Fidelity® Total Bond ETF

10-Year Study

FBND.US · · US · ETF

Executive Summary: Fidelity® Total Bond ETF has compounded at 2.6% annually over the last 10 years, with a maximum drawdown of 15.9% and an annualized volatility of 6.9%.

1Y CAGR
+5.6%
3Y CAGR
+4.8%
5Y CAGR
+0.9%
10Y CAGR
+2.6%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
15.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.30
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.43
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
5.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +9.8%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -12.5%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.31.7-2.20.6————————0.3%
20250.72.3-0.10.3-0.41.6-0.11.21.20.60.6-0.47.6%
2024-0.3-1.10.9-2.41.90.92.41.41.3-2.31.2-1.72.1%
20234.0-2.92.30.7-1.10.20.0-0.6-2.5-1.64.54.06.8%
2022-2.0-1.2-2.6-3.6-0.0-2.43.1-2.6-4.1-0.93.8-0.6-12.5%
2021-0.7-1.4-0.90.90.41.01.0-0.0-0.90.00.10.1-0.4%
20201.71.1-2.12.41.60.82.5-0.3-0.2-0.51.70.59.4%
20191.70.21.80.31.41.30.32.2-0.50.4-0.00.49.8%
2018-0.9-0.90.2-0.50.60.20.10.5-0.4-0.90.21.3-0.6%
20170.00.7-0.00.80.6-0.20.31.0-0.30.2-0.10.43.5%
2016———2.1-0.11.81.50.30.4-0.6-2.41.14.2%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 6.9%. The dominant macroeconomic risk driver is SHV.US, accounting for 48.9% of variance. Idiosyncratic stock-specific factors contribute 1.2%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110206.025608548463
2016-05-0110199.318333602008
2016-06-0110380.098104691062
2016-07-0110536.265343251274
2016-08-0110571.097114432443
2016-09-0110613.384611841651
2016-10-0110551.723740874651
2016-11-0110303.69850079451
2016-12-0110416.88736383944
2017-01-0110419.650876263731
2017-02-0110495.100522764433
2017-03-0110492.4233701034
2017-04-0110579.617944407342
2017-05-0110647.61186468001
2017-06-0110625.734057987704
2017-07-0110657.31294475278
2017-08-0110760.80072772494
2017-09-0110725.62351749073
2017-10-0110752.423830688807
2017-11-0110741.657646869171
2017-12-0110783.714851576353
2018-01-0110686.732837436384
2018-02-0110590.787140455519
2018-03-0110614.62243511503
2018-04-0110557.76892430279
2018-05-0110616.004191327178
2018-06-0110635.751790525757
2018-07-0110650.835962508347
2018-08-0110701.21249107616
2018-09-0110658.205328973125
2018-10-0110566.059461575664
2018-11-0110585.691914423234
2018-12-0110722.48577942565
2019-01-0110902.891324873914
2019-02-0110926.438753655895
2019-03-0111121.410312507196
2019-04-0111150.830205190796
2019-05-0111307.947401146856
2019-06-0111453.665108352718
2019-07-0111484.668263362733
2019-08-0111737.270570895611
2019-09-0111683.900237201484
2019-10-0111734.91007069986
2019-11-0111733.355594961196
2019-12-0111775.153720378601
2020-01-0111979.193054372106
2020-02-0112106.487345416024
2020-03-0111855.41072703406
2020-04-0112139.994933560556
2020-05-0112333.757455726229
2020-06-0112430.595536927436
2020-07-0112742.814867696843
2020-08-0112702.628791193607
2020-09-0112672.805886281463
2020-10-0112611.691960481772
2020-11-0112824.741496441979
2020-12-0112883.7540013357
2021-01-0112796.09884162771
2021-02-0112621.24910761578
2021-03-0112505.67095778735
2021-04-0112612.814637404143
2021-05-0112659.679202266081
2021-06-0112788.096170232366
2021-07-0112918.556985929117
2021-08-0112912.655735439745
2021-09-0112799.06386016627
2021-10-0112800.791055431453
2021-11-0112812.017824655137
2021-12-0112827.96559427032
2022-01-0112570.584713170441
2022-02-0112420.520231213874
2022-03-0112102.054210902055
2022-04-0111670.975059300372
2022-05-0111667.750961472033
2022-06-0111390.248255532782
2022-07-0111742.59608962992
2022-08-0111437.256753333486
2022-09-0110964.753701955186
2022-10-0110870.27612094973
2022-11-0111288.574027589068
2022-12-0111219.486216981784
2023-01-0111666.51313819865
2023-02-0111322.657347488659
2023-03-0111578.368606498861
2023-04-0111655.084862860698
2023-05-0111526.955760771942
2023-06-0111555.627202173964
2023-07-0111557.066531561615
2023-08-0111493.333026276398
2023-09-0111203.394514427839
2023-10-0111027.59482302006
2023-11-0111521.112083458076
2023-12-0111984.000414526863
2024-01-0111951.874582594479
2024-02-0111821.845565714022
2024-03-0111929.536190498122
2024-04-0111648.204868387722
2024-05-0111865.111807106834
2024-06-0111974.09782833982
2024-07-0112258.279022637773
2024-08-0112433.934781106787
2024-09-0112600.234898556066
2024-10-0112306.870782764894
2024-11-0112456.992837896967
2024-12-0112239.510167422794
2025-01-0112325.98507703291
2025-02-0112603.372636621147
2025-03-0112588.14453169979
2025-04-0112623.897473689058
2025-05-0112567.389401929853
2025-06-0112766.50622941759
2025-07-0112753.840130806255
2025-08-0112903.444027358775
2025-09-0113052.097966515441
2025-10-0113133.01706468922
2025-11-0113212.352900536582
2025-12-0113165.776201552173
2026-01-0113201.81700941897
2026-02-0113423.185869239804
2026-03-0113132.441332934159
2026-04-0113207.28646109205
Annual Return Matrix
YearAnnual Return
20170.035214692731563746
2018-0.005677920178105866
20190.09817387148909229
20200.09414741474147426
2021-0.004330136003807383
2022-0.125388501042361
20230.06814164060274996
20240.02132090654688268
20250.07567835815805513
20260.0031528911705929197
Total Factor Risk
0.06902216260764497
VTI.US Exposure
0.04342265068747839
VEA.US Exposure
0.03138242946032281
VWO.US Exposure
-0.00457087624717046
QQQ.US Exposure
-0.015085217343168018
VTV.US Exposure
0.00202443879144736
IJR.US Exposure
-0.002920490342775248
QUAL.US Exposure
-0.03429753225997297
SHV.US Exposure
0.48924793964416957
TLT.US Exposure
0.1217976975588572
LQD.US Exposure
0.30365560272977393
HYG.US Exposure
-0.005228017902751796
GLD.US Exposure
0.0003230502415585345
USO.US Exposure
0.003651146170257694
VNQ.US Exposure
0.007905517730285642
BTC-USD.CC Exposure
-0.0011998369989071086
CPER.US Exposure
-0.0043135399103214
VIX.INDX Exposure
-0.0033925106094479635
UUP.US Exposure
0.0005157539243308669
TIP.US Exposure
0.05513352364159528
Idiosyncratic Exposure
0.011948271034437526
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
55.7
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
6.9%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →4.64%
Market Cap$2.2B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$98
Avg Yield on Cost
0.98%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$97.590.98%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.9%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.6% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.97
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Fidelity® Total Bond ETF a high-risk investment?

Fidelity® Total Bond ETF (FBND.US) has an annualized volatility of 6.9% and experienced a maximum drawdown of 15.9% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of FBND.US?

Over the past 10 years, FBND.US has generated a Compound Annual Growth Rate (CAGR) of 2.6%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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