SLQD vs. FBND
SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - SLQD is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. SLQD is passively managed, while FBND is actively managed. Over the past 10 years, SLQD returned 2.71%/yr vs 2.54%/yr for FBND. A 0.67 correlation means they provide meaningful diversification when combined. SLQD charges 0.06%/yr vs 0.36%/yr for FBND.
Performance
SLQD vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, SLQD achieves a 1.01% return, which is significantly higher than FBND's 0.70% return. Over the past 10 years, SLQD has outperformed FBND with an annualized return of 2.71%, while FBND has yielded a comparatively lower 2.54% annualized return.
SLQD
- 1D
- -0.02%
- 1M
- 0.26%
- YTD
- 1.01%
- 6M
- 1.39%
- 1Y
- 4.39%
- 3Y*
- 5.51%
- 5Y*
- 2.53%
- 10Y*
- 2.71%
FBND
- 1D
- -0.13%
- 1M
- 0.43%
- YTD
- 0.70%
- 6M
- 1.04%
- 1Y
- 4.85%
- 3Y*
- 4.89%
- 5Y*
- 0.76%
- 10Y*
- 2.54%
SLQD vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 1.01% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 6.09% | 1.09% | 2.12% |
FBND Fidelity Total Bond ETF | 0.70% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Correlation
The correlation between SLQD and FBND 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 | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.67 |
The correlation between SLQD and FBND shifts across timeframes, from 0.67 (all time) to 0.86 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SLQD vs. FBND — Risk / Return Rank
SLQD
FBND
SLQD vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) 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.
| SLQD | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.22 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 1.83 | +2.32 |
| Martin ratioReturn relative to average drawdown | 18.78 | 5.32 | +13.45 |
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Drawdowns
SLQD vs. FBND - Drawdown Comparison
The maximum SLQD drawdown since its inception was -12.69%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for SLQD and FBND.
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Drawdown Indicators
| SLQD | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.69% | -17.25% | +4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.06% | -2.66% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -1.06% | -5.94% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -7.63% | -17.25% | +9.62% |
Max Drawdown (10Y)Largest decline over 10 years | -12.69% | -17.25% | +4.56% |
Current DrawdownCurrent decline from peak | -0.02% | -1.23% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -3.34% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.91% | -0.68% |
Volatility
SLQD vs. FBND - Volatility Comparison
The current volatility for iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is 0.53%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.35%. This indicates that SLQD experiences smaller price fluctuations and is considered to be less risky 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
| SLQD | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 1.35% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 2.81% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 3.83% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.44% | 5.92% | -3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.14% | 6.10% | -2.96% |
SLQD vs. FBND - Expense Ratio Comparison
SLQD has a 0.06% expense ratio, which is lower than FBND's 0.36% expense ratio.
Dividends
SLQD vs. FBND - Dividend Comparison
SLQD's dividend yield for the trailing twelve months is around 4.31%, less than FBND's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.69% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.31% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
Frequently Asked Questions
SLQD and FBND 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.
FBND has higher volatility (1.35%) compared to SLQD (0.53%). In terms of maximum drawdown, SLQD dropped -12.69% vs FBND's -17.25%.
On 10-year performance, SLQD leads with 2.71% vs 2.54% for FBND. On fees, SLQD is cheaper at 0.06% per year. On volatility, SLQD has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SLQD has performed better with a 2.71% return vs 2.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLQD is cheaper with a 0.06% expense ratio, compared with 0.36% for FBND.
FBND has the higher dividend yield at 4.69%, compared with 4.31% for SLQD.
SLQD is categorized as Corporate Bonds, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.06% for SLQD and 0.36% for FBND.
SLQD currently has the higher Sharpe Ratio (2.96 vs 1.27), 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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