FIPDX vs. BND
Compare and contrast key facts about Fidelity Inflation-Protected Bond Index Fund (FIPDX) and Vanguard Total Bond Market ETF (BND).
FIPDX is managed by Fidelity. It was launched on May 16, 2012. 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: FIPDX or BND.
Performance
FIPDX vs. BND - Performance Comparison
Returns By Period
In the year-to-date period, FIPDX achieves a 2.67% return, which is significantly higher than BND's 1.66% return. Both investments have delivered pretty close results over the past 10 years, with FIPDX having a 1.40% annualized return and BND not far behind at 1.39%.
FIPDX
2.67%
-0.87%
2.92%
5.57%
1.46%
1.40%
BND
1.66%
-0.79%
3.22%
6.06%
-0.33%
1.39%
Key characteristics
| FIPDX | BND | |
|---|---|---|
| Sharpe Ratio | 1.17 | 1.09 |
| Sortino Ratio | 1.74 | 1.59 |
| Omega Ratio | 1.21 | 1.19 |
| Calmar Ratio | 0.46 | 0.42 |
| Martin Ratio | 4.80 | 3.51 |
| Ulcer Index | 1.16% | 1.75% |
| Daily Std Dev | 4.75% | 5.65% |
| Max Drawdown | -14.29% | -18.84% |
| Current Drawdown | -6.84% | -9.11% |
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FIPDX vs. BND - Expense Ratio Comparison
FIPDX has a 0.05% expense ratio, which is higher than BND's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FIPDX and BND is 0.80, 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.
Risk-Adjusted Performance
FIPDX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Inflation-Protected Bond Index Fund (FIPDX) 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.
Dividends
FIPDX vs. BND - Dividend Comparison
FIPDX's dividend yield for the trailing twelve months is around 5.49%, more than BND's 3.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIPDX Fidelity Inflation-Protected Bond Index Fund | 5.49% | 3.59% | 8.87% | 4.76% | 0.24% | 0.41% | 0.39% | 0.09% | 0.08% | 0.11% | 1.10% | 0.66% |
BND Vanguard Total Bond Market ETF | 3.57% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
FIPDX vs. BND - Drawdown Comparison
The maximum FIPDX drawdown since its inception was -14.29%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FIPDX and BND. For additional features, visit the drawdowns tool.
Volatility
FIPDX vs. BND - Volatility Comparison
The current volatility for Fidelity Inflation-Protected Bond Index Fund (FIPDX) is 1.14%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.52%. This indicates that FIPDX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.