TOTR vs. FBND
Compare and contrast key facts about T. Rowe Price Total Return ETF (TOTR) and Fidelity Total Bond ETF (FBND).
TOTR and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOTR is an actively managed fund by T. Rowe Price. It was launched on Sep 28, 2021. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOTR or FBND.
Key characteristics
| TOTR | FBND | |
|---|---|---|
| YTD Return | 3.07% | 2.94% |
| 1Y Return | 9.76% | 9.81% |
| 3Y Return (Ann) | -2.68% | -1.19% |
| Sharpe Ratio | 1.65 | 1.67 |
| Sortino Ratio | 2.45 | 2.45 |
| Omega Ratio | 1.30 | 1.30 |
| Calmar Ratio | 0.59 | 0.75 |
| Martin Ratio | 6.52 | 6.84 |
| Ulcer Index | 1.51% | 1.45% |
| Daily Std Dev | 5.95% | 5.97% |
| Max Drawdown | -19.63% | -17.25% |
| Current Drawdown | -8.44% | -4.78% |
Correlation
The correlation between TOTR and FBND is 0.94, 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
TOTR vs. FBND - Performance Comparison
The year-to-date returns for both stocks are quite close, with TOTR having a 3.07% return and FBND slightly lower at 2.94%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TOTR vs. FBND - Expense Ratio Comparison
TOTR has a 0.31% expense ratio, which is lower than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
TOTR vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Total Return ETF (TOTR) 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.
Dividends
TOTR vs. FBND - Dividend Comparison
TOTR's dividend yield for the trailing twelve months is around 5.24%, more than FBND's 4.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TOTR T. Rowe Price Total Return ETF | 5.24% | 4.71% | 3.45% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.57% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
TOTR vs. FBND - Drawdown Comparison
The maximum TOTR drawdown since its inception was -19.63%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for TOTR and FBND. For additional features, visit the drawdowns tool.
Volatility
TOTR vs. FBND - Volatility Comparison
T. Rowe Price Total Return ETF (TOTR) has a higher volatility of 1.95% compared to Fidelity Total Bond ETF (FBND) at 1.57%. This indicates that TOTR'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.