Correlation
The correlation between XTEN and FBND is 0.13, 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.
XTEN vs. FBND
Compare and contrast key facts about Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) and Fidelity Total Bond ETF (FBND).
XTEN and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTEN is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 10 Year Target Duration Index. It was launched on Sep 13, 2022. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XTEN or FBND.
Performance
XTEN vs. FBND - Performance Comparison
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Key characteristics
XTEN:
0.54
FBND:
1.19
XTEN:
0.80
FBND:
1.72
XTEN:
1.09
FBND:
1.21
XTEN:
0.50
FBND:
0.70
XTEN:
1.02
FBND:
3.35
XTEN:
4.58%
FBND:
1.92%
XTEN:
8.85%
FBND:
5.39%
XTEN:
-13.80%
FBND:
-17.25%
XTEN:
-5.20%
FBND:
-3.00%
Returns By Period
The year-to-date returns for both investments are quite close, with XTEN having a 2.56% return and FBND slightly higher at 2.68%.
XTEN
2.56%
-1.91%
-1.00%
4.77%
N/A
N/A
N/A
FBND
2.68%
-0.45%
0.89%
6.37%
2.51%
0.38%
2.30%
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XTEN vs. FBND - Expense Ratio Comparison
XTEN has a 0.08% expense ratio, which is lower than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
XTEN vs. FBND — Risk-Adjusted Performance Rank
XTEN
FBND
XTEN vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) 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.
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Dividends
XTEN vs. FBND - Dividend Comparison
XTEN's dividend yield for the trailing twelve months is around 4.15%, less than FBND's 4.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XTEN Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF | 4.15% | 4.20% | 3.71% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.65% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
XTEN vs. FBND - Drawdown Comparison
The maximum XTEN drawdown since its inception was -13.80%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for XTEN and FBND.
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Volatility
XTEN vs. FBND - Volatility Comparison
Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) has a higher volatility of 2.40% compared to Fidelity Total Bond ETF (FBND) at 1.50%. This indicates that XTEN'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.
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