FNDSX vs. EAGG
FNDSX (Fidelity Sustainability Bond Index Fund) and EAGG (iShares ESG Aware US Aggregate Bond ETF) are both funds - FNDSX is a Total Bond Market fund managed by Fidelity, while EAGG is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Focus Index. Over the past 5 years, FNDSX returned -0.14%/yr vs -0.02%/yr for EAGG. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
FNDSX vs. EAGG - Performance Comparison
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Returns By Period
In the year-to-date period, FNDSX achieves a 0.10% return, which is significantly lower than EAGG's 0.45% return.
FNDSX
- 1D
- -0.32%
- 1M
- 0.55%
- YTD
- 0.10%
- 6M
- 0.42%
- 1Y
- 4.12%
- 3Y*
- 3.80%
- 5Y*
- -0.14%
- 10Y*
- —
EAGG
- 1D
- 0.11%
- 1M
- 0.70%
- YTD
- 0.45%
- 6M
- 0.58%
- 1Y
- 4.33%
- 3Y*
- 3.88%
- 5Y*
- -0.02%
- 10Y*
- —
FNDSX vs. EAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNDSX Fidelity Sustainability Bond Index Fund | 0.10% | 7.03% | 1.23% | 5.44% | -13.34% | -2.22% | 6.95% | 8.30% | 2.71% |
EAGG iShares ESG Aware US Aggregate Bond ETF | 0.45% | 7.18% | 1.12% | 5.58% | -13.63% | -1.30% | 7.40% | 8.68% | 2.19% |
Correlation
The correlation between FNDSX and EAGG is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2018 | 0.93 |
The correlation between FNDSX and EAGG has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
FNDSX vs. EAGG — Risk / Return Rank
FNDSX
EAGG
FNDSX vs. EAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainability Bond Index Fund (FNDSX) and iShares ESG Aware US Aggregate Bond ETF (EAGG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNDSX | EAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.58 | -0.09 |
| Martin ratioReturn relative to average drawdown | 4.17 | 4.57 | -0.40 |
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Drawdowns
FNDSX vs. EAGG - Drawdown Comparison
The maximum FNDSX drawdown since its inception was -19.72%, which is greater than EAGG's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for FNDSX and EAGG.
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Drawdown Indicators
| FNDSX | EAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -18.74% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.75% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -6.20% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.30% | -17.98% | -0.32% |
Current DrawdownCurrent decline from peak | -4.06% | -2.61% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -6.02% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.95% | +0.09% |
Volatility
FNDSX vs. EAGG - Volatility Comparison
Fidelity Sustainability Bond Index Fund (FNDSX) has a higher volatility of 1.20% compared to iShares ESG Aware US Aggregate Bond ETF (EAGG) at 1.05%. This indicates that FNDSX's price experiences larger fluctuations and is considered to be riskier than EAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNDSX | EAGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.05% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.75% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 3.73% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 6.03% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.30% | 5.49% | -0.19% |
FNDSX vs. EAGG - Expense Ratio Comparison
Both FNDSX and EAGG have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FNDSX vs. EAGG - Dividend Comparison
FNDSX's dividend yield for the trailing twelve months is around 3.97%, which matches EAGG's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | 4.00% | 3.92% | 3.93% | 3.24% | 2.07% | 1.09% | 1.82% | 3.17% | 0.61% |
FNDSX Fidelity Sustainability Bond Index Fund | 3.97% | 3.84% | 3.53% | 2.84% | 1.55% | 1.17% | 1.79% | 3.17% | 1.56% |
Frequently Asked Questions
With a correlation of 0.93, FNDSX and EAGG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FNDSX has higher volatility (1.20%) compared to EAGG (1.05%). In terms of maximum drawdown, FNDSX dropped -19.72% vs EAGG's -18.74%.
EAGG currently has the higher Sharpe Ratio (1.17 vs 1.11), 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.
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