VBTLX vs. FNSOX
Compare and contrast key facts about Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) and Fidelity Short-Term Bond Index Fund (FNSOX).
VBTLX is managed by Vanguard. It was launched on Nov 12, 2001. FNSOX is managed by Fidelity. It was launched on Oct 18, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBTLX or FNSOX.
Key characteristics
| VBTLX | FNSOX | |
|---|---|---|
| YTD Return | 1.57% | 3.43% |
| 1Y Return | 9.11% | 6.39% |
| 3Y Return (Ann) | -2.31% | 0.73% |
| 5Y Return (Ann) | -0.27% | 1.20% |
| Sharpe Ratio | 1.72 | 2.24 |
| Sortino Ratio | 2.57 | 3.60 |
| Omega Ratio | 1.31 | 1.48 |
| Calmar Ratio | 0.62 | 1.28 |
| Martin Ratio | 6.39 | 11.02 |
| Ulcer Index | 1.58% | 0.55% |
| Daily Std Dev | 5.86% | 2.73% |
| Max Drawdown | -18.68% | -8.45% |
| Current Drawdown | -8.71% | -1.39% |
Correlation
The correlation between VBTLX and FNSOX is 0.82, 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
VBTLX vs. FNSOX - Performance Comparison
In the year-to-date period, VBTLX achieves a 1.57% return, which is significantly lower than FNSOX's 3.43% 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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VBTLX vs. FNSOX - Expense Ratio Comparison
VBTLX has a 0.05% expense ratio, which is higher than FNSOX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VBTLX vs. FNSOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) and Fidelity Short-Term Bond Index Fund (FNSOX). 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
VBTLX vs. FNSOX - Dividend Comparison
VBTLX's dividend yield for the trailing twelve months is around 3.25%, more than FNSOX's 1.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.25% | 3.08% | 2.59% | 2.11% | 2.39% | 2.73% | 2.80% | 2.56% | 2.54% | 2.37% | 2.59% | 2.59% |
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% |
Drawdowns
VBTLX vs. FNSOX - Drawdown Comparison
The maximum VBTLX drawdown since its inception was -18.68%, which is greater than FNSOX's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for VBTLX and FNSOX. For additional features, visit the drawdowns tool.
Volatility
VBTLX vs. FNSOX - Volatility Comparison
Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) has a higher volatility of 1.31% compared to Fidelity Short-Term Bond Index Fund (FNSOX) at 0.62%. This indicates that VBTLX's price experiences larger fluctuations and is considered to be riskier than FNSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.