VTIIX vs. FBIIX
Compare and contrast key facts about Vanguard Total International Bond II Index Fund Investor Class (VTIIX) and Fidelity International Bond Index Fund (FBIIX).
VTIIX is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index Hedged. It was launched on Feb 17, 2021. FBIIX is managed by Fidelity. It was launched on Oct 10, 2019.
Performance
VTIIX vs. FBIIX - Performance Comparison
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VTIIX vs. FBIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VTIIX Vanguard Total International Bond II Index Fund Investor Class | -0.72% | 2.95% | 3.82% | 8.72% | -13.03% | -0.52% |
FBIIX Fidelity International Bond Index Fund | -0.55% | 2.66% | 4.64% | 7.48% | -10.84% | -0.18% |
Returns By Period
In the year-to-date period, VTIIX achieves a -0.72% return, which is significantly lower than FBIIX's -0.55% return.
VTIIX
- 1D
- 0.35%
- 1M
- -2.60%
- YTD
- -0.72%
- 6M
- -0.24%
- 1Y
- 2.40%
- 3Y*
- 3.68%
- 5Y*
- 0.08%
- 10Y*
- —
FBIIX
- 1D
- 0.33%
- 1M
- -2.46%
- YTD
- -0.55%
- 6M
- -0.09%
- 1Y
- 2.32%
- 3Y*
- 3.82%
- 5Y*
- 0.50%
- 10Y*
- —
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VTIIX vs. FBIIX - Expense Ratio Comparison
VTIIX has a 0.11% expense ratio, which is higher than FBIIX's 0.06% 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
VTIIX vs. FBIIX — Risk / Return Rank
VTIIX
FBIIX
VTIIX vs. FBIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Bond II Index Fund Investor Class (VTIIX) and Fidelity International Bond Index Fund (FBIIX). 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.
| VTIIX | FBIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 0.91 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.06 | 1.25 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 0.95 | -0.06 |
Martin ratioReturn relative to average drawdown | 3.81 | 4.14 | -0.33 |
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
| VTIIX | FBIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.91 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.14 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.17 | -0.18 |
Correlation
The correlation between VTIIX and FBIIX is 0.88, 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
VTIIX vs. FBIIX - Dividend Comparison
VTIIX's dividend yield for the trailing twelve months is around 4.07%, which matches FBIIX's 4.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VTIIX Vanguard Total International Bond II Index Fund Investor Class | 4.07% | 4.21% | 4.46% | 4.16% | 0.89% | 0.58% | 0.00% | 0.00% |
FBIIX Fidelity International Bond Index Fund | 4.11% | 4.09% | 3.44% | 2.85% | 1.02% | 0.62% | 0.74% | 0.17% |
Drawdowns
VTIIX vs. FBIIX - Drawdown Comparison
The maximum VTIIX drawdown since its inception was -15.95%, which is greater than FBIIX's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for VTIIX and FBIIX.
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Drawdown Indicators
| VTIIX | FBIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -13.79% | -2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.78% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -15.95% | -13.74% | -2.21% |
Current DrawdownCurrent decline from peak | -2.60% | -2.46% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -4.18% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.64% | +0.05% |
Volatility
VTIIX vs. FBIIX - Volatility Comparison
Vanguard Total International Bond II Index Fund Investor Class (VTIIX) has a higher volatility of 1.50% compared to Fidelity International Bond Index Fund (FBIIX) at 1.41%. This indicates that VTIIX's price experiences larger fluctuations and is considered to be riskier than FBIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTIIX | FBIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.41% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 2.06% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 2.69% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 3.50% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 3.39% | +1.06% |