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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSHBX or VBIRX.
Key characteristics
| FSHBX | VBIRX | |
|---|---|---|
| YTD Return | 4.44% | 3.42% |
| 1Y Return | 6.38% | 6.14% |
| 3Y Return (Ann) | 1.78% | 0.58% |
| 5Y Return (Ann) | 1.63% | 1.25% |
| 10Y Return (Ann) | 1.62% | 1.51% |
| Sharpe Ratio | 3.10 | 2.09 |
| Sortino Ratio | 5.40 | 3.34 |
| Omega Ratio | 1.82 | 1.43 |
| Calmar Ratio | 3.62 | 1.17 |
| Martin Ratio | 20.41 | 10.21 |
| Ulcer Index | 0.32% | 0.60% |
| Daily Std Dev | 2.09% | 2.94% |
| Max Drawdown | -6.54% | -8.91% |
| Current Drawdown | -0.59% | -1.16% |
Correlation
The correlation between FSHBX and VBIRX is 0.74, 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
FSHBX vs. VBIRX - Performance Comparison
In the year-to-date period, FSHBX achieves a 4.44% return, which is significantly higher than VBIRX's 3.42% return. Over the past 10 years, FSHBX has outperformed VBIRX with an annualized return of 1.62%, while VBIRX has yielded a comparatively lower 1.51% 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. VBIRX - Expense Ratio Comparison
FSHBX has a 0.45% expense ratio, which is higher than VBIRX's 0.07% expense ratio.
Risk-Adjusted Performance
FSHBX vs. VBIRX - Risk-Adjusted Performance 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.
Dividends
FSHBX vs. VBIRX - Dividend Comparison
FSHBX's dividend yield for the trailing twelve months is around 4.00%, more than VBIRX's 3.23% 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% |
VBIRX Vanguard Short-Term Bond Index Fund Admiral Shares | 3.23% | 2.41% | 1.44% | 1.17% | 1.78% | 2.23% | 2.04% | 1.53% | 1.48% | 1.32% | 1.20% | 1.21% |
Drawdowns
FSHBX vs. VBIRX - Drawdown Comparison
The maximum FSHBX drawdown since its inception was -6.54%, smaller than the maximum VBIRX drawdown of -8.91%. Use the drawdown chart below to compare losses from any high point for FSHBX and VBIRX. For additional features, visit the drawdowns tool.
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 0.68%. 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.