FPCIX vs. BNDW
Compare and contrast key facts about Strategic Advisers Core Income Fund (FPCIX) and Vanguard Total World Bond ETF (BNDW).
FPCIX is managed by Fidelity. BNDW is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Float Adjusted Composite Index. It was launched on Sep 4, 2018.
Performance
FPCIX vs. BNDW - Performance Comparison
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FPCIX vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FPCIX Strategic Advisers Core Income Fund | -1.19% | 7.42% | 1.71% | 5.98% | -14.76% | -0.81% | 9.39% | 9.20% | 0.69% |
BNDW Vanguard Total World Bond ETF | -0.03% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.21% |
Returns By Period
In the year-to-date period, FPCIX achieves a -1.19% return, which is significantly lower than BNDW's -0.03% return.
FPCIX
- 1D
- 0.44%
- 1M
- -2.35%
- YTD
- -1.19%
- 6M
- -0.29%
- 1Y
- 3.09%
- 3Y*
- 3.48%
- 5Y*
- 0.01%
- 10Y*
- 2.06%
BNDW
- 1D
- 0.35%
- 1M
- -1.98%
- YTD
- -0.03%
- 6M
- 0.57%
- 1Y
- 3.50%
- 3Y*
- 3.73%
- 5Y*
- 0.20%
- 10Y*
- —
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FPCIX vs. BNDW - Expense Ratio Comparison
FPCIX has a 0.31% expense ratio, which is higher than BNDW's 0.05% expense ratio.
Return for Risk
FPCIX vs. BNDW — Risk / Return Rank
FPCIX
BNDW
FPCIX vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Core Income Fund (FPCIX) and Vanguard Total World Bond ETF (BNDW). 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.
| FPCIX | BNDW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.00 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.40 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.34 | +0.32 |
Martin ratioReturn relative to average drawdown | 5.11 | 4.97 | +0.13 |
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
| FPCIX | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.00 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.04 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.37 | +0.36 |
Correlation
The correlation between FPCIX and BNDW is 0.86, 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
FPCIX vs. BNDW - Dividend Comparison
FPCIX's dividend yield for the trailing twelve months is around 2.84%, less than BNDW's 4.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPCIX Strategic Advisers Core Income Fund | 2.84% | 3.83% | 4.17% | 3.55% | 2.69% | 3.01% | 4.99% | 3.75% | 2.94% | 2.70% | 4.13% | 2.45% |
BNDW Vanguard Total World Bond ETF | 4.16% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPCIX vs. BNDW - Drawdown Comparison
The maximum FPCIX drawdown since its inception was -19.60%, which is greater than BNDW's maximum drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for FPCIX and BNDW.
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Drawdown Indicators
| FPCIX | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.60% | -17.22% | -2.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.70% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -19.60% | -16.93% | -2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -19.60% | — | — |
Current DrawdownCurrent decline from peak | -3.53% | -1.98% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -5.05% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.72% | +0.30% |
Volatility
FPCIX vs. BNDW - Volatility Comparison
The current volatility for Strategic Advisers Core Income Fund (FPCIX) is 1.44%, while Vanguard Total World Bond ETF (BNDW) has a volatility of 1.66%. This indicates that FPCIX experiences smaller price fluctuations and is considered to be less risky than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPCIX | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.66% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.28% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 3.53% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 5.17% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 4.92% | +0.11% |