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 Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNSOX or BND.
Key characteristics
| FNSOX | BND | |
|---|---|---|
| YTD Return | 3.43% | 2.04% |
| 1Y Return | 6.72% | 10.47% |
| 3Y Return (Ann) | 0.73% | -2.25% |
| 5Y Return (Ann) | 1.20% | -0.27% |
| Sharpe Ratio | 2.15 | 1.77 |
| Sortino Ratio | 3.45 | 2.64 |
| Omega Ratio | 1.46 | 1.32 |
| Calmar Ratio | 1.24 | 0.60 |
| Martin Ratio | 10.75 | 6.79 |
| Ulcer Index | 0.54% | 1.54% |
| Daily Std Dev | 2.73% | 5.88% |
| Max Drawdown | -8.45% | -18.84% |
| Current Drawdown | -1.39% | -8.76% |
Correlation
The correlation between FNSOX and BND is 0.79, 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
FNSOX vs. BND - Performance Comparison
In the year-to-date period, FNSOX achieves a 3.43% return, which is significantly higher than BND's 2.04% 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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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%.
Risk-Adjusted Performance
FNSOX vs. BND - Risk-Adjusted Performance 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.
Dividends
FNSOX vs. BND - Dividend Comparison
FNSOX's dividend yield for the trailing twelve months is around 1.84%, less than BND's 3.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | 1.84% | 1.74% | 1.16% | 0.93% | 1.93% | 2.61% | 2.02% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.24% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
FNSOX vs. BND - Drawdown Comparison
The maximum FNSOX drawdown since its inception was -8.45%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FNSOX and BND. For additional features, visit the drawdowns tool.
Volatility
FNSOX vs. BND - Volatility Comparison
The current volatility for Fidelity Short-Term Bond Index Fund (FNSOX) is 0.62%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.26%. 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.