WIP vs. FBND
Compare and contrast key facts about SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and Fidelity Total Bond ETF (FBND).
WIP and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WIP is a passively managed fund by State Street that tracks the performance of the FTSE International Inflation-Linked Securities Select (USD). It was launched on Mar 13, 2008. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
WIP vs. FBND - Performance Comparison
Loading graphics...
WIP vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 1.01% | 15.18% | -8.71% | 8.84% | -15.54% | -4.15% | 8.37% | 8.62% | -5.97% | 12.73% |
FBND Fidelity Total Bond ETF | 0.14% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Returns By Period
In the year-to-date period, WIP achieves a 1.01% return, which is significantly higher than FBND's 0.14% return. Over the past 10 years, WIP has underperformed FBND with an annualized return of 1.28%, while FBND has yielded a comparatively higher 2.79% annualized return.
WIP
- 1D
- 1.59%
- 1M
- -3.65%
- YTD
- 1.01%
- 6M
- 3.15%
- 1Y
- 11.57%
- 3Y*
- 2.96%
- 5Y*
- -0.36%
- 10Y*
- 1.28%
FBND
- 1D
- 0.31%
- 1M
- -1.78%
- YTD
- 0.14%
- 6M
- 1.01%
- 1Y
- 4.73%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.79%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WIP vs. FBND - Expense Ratio Comparison
WIP has a 0.50% expense ratio, which is higher than FBND's 0.36% expense ratio.
Return for Risk
WIP vs. FBND — Risk / Return Rank
WIP
FBND
WIP vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and Fidelity Total Bond ETF (FBND). 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.
| WIP | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 1.07 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.50 | +0.18 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.25 | 1.82 | +0.43 |
Martin ratioReturn relative to average drawdown | 6.69 | 5.71 | +0.98 |
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
| WIP | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.07 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.17 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.46 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.44 | -0.34 |
Correlation
The correlation between WIP and FBND is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
WIP vs. FBND - Dividend Comparison
WIP's dividend yield for the trailing twelve months is around 5.41%, more than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 5.41% | 5.51% | 6.06% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.91% | 1.27% | 1.14% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
WIP vs. FBND - Drawdown Comparison
The maximum WIP drawdown since its inception was -29.60%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for WIP and FBND.
Loading graphics...
Drawdown Indicators
| WIP | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -17.25% | -12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -2.79% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -28.84% | -17.25% | -11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -28.84% | -17.25% | -11.59% |
Current DrawdownCurrent decline from peak | -6.90% | -1.78% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -8.63% | -3.38% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 0.89% | +0.85% |
Volatility
WIP vs. FBND - Volatility Comparison
SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) has a higher volatility of 4.29% compared to Fidelity Total Bond ETF (FBND) at 1.66%. This indicates that WIP's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| WIP | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 1.66% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.01% | 2.62% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.49% | 4.45% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.39% | 5.90% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.12% | 6.09% | +4.03% |