FNDX vs. FBND
FNDX (Schwab Fundamental U.S. Large Company Index ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - FNDX is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US Large Index, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. FNDX is passively managed, while FBND is actively managed. Over the past 10 years, FNDX returned 14.45%/yr vs 2.54%/yr for FBND. At a 0.06 correlation, their price movements are largely independent. FNDX charges 0.25%/yr vs 0.36%/yr for FBND.
Performance
FNDX vs. FBND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNDX achieves a 15.49% return, which is significantly higher than FBND's 0.70% return. Over the past 10 years, FNDX has outperformed FBND with an annualized return of 14.45%, while FBND has yielded a comparatively lower 2.54% annualized return.
FNDX
- 1D
- 0.90%
- 1M
- 3.30%
- YTD
- 15.49%
- 6M
- 14.86%
- 1Y
- 32.83%
- 3Y*
- 20.28%
- 5Y*
- 13.11%
- 10Y*
- 14.45%
FBND
- 1D
- -0.13%
- 1M
- 1.07%
- YTD
- 0.70%
- 6M
- 1.04%
- 1Y
- 5.26%
- 3Y*
- 4.89%
- 5Y*
- 0.76%
- 10Y*
- 2.54%
FNDX vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNDX Schwab Fundamental U.S. Large Company Index ETF | 15.49% | 16.94% | 16.77% | 18.23% | -6.92% | 31.73% | 9.12% | 28.65% | -7.30% | 17.12% |
FBND Fidelity Total Bond ETF | 0.70% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between FNDX and FBND is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.06 |
Over the past year, FNDX and FBND have become more correlated (0.33) than their long-term average of 0.06, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FNDX vs. FBND — Risk / Return Rank
FNDX
FBND
FNDX vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental U.S. Large Company Index ETF (FNDX) 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.
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.
| FNDX | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.22 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 1.83 | +3.40 |
| Martin ratioReturn relative to average drawdown | 20.31 | 5.32 | +14.98 |
Loading charts...
Drawdowns
FNDX vs. FBND - Drawdown Comparison
The maximum FNDX drawdown since its inception was -37.72%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FNDX and FBND.
Loading charts...
Drawdown Indicators
| FNDX | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.72% | -17.25% | -20.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -2.66% | -3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.30% | -5.94% | -10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -19.06% | -17.25% | -1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -37.72% | -17.25% | -20.47% |
Current DrawdownCurrent decline from peak | 0.00% | -1.23% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -3.34% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 0.91% | +0.65% |
Volatility
FNDX vs. FBND - Volatility Comparison
Schwab Fundamental U.S. Large Company Index ETF (FNDX) has a higher volatility of 3.18% compared to Fidelity Total Bond ETF (FBND) at 1.35%. This indicates that FNDX'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.
Loading charts...
Volatility by Period
| FNDX | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 1.35% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 2.81% | +4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.45% | 3.83% | +6.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 5.92% | +9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 6.10% | +11.41% |
FNDX vs. FBND - Expense Ratio Comparison
FNDX has a 0.25% expense ratio, which is lower than FBND's 0.36% expense ratio.
Dividends
FNDX vs. FBND - Dividend Comparison
FNDX's dividend yield for the trailing twelve months is around 1.44%, less than FBND's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.69% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
FNDX Schwab Fundamental U.S. Large Company Index ETF | 1.44% | 1.63% | 1.76% | 1.82% | 2.07% | 1.64% | 2.29% | 2.23% | 2.40% | 1.86% | 2.01% | 2.01% |
Frequently Asked Questions
FNDX and FBND have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNDX has higher volatility (3.18%) compared to FBND (1.35%). In terms of maximum drawdown, FNDX dropped -37.72% vs FBND's -17.25%.
On 10-year performance, FNDX leads with 14.45% vs 2.54% for FBND. On fees, FNDX is cheaper at 0.25% per year. On volatility, FBND has been the lower-risk option at 1.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FNDX has performed better with a 14.45% return vs 2.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNDX is cheaper with a 0.25% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.69%, compared with 1.44% for FNDX.
FNDX is categorized as Large Cap Value Equities, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: Charles Schwab and Fidelity. Their fees differ too: 0.25% for FNDX and 0.36% for FBND.
FNDX currently has the higher Sharpe Ratio (3.03 vs 1.27), 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.
Find the right allocation for FNDX and FBND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer