VTBNX vs. FTHRX
VTBNX (Vanguard Total Bond Market II Index Fund) and FTHRX (Fidelity Intermediate Bond Fund) are both mutual funds - VTBNX is a Total Bond Market fund managed by Vanguard, while FTHRX is a Intermediate Core Bond fund actively managed by Fidelity. Over the past 10 years, VTBNX returned 1.47%/yr vs 1.95%/yr for FTHRX. Their correlation of 0.92 suggests significant overlap in exposure. VTBNX charges 0.02%/yr vs 0.45%/yr for FTHRX.
Performance
VTBNX vs. FTHRX - Performance Comparison
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Returns By Period
In the year-to-date period, VTBNX achieves a 0.01% return, which is significantly higher than FTHRX's -0.24% return. Over the past 10 years, VTBNX has underperformed FTHRX with an annualized return of 1.47%, while FTHRX has yielded a comparatively higher 1.95% annualized return.
VTBNX
- 1D
- -0.32%
- 1M
- 0.56%
- YTD
- 0.01%
- 6M
- 0.45%
- 1Y
- 4.11%
- 3Y*
- 3.90%
- 5Y*
- 0.01%
- 10Y*
- 1.47%
FTHRX
- 1D
- -0.20%
- 1M
- 0.22%
- YTD
- -0.24%
- 6M
- 0.16%
- 1Y
- 3.22%
- 3Y*
- 4.50%
- 5Y*
- 1.02%
- 10Y*
- 1.95%
VTBNX vs. FTHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTBNX Vanguard Total Bond Market II Index Fund | 0.01% | 7.18% | 1.32% | 5.68% | -13.12% | -1.82% | 7.39% | 8.71% | -0.27% | 3.62% |
FTHRX Fidelity Intermediate Bond Fund | -0.24% | 6.89% | 3.25% | 5.55% | -9.17% | -1.60% | 7.06% | 7.20% | 0.52% | 2.31% |
Correlation
The correlation between VTBNX and FTHRX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2016 | 0.92 |
The correlation between VTBNX and FTHRX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
VTBNX vs. FTHRX — Risk / Return Rank
VTBNX
FTHRX
VTBNX vs. FTHRX - 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 Intermediate Bond Fund (FTHRX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VTBNX | FTHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.59 | -0.05 |
| Martin ratioReturn relative to average drawdown | 4.30 | 4.39 | -0.09 |
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Drawdowns
VTBNX vs. FTHRX - Drawdown Comparison
The maximum VTBNX drawdown since its inception was -18.71%, roughly equal to the maximum FTHRX drawdown of -19.01%. Use the drawdown chart below to compare losses from any high point for VTBNX and FTHRX.
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Drawdown Indicators
| VTBNX | FTHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -19.01% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -2.11% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -5.97% | -2.68% | -3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -13.18% | -4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -18.71% | -13.25% | -5.46% |
Current DrawdownCurrent decline from peak | -2.52% | -1.48% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -3.06% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.76% | +0.25% |
Volatility
VTBNX vs. FTHRX - Volatility Comparison
Vanguard Total Bond Market II Index Fund (VTBNX) has a higher volatility of 1.13% compared to Fidelity Intermediate Bond Fund (FTHRX) at 0.87%. This indicates that VTBNX's price experiences larger fluctuations and is considered to be riskier than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTBNX | FTHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.87% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 2.09% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 2.80% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.96% | 4.04% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.93% | 3.40% | +1.53% |
VTBNX vs. FTHRX - Expense Ratio Comparison
VTBNX has a 0.02% expense ratio, which is lower than FTHRX's 0.45% expense ratio.
Dividends
VTBNX vs. FTHRX - Dividend Comparison
VTBNX's dividend yield for the trailing twelve months is around 4.07%, more than FTHRX's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHRX Fidelity Intermediate Bond Fund | 3.71% | 3.59% | 3.49% | 2.94% | 1.55% | 1.53% | 4.16% | 2.49% | 2.48% | 2.20% | 2.63% | 2.13% |
VTBNX Vanguard Total Bond Market II Index Fund | 4.07% | 3.95% | 3.77% | 3.13% | 2.54% | 1.82% | 3.12% | 2.79% | 2.56% | 2.52% | 2.55% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, VTBNX and FTHRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VTBNX has higher volatility (1.13%) compared to FTHRX (0.87%). In terms of maximum drawdown, VTBNX dropped -18.71% vs FTHRX's -19.01%.
FTHRX currently has the higher Sharpe Ratio (1.20 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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