MCI vs. FBND
MCI (Barings Corporate Investors) is a stock, while FBND (Fidelity Total Bond ETF) is Intermediate Core-Plus Bond fund actively managed by Fidelity. Over the past 10 years, MCI returned 7.02%/yr vs 2.27%/yr for FBND. Their 0.06 correlation means their historical movements had little consistent relationship.
Performance
MCI vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, MCI achieves a -6.85% return, which is significantly lower than FBND's -0.33% return. Over the past 10 years, MCI has outperformed FBND with an annualized return of 7.02%, while FBND has yielded a comparatively lower 2.27% annualized return.
MCI
- 1D
- -0.77%
- 1M
- -4.77%
- 6M
- -18.32%
- YTD
- -6.85%
- 1Y
- -13.22%
- 3Y*
- 11.53%
- 5Y*
- 9.80%
- 10Y*
- 7.02%
- ALL TIME*
- 11.72%
FBND
- 1D
- -0.27%
- 1M
- -1.26%
- 6M
- -0.60%
- YTD
- -0.33%
- 1Y
- 2.08%
- 3Y*
- 4.55%
- 5Y*
- 0.31%
- 10Y*
- 2.27%
- ALL TIME*
- 2.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $133.84M | $127.41M | $124.15M | |
| $408.97K | $428.59K | $599.69K |
MCI vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCI Barings Corporate Investors | -6.85% | -3.74% | 20.83% | 44.49% | -5.91% | 29.03% | -15.77% | 23.40% | 4.35% | 6.48% |
FBND Fidelity Total Bond ETF | -0.33% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between MCI and FBND is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.06 |
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Return for Risk
MCI vs. FBND — Risk / Return Rank
MCI
FBND
MCI vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings Corporate Investors (MCI) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MCI | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.13 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 1.09 | -1.70 |
| Martin ratioReturn relative to average drawdown | -1.06 | 2.77 | -3.83 |
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Drawdowns
MCI vs. FBND - Drawdown Comparison
The maximum MCI drawdown since its inception was -57.08%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for MCI and FBND.
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Drawdown Indicators
| MCI | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.08% | -17.25% | -39.83% |
Max Drawdown (1Y)Largest decline over 1 year | -23.76% | -2.66% | -21.10% |
Max Drawdown (3Y)Largest decline over 3 years | -27.58% | -4.95% | -22.63% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -17.25% | -10.33% |
Max Drawdown (10Y)Largest decline over 10 years | -44.64% | -17.25% | -27.39% |
Current DrawdownCurrent decline from peak | -26.91% | -2.24% | -24.67% |
Average DrawdownAverage peak-to-trough decline | -9.68% | -3.32% | -6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.77% | 1.05% | +12.72% |
Volatility
MCI vs. FBND - Volatility Comparison
Barings Corporate Investors (MCI) has a higher volatility of 3.96% compared to Fidelity Total Bond ETF (FBND) at 0.95%. This indicates that MCI's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCI | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 0.95% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 2.94% | +10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 3.77% | +17.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.91% | 5.93% | +15.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.60% | 6.10% | +18.50% |
Dividends
MCI vs. FBND - Dividend Comparison
MCI's dividend yield for the trailing twelve months is around 9.68%, more than FBND's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.77% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
MCI Barings Corporate Investors | 9.68% | 8.82% | 8.29% | 7.70% | 7.31% | 6.01% | 7.28% | 7.12% | 8.16% | 7.86% | 7.75% | 6.96% |
Frequently Asked Questions
MCI and FBND have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCI has higher volatility (3.96%) compared to FBND (0.95%). In terms of maximum drawdown, MCI dropped -57.08% vs FBND's -17.25%.
FBND currently has the higher Sharpe Ratio (0.77 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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