VTBIX vs. FTLTX
Compare and contrast key facts about Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) and Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX).
VTBIX is managed by Vanguard. FTLTX is managed by Fidelity. It was launched on Jul 7, 2016.
Performance
VTBIX vs. FTLTX - Performance Comparison
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VTBIX vs. FTLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTBIX Vanguard Total Bond Market II Index Fund Investor Shares | -0.40% | 7.11% | 1.25% | 5.03% | -13.18% | -1.88% | 7.47% | 8.62% | -0.32% | 3.53% |
FTLTX Fidelity Series Long-Term Treasury Bond Index Fund | -0.50% | 5.45% | -6.13% | 3.27% | -29.89% | -5.13% | 17.45% | 14.23% | -1.63% | 8.22% |
Returns By Period
In the year-to-date period, VTBIX achieves a -0.40% return, which is significantly higher than FTLTX's -0.50% return.
VTBIX
- 1D
- 0.21%
- 1M
- -1.65%
- YTD
- -0.40%
- 6M
- 0.38%
- 1Y
- 3.55%
- 3Y*
- 3.21%
- 5Y*
- 0.02%
- 10Y*
- 1.47%
FTLTX
- 1D
- -0.19%
- 1M
- -3.44%
- YTD
- -0.50%
- 6M
- -1.02%
- 1Y
- -0.72%
- 3Y*
- -1.60%
- 5Y*
- -5.02%
- 10Y*
- —
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VTBIX vs. FTLTX - Expense Ratio Comparison
VTBIX has a 0.09% expense ratio, which is higher than FTLTX's 0.00% 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%.
Return for Risk
VTBIX vs. FTLTX — Risk / Return Rank
VTBIX
FTLTX
VTBIX vs. FTLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) and Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX). 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.
| VTBIX | FTLTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 0.00 | +0.89 |
Sortino ratioReturn per unit of downside risk | 1.28 | 0.07 | +1.21 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.01 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 0.14 | +1.48 |
Martin ratioReturn relative to average drawdown | 4.54 | 0.32 | +4.23 |
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
| VTBIX | FTLTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.00 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | -0.34 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | -0.03 | +0.29 |
Correlation
The correlation between VTBIX and FTLTX is 0.91, 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.
Dividends
VTBIX vs. FTLTX - Dividend Comparison
VTBIX's dividend yield for the trailing twelve months is around 3.61%, more than FTLTX's 3.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTBIX Vanguard Total Bond Market II Index Fund Investor Shares | 3.61% | 3.88% | 3.70% | 2.53% | 2.47% | 1.75% | 3.20% | 2.72% | 2.51% | 2.43% | 2.48% | 2.64% |
FTLTX Fidelity Series Long-Term Treasury Bond Index Fund | 3.56% | 3.83% | 3.71% | 3.17% | 2.20% | 2.06% | 12.95% | 10.68% | 2.89% | 2.44% | 0.00% | 0.00% |
Drawdowns
VTBIX vs. FTLTX - Drawdown Comparison
The maximum VTBIX drawdown since its inception was -18.72%, smaller than the maximum FTLTX drawdown of -46.86%. Use the drawdown chart below to compare losses from any high point for VTBIX and FTLTX.
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Drawdown Indicators
| VTBIX | FTLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -46.86% | +28.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -8.76% | +6.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.11% | -41.52% | +23.41% |
Max Drawdown (10Y)Largest decline over 10 years | -18.72% | — | — |
Current DrawdownCurrent decline from peak | -3.67% | -37.37% | +33.70% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -19.66% | +15.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 3.94% | -2.99% |
Volatility
VTBIX vs. FTLTX - Volatility Comparison
The current volatility for Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) is 1.52%, while Fidelity Series Long-Term Treasury Bond Index Fund (FTLTX) has a volatility of 3.62%. This indicates that VTBIX experiences smaller price fluctuations and is considered to be less risky than FTLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTBIX | FTLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 3.62% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 6.12% | -3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 10.59% | -6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 14.63% | -8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 13.96% | -9.05% |