FIWGX vs. BND

Last updated Jun 3, 2026

FIWGX (Strategic Advisers Fidelity Core Income Fund) and BND (Vanguard Total Bond Market ETF) are both funds - FIWGX is a Intermediate Core-Plus Bond fund managed by Fidelity, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 5 years, FIWGX returned 0.39%/yr vs 0.20%/yr for BND. Their correlation of 0.90 suggests significant overlap in exposure. FIWGX charges 0.46%/yr vs 0.03%/yr for BND.

Performance

FIWGX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategic Advisers Fidelity Core Income Fund (FIWGX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIWGX achieves a 0.17% return, which is significantly lower than BND's 0.46% return.

FIWGX

• 1D: -0.11%
• 1M: 0.12%
• YTD: 0.17%
• 6M: 0.17%
• 1Y: 5.08%
• 3Y*: 4.35%
• 5Y*: 0.39%
• 10Y*: —

BND

• 1D: 0.03%
• 1M: 0.12%
• YTD: 0.46%
• 6M: 0.46%
• 1Y: 5.19%
• 3Y*: 4.03%
• 5Y*: 0.20%
• 10Y*: 1.60%

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

FIWGX vs. BND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIWGX Strategic Advisers Fidelity Core Income Fund	0.17%	6.90%	2.14%	6.51%	-13.71%	-0.37%	10.21%	9.39%	1.28%
BND Vanguard Total Bond Market ETF	0.46%	7.08%	1.38%	5.65%	-13.11%	-1.86%	7.71%	8.84%	2.14%

Correlation

The correlation between FIWGX and BND is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018	0.90

The correlation between FIWGX and BND shifts across timeframes, from 0.75 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FIWGX vs. BND — Risk / Return Rank

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

FIWGX

FIWGX Risk / Return Rank: 18
FIWGX Sharpe Ratio Rank: 24
FIWGX Sortino Ratio Rank: 25
FIWGX Omega Ratio Rank: 21
FIWGX Calmar Ratio Rank: 11
FIWGX Martin Ratio Rank: 11

BND

BND Risk / Return Rank: 38
BND Sharpe Ratio Rank: 38
BND Sortino Ratio Rank: 40
BND Omega Ratio Rank: 36
BND Calmar Ratio Rank: 37
BND Martin Ratio Rank: 36

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.

FIWGX vs. BND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity Core Income Fund (FIWGX) 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.

	FIWGX	BND	Difference
Sharpe ratio Return per unit of total volatility	1.43	1.38	+0.05
Sortino ratio Return per unit of downside risk	2.15	2.07	+0.08
Omega ratio Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio Return relative to maximum drawdown	1.15	1.85	-0.70
Martin ratio Return relative to average drawdown	3.35	5.66	-2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIWGX vs. BND - Sharpe Ratio Comparison

The current FIWGX Sharpe Ratio is 1.43, which is comparable to the BND Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of FIWGX and BND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIWGX	BND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	1.38	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.03	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.59	-0.09

Drawdowns

FIWGX vs. BND - Drawdown Comparison

The maximum FIWGX drawdown since its inception was -18.42%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FIWGX and BND.

Drawdown Indicators

	FIWGX	BND	Difference
Max Drawdown Largest peak-to-trough decline	-18.42%	-18.58%	+0.16%
Max Drawdown (1Y) Largest decline over 1 year	-2.52%	-2.68%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-6.24%	-5.92%	-0.32%
Max Drawdown (5Y) Largest decline over 5 years	-18.42%	-17.91%	-0.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.58%	—
Current Drawdown Current decline from peak	-1.00%	-2.18%	+1.18%
Average Drawdown Average peak-to-trough decline	-5.03%	-3.06%	-1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	0.88%	+0.24%

Volatility

FIWGX vs. BND - Volatility Comparison

Strategic Advisers Fidelity Core Income Fund (FIWGX) has a higher volatility of 1.49% compared to Vanguard Total Bond Market ETF (BND) at 1.26%. This indicates that FIWGX'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.

Volatility by Period

	FIWGX	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.49%	1.26%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	2.85%	2.68%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	4.14%	3.78%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.10%	6.02%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.51%	5.53%	-0.02%

FIWGX vs. BND - Expense Ratio Comparison

FIWGX has a 0.46% expense ratio, which is higher than BND's 0.03% expense ratio.

Dividends

FIWGX vs. BND - Dividend Comparison

FIWGX's dividend yield for the trailing twelve months is around 3.43%, less than BND's 3.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND Vanguard Total Bond Market ETF	3.96%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
FIWGX Strategic Advisers Fidelity Core Income Fund	3.43%	3.68%	4.36%	3.79%	2.24%	1.77%	6.83%	4.30%	0.57%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIWGX and BND in my portfolio?

FIWGX and BND have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIWGX or BND?

FIWGX has higher volatility (1.49%) compared to BND (1.26%). In terms of maximum drawdown, FIWGX dropped -18.42% vs BND's -18.58%.

Which has better risk-adjusted returns?

FIWGX currently has the higher Sharpe Ratio (1.43 vs 1.38), 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.