund by BNY Mellon that tracks the performance of the Bloomberg US Aggregate Total Return Index. It was launched on Apr 24, 2020.

Performance

FIBUX vs. BKAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Flex U.S. Bond Index Fund (FIBUX) and BNY Mellon Core Bond ETF (BKAG). The values are adjusted to include any dividend payments, if applicable.

FIBUX vs. BKAG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FIBUX Fidelity Flex U.S. Bond Index Fund	-0.24%	7.20%	1.31%	5.46%	-13.41%	-2.16%	1.71%
BKAG BNY Mellon Core Bond ETF	0.16%	7.23%	1.17%	5.67%	-13.29%	-1.46%	2.15%

Returns By Period

In the year-to-date period, FIBUX achieves a -0.24% return, which is significantly lower than BKAG's 0.16% return.

FIBUX

• 1D: 0.22%
• 1M: -1.61%
• YTD: -0.24%
• 6M: 0.51%
• 1Y: 3.75%
• 3Y*: 3.51%
• 5Y*: 0.05%
• 10Y*: —

BKAG

• 1D: -0.06%
• 1M: -1.30%
• YTD: 0.16%
• 6M: 0.86%
• 1Y: 4.03%
• 3Y*: 3.59%
• 5Y*: 0.21%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIBUX vs. BKAG - Expense Ratio Comparison

FIBUX has a 0.00% expense ratio, which is lower than BKAG's 0.00% 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%.

FIBUX

Fidelity Flex U.S. Bond Index Fund

BKAG

BNY Mellon Core Bond ETF

Return for Risk

FIBUX vs. BKAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIBUX

FIBUX Risk / Return Rank: 47
FIBUX Sharpe Ratio Rank: 42
FIBUX Sortino Ratio Rank: 39
FIBUX Omega Ratio Rank: 29
FIBUX Calmar Ratio Rank: 76
FIBUX Martin Ratio Rank: 52

BKAG

BKAG Risk / Return Rank: 50
BKAG Sharpe Ratio Rank: 49
BKAG Sortino Ratio Rank: 45
BKAG Omega Ratio Rank: 39
BKAG Calmar Ratio Rank: 66
BKAG Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIBUX vs. BKAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex U.S. Bond Index Fund (FIBUX) and BNY Mellon Core Bond ETF (BKAG). 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.

	FIBUX	BKAG	Difference
Sharpe ratio Return per unit of total volatility	0.91	0.93	-0.02
Sortino ratio Return per unit of downside risk	1.30	1.30	0.00
Omega ratio Gain probability vs. loss probability	1.16	1.16	0.00
Calmar ratio Return relative to maximum drawdown	1.84	1.74	+0.10
Martin ratio Return relative to average drawdown	5.19	4.87	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIBUX vs. BKAG - Sharpe Ratio Comparison

The current FIBUX Sharpe Ratio is 0.91, which is comparable to the BKAG Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of FIBUX and BKAG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIBUX	BKAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	0.93	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.04	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.01	+0.33

Correlation

The correlation between FIBUX and BKAG is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FIBUX vs. BKAG - Dividend Comparison

FIBUX's dividend yield for the trailing twelve months is around 3.69%, less than BKAG's 4.27% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIBUX Fidelity Flex U.S. Bond Index Fund	3.69%	3.95%	3.65%	2.93%	1.62%	1.18%	2.32%	2.96%	2.70%	2.45%
BKAG BNY Mellon Core Bond ETF	4.27%	4.17%	4.26%	3.33%	2.49%	1.55%	1.16%	0.00%	0.00%	0.00%

Drawdowns

FIBUX vs. BKAG - Drawdown Comparison

The maximum FIBUX drawdown since its inception was -19.76%, which is greater than BKAG's maximum drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for FIBUX and BKAG.

Drawdown Indicators

	FIBUX	BKAG	Difference
Max Drawdown Largest peak-to-trough decline	-19.76%	-18.53%	-1.23%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-2.51%	-0.27%
Max Drawdown (5Y) Largest decline over 5 years	-18.40%	-18.00%	-0.40%
Current Drawdown Current decline from peak	-4.10%	-2.45%	-1.65%
Average Drawdown Average peak-to-trough decline	-5.83%	-7.26%	+1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	0.90%	+0.09%

Volatility

FIBUX vs. BKAG - Volatility Comparison

The current volatility for Fidelity Flex U.S. Bond Index Fund (FIBUX) is 1.61%, while BNY Mellon Core Bond ETF (BKAG) has a volatility of 1.72%. This indicates that FIBUX experiences smaller price fluctuations and is considered to be less risky than BKAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIBUX	BKAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	1.72%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	2.65%	2.71%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	4.44%	4.37%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.01%	5.99%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.13%	5.59%	-0.46%