OBIL vs. FBNDX
Compare and contrast key facts about US Treasury 12 Month Bill ETF (OBIL) and Fidelity Investment Grade Bond Fund (FBNDX).
OBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US 1-Year Treasury Bill Index - Benchmark TR Gross. It was launched on Nov 14, 2022. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Performance
OBIL vs. FBNDX - Performance Comparison
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OBIL vs. FBNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OBIL US Treasury 12 Month Bill ETF | 0.63% | 4.19% | 4.94% | 4.69% | 0.53% |
FBNDX Fidelity Investment Grade Bond Fund | -0.36% | 7.37% | 0.93% | 6.51% | 0.69% |
Returns By Period
In the year-to-date period, OBIL achieves a 0.63% return, which is significantly higher than FBNDX's -0.36% return.
OBIL
- 1D
- 0.00%
- 1M
- 0.15%
- YTD
- 0.63%
- 6M
- 1.56%
- 1Y
- 3.80%
- 3Y*
- 4.41%
- 5Y*
- —
- 10Y*
- —
FBNDX
- 1D
- 0.14%
- 1M
- -1.76%
- YTD
- -0.36%
- 6M
- 0.36%
- 1Y
- 3.63%
- 3Y*
- 3.61%
- 5Y*
- 0.18%
- 10Y*
- 2.22%
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OBIL vs. FBNDX - Expense Ratio Comparison
OBIL has a 0.15% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Return for Risk
OBIL vs. FBNDX — Risk / Return Rank
OBIL
FBNDX
OBIL vs. FBNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 12 Month Bill ETF (OBIL) and Fidelity Investment Grade Bond Fund (FBNDX). 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.
| OBIL | FBNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.62 | 0.86 | +5.76 |
Sortino ratioReturn per unit of downside risk | 14.13 | 1.24 | +12.89 |
Omega ratioGain probability vs. loss probability | 3.32 | 1.15 | +2.17 |
Calmar ratioReturn relative to maximum drawdown | 27.56 | 1.58 | +25.98 |
Martin ratioReturn relative to average drawdown | 108.39 | 4.56 | +103.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OBIL | FBNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.62 | 0.86 | +5.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 5.35 | 0.53 | +4.83 |
Correlation
The correlation between OBIL and FBNDX is 0.55, 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.
Dividends
OBIL vs. FBNDX - Dividend Comparison
OBIL's dividend yield for the trailing twelve months is around 3.70%, more than FBNDX's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBIL US Treasury 12 Month Bill ETF | 3.70% | 3.83% | 4.56% | 4.92% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBNDX Fidelity Investment Grade Bond Fund | 3.58% | 3.87% | 3.34% | 3.56% | 1.98% | 1.34% | 4.70% | 2.75% | 2.86% | 2.18% | 2.72% | 2.66% |
Drawdowns
OBIL vs. FBNDX - Drawdown Comparison
The maximum OBIL drawdown since its inception was -0.33%, smaller than the maximum FBNDX drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for OBIL and FBNDX.
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Drawdown Indicators
| OBIL | FBNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.33% | -42.76% | +42.43% |
Max Drawdown (1Y)Largest decline over 1 year | -0.14% | -2.88% | +2.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.74% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.31% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -10.37% | +10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 1.00% | -0.96% |
Volatility
OBIL vs. FBNDX - Volatility Comparison
The current volatility for US Treasury 12 Month Bill ETF (OBIL) is 0.21%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.62%. This indicates that OBIL experiences smaller price fluctuations and is considered to be less risky than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBIL | FBNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 1.62% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | 2.74% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.58% | 4.62% | -4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.84% | 6.00% | -5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.84% | 5.00% | -4.16% |