FTBD vs. FBND
Compare and contrast key facts about Fidelity Tactical Bond ETF (FTBD) and Fidelity Total Bond ETF (FBND).
FTBD and FBND 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTBD or FBND.
Key characteristics
| FTBD | FBND | |
|---|---|---|
| YTD Return | 2.86% | 2.94% |
| 1Y Return | 9.95% | 9.81% |
| Sharpe Ratio | 1.60 | 1.67 |
| Sortino Ratio | 2.36 | 2.45 |
| Omega Ratio | 1.29 | 1.30 |
| Calmar Ratio | 2.46 | 0.75 |
| Martin Ratio | 6.58 | 6.84 |
| Ulcer Index | 1.53% | 1.45% |
| Daily Std Dev | 6.31% | 5.97% |
| Max Drawdown | -6.98% | -17.25% |
| Current Drawdown | -2.97% | -4.78% |
Correlation
The correlation between FTBD and FBND 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. FBND - Performance Comparison
The year-to-date returns for both investments are quite close, with FTBD having a 2.86% return and FBND slightly higher at 2.94%. 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. FBND - Expense Ratio Comparison
FTBD has a 0.55% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
FTBD vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) and Fidelity Total Bond ETF (FBND). 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. FBND - Dividend Comparison
FTBD's dividend yield for the trailing twelve months is around 4.90%, more than FBND's 4.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 4.90% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.57% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
FTBD vs. FBND - Drawdown Comparison
The maximum FTBD drawdown since its inception was -6.98%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FTBD and FBND. For additional features, visit the drawdowns tool.
Volatility
FTBD vs. FBND - Volatility Comparison
Fidelity Tactical Bond ETF (FTBD) has a higher volatility of 1.74% compared to Fidelity Total Bond ETF (FBND) at 1.57%. This indicates that FTBD's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.