FNSOX vs. BND
Compare and contrast key facts about Fidelity Short-Term Bond Index Fund (FNSOX) and Vanguard Total Bond Market ETF (BND).
FNSOX is managed by Fidelity. It was launched on Oct 18, 2017. BND is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
FNSOX vs. BND - Performance Comparison
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FNSOX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | -0.12% | 6.01% | 3.90% | 4.90% | -5.76% | -1.25% | 4.28% | 4.95% | 1.14% | -0.22% |
BND Vanguard Total Bond Market ETF | 0.09% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 0.43% |
Returns By Period
In the year-to-date period, FNSOX achieves a -0.12% return, which is significantly lower than BND's 0.09% return.
FNSOX
- 1D
- 0.10%
- 1M
- -0.79%
- YTD
- -0.12%
- 6M
- 0.91%
- 1Y
- 3.80%
- 3Y*
- 4.25%
- 5Y*
- 1.58%
- 10Y*
- —
BND
- 1D
- 0.04%
- 1M
- -1.30%
- YTD
- 0.09%
- 6M
- 0.74%
- 1Y
- 3.96%
- 3Y*
- 3.60%
- 5Y*
- 0.25%
- 10Y*
- 1.68%
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FNSOX vs. BND - Expense Ratio Comparison
Both FNSOX and BND have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
FNSOX vs. BND — Risk / Return Rank
FNSOX
BND
FNSOX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Index Fund (FNSOX) and Vanguard Total Bond Market ETF (BND). 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.
| FNSOX | BND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 0.93 | +0.81 |
Sortino ratioReturn per unit of downside risk | 2.68 | 1.32 | +1.37 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.16 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.75 | +1.04 |
Martin ratioReturn relative to average drawdown | 10.34 | 4.78 | +5.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNSOX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 0.93 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.04 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.59 | +0.24 |
Correlation
The correlation between FNSOX and BND is 0.78, 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.
Dividends
FNSOX vs. BND - Dividend Comparison
FNSOX's dividend yield for the trailing twelve months is around 3.14%, less than BND's 3.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | 3.14% | 3.22% | 2.80% | 1.74% | 0.81% | 0.80% | 1.54% | 2.61% | 2.04% | 0.34% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.93% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
FNSOX vs. BND - Drawdown Comparison
The maximum FNSOX drawdown since its inception was -8.92%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for FNSOX and BND.
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Drawdown Indicators
| FNSOX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.92% | -18.58% | +9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -2.44% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -8.77% | -17.91% | +9.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.08% | -2.54% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -3.07% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.90% | -0.50% |
Volatility
FNSOX vs. BND - Volatility Comparison
The current volatility for Fidelity Short-Term Bond Index Fund (FNSOX) is 0.75%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.63%. This indicates that FNSOX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNSOX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 1.63% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 2.52% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 4.30% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 6.00% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.48% | 5.52% | -3.04% |