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

In the year to Oct 28, 2026, with distributions reinvested, FBND returned −1.5% and UBND −1.0%.

Which is cheaper, FBND or UBND?

FBND is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

FBND vs UBND: Differences, Returns & Fees

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FBND's duration was 5.6 years on Aug 31, 2026 and UBND's 5.6 on Jun 30, 2026; FBND charges 0.36% to UBND's 0.40%.

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Net assets: $27.9bn on Sep 30, 2026 for Fidelity Total Bond ETF, and $1.9bn on Jun 30, 2026 for VictoryShares Core Plus Bond ETF.

FBND on its own →UBND on its own →

At a glance

−1.5%

FBND total return, 1 year

−1.0%

UBND total return, 1 year

0.36%

FBND expense ratio

0.40%

UBND expense ratio

Pair scorecard

FBND costs 0.04 points a year less; their one-year returns differ by 0.5 points.

FBND vs UBND: Differences, Returns & Fees
Measure	FBND	UBND
Return
Measure	FBND	UBND
Total return, 1 year	−1.5%	−1.0%
Benchmark
Measure	FBND	UBND
What it tracks	No index, actively managed	No index, actively managed
Cost and size
Measure	FBND	UBND
Expense ratio	0.36%	0.40%
Net assets, FBND as of Sep 30, 2026 and UBND as of Jun 30, 2026	$27.9bn	$1.9bn
Holdings
Measure	FBND	UBND
Holdings in common	9%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

Risk and return

Oct 15, 2021 to Oct 23, 2026 · 262 weekly returns

FBND UBND

Return

Total return edge UBND +1.8% +2.9%

Annualized edge UBND +0.4% +0.6%

Price return edge UBND (slight) −17.0% −16.4%

Risk

Volatility edge Tie 5.7% 5.7%

Max drawdown edge UBND (slight) −16.7% −16.3%

Risk-adjusted

Sharpe edge UBND (slight) −0.59 −0.56

Sortino edge UBND (slight) −0.79 −0.72

Calmar edge UBND 0.02 0.04

Reading

UBND returned more: +2.9% to +1.8%. FBND and UBND swung about the same: 5.7% and 5.7%. UBND fell slightly less at its worst: −16.3% to −16.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FBND vs UBND: Differences, Returns & Fees
Measure	FBND	UBND	Edge	How it is measured
Return
Total return	+1.8%	+2.9%	UBND	Price change plus distributions, reinvested.
Annualized	+0.4%	+0.6%	UBND	Total return as a yearly rate.
Price return	−17.0%	−16.4%	UBND (slight)	Price change alone, distributions left out.
Risk
Volatility	5.7%	5.7%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	4.3%	4.4%	FBND (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−16.7%	−16.3%	UBND (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.59	−0.56	UBND (slight)	Return above Treasury bills per unit of volatility.
Sortino	−0.79	−0.72	UBND (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.02	0.04	UBND	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 262 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FBND and UBND hold 9% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

9% in common

Positions both hold · largest shared weight first FBND UBND

UST NOTES 4.125% 02/15/2036, due Feb 15, 2036 2.04% 1.19%

UST NOTES 4.25% 05/15/2035, due May 15, 2035 1.04% 1.01%

UST NOTES 4.25% 08/15/2035, due Aug 15, 2035 1.97% 0.90%

UNITED STATES TREASURY BOND 4.75% 02/15/2056, due Feb 15, 2056 0.90% 0.76%

UNITED STATES TREASURY BOND 4.625% 11/15/2055, due Nov 15, 2055 0.73% 0.77%

UST NOTES 3.375% 05/15/2033, due May 15, 2033 0.53% 1.43%

UNITED STATES TREASURY BOND 4.75% 08/15/2055, due Aug 15, 2055 1.00% 0.48%

UST NOTES 4.125% 04/30/2033, due Apr 30, 2033 0.34% 0.59%

UST NOTES 4.25% 03/31/2033, due Mar 31, 2033 0.31% 0.55%

UNITED STATES TREASURY BOND 4.125% 08/15/2053, due Aug 15, 2053 0.42% 0.26%

UNITED STATES TREASURY BOND 4.25% 08/15/2054, due Aug 15, 2054 0.66% 0.23%

UST NOTES 4.625% 02/15/2035, due Feb 15, 2035 0.79% 0.23%

Only in one fund ↓

Only in FBND

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

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%

UNITED STATES TREASURY BOND 4.5% 11/15/2054, due Nov 15, 2054 1.12%

Only in UBND

U S TREASURY BONDS, due Nov 15, 2039 2.23%

U S TREASURY BOND, due May 15, 2037 1.85%

U S TREASURY BONDS, due Feb 15, 2036 1.07%

FEDERAL NATIONAL MORTGAGE ASSOCIATION, due Nov 1, 2055 0.89%

FEDERAL HOME LOAN MORTGAGE CORPORATION, due Sep 1, 2055 0.85%

FEDERAL HOME LOAN MORTGAGE CORPORATION, due Dec 1, 2045 0.77%

FEDERAL HOME LOAN MORTGAGE CORPORATION, due Jul 1, 2055 0.72%

FEDERAL HOME LOAN MORTGAGE CORPORATION, due Nov 1, 2052 0.72%

Check overlap with more funds →

Side by side

FBND Fidelity Total Bond ETF UBND VictoryShares Core Plus Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Fidelity VictoryShares

What it is Actively managed Actively managed

Total return, 1 year −1.5% −1.0%

Expense ratio 0.36% 0.40%

Holdings 4696 1529

Net assets, FBND as of Sep 30, 2026 and UBND as of Jun 30, 2026 $27.9bn $1.9bn

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

Client brief · page 1 of 2 Report BR-6D3DA96FA4

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

Holdings in common. 9% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jun 30, 2026).
Number of holdings. FBND holds 4,696 positions and UBND holds 1529.
What each follows (similar). Both follow No index, actively managed.

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.

UBND

UBND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested. The prospectus expense ratio is 0.40% a year.

Questions people ask

Which returned more over the last year, FBND or UBND?: In the year to Oct 28, 2026, with distributions reinvested, FBND returned −1.5% and UBND −1.0%.
Which is cheaper, FBND or UBND?: FBND is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

FBND vs HTRB FBND vs GTO FBND vs SYSB FBND vs FTCB FTCB vs UBND GTO vs UBND HTRB vs UBND UBND vs VPLS

Where to next

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

Sources and dates

FBND filings on SEC EDGAR ↗

FBND prospectus with the expense ratio (SEC) ↗

Fidelity website ↗

UBND filings on SEC EDGAR ↗

UBND prospectus with the expense ratio (SEC) ↗

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

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