VBND vs. FBNDX
Compare and contrast key facts about Vident Core U.S. Bond Strategy ETF (VBND) and Fidelity Investment Grade Bond Fund (FBNDX).
VBND is a passively managed fund by Vident that tracks the performance of the Vident Core U.S. Bond Strategy Index. It was launched on Oct 15, 2014. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VBND or FBNDX.
Performance
VBND vs. FBNDX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VBND having a 1.98% return and FBNDX slightly higher at 2.07%. Over the past 10 years, VBND has underperformed FBNDX with an annualized return of 1.31%, while FBNDX has yielded a comparatively higher 1.65% annualized return.
VBND
1.98%
-0.60%
2.63%
6.91%
-0.05%
1.31%
FBNDX
2.07%
-0.79%
2.97%
6.67%
-0.09%
1.65%
Key characteristics
| VBND | FBNDX | |
|---|---|---|
| Sharpe Ratio | 1.22 | 1.12 |
| Sortino Ratio | 1.78 | 1.68 |
| Omega Ratio | 1.22 | 1.20 |
| Calmar Ratio | 0.54 | 0.44 |
| Martin Ratio | 4.71 | 3.63 |
| Ulcer Index | 1.52% | 1.80% |
| Daily Std Dev | 5.89% | 5.81% |
| Max Drawdown | -18.97% | -20.16% |
| Current Drawdown | -6.85% | -9.57% |
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VBND vs. FBNDX - Expense Ratio Comparison
VBND has a 0.39% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Correlation
The correlation between VBND and FBNDX is 0.81, 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.
Risk-Adjusted Performance
VBND vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vident Core U.S. Bond Strategy ETF (VBND) and Fidelity Investment Grade Bond Fund (FBNDX). 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
VBND vs. FBNDX - Dividend Comparison
VBND's dividend yield for the trailing twelve months is around 4.35%, more than FBNDX's 3.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBND Vident Core U.S. Bond Strategy ETF | 4.35% | 3.88% | 2.55% | 1.56% | 1.98% | 3.13% | 2.82% | 2.00% | 3.12% | 1.49% | 0.11% | 0.00% |
FBNDX Fidelity Investment Grade Bond Fund | 3.91% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
VBND vs. FBNDX - Drawdown Comparison
The maximum VBND drawdown since its inception was -18.97%, smaller than the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for VBND and FBNDX. For additional features, visit the drawdowns tool.
Volatility
VBND vs. FBNDX - Volatility Comparison
Vident Core U.S. Bond Strategy ETF (VBND) has a higher volatility of 1.76% compared to Fidelity Investment Grade Bond Fund (FBNDX) at 1.53%. This indicates that VBND's price experiences larger fluctuations and is considered to be riskier than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.