VBIUX vs. FCNVX
Compare and contrast key facts about Vanguard Intermediate-Term Bond Index Fund Institutional Plus (VBIUX) and Fidelity Conservative Income Bond Institutional Class (FCNVX).
VBIUX is managed by Vanguard. It was launched on Nov 30, 2011. FCNVX is managed by Fidelity. It was launched on Mar 3, 2011.
Performance
VBIUX vs. FCNVX - Performance Comparison
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VBIUX vs. FCNVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VBIUX Vanguard Intermediate-Term Bond Index Fund Institutional Plus | -0.84% | 8.60% | 1.56% | 5.53% | -13.24% | -2.64% | 9.83% | 10.23% | -0.13% | 3.90% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 0.52% | 4.51% | 5.43% | 5.86% | 0.85% | -0.06% | 1.10% | 3.00% | 1.82% | 1.42% |
Returns By Period
In the year-to-date period, VBIUX achieves a -0.84% return, which is significantly lower than FCNVX's 0.52% return. Over the past 10 years, VBIUX has underperformed FCNVX with an annualized return of 1.93%, while FCNVX has yielded a comparatively higher 2.51% annualized return.
VBIUX
- 1D
- 0.58%
- 1M
- -2.62%
- YTD
- -0.84%
- 6M
- 0.29%
- 1Y
- 4.35%
- 3Y*
- 3.66%
- 5Y*
- 0.41%
- 10Y*
- 1.93%
FCNVX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.52%
- 6M
- 1.54%
- 1Y
- 3.88%
- 3Y*
- 5.02%
- 5Y*
- 3.41%
- 10Y*
- 2.51%
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VBIUX vs. FCNVX - Expense Ratio Comparison
VBIUX has a 0.04% expense ratio, which is lower than FCNVX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VBIUX vs. FCNVX — Risk / Return Rank
VBIUX
FCNVX
VBIUX vs. FCNVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index Fund Institutional Plus (VBIUX) and Fidelity Conservative Income Bond Institutional Class (FCNVX). 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.
| VBIUX | FCNVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 3.36 | -2.28 |
Sortino ratioReturn per unit of downside risk | 1.57 | 15.99 | -14.42 |
Omega ratioGain probability vs. loss probability | 1.19 | 6.88 | -5.69 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 21.58 | -19.84 |
Martin ratioReturn relative to average drawdown | 5.84 | 85.24 | -79.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VBIUX | FCNVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 3.36 | -2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 2.69 | -2.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 2.44 | -2.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 2.17 | -1.71 |
Correlation
The correlation between VBIUX and FCNVX is 0.26, 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.
Dividends
VBIUX vs. FCNVX - Dividend Comparison
VBIUX's dividend yield for the trailing twelve months is around 3.81%, less than FCNVX's 3.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIUX Vanguard Intermediate-Term Bond Index Fund Institutional Plus | 3.81% | 4.04% | 3.82% | 2.59% | 2.42% | 3.08% | 2.95% | 2.76% | 2.89% | 2.77% | 3.09% | 3.14% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 3.91% | 4.41% | 5.17% | 4.97% | 1.24% | 0.24% | 0.99% | 2.45% | 2.21% | 1.30% | 1.01% | 0.48% |
Drawdowns
VBIUX vs. FCNVX - Drawdown Comparison
The maximum VBIUX drawdown since its inception was -19.18%, which is greater than FCNVX's maximum drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for VBIUX and FCNVX.
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Drawdown Indicators
| VBIUX | FCNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.18% | -2.19% | -16.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.18% | -0.20% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -18.83% | -0.59% | -18.24% |
Max Drawdown (10Y)Largest decline over 10 years | -19.18% | -2.19% | -16.99% |
Current DrawdownCurrent decline from peak | -2.62% | -0.10% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -0.05% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.05% | +0.90% |
Volatility
VBIUX vs. FCNVX - Volatility Comparison
Vanguard Intermediate-Term Bond Index Fund Institutional Plus (VBIUX) has a higher volatility of 1.68% compared to Fidelity Conservative Income Bond Institutional Class (FCNVX) at 0.10%. This indicates that VBIUX's price experiences larger fluctuations and is considered to be riskier than FCNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBIUX | FCNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 0.10% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 0.81% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.61% | 1.28% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 1.27% | +5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 1.03% | +4.34% |