FIBUX vs. SCYB
Compare and contrast key facts about Fidelity Flex U.S. Bond Index Fund (FIBUX) and Schwab High Yield Bond ETF (SCYB).
FIBUX is managed by Fidelity. It was launched on Mar 9, 2017. SCYB is a passively managed fund by Charles Schwab that tracks the performance of the ICE BofA US Cash Pay High Yield Constrained Index. It was launched on Jul 10, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIBUX or SCYB.
Correlation
The correlation between FIBUX and SCYB is 0.18, 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.
Performance
FIBUX vs. SCYB - Performance Comparison
Key characteristics
FIBUX:
1.36
SCYB:
1.83
FIBUX:
2.02
SCYB:
2.68
FIBUX:
1.24
SCYB:
1.40
FIBUX:
0.52
SCYB:
2.16
FIBUX:
3.49
SCYB:
11.69
FIBUX:
2.10%
SCYB:
0.91%
FIBUX:
5.39%
SCYB:
5.81%
FIBUX:
-19.46%
SCYB:
-4.92%
FIBUX:
-7.84%
SCYB:
-0.96%
Returns By Period
In the year-to-date period, FIBUX achieves a 2.42% return, which is significantly higher than SCYB's 1.14% return.
FIBUX
2.42%
0.66%
1.83%
7.33%
-0.99%
N/A
SCYB
1.14%
0.13%
2.03%
10.81%
N/A
N/A
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FIBUX vs. SCYB - Expense Ratio Comparison
FIBUX has a 0.00% expense ratio, which is lower than SCYB'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
FIBUX vs. SCYB — Risk-Adjusted Performance Rank
FIBUX
SCYB
FIBUX vs. SCYB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Flex U.S. Bond Index Fund (FIBUX) and Schwab High Yield Bond ETF (SCYB). 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.
Dividends
FIBUX vs. SCYB - Dividend Comparison
FIBUX's dividend yield for the trailing twelve months is around 3.70%, less than SCYB's 7.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FIBUX Fidelity Flex U.S. Bond Index Fund | 3.70% | 3.65% | 2.91% | 2.15% | 1.46% | 2.05% | 2.77% | 2.72% | 1.77% |
SCYB Schwab High Yield Bond ETF | 7.18% | 7.07% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIBUX vs. SCYB - Drawdown Comparison
The maximum FIBUX drawdown since its inception was -19.46%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for FIBUX and SCYB. For additional features, visit the drawdowns tool.
Volatility
FIBUX vs. SCYB - Volatility Comparison
The current volatility for Fidelity Flex U.S. Bond Index Fund (FIBUX) is 2.13%, while Schwab High Yield Bond ETF (SCYB) has a volatility of 4.33%. This indicates that FIBUX experiences smaller price fluctuations and is considered to be less risky than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.