FTBD vs. VFSTX
Compare and contrast key facts about Fidelity Tactical Bond ETF (FTBD) and Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX).
FTBD is an actively managed fund by Fidelity. It was launched on Jan 24, 2023. VFSTX is managed by Vanguard. It was launched on Oct 29, 1982.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTBD or VFSTX.
Key characteristics
| FTBD | VFSTX | |
|---|---|---|
| YTD Return | 3.10% | 4.54% |
| 1Y Return | 10.35% | 8.22% |
| Sharpe Ratio | 1.48 | 2.75 |
| Sortino Ratio | 2.16 | 4.49 |
| Omega Ratio | 1.27 | 1.58 |
| Calmar Ratio | 2.22 | 1.64 |
| Martin Ratio | 6.16 | 16.71 |
| Ulcer Index | 1.52% | 0.47% |
| Daily Std Dev | 6.36% | 2.87% |
| Max Drawdown | -6.98% | -9.68% |
| Current Drawdown | -2.75% | -0.89% |
Correlation
The correlation between FTBD and VFSTX is 0.80, 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. VFSTX - Performance Comparison
In the year-to-date period, FTBD achieves a 3.10% return, which is significantly lower than VFSTX's 4.54% 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. VFSTX - Expense Ratio Comparison
FTBD has a 0.55% expense ratio, which is higher than VFSTX's 0.20% expense ratio.
Risk-Adjusted Performance
FTBD vs. VFSTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) and Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX). 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. VFSTX - Dividend Comparison
FTBD's dividend yield for the trailing twelve months is around 4.89%, more than VFSTX's 3.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 4.89% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VFSTX Vanguard Short-Term Investment-Grade Fund Investor Shares | 3.91% | 3.04% | 1.93% | 1.62% | 2.24% | 2.81% | 2.67% | 1.99% | 1.97% | 1.98% | 1.89% | 1.82% |
Drawdowns
FTBD vs. VFSTX - Drawdown Comparison
The maximum FTBD drawdown since its inception was -6.98%, smaller than the maximum VFSTX drawdown of -9.68%. Use the drawdown chart below to compare losses from any high point for FTBD and VFSTX. For additional features, visit the drawdowns tool.
Volatility
FTBD vs. VFSTX - Volatility Comparison
Fidelity Tactical Bond ETF (FTBD) has a higher volatility of 1.74% compared to Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) at 0.83%. This indicates that FTBD's price experiences larger fluctuations and is considered to be riskier than VFSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.