FNBGX vs. FBND
Compare and contrast key facts about Fidelity Long-Term Treasury Bond Index Fund (FNBGX) and Fidelity Total Bond ETF (FBND).
FNBGX is managed by Fidelity. It was launched on Dec 20, 2005. 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: FNBGX or FBND.
Key characteristics
| FNBGX | FBND | |
|---|---|---|
| YTD Return | -2.31% | 2.94% |
| 1Y Return | 9.42% | 9.81% |
| 3Y Return (Ann) | -10.59% | -1.19% |
| 5Y Return (Ann) | -5.05% | 1.17% |
| Sharpe Ratio | 0.66 | 1.67 |
| Sortino Ratio | 1.01 | 2.45 |
| Omega Ratio | 1.12 | 1.30 |
| Calmar Ratio | 0.20 | 0.75 |
| Martin Ratio | 1.67 | 6.84 |
| Ulcer Index | 5.30% | 1.45% |
| Daily Std Dev | 13.56% | 5.97% |
| Max Drawdown | -47.77% | -17.25% |
| Current Drawdown | -39.18% | -4.78% |
Correlation
The correlation between FNBGX and FBND 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.
Performance
FNBGX vs. FBND - Performance Comparison
In the year-to-date period, FNBGX achieves a -2.31% return, which is significantly lower than FBND's 2.94% 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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FNBGX vs. FBND - Expense Ratio Comparison
FNBGX has a 0.03% expense ratio, which is lower than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
FNBGX vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Long-Term Treasury Bond Index Fund (FNBGX) 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
FNBGX vs. FBND - Dividend Comparison
FNBGX's dividend yield for the trailing twelve months is around 3.56%, less than FBND's 4.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FNBGX Fidelity Long-Term Treasury Bond Index Fund | 3.56% | 3.20% | 3.00% | 2.05% | 2.13% | 2.64% | 2.95% | 0.69% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.57% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
FNBGX vs. FBND - Drawdown Comparison
The maximum FNBGX drawdown since its inception was -47.77%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FNBGX and FBND. For additional features, visit the drawdowns tool.
Volatility
FNBGX vs. FBND - Volatility Comparison
Fidelity Long-Term Treasury Bond Index Fund (FNBGX) has a higher volatility of 4.51% compared to Fidelity Total Bond ETF (FBND) at 1.57%. This indicates that FNBGX'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.