FTBFX vs. FXNAX
Compare and contrast key facts about Fidelity Total Bond Fund (FTBFX) and Fidelity U.S. Bond Index Fund (FXNAX).
FTBFX is managed by Fidelity. It was launched on Oct 15, 2002. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTBFX or FXNAX.
Key characteristics
| FTBFX | FXNAX | |
|---|---|---|
| YTD Return | -0.53% | -1.25% |
| 1Y Return | 3.79% | 1.80% |
| 3Y Return (Ann) | -1.94% | -2.90% |
| 5Y Return (Ann) | 1.23% | 0.09% |
| 10Y Return (Ann) | 2.12% | 1.28% |
| Sharpe Ratio | 0.64 | 0.32 |
| Daily Std Dev | 6.26% | 6.58% |
| Max Drawdown | -17.61% | -18.64% |
| Current Drawdown | -8.28% | -11.54% |
Correlation
The correlation between FTBFX and FXNAX 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. FXNAX - Performance Comparison
In the year-to-date period, FTBFX achieves a -0.53% return, which is significantly higher than FXNAX's -1.25% return. Over the past 10 years, FTBFX has outperformed FXNAX with an annualized return of 2.12%, while FXNAX has yielded a comparatively lower 1.28% 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. FXNAX - Expense Ratio Comparison
FTBFX has a 0.45% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Risk-Adjusted Performance
FTBFX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond Fund (FTBFX) and Fidelity U.S. Bond Index Fund (FXNAX). 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. FXNAX - Dividend Comparison
FTBFX's dividend yield for the trailing twelve months is around 4.22%, more than FXNAX's 3.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTBFX Fidelity Total Bond Fund | 4.22% | 4.15% | 3.33% | 2.24% | 5.22% | 3.03% | 3.18% | 2.98% | 3.21% | 3.71% | 3.13% | 3.91% |
FXNAX Fidelity U.S. Bond Index Fund | 3.15% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% | 2.39% |
Drawdowns
FTBFX vs. FXNAX - Drawdown Comparison
The maximum FTBFX drawdown since its inception was -17.61%, smaller than the maximum FXNAX drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FTBFX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FTBFX vs. FXNAX - Volatility Comparison
Fidelity Total Bond Fund (FTBFX) has a higher volatility of 1.39% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.29%. This indicates that FTBFX's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.