MBSD vs. FBND
Compare and contrast key facts about FlexShares Disciplined Duration MBS Index Fund (MBSD) and Fidelity Total Bond ETF (FBND).
MBSD and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBSD is a passively managed fund by Northern Trust that tracks the performance of the ICE BofA Constrained Duration US Mortgage Backed Securities. It was launched on Sep 4, 2014. 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: MBSD or FBND.
Correlation
The correlation between MBSD and FBND is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MBSD vs. FBND - Performance Comparison
Key characteristics
MBSD:
0.81
FBND:
0.92
MBSD:
1.23
FBND:
1.33
MBSD:
1.15
FBND:
1.16
MBSD:
0.49
FBND:
0.46
MBSD:
2.34
FBND:
2.56
MBSD:
1.92%
FBND:
1.89%
MBSD:
5.51%
FBND:
5.31%
MBSD:
-14.36%
FBND:
-17.25%
MBSD:
-3.99%
FBND:
-4.65%
Returns By Period
The year-to-date returns for both investments are quite close, with MBSD having a 0.92% return and FBND slightly higher at 0.93%. Over the past 10 years, MBSD has underperformed FBND with an annualized return of 0.90%, while FBND has yielded a comparatively higher 2.16% annualized return.
MBSD
0.92%
0.88%
-0.23%
4.61%
0.06%
0.90%
FBND
0.93%
0.82%
-0.87%
4.87%
0.55%
2.16%
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MBSD vs. FBND - Expense Ratio Comparison
MBSD has a 0.20% expense ratio, which is lower than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
MBSD vs. FBND — Risk-Adjusted Performance Rank
MBSD
FBND
MBSD vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Disciplined Duration MBS Index Fund (MBSD) 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.
Dividends
MBSD vs. FBND - Dividend Comparison
MBSD's dividend yield for the trailing twelve months is around 3.90%, less than FBND's 4.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBSD FlexShares Disciplined Duration MBS Index Fund | 3.90% | 3.91% | 3.39% | 3.04% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 2.78% | 2.49% | 0.83% |
FBND Fidelity Total Bond ETF | 4.64% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
MBSD vs. FBND - Drawdown Comparison
The maximum MBSD drawdown since its inception was -14.36%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for MBSD and FBND. For additional features, visit the drawdowns tool.
Volatility
MBSD vs. FBND - Volatility Comparison
The current volatility for FlexShares Disciplined Duration MBS Index Fund (MBSD) is 1.23%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.37%. This indicates that MBSD 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.