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Compare/Updated Oct 26, 2026, refreshed every trading day

FTBFX vs FXNAX

Fidelity Total Bond against Fidelity U.S. Bond Index Fund: 4 years of returns, risk and today’s technical read, from Kavout’s own data.

FTBFXFidelity Total Bond
$1,144
+14.4% since Oct 28, 2022
$9.23 today-0.2%
FXNAXFidelity U.S. Bond Index Fund
$1,093
+9.3% since Oct 28, 2022
$10.13 today-0.2%
Growth of $1,000adjusted closes, dividends included
$960$1,033$1,105$1,177$1,2502023202420252026FTBFX $1,144FXNAX $1,093
FTBFXFXNAX1000 trading days, Kavout market data
The short answer

FTBFX did better over the 1,000-trading-day period: $1,000 invested on October 28, 2022 grew to $1,144, versus $1,093 for FXNAX, a 14.4% versus 9.3% total return. FTBFX also led over three years, 9.5% versus 9.4%, although FXNAX had better results over the shorter listed periods from one month through one year. The difference matters because FTBFX delivered higher cumulative growth despite highly similar daily performance: correlation was 0.930, and FTBFX moved 0.93% for each 1% move in FXNAX. Risk was comparable, with 12-month volatility of 4.0% for FTBFX versus 3.9% for FXNAX. FTBFX’s worst drawdown was -7.2%, compared with -7.5% for FXNAX. FTBFX won 27 of the last 48 months, while FXNAX won 21, with a typical monthly gap of 0.14 points.

FTBFXFidelity Total Bond
$9.23-0.2% today
  • Technical indicators are not available for this ticker yet.
FXNAXFidelity U.S. Bond Index Fund
$10.13-0.2% today
  • Technical indicators are not available for this ticker yet.

Head to head

Which has returned more, FTBFX or FXNAX?

FTBFX beat FXNAX in 27 of the last 48 months; FXNAX won the other 21. The typical monthly gap was 0.14 points.

Total return by period

FTBFXFXNAX
1 month
+0.8%
+1.0%
3 months
-2.2%
-1.7%
6 months
-4.2%
-3.6%
YTD
-4.6%
-4.1%
1 year
-5.7%
-5.1%
3 years
+9.5%
+9.4%
Since 2022-10
+14.4%
+9.3%

Which is riskier?

Volatility, last 12 months
4.0%
3.9%
Worst drawdown since 2022
-7.2%
-7.5%

FTBFX: Oct 21, 2025 to Oct 5, 2026; FXNAX: Apr 5, 2023 to Oct 19, 2023

0.930
correlation of daily moves, 4 years
0.93
FTBFX move per 1% in FXNAX
0.973
correlation, last 12 months

Month by month

FTBFX led 27
FXNAX led 21

Of the last 48 months. The typical gap was 0.14 points.

When did they diverge?

MonthFTBFXFXNAXGap
January 2023+7.2%+3.2%+3.98 pts
March 2023+1.8%+2.5%-0.67 pts
June 2023+0.1%-0.3%+0.47 pts
October 2023-2.1%-1.7%-0.44 pts

Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.

Holdings and fees

What do you actually own with FTBFX and FXNAX?

FTBFX
Fidelity Total Bond
Price
$9.23
0.930
correlation
FXNAX
Fidelity U.S. Bond Index Fund
Price
$10.13

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