FBND vs UCON
Fidelity Total Bond ETF against First Trust Smith Unconstrained Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
3%
83 shared positions
Fee gap
50 bp
FBND is cheaper
1-year return gap
0.2 pts
UCON is ahead
Larger fund
FBND
$28.2B
Side by side
| FBND | UCON | |
|---|---|---|
| Fund | Fidelity Total Bond ETF | First Trust Smith Unconstrained Bond ETF |
| Issuer | Fidelity | First Trust |
| Category | Core Bond | Core Bond |
| Expense ratio | 0.36% | 0.86% |
| Assets | $28.2B | $3.1B |
| Average daily dollar volume | $210M | $19M |
| Listed | Oct 6, 2014 | Jun 4, 2018 |
| FrenzyCap score | 79 | 60 |
| 1-month return | −1.3% | −2.2% |
| 3-month return | −2.6% | −2.9% |
| Year to date | −5.0% | −5.4% |
| 1-year return | −6.4% | −6.2% |
| 30-day volatility | 5.4% | 5.0% |
| Worst drawdown, 1 year | −7.7% | −6.3% |
| Trailing 12-month yield | 4.83% | 4.83% |
| Holdings | 4,880 | 454 |
| Top 10 weight | 14.6% | 13.7% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$1.6B thru May 2026 | +$65M thru May 2026 |
| 30-day implied volatility | 8.5% | — |
| Holdings as of | as of Oct 20, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
5% of FBND · 19% of UCON| Holding | FBND | UCON |
|---|---|---|
| USTN 4.375% 05/15/36, due May 15, 2036 | 2.63% | 1.03% |
| USTB 5% 05/15/56, due May 15, 2056 | 1.36% | 0.69% |
| SPACE EXPL 5.35% 07/15/31 144A, due Jul 15, 2031 | 0.13% | 0.31% |
| HCA INC 3.5% 09/01/30, due Sep 1, 2030 | 0.15% | 0.09% |
| JPMC CO 6.117%/VAR 10/20/37, due Oct 20, 2037 | 0.07% | 0.08% |
| BOEING CO 6.528% 05/01/34, due May 1, 2034 | 0.06% | 0.48% |
| WELLSFARGO 5.499%/VAR 01/23/35, due Jan 23, 2035 | 0.06% | 0.14% |
| WELLSFARGO 5.605%/VAR 04/23/36, due Apr 23, 2036 | 0.06% | 0.20% |
| BAYER US FIN 5.125% 7/31 144A, due Jul 20, 2031 | 0.05% | 0.08% |
| AERCAP IRELAND 3% 10/29/28, due Oct 29, 2028 | 0.04% | 0.05% |
| USTN TII 1.875% 01/15/36, due Jan 15, 2036 | 0.04% | 0.52% |
| BX 20-VIV3 B 3.543% 3/44 144A, due Mar 9, 2044 | 0.03% | 0.10% |
| MORGAN STANL 5.659%/VAR 10/30, due Oct 29, 2030 | 0.03% | 0.19% |
| PR RNO PROPERTY 6.5% 5/31 144A, due May 1, 2031 | 0.03% | 0.14% |
| GILDAN 4.7% 10/30 144A, due Oct 7, 2030 | 0.03% | 0.63% |
| ASURION LLC 8.375% 2/1/34 144A, due Feb 1, 2034 | 0.02% | 0.09% |
| APLD COMPUTEC 9.25% 12/30 144A, due Dec 15, 2030 | 0.02% | 0.41% |
| COREWEAVE INC 9% 02/01/31 144A, due Feb 1, 2031 | 0.02% | 0.21% |
| ASURION LLC/ AS 8% 12/32 144A, due Dec 31, 2032 | 0.02% | 0.12% |
| GSINC 5.016%/VAR 10/23/35, due Oct 23, 2035 | 0.02% | 0.16% |
| FORD MOTOR CRED 4.97% 04/06/29, due Apr 6, 2029 | 0.01% | 0.49% |
| SKYDANCE 8.875% 10/34 144A, due Oct 15, 2034 | 0.01% | 0.09% |
| KENNEDY-WILSON 7.25% 6/33 144A, due Jun 1, 2033 | 0.01% | 0.50% |
| MSTDW 5.449%/VAR 07/20/29, due Jul 20, 2029 | 0.01% | 0.05% |
| SKYDANCE CORP 8.25% 10/31 144A, due Oct 15, 2031 | 0.01% | 0.26% |
Sector mix of the stock holdings
| Sector | FBND | UCON | Gap |
|---|---|---|---|
| Utilities | 0.0% | 0.2% | −0.2% |
| Industrials | 0.0% | 0.0% | +0.0% |
More: full overlap table · FBND holdings · UCON holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.