FYBTX vs. VTBNX
Compare and contrast key facts about Fidelity Series Short-Term Credit Fund (FYBTX) and Vanguard Total Bond Market II Index Fund (VTBNX).
FYBTX is managed by Fidelity. It was launched on Mar 27, 2015. VTBNX is managed by Vanguard.
Performance
FYBTX vs. VTBNX - Performance Comparison
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FYBTX vs. VTBNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FYBTX Fidelity Series Short-Term Credit Fund | 0.00% | 5.72% | 5.13% | 6.08% | -3.50% | -0.54% | 3.99% | 5.07% | 1.66% | 1.50% |
VTBNX Vanguard Total Bond Market II Index Fund | -0.39% | 7.18% | 1.32% | 5.68% | -13.12% | -1.82% | 7.39% | 8.71% | -0.27% | 3.62% |
Returns By Period
Over the past 10 years, FYBTX has outperformed VTBNX with an annualized return of 2.52%, while VTBNX has yielded a comparatively lower 1.58% annualized return.
FYBTX
- 1D
- 0.10%
- 1M
- -0.70%
- YTD
- 0.00%
- 6M
- 1.06%
- 1Y
- 3.89%
- 3Y*
- 5.06%
- 5Y*
- 2.62%
- 10Y*
- 2.52%
VTBNX
- 1D
- 0.21%
- 1M
- -1.65%
- YTD
- -0.39%
- 6M
- 0.40%
- 1Y
- 3.62%
- 3Y*
- 3.47%
- 5Y*
- 0.19%
- 10Y*
- 1.58%
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FYBTX vs. VTBNX - Expense Ratio Comparison
FYBTX has a 0.00% expense ratio, which is lower than VTBNX's 0.02% 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. VTBNX — Risk / Return Rank
FYBTX
VTBNX
FYBTX vs. VTBNX - 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 II Index Fund (VTBNX). 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 | VTBNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 0.90 | +1.08 |
Sortino ratioReturn per unit of downside risk | 3.55 | 1.30 | +2.25 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.16 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 3.68 | 1.65 | +2.03 |
Martin ratioReturn relative to average drawdown | 13.27 | 4.63 | +8.64 |
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 | VTBNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 0.90 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 0.03 | +1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.33 | 0.32 | +1.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.37 | +0.99 |
Correlation
The correlation between FYBTX and VTBNX 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. VTBNX - Dividend Comparison
FYBTX's dividend yield for the trailing twelve months is around 4.34%, more than VTBNX's 3.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTBNX Vanguard Total Bond Market II Index Fund | 3.68% | 3.95% | 3.77% | 3.13% | 2.54% | 1.82% | 3.12% | 2.79% | 2.56% | 2.52% | 2.55% |
Drawdowns
FYBTX vs. VTBNX - Drawdown Comparison
The maximum FYBTX drawdown since its inception was -6.00%, smaller than the maximum VTBNX drawdown of -18.71%. Use the drawdown chart below to compare losses from any high point for FYBTX and VTBNX.
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Drawdown Indicators
| FYBTX | VTBNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.00% | -18.71% | +12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.19% | -2.67% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -6.00% | -18.05% | +12.05% |
Max Drawdown (10Y)Largest decline over 10 years | -6.00% | -18.71% | +12.71% |
Current DrawdownCurrent decline from peak | -0.89% | -2.91% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -4.91% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 0.95% | -0.62% |
Volatility
FYBTX vs. VTBNX - Volatility Comparison
The current volatility for Fidelity Series Short-Term Credit Fund (FYBTX) is 0.53%, while Vanguard Total Bond Market II Index Fund (VTBNX) has a volatility of 1.52%. This indicates that FYBTX experiences smaller price fluctuations and is considered to be less risky than VTBNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FYBTX | VTBNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.52% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 2.54% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.05% | 4.31% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.16% | 5.92% | -3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.90% | 4.91% | -3.01% |