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.
Correlation
The correlation between FTBD and FBND is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FTBD vs. FBND - Performance Comparison
Key characteristics
FTBD:
1.19
FBND:
1.32
FTBD:
1.73
FBND:
1.92
FTBD:
1.21
FBND:
1.23
FTBD:
1.36
FBND:
0.69
FTBD:
3.19
FBND:
3.81
FTBD:
2.11%
FBND:
1.88%
FTBD:
5.66%
FBND:
5.42%
FTBD:
-6.98%
FBND:
-17.25%
FTBD:
-1.65%
FBND:
-3.54%
Returns By Period
In the year-to-date period, FTBD achieves a 2.44% return, which is significantly higher than FBND's 2.10% return.
FTBD
2.44%
0.00%
1.02%
6.87%
N/A
N/A
FBND
2.10%
-0.21%
1.24%
7.22%
0.56%
2.11%
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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 Rank
FTBD
FBND
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 4.70%, more than FBND's 4.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 4.70% | 4.76% | 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 | 4.63% | 4.73% | 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
The current volatility for Fidelity Tactical Bond ETF (FTBD) is 2.18%, while Fidelity Total Bond ETF (FBND) has a volatility of 2.32%. This indicates that FTBD experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.