FBND — Fidelity Total Bond ETF

FBND Price Performance — Growth of $10,000

Value of a $10,000 investment in FBND over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

FBND Drawdown

The "underwater" chart: FBND's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Fidelity Total Bond ETF, trading under the ticker FBND, is a broad US bond fund issued by Fidelity Investments. With assets under management totaling $26.6 billion and a current share price of $45.16, the fund demonstrates significant investor adoption within its sector. It holds an overall rank of #321 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 55.3 out of 100. The fund charges an expense ratio of 0.36% while offering a dividend yield of 4.69%. This combination of a substantial asset base and a mid-tier ranking suggests it is a widely held option among the 7 ETFs tracked in the US Bonds - Broad category. The relatively high dividend yield contrasts with its average performance grade, indicating a focus on income generation relative to its capital appreciation metrics.

Over the most recent trading day, the fund posted a gain of +0.20%, followed by a weekly return of +0.13%. Monthly performance shows a decline of -1.08%, while the three-month return sits at -0.43%. The six-month return is slightly negative at -0.10%, but year-to-date performance has turned positive with a return of +0.25%. The one-year return stands at +3.68%, and the three-year annualized return is +15.20%. This pattern reveals a divergence where short-term fluctuations have been mixed or negative, yet the longer-term three-year horizon shows a distinct upward trend compared to the recent six-month period.

The fund carries a volatility label of Very Low and a beta of 0.98, suggesting its price movements generally align closely with the broader market while exhibiting subdued fluctuation. Despite this low volatility profile, the Sharpe ratio is recorded at -0.35, indicating that the risk-adjusted returns have been negative over the measured period. The maximum drawdown of -5.37% represents the largest peak-to-trough decline experienced by the fund. This combination of low volatility and a negative Sharpe ratio implies that while the fund avoids extreme price swings, it has struggled to generate sufficient excess returns to compensate for the risks taken during periods of market stress.

AI-generated summary based on the data on this page.

FBND Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 19.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FBND's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With FBND

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FBND's top 10 — ONEQ overlaps most, holding 1 of the same companies as FBND's top 10 (4.6% of FBND's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FBND Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 2.7M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $26.6B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: FBND is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

FBND Performance History

How FBND Compares to Other US Bonds - Broad ETFs