FXNAX vs. BND
Compare and contrast key facts about Fidelity U.S. Bond Index Fund (FXNAX) and Vanguard Total Bond Market ETF (BND).
FXNAX is managed by Fidelity. 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: FXNAX or BND.
Performance
FXNAX vs. BND - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FXNAX having a 1.62% return and BND slightly higher at 1.66%. Over the past 10 years, FXNAX has underperformed BND with an annualized return of 1.27%, while BND has yielded a comparatively higher 1.39% annualized return.
FXNAX
1.62%
-0.77%
3.32%
6.17%
-0.52%
1.27%
BND
1.66%
-0.79%
3.22%
6.06%
-0.33%
1.39%
Key characteristics
| FXNAX | BND | |
|---|---|---|
| Sharpe Ratio | 0.98 | 1.09 |
| Sortino Ratio | 1.47 | 1.59 |
| Omega Ratio | 1.17 | 1.19 |
| Calmar Ratio | 0.38 | 0.42 |
| Martin Ratio | 3.04 | 3.51 |
| Ulcer Index | 1.82% | 1.75% |
| Daily Std Dev | 5.69% | 5.65% |
| Max Drawdown | -19.64% | -18.84% |
| Current Drawdown | -10.08% | -9.11% |
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FXNAX vs. BND - Expense Ratio Comparison
FXNAX has a 0.03% expense ratio, which is lower than BND's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between FXNAX and BND 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.
Risk-Adjusted Performance
FXNAX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Bond Index Fund (FXNAX) 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
FXNAX vs. BND - Dividend Comparison
FXNAX's dividend yield for the trailing twelve months is around 3.32%, less than BND's 3.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 3.32% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
BND Vanguard Total Bond Market ETF | 3.57% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
FXNAX vs. BND - Drawdown Comparison
The maximum FXNAX drawdown since its inception was -19.64%, roughly equal to the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for FXNAX and BND. For additional features, visit the drawdowns tool.
Volatility
FXNAX vs. BND - Volatility Comparison
Fidelity U.S. Bond Index Fund (FXNAX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.45% and 1.52%, 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.