FXNAX vs. FTBFX
Compare and contrast key facts about Fidelity U.S. Bond Index Fund (FXNAX) and Fidelity Total Bond Fund (FTBFX).
FXNAX is managed by Fidelity. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXNAX or FTBFX.
Key characteristics
| FXNAX | FTBFX | |
|---|---|---|
| YTD Return | -3.18% | -2.59% |
| 1Y Return | -0.76% | 1.00% |
| 3Y Return (Ann) | -3.61% | -2.64% |
| 5Y Return (Ann) | -0.18% | 0.91% |
| 10Y Return (Ann) | 1.13% | 1.95% |
| Sharpe Ratio | -0.31 | -0.03 |
| Daily Std Dev | 6.74% | 6.36% |
| Max Drawdown | -18.64% | -17.61% |
| Current Drawdown | -13.27% | -10.17% |
Correlation
The correlation between FXNAX and FTBFX 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
FXNAX vs. FTBFX - Performance Comparison
In the year-to-date period, FXNAX achieves a -3.18% return, which is significantly lower than FTBFX's -2.59% return. Over the past 10 years, FXNAX has underperformed FTBFX with an annualized return of 1.13%, while FTBFX has yielded a comparatively higher 1.95% 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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FXNAX vs. FTBFX - Expense Ratio Comparison
FXNAX has a 0.03% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
FXNAX vs. FTBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Bond Index Fund (FXNAX) and Fidelity Total Bond Fund (FTBFX). 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. FTBFX - Dividend Comparison
FXNAX's dividend yield for the trailing twelve months is around 2.92%, less than FTBFX's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 2.92% | 2.91% | 2.43% | 2.06% | 3.07% | 2.67% | 2.73% | 2.58% | 2.54% | 2.75% | 2.59% | 2.39% |
FTBFX Fidelity Total Bond Fund | 3.92% | 4.15% | 3.33% | 2.24% | 5.22% | 3.03% | 3.18% | 2.98% | 3.21% | 3.71% | 3.13% | 3.91% |
Drawdowns
FXNAX vs. FTBFX - Drawdown Comparison
The maximum FXNAX drawdown since its inception was -18.64%, which is greater than FTBFX's maximum drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for FXNAX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
FXNAX vs. FTBFX - Volatility Comparison
Fidelity U.S. Bond Index Fund (FXNAX) and Fidelity Total Bond Fund (FTBFX) have volatilities of 1.74% and 1.83%, 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.