FIDU vs. FBND
FIDU (Fidelity MSCI Industrials Index ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - FIDU is a Industrials Equities fund tracking the MSCI USA IMI Industrials Index, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. FIDU is passively managed, while FBND is actively managed. Over the past 10 years, FIDU returned 13.91%/yr vs 2.38%/yr for FBND. At a 0.07 correlation, their price movements are largely independent. FIDU charges 0.08%/yr vs 0.36%/yr for FBND.
Performance
FIDU vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, FIDU achieves a 16.82% return, which is significantly higher than FBND's 0.12% return. Over the past 10 years, FIDU has outperformed FBND with an annualized return of 13.91%, while FBND has yielded a comparatively lower 2.38% annualized return.
FIDU
- 1D
- -1.01%
- 1M
- 0.97%
- 6M
- 9.87%
- YTD
- 16.82%
- 1Y
- 22.49%
- 3Y*
- 20.09%
- 5Y*
- 13.70%
- 10Y*
- 13.91%
FBND
- 1D
- -0.33%
- 1M
- -0.58%
- 6M
- -0.08%
- YTD
- 0.12%
- 1Y
- 4.00%
- 3Y*
- 4.45%
- 5Y*
- 0.51%
- 10Y*
- 2.38%
FIDU vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIDU Fidelity MSCI Industrials Index ETF | 16.82% | 18.61% | 16.51% | 22.62% | -8.36% | 20.96% | 13.72% | 30.69% | -13.85% | 22.22% |
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between FIDU and FBND is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.07 |
Over the past year, FIDU and FBND have become more correlated (0.32) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
FIDU vs. FBND — Risk / Return Rank
FIDU
FBND
FIDU vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Industrials Index ETF (FIDU) and Fidelity Total Bond ETF (FBND). 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.
| FIDU | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.51 | +0.34 |
| Martin ratioReturn relative to average drawdown | 7.49 | 4.20 | +3.29 |
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Drawdowns
FIDU vs. FBND - Drawdown Comparison
The maximum FIDU drawdown since its inception was -42.31%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FIDU and FBND.
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Drawdown Indicators
| FIDU | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.31% | -17.25% | -25.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -2.66% | -9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -20.52% | -5.94% | -14.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -17.25% | -5.62% |
Max Drawdown (10Y)Largest decline over 10 years | -42.31% | -17.25% | -25.06% |
Current DrawdownCurrent decline from peak | -3.77% | -1.80% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -3.33% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 0.95% | +2.06% |
Volatility
FIDU vs. FBND - Volatility Comparison
Fidelity MSCI Industrials Index ETF (FIDU) has a higher volatility of 6.35% compared to Fidelity Total Bond ETF (FBND) at 1.26%. This indicates that FIDU's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIDU | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 1.26% | +5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 2.92% | +11.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.81% | 3.80% | +14.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 5.93% | +12.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.34% | 6.10% | +14.24% |
FIDU vs. FBND - Expense Ratio Comparison
FIDU has a 0.08% expense ratio, which is lower than FBND's 0.36% expense ratio.
Dividends
FIDU vs. FBND - Dividend Comparison
FIDU's dividend yield for the trailing twelve months is around 0.94%, less than FBND's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.72% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
FIDU Fidelity MSCI Industrials Index ETF | 0.94% | 1.02% | 1.42% | 1.42% | 1.48% | 1.12% | 1.28% | 1.73% | 1.99% | 1.60% | 1.63% | 1.98% |
Frequently Asked Questions
FIDU and FBND have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIDU has higher volatility (6.35%) compared to FBND (1.26%). In terms of maximum drawdown, FIDU dropped -42.31% vs FBND's -17.25%.
On 10-year performance, FIDU leads with 13.91% vs 2.38% for FBND. On fees, FIDU is cheaper at 0.08% per year. On volatility, FBND has been the lower-risk option at 1.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FIDU has performed better with a 13.91% return vs 2.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIDU is cheaper with a 0.08% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.72%, compared with 0.94% for FIDU.
FIDU is categorized as Industrials Equities, while FBND is Intermediate Core-Plus Bond. Their fees differ too: 0.08% for FIDU and 0.36% for FBND.
FIDU currently has the higher Sharpe Ratio (1.27 vs 1.06), 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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