FTBFX vs. FBND
Compare and contrast key facts about Fidelity Total Bond Fund (FTBFX) and Fidelity Total Bond ETF (FBND).
FTBFX is managed by Fidelity. It was launched on Oct 15, 2002. 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: FTBFX or FBND.
Key characteristics
| FTBFX | FBND | |
|---|---|---|
| YTD Return | 3.02% | 2.31% |
| 1Y Return | 8.29% | 7.75% |
| 3Y Return (Ann) | -1.22% | -1.31% |
| 5Y Return (Ann) | 0.53% | 0.97% |
| 10Y Return (Ann) | 1.99% | 2.23% |
| Sharpe Ratio | 1.40 | 1.46 |
| Sortino Ratio | 2.11 | 2.11 |
| Omega Ratio | 1.26 | 1.26 |
| Calmar Ratio | 0.61 | 0.69 |
| Martin Ratio | 5.41 | 5.58 |
| Ulcer Index | 1.45% | 1.51% |
| Daily Std Dev | 5.54% | 5.80% |
| Max Drawdown | -18.19% | -17.25% |
| Current Drawdown | -5.67% | -5.36% |
Correlation
The correlation between FTBFX and FBND is 0.82, 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
FTBFX vs. FBND - Performance Comparison
In the year-to-date period, FTBFX achieves a 3.02% return, which is significantly higher than FBND's 2.31% return. Over the past 10 years, FTBFX has underperformed FBND with an annualized return of 1.99%, while FBND has yielded a comparatively higher 2.23% annualized 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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FTBFX vs. FBND - Expense Ratio Comparison
FTBFX has a 0.45% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
FTBFX vs. FBND - Risk-Adjusted Performance 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.
Dividends
FTBFX vs. FBND - Dividend Comparison
FTBFX's dividend yield for the trailing twelve months is around 4.63%, which matches FBND's 4.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTBFX Fidelity Total Bond Fund | 4.63% | 4.15% | 3.34% | 2.19% | 2.53% | 2.95% | 3.19% | 2.74% | 2.95% | 3.71% | 2.99% | 3.91% |
FBND Fidelity Total Bond ETF | 4.60% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% | 0.00% |
Drawdowns
FTBFX vs. FBND - Drawdown Comparison
The maximum FTBFX drawdown since its inception was -18.19%, 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. For additional features, visit the drawdowns tool.
Volatility
FTBFX vs. FBND - Volatility Comparison
Fidelity Total Bond Fund (FTBFX) and Fidelity Total Bond ETF (FBND) have volatilities of 1.47% and 1.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.