FSHBX vs. VBIRX
Compare and contrast key facts about Fidelity Short-Term Bond Fund (FSHBX) and Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX).
FSHBX is managed by Fidelity. It was launched on Sep 15, 1986. VBIRX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
FSHBX vs. VBIRX - Performance Comparison
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FSHBX vs. VBIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | -0.08% | 5.49% | 4.73% | 5.35% | -3.86% | -0.92% | 3.59% | 4.20% | 1.21% | 1.16% |
VBIRX Vanguard Short-Term Bond Index Fund Admiral Shares | -0.23% | 6.09% | 3.75% | 4.87% | -5.63% | -1.20% | 4.69% | 4.86% | 1.37% | 1.18% |
Returns By Period
In the year-to-date period, FSHBX achieves a -0.08% return, which is significantly higher than VBIRX's -0.23% return. Over the past 10 years, FSHBX has outperformed VBIRX with an annualized return of 2.10%, while VBIRX has yielded a comparatively lower 1.90% annualized return.
FSHBX
- 1D
- 0.12%
- 1M
- -0.70%
- YTD
- -0.08%
- 6M
- 0.93%
- 1Y
- 3.58%
- 3Y*
- 4.63%
- 5Y*
- 2.17%
- 10Y*
- 2.10%
VBIRX
- 1D
- 0.10%
- 1M
- -0.87%
- YTD
- -0.23%
- 6M
- 0.77%
- 1Y
- 3.65%
- 3Y*
- 4.15%
- 5Y*
- 1.60%
- 10Y*
- 1.90%
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FSHBX vs. VBIRX - Expense Ratio Comparison
FSHBX has a 0.45% expense ratio, which is higher than VBIRX's 0.07% expense ratio.
Return for Risk
FSHBX vs. VBIRX — Risk / Return Rank
FSHBX
VBIRX
FSHBX vs. VBIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Fund (FSHBX) and Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX). 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.
| FSHBX | VBIRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.58 | +0.23 |
Sortino ratioReturn per unit of downside risk | 3.13 | 2.58 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.31 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.71 | +0.77 |
Martin ratioReturn relative to average drawdown | 13.53 | 9.87 | +3.66 |
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
| FSHBX | VBIRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.58 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.55 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.80 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.49 | 0.97 | +0.52 |
Correlation
The correlation between FSHBX and VBIRX is 0.75, 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
FSHBX vs. VBIRX - Dividend Comparison
FSHBX's dividend yield for the trailing twelve months is around 3.88%, more than VBIRX's 3.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | 3.88% | 4.26% | 4.00% | 3.00% | 0.83% | 1.04% | 2.62% | 2.13% | 1.78% | 1.27% | 1.12% | 0.88% |
VBIRX Vanguard Short-Term Bond Index Fund Admiral Shares | 3.60% | 3.83% | 3.37% | 2.41% | 1.46% | 1.22% | 1.77% | 2.24% | 2.03% | 1.66% | 1.50% | 1.41% |
Drawdowns
FSHBX vs. VBIRX - Drawdown Comparison
The maximum FSHBX drawdown since its inception was -8.80%, roughly equal to the maximum VBIRX drawdown of -8.69%. Use the drawdown chart below to compare losses from any high point for FSHBX and VBIRX.
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Drawdown Indicators
| FSHBX | VBIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.80% | -8.69% | -0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -1.54% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -6.36% | -8.64% | +2.28% |
Max Drawdown (10Y)Largest decline over 10 years | -6.51% | -8.69% | +2.18% |
Current DrawdownCurrent decline from peak | -0.82% | -1.16% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -0.99% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.42% | -0.12% |
Volatility
FSHBX vs. VBIRX - Volatility Comparison
The current volatility for Fidelity Short-Term Bond Fund (FSHBX) is 0.60%, while Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) has a volatility of 0.71%. This indicates that FSHBX experiences smaller price fluctuations and is considered to be less risky than VBIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSHBX | VBIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.71% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.32% | 1.50% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.07% | 2.42% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.18% | 2.93% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.84% | 2.39% | -0.55% |