Fidelity Total Bond ETF (FBND) Performance
FBND total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.1% since Dec 31, 2025
- 1 year
- −1.2% total return
- 5 years
- +0.4% a year
- 10 years
- +2.1% a year
- Since first price
- +2.4% a year since 2014
FBND trailing returns vs SPY, QQQ, AGG
| Period | FBND total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.6% | +0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.8% | −2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.8% | −4.0% | +7.8% | +8.4% | −1.5% |
| YTD | −1.1% | −4.3% | +12.3% | +15.1% | −1.0% |
| 1 year | −1.2% | −5.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +18.3%+5.8%/yr | +2.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +2.2%+0.4%/yr | −16.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +22.8%+2.1%/yr | −13.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionOct 9, 2014 | +32.3%+2.4%/yr | −12.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FBND vs SPY
From Oct 9, 2014: FBND grew to $13,229, SPY to $48,118.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FBND returns by calendar year
7 of 11 full years positive. Best 2019 (+9.8%), worst 2022 (−12.5%). 2026 is year to date.
FBND annual returns table
| Year | FBND | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −1.1% | −4.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.6% | −2.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.1% | −3.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +6.8% | −6.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.5% | −15.8% | −18.2% | −32.6% | −13.0% |
| 2021 | −0.4% | −3.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +9.4% | −16.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +9.8% | −1.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −0.6% | −2.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +3.5% | −1.6% | +21.7% | +32.7% | +3.6% |
| 2016 | +6.7% | −3.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −1.0% | −4.8% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FBND largest drawdowns
Now 3.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 14, 2021 | −17.3% | Oct 20, 2022 | Sep 4, 2025 | 1.1 years | 4.0 years |
| Mar 6, 2020 | −16.1% | Mar 18, 2020 | May 27, 2020 | 12 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FBND risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +4.5% | +0.0% | +1.9% | +2.2% |
| Volatility (annualized) | 5.6% | 6.6% | 5.3% | 5.0% |
| Sharpe ratio | 0.04 | -0.52 | -0.05 | 0.09 |
| Sortino ratio | 0.06 | -0.67 | -0.07 | 0.12 |
| Best month | +4.5% | +4.5% | +4.5% | +4.5% |
| Worst month | −2.9% | −4.1% | −4.1% | −4.1% |
| Best 12 months | +12.5% | +12.5% | +12.5% | +12.5% |
| Worst 12 months | −1.9% | −15.1% | −15.1% | −15.1% |
| Positive months | 64% | 55% | 59% | 59% |
| Beta vs S&P 500 | 0.23 | 0.28 | 0.18 | — |
| Correlation with S&P 500 | 0.52 | 0.66 | 0.52 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FBND rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 133 | −15.1% | +3.1% | +12.5% | 73% |
| 3-year (a year) | 109 | −4.4% | +3.0% | +6.6% | 72% |
| 5-year (a year) | 85 | +0.0% | +1.6% | +5.7% | 100% |
| 10-year (a year) | 25 | +1.9% | +2.5% | +3.2% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
FBND performance overview
Fidelity Total Bond ETF (FBND) returned −1.2% over the past year and +2.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +2.4% a year, turning $10,000 into about $13,229. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −17.3%, from Sep 14, 2021 to Oct 20, 2022, and it took 2.9 years to get back to the old high. FBND finished 7 of its 11 full calendar years with a gain; the best year was 2019 (+9.8%) and the worst 2022 (−12.5%). Volatility has been 5.0% a year.
Related: FBND chart, FBND dividends. See the FBND overview for the latest quote and fund facts.
FBND performance FAQ
What is the FBND return over the past year?
FBND returned −1.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.7%.
What is the average annual return of FBND?
FBND has returned +0.4% a year over 5 years, +2.1% a year over 10 years, +2.4% a year since October 9, 2014 (total return, distributions reinvested).
How much would $10,000 invested in FBND be worth?
$10,000 invested in FBND at its first recorded close on October 9, 2014 would be worth about $13,229 on October 23, 2026 with distributions reinvested.
What was the worst year for FBND?
The worst calendar year was 2022, with a total return of −12.5%. The best was 2019 at +9.8%.
What is the biggest drawdown of FBND?
The largest peak-to-trough decline was −17.3% between September 14, 2021 and October 20, 2022. It recovered to the old high on September 4, 2025, 2.9 years after the bottom.
How volatile is FBND?
Over the past 3 years FBND had an annualized volatility of 5.6% and a Sharpe ratio of 0.04 (excess return over 1–3 month T-bills per unit of risk).