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TOTR vs. FBND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TOTR and FBND is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

TOTR vs. FBND

Last updated May 25, 2025

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.

Performance

TOTR vs. FBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Total Return ETF (TOTR) and Fidelity Total Bond ETF (FBND). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

TOTR:

0.92

FBND:

0.96

Sortino Ratio

TOTR:

1.31

FBND:

1.24

Omega Ratio

TOTR:

1.15

FBND:

1.15

Calmar Ratio

TOTR:

0.40

FBND:

0.50

Martin Ratio

TOTR:

2.73

FBND:

2.42

Ulcer Index

TOTR:

1.82%

FBND:

1.91%

Daily Std Dev

TOTR:

5.64%

FBND:

5.41%

Max Drawdown

TOTR:

-19.63%

FBND:

-17.25%

Current Drawdown

TOTR:

-7.49%

FBND:

-3.87%

Returns By Period

In the year-to-date period, TOTR achieves a 1.66% return, which is significantly lower than FBND's 1.76% return.

TOTR

YTD

1.66%

1M

-0.21%

6M

1.43%

1Y

5.13%

3Y*

1.11%

5Y*

N/A

10Y*

N/A

FBND

YTD

1.76%

1M

-0.34%

6M

1.36%

1Y

4.95%

3Y*

2.25%

5Y*

0.32%

10Y*

2.15%

*Annualized

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T. Rowe Price Total Return ETF

Fidelity Total Bond ETF

TOTR vs. FBND - Expense Ratio Comparison

TOTR has a 0.31% expense ratio, which is lower than FBND's 0.36% expense ratio.

FBND
Fidelity Total Bond ETF
TOTR
T. Rowe Price Total Return ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

TOTR vs. FBND — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TOTR
The Risk-Adjusted Performance Rank of TOTR is 7171
Overall Rank
The Sharpe Ratio Rank of TOTR is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of TOTR is 7979
Sortino Ratio Rank
The Omega Ratio Rank of TOTR is 7272
Omega Ratio Rank
The Calmar Ratio Rank of TOTR is 5252
Calmar Ratio Rank
The Martin Ratio Rank of TOTR is 7272
Martin Ratio Rank
FBND
The Risk-Adjusted Performance Rank of FBND is 7171
Overall Rank
The Sharpe Ratio Rank of FBND is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of FBND is 7777
Sortino Ratio Rank
The Omega Ratio Rank of FBND is 7171
Omega Ratio Rank
The Calmar Ratio Rank of FBND is 6161
Calmar Ratio Rank
The Martin Ratio Rank of FBND is 6868
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current TOTR Sharpe Ratio is 0.92, which is comparable to the FBND Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of TOTR and FBND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

TOTR vs. FBND - Dividend Comparison

TOTR's dividend yield for the trailing twelve months is around 4.72%, which matches FBND's 4.68% yield.

TTM20242023202220212020201920182017201620152014
TOTR
T. Rowe Price Total Return ETF		4.72%5.33%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		4.68%4.73%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.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

TOTR vs. FBND - Volatility Comparison

T. Rowe Price Total Return ETF (TOTR) has a higher volatility of 1.62% compared to Fidelity Total Bond ETF (FBND) at 1.48%. 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.

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