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.
Performance
FTBD vs. VFSTX - Performance Comparison
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FTBD vs. VFSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 0.29% | 8.35% | 1.77% | 3.73% |
VFSTX Vanguard Short-Term Investment-Grade Fund Investor Shares | -0.40% | 6.75% | 4.98% | 4.80% |
Returns By Period
In the year-to-date period, FTBD achieves a 0.29% return, which is significantly higher than VFSTX's -0.40% return.
FTBD
- 1D
- 0.46%
- 1M
- -1.83%
- YTD
- 0.29%
- 6M
- 0.85%
- 1Y
- 5.74%
- 3Y*
- 4.63%
- 5Y*
- —
- 10Y*
- —
VFSTX
- 1D
- 0.19%
- 1M
- -1.42%
- YTD
- -0.40%
- 6M
- 0.73%
- 1Y
- 4.26%
- 3Y*
- 5.14%
- 5Y*
- 2.21%
- 10Y*
- 2.49%
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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.
Return for Risk
FTBD vs. VFSTX — Risk / Return Rank
FTBD
VFSTX
FTBD vs. VFSTX - Risk-Adjusted Trends 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.
| FTBD | VFSTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.90 | -0.66 |
Sortino ratioReturn per unit of downside risk | 1.77 | 3.11 | -1.35 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.42 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.03 | 2.90 | -0.87 |
Martin ratioReturn relative to average drawdown | 6.87 | 11.78 | -4.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTBD | VFSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.90 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.75 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.51 | -0.76 |
Correlation
The correlation between FTBD and VFSTX is 0.77, 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.
Dividends
FTBD vs. VFSTX - Dividend Comparison
FTBD's dividend yield for the trailing twelve months is around 5.08%, more than VFSTX's 4.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 5.08% | 5.04% | 4.76% | 4.69% | 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 | 4.20% | 4.48% | 4.06% | 3.05% | 1.93% | 1.70% | 2.24% | 2.83% | 2.68% | 2.00% | 2.04% | 1.99% |
Drawdowns
FTBD vs. VFSTX - Drawdown Comparison
The maximum FTBD drawdown since its inception was -6.98%, smaller than the maximum VFSTX drawdown of -9.35%. Use the drawdown chart below to compare losses from any high point for FTBD and VFSTX.
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Drawdown Indicators
| FTBD | VFSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.98% | -9.35% | +2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -1.71% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.35% | — |
Current DrawdownCurrent decline from peak | -1.83% | -1.42% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -1.12% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.42% | +0.46% |
Volatility
FTBD vs. VFSTX - Volatility Comparison
Fidelity Tactical Bond ETF (FTBD) has a higher volatility of 2.20% compared to Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) at 0.75%. 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.
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Volatility by Period
| FTBD | VFSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 0.75% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 1.49% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.67% | 2.51% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.94% | 2.94% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.94% | 2.46% | +3.48% |