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USD=X vs. FBND
Performance
Return for Risk
Drawdowns
Volatility

USD=X vs. FBND

Last updated Jun 13, 2026

USD=X (USD Cash) is a currency, while FBND (Fidelity Total Bond ETF) is Intermediate Core-Plus Bond fund actively managed by Fidelity. Over the past 10 years, USD=X returned 0.00%/yr vs 2.54%/yr for FBND.

Performance

USD=X vs. FBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USD Cash (USD=X) and Fidelity Total Bond ETF (FBND). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

USD=X

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.00%
3Y*
0.00%
5Y*
0.00%
10Y*
0.00%

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

USD=X vs. FBND - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USD=X
USD Cash		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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%

Compare stocks, funds, or ETFs

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USD Cash

Fidelity Total Bond ETF

Often compared with USD=X:
USD=X vs. UUPUSD=X vs. EUR=XUSD=X vs. XRP-USDUSD=X vs. BTC-USDUSD=X vs. QQQUSD=X vs. TSLAUSD=X vs. USDX
Often compared with FBND:
FBND vs. BNDFBND vs. FTBFXFBND vs. FBNDXFBND vs. AGGFBND vs. BONDFBND vs. IUSBFBND vs. BNDX

Return for Risk

USD=X vs. FBND — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FBND
FBND Risk / Return Rank: 4040
Overall Rank
FBND Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
FBND Sortino Ratio Rank: 4242
Sortino Ratio Rank
FBND Omega Ratio Rank: 3838
Omega Ratio Rank
FBND Calmar Ratio Rank: 4141
Calmar Ratio Rank
FBND Martin Ratio Rank: 3838
Martin Ratio Rank
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.

USD=X vs. FBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) 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.

USD=XFBNDDifference
Sharpe ratioReturn per unit of total volatility

—

1.27

—

Sortino ratioReturn per unit of downside risk

—

1.90

—

Omega ratioGain probability vs. loss probability

—

1.22

—

Calmar ratioReturn relative to maximum drawdown

—

1.83

—

Martin ratioReturn relative to average drawdown

—

5.32

—

USD=X vs. FBND - Sharpe Ratio Comparison

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Drawdowns

USD=X vs. FBND - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for USD=X and FBND.

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Drawdown Indicators

USD=XFBNDDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-17.25%

+17.25%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-2.66%

+2.66%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-5.94%

+5.94%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-17.25%

+17.25%

Max Drawdown (10Y)

Largest decline over 10 years

0.00%

-17.25%

+17.25%

Current Drawdown

Current decline from peak

0.00%

-1.23%

+1.23%

Average Drawdown

Average peak-to-trough decline

0.00%

-3.34%

+3.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

0.91%

-0.91%

Volatility

USD=X vs. FBND - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.35%. This indicates that USD=X 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

USD=XFBNDDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

1.35%

-1.35%

Volatility (6M)

Calculated over the trailing 6-month period

0.00%

2.81%

-2.81%

Volatility (1Y)

Calculated over the trailing 1-year period

0.00%

3.83%

-3.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.00%

5.92%

-5.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.00%

6.10%

-6.10%

Frequently Asked Questions

FBND has higher volatility (1.35%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs FBND's -17.25%.

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