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

In the year to Oct 28, 2026, with distributions reinvested, FBND returned −1.5% and SYSB −1.9%.

Which is cheaper, FBND or SYSB?

SYSB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

FBND vs SYSB: Differences, Returns & Fees

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FBND's duration was 5.6 years on Aug 31, 2026 and SYSB's 5.9 on Jul 31, 2026; SYSB charges 0.25% to FBND's 0.36%.

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Net assets: $27.9bn on Sep 30, 2026 for Fidelity Total Bond ETF, and $1.4bn on Oct 27, 2026 for iShares Systematic Bond ETF.

FBND on its own →SYSB on its own →

At a glance

−1.5%

FBND total return, 1 year

−1.9%

SYSB total return, 1 year

0.36%

FBND expense ratio

0.25%

SYSB expense ratio

Pair scorecard

SYSB costs 0.11 points a year less; their one-year returns differ by 0.4 points; FBND is far larger, $27.9bn against $1.3bn.

FBND vs SYSB: Differences, Returns & Fees
Measure	FBND	SYSB
Return
Measure	FBND	SYSB
Total return, 1 year	−1.5%	−1.9%
Drawdown
Measure	FBND	SYSB
Below its high		3.3%, high on Feb 27, 2026
Benchmark
Measure	FBND	SYSB
What it tracks	No index, actively managed	BlackRock Universal Systematic Bond Index
Cost and size
Measure	FBND	SYSB
Expense ratio	0.36%	0.25%
Net assets, as of Sep 30, 2026	$27.9bn	$1.3bn
Holdings
Measure	FBND	SYSB
Holdings in common	8%

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

Risk and return

Mar 6, 2015 to Oct 23, 2026 · 607 weekly returns

FBND SYSB

Return

Total return edge FBND (slight) +30.3% +28.7%

Annualized edge FBND (slight) +2.3% +2.2%

Price return edge FBND (slight) −12.7% −14.1%

Risk

Volatility edge SYSB 5.7% 5.0%

Max drawdown edge FBND (slight) −16.8% −17.9%

Risk-adjusted

Sharpe edge FBND 0.04 0.02

Sortino edge FBND 0.06 0.03

Calmar edge FBND 0.14 0.12

Reading

FBND returned slightly more: +30.3% to +28.7%. SYSB swung less: 5.0% to 5.7%. FBND fell slightly less at its worst: −16.8% to −17.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FBND vs SYSB: Differences, Returns & Fees
Measure	FBND	SYSB	Edge	How it is measured
Return
Total return	+30.3%	+28.7%	FBND (slight)	Price change plus distributions, reinvested.
Annualized	+2.3%	+2.2%	FBND (slight)	Total return as a yearly rate.
Price return	−12.7%	−14.1%	FBND (slight)	Price change alone, distributions left out.
Risk
Volatility	5.7%	5.0%	SYSB	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	4.1%	3.8%	SYSB (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−16.8%	−17.9%	FBND (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.04	0.02	FBND	Return above Treasury bills per unit of volatility.
Sortino	0.06	0.03	FBND	Return above Treasury bills per unit of downside deviation.
Calmar	0.14	0.12	FBND	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 607 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FBND and SYSB hold 8% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

8% in common

Positions both hold · largest shared weight first FBND SYSB

UST NOTES 4.25% 08/15/2035, due Aug 15, 2035 1.97% 2.16%

UST NOTES 4.25% 05/15/2035, due May 15, 2035 1.04% 2.34%

UST NOTES 4.25% 11/15/2034, due Nov 15, 2034 0.92% 0.99%

UST NOTES 3.375% 05/15/2033, due May 15, 2033 0.53% 1.60%

UST NOTES 4.25% 05/31/2033, due May 31, 2033 0.23% 2.11%

MORGAN STANLEY 4.431%/VAR 01/23/2030, due Jan 23, 2030 0.32% 0.16%

WELLS FARGO and CO NEW 4.897%/VAR 07/25/2033, due Jul 25, 2033 0.15% 0.15%

JPMORGAN CHASE and CO 4.452%/VAR 12/05/2029, due Dec 5, 2029 0.36% 0.15%

GNII II 2.5% 12/20/2051#MA7767, due Dec 20, 2051 0.14% 0.36%

UNITED STATES TREASURY BOND 3% 08/15/2052, due Aug 15, 2052 0.13% 1.68%

CAPITAL ONE FIN CORP 5.247%/VAR 07/26/2030, due Jul 26, 2030 0.13% 0.13%

T-MOBILE USA INC 3.875% 04/15/2030, due Apr 15, 2030 0.14% 0.12%

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%

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%

UST NOTES 3.875% 12/31/2032, due Dec 31, 2032 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 SYSB

U.S. Treasury Bonds, due Aug 15, 2040 3.17%

U.S. Treasury Bonds, due Aug 15, 2047 3.08%

U.S. Treasury Bonds, due Aug 15, 2046 1.52%

U.S. Treasury Bonds, due Aug 15, 2041 1.46%

U.S. Treasury Bonds, due Nov 15, 2044 1.35%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 1.10%

U.S. Treasury Bonds, due Nov 15, 2047 1.07%

U.S. Treasury Bonds, due Nov 15, 2041 0.95%

Check overlap with more funds →

Side by side

FBND Fidelity Total Bond ETF SYSB iShares Systematic Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Fidelity iShares

What it is Actively managed Tracks an index

Total return, 1 year −1.5% −1.9%

Its benchmark over the same days not measured −1.2% (IUSB)

Gap to its benchmark not measured −0.7 pts vs IUSB

Expense ratio 0.36% 0.25%

Holdings 4696 853

Net assets, FBND as of Sep 30, 2026 and SYSB as of Oct 27, 2026 $27.9bn $1.4bn

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

Client brief · page 1 of 2 Report BR-D04F7BC462

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

What each follows. FBND follows No index, actively managed and SYSB follows BlackRock Universal Systematic Bond Index.
Holdings in common. 8% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jul 31, 2026).
Number of holdings. FBND holds 4,696 positions and SYSB holds 853.

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.

SYSB

SYSB tracks an index. Over the year to Oct 28, 2026 it returned −1.9% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.25% a year. It sat 3.3% below its high of Feb 27, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, FBND or SYSB?: In the year to Oct 28, 2026, with distributions reinvested, FBND returned −1.5% and SYSB −1.9%.
Which is cheaper, FBND or SYSB?: SYSB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

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

Where to next

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

Sources and dates

FBND filings on SEC EDGAR ↗

FBND prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

SYSB filings on SEC EDGAR ↗

SYSB prospectus with the expense ratio (SEC) ↗

iShares page for SYSB ↗

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 SYSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/fbnd-vs-sysb

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