MPBFX vs. FTHRX
MPBFX (BNY Mellon Bond Fund) and FTHRX (Fidelity Intermediate Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, MPBFX returned 1.53%/yr vs 1.96%/yr for FTHRX. Their correlation of 0.87 suggests significant overlap in exposure. MPBFX charges 0.55%/yr vs 0.45%/yr for FTHRX.
Performance
MPBFX vs. FTHRX - Performance Comparison
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Returns By Period
In the year-to-date period, MPBFX achieves a 0.21% return, which is significantly higher than FTHRX's -0.14% return. Over the past 10 years, MPBFX has underperformed FTHRX with an annualized return of 1.53%, while FTHRX has yielded a comparatively higher 1.96% annualized return.
MPBFX
- 1D
- 0.18%
- 1M
- 0.68%
- YTD
- 0.21%
- 6M
- 0.12%
- 1Y
- 3.76%
- 3Y*
- 3.76%
- 5Y*
- -0.22%
- 10Y*
- 1.53%
FTHRX
- 1D
- 0.10%
- 1M
- 0.32%
- YTD
- -0.14%
- 6M
- 0.16%
- 1Y
- 3.12%
- 3Y*
- 4.54%
- 5Y*
- 1.04%
- 10Y*
- 1.96%
MPBFX vs. FTHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPBFX BNY Mellon Bond Fund | 0.21% | 7.20% | 1.08% | 5.48% | -13.55% | -1.50% | 7.87% | 8.82% | -0.53% | 3.91% |
FTHRX Fidelity Intermediate Bond Fund | -0.14% | 6.89% | 3.25% | 5.55% | -9.17% | -1.60% | 7.06% | 7.20% | 0.52% | 2.31% |
Correlation
The correlation between MPBFX and FTHRX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.87 |
The correlation between MPBFX and FTHRX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
MPBFX vs. FTHRX — Risk / Return Rank
MPBFX
FTHRX
MPBFX vs. FTHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Bond Fund (MPBFX) and Fidelity Intermediate Bond Fund (FTHRX). 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.
| MPBFX | FTHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.59 | -0.17 |
| Martin ratioReturn relative to average drawdown | 4.01 | 4.36 | -0.35 |
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Drawdowns
MPBFX vs. FTHRX - Drawdown Comparison
The maximum MPBFX drawdown since its inception was -18.40%, roughly equal to the maximum FTHRX drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for MPBFX and FTHRX.
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Drawdown Indicators
| MPBFX | FTHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -19.01% | +0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -2.11% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -2.68% | -3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -13.18% | -5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | -13.25% | -5.15% |
Current DrawdownCurrent decline from peak | -2.54% | -1.38% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -3.06% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.76% | +0.25% |
Volatility
MPBFX vs. FTHRX - Volatility Comparison
BNY Mellon Bond Fund (MPBFX) has a higher volatility of 1.16% compared to Fidelity Intermediate Bond Fund (FTHRX) at 0.88%. This indicates that MPBFX's price experiences larger fluctuations and is considered to be riskier than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPBFX | FTHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 0.88% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.08% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 2.79% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.86% | 4.04% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 3.40% | +1.45% |
MPBFX vs. FTHRX - Expense Ratio Comparison
MPBFX has a 0.55% expense ratio, which is higher than FTHRX's 0.45% expense ratio.
Dividends
MPBFX vs. FTHRX - Dividend Comparison
MPBFX's dividend yield for the trailing twelve months is around 3.82%, more than FTHRX's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHRX Fidelity Intermediate Bond Fund | 3.70% | 3.59% | 3.49% | 2.94% | 1.55% | 1.53% | 4.16% | 2.49% | 2.48% | 2.20% | 2.63% | 2.13% |
MPBFX BNY Mellon Bond Fund | 3.82% | 3.82% | 3.70% | 3.17% | 2.86% | 2.33% | 4.64% | 2.87% | 3.00% | 2.89% | 3.12% | 2.77% |
Frequently Asked Questions
MPBFX and FTHRX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPBFX has higher volatility (1.16%) compared to FTHRX (0.88%). In terms of maximum drawdown, MPBFX dropped -18.40% vs FTHRX's -19.01%.
FTHRX currently has the higher Sharpe Ratio (1.20 vs 1.08), 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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