MDT vs. FBND
MDT (Medtronic plc) is a stock, while FBND (Fidelity Total Bond ETF) is Intermediate Core-Plus Bond fund actively managed by Fidelity. Over the past 10 years, MDT returned 2.24%/yr vs 2.32%/yr for FBND. At a 0.11 correlation, their price movements are largely independent.
Performance
MDT vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -11.80% return, which is significantly lower than FBND's 0.27% return. Both investments have delivered pretty close results over the past 10 years, with MDT having a 2.24% annualized return and FBND not far ahead at 2.32%.
MDT
- 1D
- 0.11%
- 1M
- 5.93%
- 6M
- -12.44%
- YTD
- -11.80%
- 1Y
- -4.03%
- 3Y*
- 1.10%
- 5Y*
- -5.17%
- 10Y*
- 2.24%
- ALL TIME*
- 13.23%
FBND
- 1D
- -0.26%
- 1M
- -0.60%
- 6M
- 0.12%
- YTD
- 0.27%
- 1Y
- 4.12%
- 3Y*
- 4.46%
- 5Y*
- 0.52%
- 10Y*
- 2.32%
- ALL TIME*
- 2.53%
MDT vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | -11.80% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
FBND Fidelity Total Bond ETF | 0.27% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between MDT and FBND is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.11 |
The correlation between MDT and FBND shifts across timeframes, from 0.11 (all time) to 0.23 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
MDT vs. FBND — Risk / Return Rank
MDT
FBND
MDT vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) 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.
| MDT | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.19 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 1.55 | -1.69 |
| Martin ratioReturn relative to average drawdown | -0.30 | 4.22 | -4.52 |
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Drawdowns
MDT vs. FBND - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for MDT and FBND.
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Drawdown Indicators
| MDT | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -17.25% | -40.38% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -2.66% | -26.24% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -5.61% | -23.29% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -17.25% | -27.85% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -17.25% | -27.85% |
Current DrawdownCurrent decline from peak | -27.93% | -1.65% | -26.28% |
Average DrawdownAverage peak-to-trough decline | -16.57% | -3.33% | -13.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.24% | 0.98% | +12.26% |
Volatility
MDT vs. FBND - Volatility Comparison
Medtronic plc (MDT) has a higher volatility of 10.04% compared to Fidelity Total Bond ETF (FBND) at 1.07%. This indicates that MDT'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
| MDT | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 1.07% | +8.97% |
Volatility (6M)Calculated over the trailing 6-month period | 18.91% | 2.92% | +15.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.34% | 3.80% | +19.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.34% | 5.93% | +16.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.45% | 6.10% | +17.35% |
Dividends
MDT vs. FBND - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.42%, less than FBND's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.72% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
MDT Medtronic plc | 3.42% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
Frequently Asked Questions
MDT and FBND have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDT has higher volatility (10.04%) compared to FBND (1.07%). In terms of maximum drawdown, MDT dropped -57.63% vs FBND's -17.25%.
FBND currently has the higher Sharpe Ratio (1.09 vs -0.17), 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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