NOBOX vs. FTBFX
Compare and contrast key facts about Northern Bond Index Fund (NOBOX) and Fidelity Total Bond Fund (FTBFX).
NOBOX is managed by Northern Funds. It was launched on Feb 27, 2007. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOBOX or FTBFX.
Correlation
The correlation between NOBOX and FTBFX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NOBOX vs. FTBFX - Performance Comparison
Key characteristics
NOBOX:
0.13
FTBFX:
0.43
NOBOX:
0.21
FTBFX:
0.63
NOBOX:
1.03
FTBFX:
1.08
NOBOX:
0.05
FTBFX:
0.21
NOBOX:
0.34
FTBFX:
1.35
NOBOX:
2.07%
FTBFX:
1.68%
NOBOX:
5.55%
FTBFX:
5.31%
NOBOX:
-19.74%
FTBFX:
-18.19%
NOBOX:
-11.04%
FTBFX:
-6.37%
Returns By Period
In the year-to-date period, NOBOX achieves a 0.27% return, which is significantly lower than FTBFX's 2.26% return. Over the past 10 years, NOBOX has underperformed FTBFX with an annualized return of 1.05%, while FTBFX has yielded a comparatively higher 1.95% annualized return.
NOBOX
0.27%
-0.88%
0.25%
0.71%
-0.81%
1.05%
FTBFX
2.26%
-0.95%
0.97%
2.47%
0.26%
1.95%
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NOBOX vs. FTBFX - Expense Ratio Comparison
NOBOX has a 0.07% expense ratio, which is lower than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
NOBOX vs. FTBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Bond Index Fund (NOBOX) and Fidelity Total Bond Fund (FTBFX). 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
NOBOX vs. FTBFX - Dividend Comparison
NOBOX's dividend yield for the trailing twelve months is around 3.15%, less than FTBFX's 4.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBOX Northern Bond Index Fund | 3.15% | 3.20% | 2.76% | 2.10% | 2.35% | 2.83% | 2.82% | 2.77% | 2.74% | 2.69% | 4.19% | 4.34% |
FTBFX Fidelity Total Bond Fund | 4.27% | 4.15% | 3.34% | 2.19% | 2.53% | 2.95% | 3.19% | 2.74% | 2.95% | 3.71% | 2.99% | 3.91% |
Drawdowns
NOBOX vs. FTBFX - Drawdown Comparison
The maximum NOBOX drawdown since its inception was -19.74%, which is greater than FTBFX's maximum drawdown of -18.19%. Use the drawdown chart below to compare losses from any high point for NOBOX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
NOBOX vs. FTBFX - Volatility Comparison
The current volatility for Northern Bond Index Fund (NOBOX) is 1.47%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.59%. This indicates that NOBOX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.