Correlation
The correlation between FMSFX and FBND is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
FMSFX vs. FBND
Compare and contrast key facts about Fidelity Mortgage Securities Fund (FMSFX) and Fidelity Total Bond ETF (FBND).
FMSFX is managed by Fidelity. It was launched on Dec 31, 1984. 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: FMSFX or FBND.
Performance
FMSFX vs. FBND - Performance Comparison
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Key characteristics
FMSFX:
1.02
FBND:
1.15
FMSFX:
1.40
FBND:
1.40
FMSFX:
1.17
FBND:
1.17
FMSFX:
0.52
FBND:
0.57
FMSFX:
2.35
FBND:
2.72
FMSFX:
2.43%
FBND:
1.92%
FMSFX:
5.99%
FBND:
5.40%
FMSFX:
-18.42%
FBND:
-17.25%
FMSFX:
-6.57%
FBND:
-3.63%
Returns By Period
In the year-to-date period, FMSFX achieves a 1.71% return, which is significantly lower than FBND's 2.01% return. Over the past 10 years, FMSFX has underperformed FBND with an annualized return of 0.95%, while FBND has yielded a comparatively higher 2.20% annualized return.
FMSFX
1.71%
-1.20%
0.52%
6.16%
0.57%
-1.10%
0.95%
FBND
2.01%
-1.14%
0.64%
6.13%
2.06%
0.24%
2.20%
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FMSFX vs. FBND - Expense Ratio Comparison
FMSFX has a 0.45% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
FMSFX vs. FBND — Risk-Adjusted Performance Rank
FMSFX
FBND
FMSFX vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Mortgage Securities Fund (FMSFX) 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.
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Dividends
FMSFX vs. FBND - Dividend Comparison
FMSFX's dividend yield for the trailing twelve months is around 4.25%, less than FBND's 5.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSFX Fidelity Mortgage Securities Fund | 4.25% | 4.13% | 3.50% | 1.90% | 0.79% | 2.40% | 2.63% | 2.57% | 2.61% | 2.34% | 2.36% | 2.55% |
FBND Fidelity Total Bond ETF | 4.66% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
FMSFX vs. FBND - Drawdown Comparison
The maximum FMSFX drawdown since its inception was -18.42%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FMSFX and FBND.
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Volatility
FMSFX vs. FBND - Volatility Comparison
Fidelity Mortgage Securities Fund (FMSFX) has a higher volatility of 1.64% compared to Fidelity Total Bond ETF (FBND) at 1.43%. This indicates that FMSFX'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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