FXNAX vs. VBIPX
Compare and contrast key facts about Fidelity U.S. Bond Index Fund (FXNAX) and Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX).
FXNAX is managed by Fidelity. VBIPX is managed by Vanguard. It was launched on Sep 29, 2011.
Performance
FXNAX vs. VBIPX - Performance Comparison
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FXNAX vs. VBIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | -0.26% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 3.50% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | -0.22% | 6.12% | 3.78% | 4.45% | -5.68% | -1.17% | 4.73% | 4.89% | 1.38% | 1.21% |
Returns By Period
In the year-to-date period, FXNAX achieves a -0.26% return, which is significantly lower than VBIPX's -0.22% return. Over the past 10 years, FXNAX has underperformed VBIPX with an annualized return of 1.54%, while VBIPX has yielded a comparatively higher 1.88% annualized return.
FXNAX
- 1D
- 0.19%
- 1M
- -1.60%
- YTD
- -0.26%
- 6M
- 0.47%
- 1Y
- 3.69%
- 3Y*
- 3.52%
- 5Y*
- 0.10%
- 10Y*
- 1.54%
VBIPX
- 1D
- 0.10%
- 1M
- -0.87%
- YTD
- -0.22%
- 6M
- 0.78%
- 1Y
- 3.67%
- 3Y*
- 4.03%
- 5Y*
- 1.52%
- 10Y*
- 1.88%
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FXNAX vs. VBIPX - Expense Ratio Comparison
FXNAX has a 0.03% expense ratio, which is lower than VBIPX's 0.04% 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%.
Return for Risk
FXNAX vs. VBIPX — Risk / Return Rank
FXNAX
VBIPX
FXNAX vs. VBIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity U.S. Bond Index Fund (FXNAX) and Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX). 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.
| FXNAX | VBIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 1.59 | -0.66 |
Sortino ratioReturn per unit of downside risk | 1.33 | 2.60 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.73 | -1.07 |
Martin ratioReturn relative to average drawdown | 4.68 | 9.97 | -5.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXNAX | VBIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 1.59 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.52 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.79 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.78 | -0.33 |
Correlation
The correlation between FXNAX and VBIPX is 0.80, 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.
Dividends
FXNAX vs. VBIPX - Dividend Comparison
FXNAX's dividend yield for the trailing twelve months is around 3.34%, less than VBIPX's 3.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 3.34% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 3.62% | 3.86% | 3.40% | 2.01% | 1.40% | 1.26% | 1.82% | 2.27% | 2.04% | 1.69% | 1.53% | 1.46% |
Drawdowns
FXNAX vs. VBIPX - Drawdown Comparison
The maximum FXNAX drawdown since its inception was -19.51%, which is greater than VBIPX's maximum drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for FXNAX and VBIPX.
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Drawdown Indicators
| FXNAX | VBIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.51% | -8.72% | -10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -1.54% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -8.69% | -9.85% |
Max Drawdown (10Y)Largest decline over 10 years | -19.51% | -8.72% | -10.79% |
Current DrawdownCurrent decline from peak | -3.53% | -1.16% | -2.37% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -1.19% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.42% | +0.54% |
Volatility
FXNAX vs. VBIPX - Volatility Comparison
Fidelity U.S. Bond Index Fund (FXNAX) has a higher volatility of 1.55% compared to Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) at 0.73%. This indicates that FXNAX's price experiences larger fluctuations and is considered to be riskier than VBIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXNAX | VBIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 0.73% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 1.50% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.35% | 2.42% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 2.93% | +3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 2.39% | +2.60% |