FSHBX vs. SCHD
Compare and contrast key facts about Fidelity Short-Term Bond Fund (FSHBX) and Schwab US Dividend Equity ETF (SCHD).
FSHBX is managed by Fidelity. It was launched on Sep 15, 1986. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSHBX or SCHD.
Key characteristics
| FSHBX | SCHD | |
|---|---|---|
| YTD Return | 4.44% | 17.07% |
| 1Y Return | 6.38% | 29.42% |
| 3Y Return (Ann) | 1.78% | 6.98% |
| 5Y Return (Ann) | 1.63% | 12.68% |
| 10Y Return (Ann) | 1.62% | 11.66% |
| Sharpe Ratio | 3.10 | 2.58 |
| Sortino Ratio | 5.40 | 3.73 |
| Omega Ratio | 1.82 | 1.46 |
| Calmar Ratio | 3.62 | 2.70 |
| Martin Ratio | 20.41 | 14.33 |
| Ulcer Index | 0.32% | 2.04% |
| Daily Std Dev | 2.09% | 11.31% |
| Max Drawdown | -6.54% | -33.37% |
| Current Drawdown | -0.59% | -0.45% |
Correlation
The correlation between FSHBX and SCHD is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FSHBX vs. SCHD - Performance Comparison
In the year-to-date period, FSHBX achieves a 4.44% return, which is significantly lower than SCHD's 17.07% return. Over the past 10 years, FSHBX has underperformed SCHD with an annualized return of 1.62%, while SCHD has yielded a comparatively higher 11.66% annualized 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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FSHBX vs. SCHD - Expense Ratio Comparison
FSHBX has a 0.45% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
FSHBX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Fund (FSHBX) and Schwab US Dividend Equity ETF (SCHD). 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
FSHBX vs. SCHD - Dividend Comparison
FSHBX's dividend yield for the trailing twelve months is around 4.00%, more than SCHD's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | 4.00% | 3.00% | 1.15% | 0.94% | 2.06% | 2.13% | 1.77% | 1.28% | 1.00% | 1.02% | 0.92% | 0.82% |
SCHD Schwab US Dividend Equity ETF | 3.38% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
FSHBX vs. SCHD - Drawdown Comparison
The maximum FSHBX drawdown since its inception was -6.54%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FSHBX and SCHD. For additional features, visit the drawdowns tool.
Volatility
FSHBX vs. SCHD - Volatility Comparison
The current volatility for Fidelity Short-Term Bond Fund (FSHBX) is 0.60%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 3.58%. This indicates that FSHBX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.