FMSDX vs. FBND
Compare and contrast key facts about Fidelity Multi-Asset Income Fund (FMSDX) and Fidelity Total Bond ETF (FBND).
FMSDX is managed by Fidelity. It was launched on Sep 9, 2015. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMSDX or FBND.
Key characteristics
| FMSDX | FBND | |
|---|---|---|
| YTD Return | 1.77% | -2.60% |
| 1Y Return | 7.92% | 0.28% |
| 3Y Return (Ann) | 1.69% | -2.55% |
| 5Y Return (Ann) | 8.40% | 0.93% |
| Sharpe Ratio | 1.38 | 0.17 |
| Daily Std Dev | 6.43% | 6.69% |
| Max Drawdown | -21.64% | -17.25% |
| Current Drawdown | -2.96% | -9.91% |
Correlation
The correlation between FMSDX and FBND is 0.31, 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
FMSDX vs. FBND - Performance Comparison
In the year-to-date period, FMSDX achieves a 1.77% return, which is significantly higher than FBND's -2.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FMSDX vs. FBND - Expense Ratio Comparison
FMSDX has a 0.78% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
FMSDX vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Income Fund (FMSDX) 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.
Dividends
FMSDX vs. FBND - Dividend Comparison
FMSDX's dividend yield for the trailing twelve months is around 3.87%, less than FBND's 4.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 3.87% | 4.23% | 4.71% | 3.22% | 3.40% | 2.82% | 3.70% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.64% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
FMSDX vs. FBND - Drawdown Comparison
The maximum FMSDX drawdown since its inception was -21.64%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FMSDX and FBND. For additional features, visit the drawdowns tool.
Volatility
FMSDX vs. FBND - Volatility Comparison
Fidelity Multi-Asset Income Fund (FMSDX) and Fidelity Total Bond ETF (FBND) have volatilities of 1.98% and 1.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.