VTBNX vs. FYBTX
Compare and contrast key facts about Vanguard Total Bond Market II Index Fund (VTBNX) and Fidelity Series Short-Term Credit Fund (FYBTX).
VTBNX is managed by Vanguard. FYBTX is managed by Fidelity. It was launched on Mar 27, 2015.
Performance
VTBNX vs. FYBTX - Performance Comparison
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VTBNX vs. FYBTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTBNX Vanguard Total Bond Market II Index Fund | -0.39% | 7.18% | 1.32% | 5.68% | -13.12% | -1.82% | 7.39% | 8.71% | -0.27% | 3.62% |
FYBTX Fidelity Series Short-Term Credit Fund | 0.00% | 5.72% | 5.13% | 6.08% | -3.50% | -0.54% | 3.99% | 5.07% | 1.66% | 1.50% |
Returns By Period
Over the past 10 years, VTBNX has underperformed FYBTX with an annualized return of 1.58%, while FYBTX has yielded a comparatively higher 2.52% annualized return.
VTBNX
- 1D
- 0.21%
- 1M
- -1.65%
- YTD
- -0.39%
- 6M
- 0.40%
- 1Y
- 3.62%
- 3Y*
- 3.47%
- 5Y*
- 0.19%
- 10Y*
- 1.58%
FYBTX
- 1D
- 0.10%
- 1M
- -0.70%
- YTD
- 0.00%
- 6M
- 1.06%
- 1Y
- 3.89%
- 3Y*
- 5.06%
- 5Y*
- 2.62%
- 10Y*
- 2.52%
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VTBNX vs. FYBTX - Expense Ratio Comparison
VTBNX has a 0.02% expense ratio, which is higher than FYBTX'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
VTBNX vs. FYBTX — Risk / Return Rank
VTBNX
FYBTX
VTBNX vs. FYBTX - 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 Series Short-Term Credit Fund (FYBTX). 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 | FYBTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 1.98 | -1.08 |
Sortino ratioReturn per unit of downside risk | 1.30 | 3.55 | -2.25 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.49 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.68 | -2.03 |
Martin ratioReturn relative to average drawdown | 4.63 | 13.27 | -8.64 |
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 | FYBTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 1.98 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 1.22 | -1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 1.33 | -1.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.35 | -0.99 |
Correlation
The correlation between VTBNX and FYBTX is 0.71, 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. FYBTX - Dividend Comparison
VTBNX's dividend yield for the trailing twelve months is around 3.68%, less than FYBTX's 4.34% 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% |
FYBTX Fidelity Series Short-Term Credit Fund | 4.34% | 4.66% | 3.67% | 2.76% | 1.26% | 1.65% | 2.31% | 2.72% | 2.45% | 1.59% | 1.24% |
Drawdowns
VTBNX vs. FYBTX - Drawdown Comparison
The maximum VTBNX drawdown since its inception was -18.71%, which is greater than FYBTX's maximum drawdown of -6.00%. Use the drawdown chart below to compare losses from any high point for VTBNX and FYBTX.
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Drawdown Indicators
| VTBNX | FYBTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.71% | -6.00% | -12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -1.19% | -1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -6.00% | -12.05% |
Max Drawdown (10Y)Largest decline over 10 years | -18.71% | -6.00% | -12.71% |
Current DrawdownCurrent decline from peak | -2.91% | -0.89% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -0.72% | -4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.33% | +0.62% |
Volatility
VTBNX vs. FYBTX - Volatility Comparison
Vanguard Total Bond Market II Index Fund (VTBNX) has a higher volatility of 1.52% compared to Fidelity Series Short-Term Credit Fund (FYBTX) at 0.53%. This indicates that VTBNX's price experiences larger fluctuations and is considered to be riskier than FYBTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTBNX | FYBTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.53% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.54% | 1.31% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 2.05% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 2.16% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 1.90% | +3.01% |