Correlation
The correlation between HYFI and FBND is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
HYFI vs. FBND
Compare and contrast key facts about AB High Yield ETF (HYFI) and Fidelity Total Bond ETF (FBND).
HYFI and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYFI is an actively managed fund by AB Funds. It was launched on Jul 26, 2016. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HYFI or FBND.
Performance
HYFI vs. FBND - Performance Comparison
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Key characteristics
HYFI:
1.48
FBND:
1.19
HYFI:
1.97
FBND:
1.72
HYFI:
1.34
FBND:
1.21
HYFI:
1.46
FBND:
0.70
HYFI:
9.64
FBND:
3.35
HYFI:
0.96%
FBND:
1.92%
HYFI:
6.28%
FBND:
5.39%
HYFI:
-6.34%
FBND:
-17.25%
HYFI:
0.00%
FBND:
-3.00%
Returns By Period
In the year-to-date period, HYFI achieves a 2.93% return, which is significantly higher than FBND's 2.68% return.
HYFI
2.93%
1.97%
2.20%
8.83%
N/A
N/A
N/A
FBND
2.68%
-0.10%
0.89%
5.92%
2.51%
0.38%
2.30%
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HYFI vs. FBND - Expense Ratio Comparison
HYFI has a 0.40% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
HYFI vs. FBND — Risk-Adjusted Performance Rank
HYFI
FBND
HYFI vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB High Yield ETF (HYFI) and Fidelity Total Bond ETF (FBND). 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.
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Dividends
HYFI vs. FBND - Dividend Comparison
HYFI's dividend yield for the trailing twelve months is around 6.60%, more than FBND's 4.65% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
HYFI AB High Yield ETF | 6.60% | 6.58% | 4.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.65% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
HYFI vs. FBND - Drawdown Comparison
The maximum HYFI drawdown since its inception was -6.34%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for HYFI and FBND.
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Volatility
HYFI vs. FBND - Volatility Comparison
The current volatility for AB High Yield ETF (HYFI) is 1.17%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.50%. This indicates that HYFI experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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