VTBNX vs. FNSOX
Compare and contrast key facts about Vanguard Total Bond Market II Index Fund (VTBNX) and Fidelity Short-Term Bond Index Fund (FNSOX).
VTBNX is managed by Vanguard. FNSOX is managed by Fidelity. It was launched on Oct 18, 2017.
Performance
VTBNX vs. FNSOX - Performance Comparison
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VTBNX vs. FNSOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTBNX Vanguard Total Bond Market II Index Fund | -0.60% | 7.18% | 1.32% | 5.68% | -13.12% | -1.82% | 7.39% | 8.71% | -0.27% | 0.35% |
FNSOX Fidelity Short-Term Bond Index Fund | -0.12% | 6.01% | 3.90% | 4.90% | -5.76% | -1.25% | 4.28% | 4.95% | 1.14% | -0.22% |
Returns By Period
In the year-to-date period, VTBNX achieves a -0.60% return, which is significantly lower than FNSOX's -0.12% return.
VTBNX
- 1D
- 0.42%
- 1M
- -2.26%
- YTD
- -0.60%
- 6M
- 0.40%
- 1Y
- 3.62%
- 3Y*
- 3.40%
- 5Y*
- 0.22%
- 10Y*
- 1.56%
FNSOX
- 1D
- 0.10%
- 1M
- -0.79%
- YTD
- -0.12%
- 6M
- 0.91%
- 1Y
- 3.80%
- 3Y*
- 4.25%
- 5Y*
- 1.58%
- 10Y*
- —
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VTBNX vs. FNSOX - Expense Ratio Comparison
VTBNX has a 0.02% expense ratio, which is lower than FNSOX's 0.03% 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
VTBNX vs. FNSOX — Risk / Return Rank
VTBNX
FNSOX
VTBNX vs. FNSOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Bond Market II Index Fund (VTBNX) and Fidelity Short-Term Bond Index Fund (FNSOX). 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.
| VTBNX | FNSOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.74 | -0.77 |
Sortino ratioReturn per unit of downside risk | 1.41 | 2.68 | -1.27 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.35 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.79 | -1.01 |
Martin ratioReturn relative to average drawdown | 5.02 | 10.34 | -5.32 |
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
| VTBNX | FNSOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.74 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.56 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.83 | -0.47 |
Correlation
The correlation between VTBNX and FNSOX is 0.82, 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
VTBNX vs. FNSOX - Dividend Comparison
VTBNX's dividend yield for the trailing twelve months is around 3.68%, more than FNSOX's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VTBNX Vanguard Total Bond Market II Index Fund | 3.68% | 3.95% | 3.77% | 3.13% | 2.54% | 1.82% | 3.12% | 2.79% | 2.56% | 2.52% | 2.55% |
FNSOX Fidelity Short-Term Bond Index Fund | 3.14% | 3.22% | 2.80% | 1.74% | 0.81% | 0.80% | 1.54% | 2.61% | 2.04% | 0.34% | 0.00% |
Drawdowns
VTBNX vs. FNSOX - Drawdown Comparison
The maximum VTBNX drawdown since its inception was -18.71%, which is greater than FNSOX's maximum drawdown of -8.92%. Use the drawdown chart below to compare losses from any high point for VTBNX and FNSOX.
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Drawdown Indicators
| VTBNX | FNSOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -8.92% | -9.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -1.47% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -8.77% | -9.28% |
Max Drawdown (10Y)Largest decline over 10 years | -18.71% | — | — |
Current DrawdownCurrent decline from peak | -3.11% | -1.08% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -1.75% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.40% | +0.54% |
Volatility
VTBNX vs. FNSOX - Volatility Comparison
Vanguard Total Bond Market II Index Fund (VTBNX) has a higher volatility of 1.52% compared to Fidelity Short-Term Bond Index Fund (FNSOX) at 0.75%. This indicates that VTBNX's price experiences larger fluctuations and is considered to be riskier than FNSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTBNX | FNSOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.75% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 1.37% | +1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 2.21% | +2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 2.86% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 2.48% | +2.43% |