Fidelity Investment Grade Bond ETF (FIGB)
The ETF seeks to invest primarily in investment-grade debt securities and repurchase agreements, allocating assets across various sectors and maturities, analyzing issuer credit quality and security-specific features for investment selection. It includes investments in both domestic and foreign issuers.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Mar 2, 2021 |
| Category | Intermediate Core Bond |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Bond |
Expense Ratio
FIGB features an expense ratio of 0.36%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FIGB vs. FBND, FIGB vs. FCNVX, FIGB vs. FTBD, FIGB vs. AGG, FIGB vs. TLT, FIGB vs. MUB, FIGB vs. IUSB, FIGB vs. FHLC, FIGB vs. FSELX, FIGB vs. SRLN
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Investment Grade Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Investment Grade Bond ETF had a return of 2.28% year-to-date (YTD) and 9.04% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.28% | 25.70% |
| 1 month | -0.59% | 3.51% |
| 6 months | 4.29% | 14.80% |
| 1 year | 9.04% | 37.91% |
| 5 years (annualized) | N/A | 14.18% |
| 10 years (annualized) | N/A | 11.41% |
Monthly Returns
The table below presents the monthly returns of FIGB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.51% | -1.72% | 1.51% | -2.68% | 1.95% | 1.20% | 1.93% | 1.60% | 1.24% | -2.22% | 2.28% | ||
| 2023 | 3.37% | -2.24% | 2.37% | 0.74% | -1.11% | -0.14% | -0.02% | -0.61% | -2.86% | -1.24% | 4.71% | 3.80% | 6.65% |
| 2022 | -1.83% | -1.27% | -2.86% | -3.94% | 0.21% | -1.57% | 2.38% | -2.51% | -4.59% | -1.26% | 3.64% | -0.42% | -13.43% |
| 2021 | -0.48% | 0.77% | 0.41% | 1.08% | 0.95% | -0.13% | -0.87% | 0.11% | 0.18% | -0.24% | 1.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FIGB is 29, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Investment Grade Bond ETF provided a 4.16% dividend yield over the last twelve months, with an annual payout of $1.79 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $1.79 | $1.65 | $1.04 | $0.55 |
Dividend yield | 4.16% | 3.79% | 2.44% | 1.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Investment Grade Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.15 | $0.16 | $0.14 | $0.15 | $0.15 | $0.16 | $0.14 | $0.15 | $0.14 | $0.14 | $0.00 | $1.49 | |
| 2023 | $0.13 | $0.13 | $0.12 | $0.15 | $0.14 | $0.14 | $0.11 | $0.14 | $0.14 | $0.15 | $0.15 | $0.15 | $1.65 |
| 2022 | $0.06 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.11 | $0.12 | $0.11 | $1.04 |
| 2021 | $0.04 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.55 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Investment Grade Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Investment Grade Bond ETF was 18.08%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Fidelity Investment Grade Bond ETF drawdown is 6.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.08% | Sep 15, 2021 | 280 | Oct 24, 2022 | — | — | — |
| -1.04% | Aug 4, 2021 | 7 | Aug 12, 2021 | 22 | Sep 14, 2021 | 29 |
| -0.98% | Mar 5, 2021 | 10 | Mar 18, 2021 | 17 | Apr 13, 2021 | 27 |
| -0.97% | May 10, 2021 | 3 | May 12, 2021 | 16 | Jun 4, 2021 | 19 |
| -0.52% | Jul 9, 2021 | 3 | Jul 13, 2021 | 4 | Jul 19, 2021 | 7 |
Volatility
Volatility Chart
The current Fidelity Investment Grade Bond ETF volatility is 1.73%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.