Which returned more over the last year, FBND or PTRB?

In the year to Oct 28, 2026, with distributions reinvested, FBND returned −1.5% and PTRB −1.6%.

Which is cheaper, FBND or PTRB?

FBND is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

FBND vs PTRB: Differences, Returns & Fees

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FBND's duration was 5.6 years on Aug 31, 2026 and PTRB's 5.9 on May 29, 2026; FBND charges 0.36% to PTRB's 0.49%.

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Net assets: $27.9bn on Sep 30, 2026 for Fidelity Total Bond ETF, and $1.2bn on Oct 27, 2026 for PGIM Total Return Bond ETF.

FBND on its own →PTRB on its own →

At a glance

−1.5%

FBND total return, 1 year

−1.6%

PTRB total return, 1 year

0.36%

FBND expense ratio

0.49%

PTRB expense ratio

Pair scorecard

FBND costs 0.13 points a year less; their one-year returns differ by 0.1 points.

FBND vs PTRB: Differences, Returns & Fees
Measure	FBND	PTRB
Return
Measure	FBND	PTRB
Total return, 1 year	−1.5%	−1.6%
Drawdown
Measure	FBND	PTRB
Below its high		3.2%, high on Feb 27, 2026
Benchmark
Measure	FBND	PTRB
What it tracks	No index, actively managed	No index, actively managed
Cost and size
Measure	FBND	PTRB
Expense ratio	0.36%	0.49%
Net assets, FBND as of Sep 30, 2026 and PTRB as of Oct 27, 2026	$27.9bn	$1.2bn
Holdings
Measure	FBND	PTRB
Holdings in common	6%

Holdings in common uses holdings dated May 29, 2026 and Aug 31, 2026. Method

Risk and return

Dec 17, 2021 to Oct 23, 2026 · 253 weekly returns

FBND PTRB

Return

Total return edge FBND +1.4% −0.4%

Annualized edge FBND +0.3% −0.1%

Price return edge FBND −17.1% −20.0%

Risk

Volatility edge FBND (slight) 5.8% 6.0%

Max drawdown edge FBND −16.3% −19.0%

Risk-adjusted

Sharpe edge FBND (slight) −0.62 −0.66

Sortino edge FBND (slight) −0.83 −0.86

Calmar edge FBND 0.02 0.00

Reading

FBND returned more: +1.4% to −0.4%. FBND swung slightly less: 5.8% to 6.0%. FBND fell less at its worst: −16.3% to −19.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FBND vs PTRB: Differences, Returns & Fees
Measure	FBND	PTRB	Edge	How it is measured
Return
Total return	+1.4%	−0.4%	FBND	Price change plus distributions, reinvested.
Annualized	+0.3%	−0.1%	FBND	Total return as a yearly rate.
Price return	−17.1%	−20.0%	FBND	Price change alone, distributions left out.
Risk
Volatility	5.8%	6.0%	FBND (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	4.3%	4.6%	FBND (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−16.3%	−19.0%	FBND	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.62	−0.66	FBND (slight)	Return above Treasury bills per unit of volatility.
Sortino	−0.83	−0.86	FBND (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.02	0.00	FBND	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 253 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FBND and PTRB hold 6% of their money in the same securities at the same weight. Holdings dated May 29, 2026 and Aug 31, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first FBND PTRB

UST NOTES 4% 01/31/2033, due Jan 31, 2033 1.09% 2.05%

UNITED STATES TREASURY BOND 4% 11/15/2052, due Nov 15, 2052 0.75% 0.61%

UST NOTES 3.875% 12/31/2032, due Dec 31, 2032 1.36% 0.52%

UST NOTES 3.75% 11/30/2032, due Nov 30, 2032 0.38% 3.67%

UST NOTES 3.875% 08/15/2033, due Aug 15, 2033 0.32% 1.12%

UST NOTES 4% 11/15/2035, due Nov 15, 2035 0.87% 0.27%

UNITED STATES TREASURY BOND 2.25% 08/15/2049, due Aug 15, 2049 0.23% 0.53%

UST NOTES 4.25% 03/31/2033, due Mar 31, 2033 0.31% 0.17%

UNITED STATES TREASURY BOND 4.75% 05/15/2055, due May 15, 2055 0.93% 0.13%

UNITED STATES TREASURY BOND 4.625% 11/15/2044, due Nov 15, 2044 0.12% 3.15%

WILLIAMS COS INC 3.5% 11/15/2030, due Nov 15, 2030 0.18% 0.12%

BX Trust 2025-ROIC VAR 03/15/2030 144A, due Mar 15, 2030 0.13% 0.11%

Only in one fund ↓

Only in FBND

UST NOTES 4.375% 05/15/2036, due May 15, 2036 2.73%

UST NOTES 4.125% 02/15/2036, due Feb 15, 2036 2.04%

UMBS 30YR 2% 09/01/2056 #TBA, due Sep 1, 2056 1.99%

UST NOTES 4.25% 08/15/2035, due Aug 15, 2035 1.97%

UNITED STATES TREASURY BOND 4.25% 02/15/2054, due Feb 15, 2054 1.37%

UNITED STATES TREASURY BOND 5% 05/15/2056, due May 15, 2056 1.36%

GNII II 5.5% 09/01/2056 #TBA, due Sep 1, 2056 1.28%

UMBS 30YR 2% 10/01/2056 #TBA, due Oct 1, 2056 1.25%

Only in PTRB

T 3.625 12/31/30, due Dec 31, 2030 2.28%

T 3.5 12/15/28, due Dec 15, 2028 1.54%

T 4 11/15/42, due Nov 15, 2042 1.08%

CBAMR 2017-2 LTD, due Apr 17, 2039 0.92%

T 3 02/15/49, due Feb 15, 2049 0.90%

T 5 05/15/45, due May 15, 2045 0.83%

T 3.375 02/29/28, due Feb 29, 2028 0.82%

PGIM Corporate Bond 5-10 Year ETF 0.77%

Check overlap with more funds →

Side by side

FBND Fidelity Total Bond ETF PTRB PGIM Total Return Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Fidelity PGIM

What it is Actively managed Actively managed

Total return, 1 year −1.5% −1.6%

Its benchmark over the same days not measured −1.4% (AGG)

Gap to its benchmark not measured −0.2 pts vs AGG

Expense ratio 0.36% 0.49%

Holdings 4696 1161

Net assets, FBND as of Sep 30, 2026 and PTRB as of Oct 27, 2026 $27.9bn $1.2bn

FBND and PTRB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-A2FAA3A5D3

FBND and PTRB are built for the same job. How do they differ in cost, holdings and results?

Holdings in common. 6% of the weight is in the same securities (holdings dated Aug 31, 2026 and May 29, 2026).
Number of holdings. FBND holds 4,696 positions and PTRB holds 1161.
Cost. FBND charges 0.36% of assets a year and PTRB 0.49%, a gap of 0.13 points.

Data as of Oct 28, 2026.

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About each fund

FBND

FBND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.36% a year.

PTRB

PTRB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.6% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.49% a year. It sat 3.2% below its high of Feb 27, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FBND or PTRB?: In the year to Oct 28, 2026, with distributions reinvested, FBND returned −1.5% and PTRB −1.6%.
Which is cheaper, FBND or PTRB?: FBND is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FBND vs SYSB FBND vs UBND FBND vs VPLS FBND vs HTRB IUSB vs PTRB FIXD vs PTRB PTRB vs SMTH FTCB vs PTRB

Where to next

FBND on its own →PTRB on its own →Hold both: look the portfolio through →Rankings →FBND dividend history →FBND holdings →PTRB dividend history →PTRB holdings →Standards and sources →

Sources and dates

FBND filings on SEC EDGAR ↗

FBND prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

PTRB filings on SEC EDGAR ↗

PTRB prospectus with the expense ratio (SEC) ↗

PGIM website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, FBND against PTRB, data as of Oct 28, 2026. https://etfiq.com/compare/any/fbnd-vs-ptrb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.