FTBFX vs. FBNDX
Compare and contrast key facts about Fidelity Total Bond Fund (FTBFX) and Fidelity Investment Grade Bond Fund (FBNDX).
FTBFX is managed by Fidelity. It was launched on Oct 15, 2002. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTBFX or FBNDX.
Key characteristics
| FTBFX | FBNDX | |
|---|---|---|
| YTD Return | 3.02% | 1.93% |
| 1Y Return | 8.29% | 6.98% |
| 3Y Return (Ann) | -1.22% | -1.95% |
| 5Y Return (Ann) | 0.53% | -0.01% |
| 10Y Return (Ann) | 1.99% | 1.68% |
| Sharpe Ratio | 1.40 | 1.12 |
| Sortino Ratio | 2.11 | 1.67 |
| Omega Ratio | 1.26 | 1.20 |
| Calmar Ratio | 0.61 | 0.43 |
| Martin Ratio | 5.41 | 3.72 |
| Ulcer Index | 1.45% | 1.75% |
| Daily Std Dev | 5.54% | 5.83% |
| Max Drawdown | -18.19% | -27.42% |
| Current Drawdown | -5.67% | -9.43% |
Correlation
The correlation between FTBFX and FBNDX is 0.93, 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. FBNDX - Performance Comparison
In the year-to-date period, FTBFX achieves a 3.02% return, which is significantly higher than FBNDX's 1.93% return. Over the past 10 years, FTBFX has outperformed FBNDX with an annualized return of 1.99%, while FBNDX has yielded a comparatively lower 1.68% 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. FBNDX - Expense Ratio Comparison
Both FTBFX and FBNDX have an expense ratio of 0.45%.
Risk-Adjusted Performance
FTBFX vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond Fund (FTBFX) and Fidelity Investment Grade Bond Fund (FBNDX). 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. FBNDX - Dividend Comparison
FTBFX's dividend yield for the trailing twelve months is around 4.63%, more than FBNDX's 3.91% 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% |
FBNDX Fidelity Investment Grade Bond Fund | 3.91% | 3.56% | 2.67% | 1.53% | 2.18% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
FTBFX vs. FBNDX - Drawdown Comparison
The maximum FTBFX drawdown since its inception was -18.19%, smaller than the maximum FBNDX drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for FTBFX and FBNDX. For additional features, visit the drawdowns tool.
Volatility
FTBFX vs. FBNDX - Volatility Comparison
The current volatility for Fidelity Total Bond Fund (FTBFX) is 1.47%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.65%. This indicates that FTBFX experiences smaller price fluctuations and is considered to be less risky than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.