VUBFX vs. FBNDX
Compare and contrast key facts about Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) and Fidelity Investment Grade Bond Fund (FBNDX).
VUBFX is managed by Vanguard. It was launched on Feb 24, 2015. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Performance
VUBFX vs. FBNDX - Performance Comparison
Loading graphics...
VUBFX vs. FBNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 0.59% | 5.04% | 5.99% | 5.43% | -0.53% | 0.03% | 1.95% | 3.34% | 1.94% | 1.23% |
FBNDX Fidelity Investment Grade Bond Fund | -0.36% | 7.37% | 0.93% | 6.51% | -14.04% | -1.13% | 9.79% | 9.82% | -0.35% | 3.92% |
Returns By Period
In the year-to-date period, VUBFX achieves a 0.59% return, which is significantly higher than FBNDX's -0.36% return. Over the past 10 years, VUBFX has outperformed FBNDX with an annualized return of 2.56%, while FBNDX has yielded a comparatively lower 2.22% annualized return.
VUBFX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.59%
- 6M
- 1.62%
- 1Y
- 4.31%
- 3Y*
- 5.24%
- 5Y*
- 3.26%
- 10Y*
- 2.56%
FBNDX
- 1D
- 0.14%
- 1M
- -1.76%
- YTD
- -0.36%
- 6M
- 0.36%
- 1Y
- 3.63%
- 3Y*
- 3.61%
- 5Y*
- 0.18%
- 10Y*
- 2.22%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VUBFX vs. FBNDX - Expense Ratio Comparison
VUBFX has a 0.20% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Return for Risk
VUBFX vs. FBNDX — Risk / Return Rank
VUBFX
FBNDX
VUBFX vs. FBNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) and Fidelity Investment Grade Bond Fund (FBNDX). 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.
| VUBFX | FBNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.18 | 0.86 | +4.32 |
Sortino ratioReturn per unit of downside risk | 10.17 | 1.24 | +8.93 |
Omega ratioGain probability vs. loss probability | 3.60 | 1.15 | +2.45 |
Calmar ratioReturn relative to maximum drawdown | 14.46 | 1.58 | +12.89 |
Martin ratioReturn relative to average drawdown | 65.22 | 4.56 | +60.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VUBFX | FBNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.18 | 0.86 | +4.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.34 | 0.03 | +3.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 3.07 | 0.45 | +2.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.06 | 0.53 | +2.53 |
Correlation
The correlation between VUBFX and FBNDX is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VUBFX vs. FBNDX - Dividend Comparison
VUBFX's dividend yield for the trailing twelve months is around 4.12%, more than FBNDX's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 4.12% | 4.62% | 5.42% | 4.06% | 1.28% | 0.43% | 1.52% | 2.58% | 2.13% | 1.43% | 0.98% | 0.00% |
FBNDX Fidelity Investment Grade Bond Fund | 3.58% | 3.87% | 3.34% | 3.56% | 1.98% | 1.34% | 4.70% | 2.75% | 2.86% | 2.18% | 2.72% | 2.66% |
Drawdowns
VUBFX vs. FBNDX - Drawdown Comparison
The maximum VUBFX drawdown since its inception was -1.86%, smaller than the maximum FBNDX drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for VUBFX and FBNDX.
Loading graphics...
Drawdown Indicators
| VUBFX | FBNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.86% | -42.76% | +40.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -2.88% | +2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -1.86% | -18.74% | +16.88% |
Max Drawdown (10Y)Largest decline over 10 years | -1.86% | -18.74% | +16.88% |
Current DrawdownCurrent decline from peak | -0.10% | -2.31% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -10.37% | +10.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 1.00% | -0.93% |
Volatility
VUBFX vs. FBNDX - Volatility Comparison
The current volatility for Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) is 0.34%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.62%. This indicates that VUBFX experiences smaller price fluctuations and is considered to be less risky than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VUBFX | FBNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 1.62% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 0.55% | 2.74% | -2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 4.62% | -3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.98% | 6.00% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.84% | 5.00% | -4.16% |