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 |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Bond |
Expense Ratio
FIGB has a high expense ratio of 0.36%, indicating higher-than-average management fees.
Share Price Chart
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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 -1.92% year-to-date (YTD) and 0.27% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.92% | 9.49% |
| 1 month | 0.90% | 1.20% |
| 6 months | 4.52% | 18.29% |
| 1 year | 0.27% | 26.44% |
| 5 years (annualized) | N/A | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
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% | -1.92% | ||||||||
| 2023 | 3.37% | -2.24% | 2.37% | 0.74% | -1.11% | -0.14% | -0.01% | -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 | -0.67% | 0.77% | 0.41% | 1.08% | 0.95% | -0.13% | -0.87% | 0.11% | 0.18% | -0.24% | 1.58% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FIGB is 14, indicating that it is in the bottom 14% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FIGB (Fidelity Investment Grade Bond ETF)
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 granted a 4.12% dividend yield in the last twelve months. The annual payout for that period amounted to $1.73 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $1.73 | $1.65 | $1.04 | $0.55 |
Dividend yield | 4.12% | 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 | $0.00 | $0.60 | |||||||
| 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.
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 10.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.08% | Sep 15, 2021 | 280 | Oct 24, 2022 | — | — | — |
| -1.17% | Mar 4, 2021 | 11 | Mar 18, 2021 | 19 | Apr 15, 2021 | 30 |
| -1.04% | Aug 4, 2021 | 7 | Aug 12, 2021 | 22 | Sep 14, 2021 | 29 |
| -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 1.49%, 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.