FTFMX vs. BND
Compare and contrast key facts about Fidelity New York Municipal Income Fund (FTFMX) and Vanguard Total Bond Market ETF (BND).
FTFMX is managed by Fidelity. It was launched on Jul 10, 1984. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTFMX or BND.
Key characteristics
| FTFMX | BND | |
|---|---|---|
| YTD Return | 2.00% | 2.40% |
| 1Y Return | 8.60% | 8.91% |
| 3Y Return (Ann) | -0.76% | -2.38% |
| 5Y Return (Ann) | 0.87% | 0.01% |
| 10Y Return (Ann) | 1.89% | 1.50% |
| Sharpe Ratio | 2.00 | 1.38 |
| Sortino Ratio | 2.94 | 2.03 |
| Omega Ratio | 1.46 | 1.24 |
| Calmar Ratio | 0.76 | 0.51 |
| Martin Ratio | 7.63 | 4.99 |
| Ulcer Index | 1.02% | 1.62% |
| Daily Std Dev | 3.93% | 5.85% |
| Max Drawdown | -19.44% | -18.84% |
| Current Drawdown | -3.10% | -8.44% |
Correlation
The correlation between FTFMX and BND is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FTFMX vs. BND - Performance Comparison
In the year-to-date period, FTFMX achieves a 2.00% return, which is significantly lower than BND's 2.40% return. Over the past 10 years, FTFMX has outperformed BND with an annualized return of 1.89%, while BND has yielded a comparatively lower 1.50% 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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FTFMX vs. BND - Expense Ratio Comparison
FTFMX has a 0.46% expense ratio, which is higher than BND's 0.03% expense ratio.
Risk-Adjusted Performance
FTFMX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New York Municipal Income Fund (FTFMX) and Vanguard Total Bond Market ETF (BND). 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
FTFMX vs. BND - Dividend Comparison
FTFMX's dividend yield for the trailing twelve months is around 2.76%, less than BND's 3.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTFMX Fidelity New York Municipal Income Fund | 2.76% | 2.63% | 2.48% | 2.16% | 2.30% | 2.46% | 2.68% | 2.78% | 3.03% | 4.05% | 3.42% | 3.58% |
BND Vanguard Total Bond Market ETF | 3.55% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
FTFMX vs. BND - Drawdown Comparison
The maximum FTFMX drawdown since its inception was -19.44%, roughly equal to the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FTFMX and BND. For additional features, visit the drawdowns tool.
Volatility
FTFMX vs. BND - Volatility Comparison
Fidelity New York Municipal Income Fund (FTFMX) has a higher volatility of 1.98% compared to Vanguard Total Bond Market ETF (BND) at 1.67%. This indicates that FTFMX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.