FTBFX vs. FBND
FTBFX (Fidelity Total Bond Fund) and FBND (Fidelity Total Bond ETF) are both Intermediate Core-Plus Bond funds from Fidelity. Both are actively managed. Over the past 10 years, FTBFX returned 2.16%/yr vs 2.27%/yr for FBND. Their correlation of 0.84 means they have usually moved in the same direction. FTBFX charges 0.45%/yr vs 0.36%/yr for FBND.
Performance
FTBFX vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, FTBFX achieves a -0.46% return, which is significantly lower than FBND's -0.33% return. Over the past 10 years, FTBFX has underperformed FBND with an annualized return of 2.16%, while FBND has yielded a comparatively higher 2.27% annualized return.
FTBFX
- 1D
- 0.11%
- 1M
- -1.26%
- 6M
- -0.69%
- YTD
- -0.46%
- 1Y
- 2.07%
- 3Y*
- 4.27%
- 5Y*
- 0.12%
- 10Y*
- 2.16%
- ALL TIME*
- 3.88%
FBND
- 1D
- -0.27%
- 1M
- -1.26%
- 6M
- -0.60%
- YTD
- -0.33%
- 1Y
- 2.08%
- 3Y*
- 4.55%
- 5Y*
- 0.31%
- 10Y*
- 2.27%
- ALL TIME*
- 2.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $133.84M | $127.41M | $124.15M | |
| $0.00 | $0.00 | $0.00 |
FTBFX vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTBFX Fidelity Total Bond Fund | -0.46% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
FBND Fidelity Total Bond ETF | -0.33% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between FTBFX and FBND is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.84 |
The correlation between FTBFX and FBND has been stable across timeframes, ranging from 0.84 to 0.94 - a consistent structural relationship.
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Return for Risk
FTBFX vs. FBND — Risk / Return Rank
FTBFX
FBND
FTBFX vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond Fund (FTBFX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FTBFX | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.13 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.09 | +0.02 |
| Martin ratioReturn relative to average drawdown | 2.83 | 2.77 | +0.06 |
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Drawdowns
FTBFX vs. FBND - Drawdown Comparison
The maximum FTBFX drawdown since its inception was -18.25%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FTBFX and FBND.
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Drawdown Indicators
| FTBFX | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.25% | -17.25% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -2.66% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -4.95% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -18.25% | -17.25% | -1.00% |
Max Drawdown (10Y)Largest decline over 10 years | -18.25% | -17.25% | -1.00% |
Current DrawdownCurrent decline from peak | -2.31% | -2.24% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -3.32% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.05% | +0.08% |
Volatility
FTBFX vs. FBND - Volatility Comparison
Fidelity Total Bond Fund (FTBFX) has a higher volatility of 1.04% compared to Fidelity Total Bond ETF (FBND) at 0.95%. This indicates that FTBFX'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.
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Volatility by Period
| FTBFX | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.95% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 2.94% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 3.77% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 5.93% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 6.10% | -1.36% |
FTBFX vs. FBND - Expense Ratio Comparison
FTBFX has a 0.45% expense ratio, which is higher than FBND's 0.36% expense ratio.
Dividends
FTBFX vs. FBND - Dividend Comparison
FTBFX's dividend yield for the trailing twelve months is around 4.03%, less than FBND's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.77% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
FTBFX Fidelity Total Bond Fund | 4.03% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Frequently Asked Questions
With a correlation of 0.92, FTBFX and FBND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FTBFX has higher volatility (1.04%) compared to FBND (0.95%). In terms of maximum drawdown, FTBFX dropped -18.25% vs FBND's -17.25%.
FTBFX currently has the higher Sharpe Ratio (0.86 vs 0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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