FYBTX vs. VBMPX
Compare and contrast key facts about Fidelity Series Short-Term Credit Fund (FYBTX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX).
FYBTX is managed by Fidelity. It was launched on Mar 27, 2015. VBMPX is managed by Vanguard. It was launched on Feb 5, 2010.
Performance
FYBTX vs. VBMPX - Performance Comparison
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FYBTX vs. VBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FYBTX Fidelity Series Short-Term Credit Fund | -0.10% | 5.72% | 5.13% | 6.08% | -3.50% | -0.54% | 3.99% | 5.07% | 1.66% | 1.50% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | -0.49% | 7.18% | 1.27% | 5.75% | -13.14% | -1.95% | 7.75% | 8.74% | -0.24% | 3.58% |
Returns By Period
In the year-to-date period, FYBTX achieves a -0.10% return, which is significantly higher than VBMPX's -0.49% return. Over the past 10 years, FYBTX has outperformed VBMPX with an annualized return of 2.51%, while VBMPX has yielded a comparatively lower 1.60% annualized return.
FYBTX
- 1D
- 0.10%
- 1M
- -0.99%
- YTD
- -0.10%
- 6M
- 1.06%
- 1Y
- 3.89%
- 3Y*
- 5.03%
- 5Y*
- 2.60%
- 10Y*
- 2.51%
VBMPX
- 1D
- 0.52%
- 1M
- -2.23%
- YTD
- -0.49%
- 6M
- 0.50%
- 1Y
- 3.78%
- 3Y*
- 3.46%
- 5Y*
- 0.25%
- 10Y*
- 1.60%
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FYBTX vs. VBMPX - Expense Ratio Comparison
FYBTX has a 0.00% expense ratio, which is lower than VBMPX'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%.
Return for Risk
FYBTX vs. VBMPX — Risk / Return Rank
FYBTX
VBMPX
FYBTX vs. VBMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Short-Term Credit Fund (FYBTX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX). 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.
| FYBTX | VBMPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 1.00 | +1.09 |
Sortino ratioReturn per unit of downside risk | 3.79 | 1.45 | +2.34 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.18 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 3.68 | 1.79 | +1.89 |
Martin ratioReturn relative to average drawdown | 13.46 | 5.11 | +8.36 |
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
| FYBTX | VBMPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 1.00 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 0.04 | +1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.33 | 0.32 | +1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.51 | +0.84 |
Correlation
The correlation between FYBTX and VBMPX is 0.71, 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
FYBTX vs. VBMPX - Dividend Comparison
FYBTX's dividend yield for the trailing twelve months is around 4.34%, more than VBMPX's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYBTX Fidelity Series Short-Term Credit Fund | 4.34% | 4.66% | 3.67% | 2.76% | 1.26% | 1.65% | 2.31% | 2.72% | 2.45% | 1.59% | 1.24% | 0.00% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.63% | 3.88% | 3.69% | 3.11% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.58% | 2.55% | 2.85% |
Drawdowns
FYBTX vs. VBMPX - Drawdown Comparison
The maximum FYBTX drawdown since its inception was -6.00%, smaller than the maximum VBMPX drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for FYBTX and VBMPX.
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Drawdown Indicators
| FYBTX | VBMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.00% | -18.90% | +12.90% |
Max Drawdown (1Y)Largest decline over 1 year | -1.19% | -2.73% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -6.00% | -18.12% | +12.12% |
Max Drawdown (10Y)Largest decline over 10 years | -6.00% | -18.90% | +12.90% |
Current DrawdownCurrent decline from peak | -0.99% | -3.13% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -3.54% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 0.96% | -0.64% |
Volatility
FYBTX vs. VBMPX - Volatility Comparison
The current volatility for Fidelity Series Short-Term Credit Fund (FYBTX) is 0.53%, while Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) has a volatility of 1.55%. This indicates that FYBTX experiences smaller price fluctuations and is considered to be less risky than VBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FYBTX | VBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.55% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 2.59% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 4.37% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 5.99% | -3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.90% | 4.97% | -3.07% |