FBNDvsHYDETF Comparison
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Fidelity Total Bond ETF (FBND) belongs to the Intl Aggregate Bonds segment. VanEck High Yield Muni ETF (HYD) is part of the Municipal Bonds segment. FBND's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, HYD's top sector exposures are Municipal. FBND is more expensive with a Total Expense Ratio (TER) of 0.36%, versus 0.32% for HYD. FBND is down -0.88% year-to-date (YTD) with +$6.13B in YTD flows. HYD performs better with -0.34% YTD performance, and +$632M in YTD flows. Run a side-by-side ETF comparison of FBND and HYD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FBND vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FBND HYD | +1.62%+3.33% | -0.93%-2.07% | -0.88%-0.34% | -1.17%-0.06% | +18.25%+16.76% | +1.75%-2.64% |
| Flows | FBND HYD | +$44M+$511M | +$1.88B+$159M | +$6.13B+$632M | +$7.70B+$1.08B | +$23.49B+$2.00B | +$27.58B+$1.75B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FBND HYD | +4.59%+5.90% | +3.84%+3.74% | +4.79%+4.49% | +5.61%+4.68% |
| Max drawdown | FBND HYD | -3.50%-6.09% | -4.67%-6.77% | -4.67%-6.77% | -17.01%-19.44% |
| Max drawdown duration | FBND HYD | 63d75d | 240d113d | 240d113d | 1387d1758d |
Trading data
FBND | HYD | |
Last sale 10/27/2026 at 1:30 PM | $44.15 | $49.45 |
| Previous close 10/26/2026 | $44.10 | $49.48 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 28, 2026
1-year trailing difference
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FBND
is actively managed and doesn’t replicate an indexFBND | HYD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
FBND | HYD | |
|---|---|---|
| Last price | $44.15 | $49.45 |
| 1D performance | +0.11% | -0.06% |
| AuM | $28.42 B | $4.50 B |
| E/R | 0.36% | 0.32% |
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Exposure
Countries
FBND
USA
62.09%
Other
37.91%
HYD
USA
60.08%
Other
39.92%
Sectors
FBND
Sovereign
38.37%
Finance
12.68%
Other
48.95%
HYD
Municipal
60.08%
Other
39.92%
Diversification
FBND
Total weight of top 15 holdings out of 15
22.55%
HYD
Total weight of top 15 holdings out of 15
8.65%
Top 15 holdings
Data as of August 31, 2026
FBND
US31635A1051
3.23%
USA, Notes 4.375% 15may2036, USD (C-2036)
2.73%
USA, Notes 4.125% 15feb2036, USD (B-2036)
2.04%
USA, Notes 4.25% 15aug2035, USD (E-2035)
1.97%
USA, Bonds 4.25% 15feb2054, USD
1.37%
USA, Bonds 5% 15may2056, USD
1.36%
USA, Notes 3.875% 31dec2032, USD (T-2032)
1.36%
US01F0206A20
1.26%
USA, Bonds 4.5% 15nov2054, USD
1.13%
USA, Notes 4% 31jan2033, USD (G-2033)
1.09%
USA, Notes 4.125% 31mar2032, USD (J-2032)
1.07%
USA, Notes 4.25% 15may2035, USD (C-2035)
1.04%
USA, Bonds 4.75% 15aug2055, USD
1.00%
US21H0526A19
0.96%
USA, Notes 4.125% 31may2032, USD (L-2032)
0.94%
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.01%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.79%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.62%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.61%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.52%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
US442349GA89
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
Frequently asked questions about FBND and HYD
How have the FBND and HYD ETFs performed in 2026?
As of October 27, 2026, FBND is down -0.88% year-to-date (YTD), while HYD has lost -0.34%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: FBND or HYD?
Year-to-date, the FBND ETF saw +$6.13B in flows, compared to +$632M for HYD.
Which ETF is more volatile: FBND or HYD?
Over the past year, FBND had a volatility of 3.84%, while HYD experienced 3.74%.
Which ETF is bigger: FBND or HYD?
As of October 27, 2026, FBND holds $28.42 B in assets under management (AUM), while HYD manages $4.50 B.
What sectors do the FBND and HYD ETFs invest in?
FBND leans toward sectors like Sovereign and Finance. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the FBND ETF and HYD ETF?
FBND top holdings include US31635A1051, USA, Notes 4.375% 15may2036, USD (C-2036) and USA, Notes 4.125% 15feb2036, USD (B-2036). HYD holds in its top three: Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B).
Which ETF is more diversified: FBND or HYD?
FBND holds 2204 securities with 22.55% of its assets in the top 15. HYD has 1443 securities and a top 15 weight of 8.65%.
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