UITB vs. FTHRX

Last updated Jun 4, 2026

UITB (VictoryShares Core Intermediate Bond ETF) and FTHRX (Fidelity Intermediate Bond Fund) are both funds - UITB is a Intermediate Core Bond fund actively managed by Victory Capital, while FTHRX is a Total Bond Market fund managed by Fidelity. Over the past 5 years, UITB returned 0.56%/yr vs 1.10%/yr for FTHRX. Their correlation of 0.86 suggests significant overlap in exposure. UITB charges 0.38%/yr vs 0.45%/yr for FTHRX.

Performance

UITB vs. FTHRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Core Intermediate Bond ETF (UITB) and Fidelity Intermediate Bond Fund (FTHRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UITB achieves a 0.17% return, which is significantly higher than FTHRX's 0.15% return.

UITB

• 1D: -0.19%
• 1M: 0.24%
• YTD: 0.17%
• 6M: 0.03%
• 1Y: 5.06%
• 3Y*: 4.33%
• 5Y*: 0.56%
• 10Y*: —

FTHRX

• 1D: 0.00%
• 1M: 0.22%
• YTD: 0.15%
• 6M: 0.22%
• 1Y: 4.14%
• 3Y*: 4.54%
• 5Y*: 1.10%
• 10Y*: 2.04%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UITB vs. FTHRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UITB VictoryShares Core Intermediate Bond ETF	0.17%	7.32%	1.81%	6.49%	-12.23%	-0.88%	7.99%	11.40%	-1.31%	0.99%
FTHRX Fidelity Intermediate Bond Fund	0.15%	6.89%	3.25%	5.55%	-9.17%	-1.60%	7.06%	7.20%	0.52%	0.19%

Correlation

The correlation between UITB and FTHRX is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017	0.86

The correlation between UITB and FTHRX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

Return for Risk

UITB vs. FTHRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UITB

UITB Risk / Return Rank: 38
UITB Sharpe Ratio Rank: 39
UITB Sortino Ratio Rank: 41
UITB Omega Ratio Rank: 38
UITB Calmar Ratio Rank: 37
UITB Martin Ratio Rank: 36

FTHRX

FTHRX Risk / Return Rank: 26
FTHRX Sharpe Ratio Rank: 26
FTHRX Sortino Ratio Rank: 30
FTHRX Omega Ratio Rank: 26
FTHRX Calmar Ratio Rank: 27
FTHRX Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UITB vs. FTHRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Core Intermediate Bond ETF (UITB) and Fidelity Intermediate Bond Fund (FTHRX). 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.

	UITB	FTHRX	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.44	-0.05
Sortino ratio Return per unit of downside risk	2.08	2.26	-0.18
Omega ratio Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio Return relative to maximum drawdown	1.81	1.92	-0.11
Martin ratio Return relative to average drawdown	5.57	5.74	-0.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UITB vs. FTHRX - Sharpe Ratio Comparison

The current UITB Sharpe Ratio is 1.39, which is comparable to the FTHRX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of UITB and FTHRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UITB	FTHRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.44	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.27	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.91	-0.45

Drawdowns

UITB vs. FTHRX - Drawdown Comparison

The maximum UITB drawdown since its inception was -17.02%, smaller than the maximum FTHRX drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for UITB and FTHRX.

Drawdown Indicators

	UITB	FTHRX	Difference
Max Drawdown Largest peak-to-trough decline	-17.02%	-19.01%	+1.99%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	-2.11%	-0.69%
Max Drawdown (3Y) Largest decline over 3 years	-5.44%	-2.68%	-2.76%
Max Drawdown (5Y) Largest decline over 5 years	-17.02%	-13.18%	-3.84%
Max Drawdown (10Y) Largest decline over 10 years	—	-13.25%	—
Current Drawdown Current decline from peak	-1.61%	-1.09%	-0.52%
Average Drawdown Average peak-to-trough decline	-4.35%	-3.07%	-1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	0.70%	+0.21%

Volatility

UITB vs. FTHRX - Volatility Comparison

VictoryShares Core Intermediate Bond ETF (UITB) has a higher volatility of 1.24% compared to Fidelity Intermediate Bond Fund (FTHRX) at 0.91%. This indicates that UITB's price experiences larger fluctuations and is considered to be riskier than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UITB	FTHRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	0.91%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	2.58%	2.02%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	2.81%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.64%	4.03%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.98%	3.40%	+1.58%

UITB vs. FTHRX - Expense Ratio Comparison

UITB has a 0.38% expense ratio, which is lower than FTHRX's 0.45% expense ratio.

Dividends

UITB vs. FTHRX - Dividend Comparison

UITB's dividend yield for the trailing twelve months is around 4.17%, more than FTHRX's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTHRX Fidelity Intermediate Bond Fund	3.69%	3.59%	3.49%	2.94%	1.55%	1.53%	4.16%	2.49%	2.48%	2.20%	2.63%	2.13%
UITB VictoryShares Core Intermediate Bond ETF	4.17%	4.04%	3.89%	3.14%	2.32%	1.95%	2.79%	3.01%	2.99%	0.50%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UITB and FTHRX in my portfolio?

UITB and FTHRX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UITB or FTHRX?

UITB has higher volatility (1.24%) compared to FTHRX (0.91%). In terms of maximum drawdown, UITB dropped -17.02% vs FTHRX's -19.01%.

Which has better risk-adjusted returns?

FTHRX currently has the higher Sharpe Ratio (1.44 vs 1.39), 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.