VBIRX vs. FXNAX
Compare and contrast key facts about Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) and Fidelity U.S. Bond Index Fund (FXNAX).
VBIRX is managed by Vanguard. It was launched on Nov 12, 2001. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBIRX or FXNAX.
Key characteristics
| VBIRX | FXNAX | |
|---|---|---|
| YTD Return | 3.32% | 2.51% |
| 1Y Return | 6.35% | 8.95% |
| 3Y Return (Ann) | 0.51% | -2.32% |
| 5Y Return (Ann) | 1.23% | -0.20% |
| 10Y Return (Ann) | 1.50% | 1.38% |
| Sharpe Ratio | 2.07 | 1.29 |
| Sortino Ratio | 3.30 | 1.93 |
| Omega Ratio | 1.43 | 1.23 |
| Calmar Ratio | 1.15 | 0.46 |
| Martin Ratio | 10.53 | 4.38 |
| Ulcer Index | 0.57% | 1.69% |
| Daily Std Dev | 2.92% | 5.88% |
| Max Drawdown | -8.91% | -19.64% |
| Current Drawdown | -1.26% | -9.30% |
Correlation
The correlation between VBIRX and FXNAX is 0.80, 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
VBIRX vs. FXNAX - Performance Comparison
In the year-to-date period, VBIRX achieves a 3.32% return, which is significantly higher than FXNAX's 2.51% return. Over the past 10 years, VBIRX has outperformed FXNAX with an annualized return of 1.50%, while FXNAX has yielded a comparatively lower 1.38% annualized return. 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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VBIRX vs. FXNAX - Expense Ratio Comparison
VBIRX has a 0.07% expense ratio, which is higher than FXNAX's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VBIRX vs. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) and Fidelity U.S. Bond Index Fund (FXNAX). 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
VBIRX vs. FXNAX - Dividend Comparison
VBIRX's dividend yield for the trailing twelve months is around 3.24%, less than FXNAX's 3.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIRX Vanguard Short-Term Bond Index Fund Admiral Shares | 3.24% | 2.41% | 1.44% | 1.17% | 1.78% | 2.23% | 2.04% | 1.53% | 1.48% | 1.32% | 1.20% | 1.21% |
FXNAX Fidelity U.S. Bond Index Fund | 3.29% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
VBIRX vs. FXNAX - Drawdown Comparison
The maximum VBIRX drawdown since its inception was -8.91%, smaller than the maximum FXNAX drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for VBIRX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
VBIRX vs. FXNAX - Volatility Comparison
The current volatility for Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX) is 0.59%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.63%. This indicates that VBIRX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.