FTBD vs. BND
Compare and contrast key facts about Fidelity Tactical Bond ETF (FTBD) and Vanguard Total Bond Market ETF (BND).
FTBD and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTBD is an actively managed fund by Fidelity. It was launched on Jan 24, 2023. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTBD or BND.
Key characteristics
| FTBD | BND | |
|---|---|---|
| YTD Return | 2.34% | 1.59% |
| 1Y Return | 9.28% | 7.87% |
| Sharpe Ratio | 1.49 | 1.34 |
| Sortino Ratio | 2.19 | 1.98 |
| Omega Ratio | 1.27 | 1.24 |
| Calmar Ratio | 2.34 | 0.50 |
| Martin Ratio | 6.06 | 4.75 |
| Ulcer Index | 1.55% | 1.65% |
| Daily Std Dev | 6.32% | 5.84% |
| Max Drawdown | -6.98% | -18.84% |
| Current Drawdown | -3.47% | -9.17% |
Correlation
The correlation between FTBD and BND is 0.95, 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
FTBD vs. BND - Performance Comparison
In the year-to-date period, FTBD achieves a 2.34% return, which is significantly higher than BND's 1.59% 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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FTBD vs. BND - Expense Ratio Comparison
FTBD has a 0.55% expense ratio, which is higher than BND's 0.03% expense ratio.
Risk-Adjusted Performance
FTBD vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) and Vanguard Total Bond Market ETF (BND). 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
FTBD vs. BND - Dividend Comparison
FTBD's dividend yield for the trailing twelve months is around 4.92%, more than BND's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 4.92% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
FTBD vs. BND - Drawdown Comparison
The maximum FTBD drawdown since its inception was -6.98%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FTBD and BND. For additional features, visit the drawdowns tool.
Volatility
FTBD vs. BND - Volatility Comparison
Fidelity Tactical Bond ETF (FTBD) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.80% and 1.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.