- Issuer
- Fidelity
- Inception Date
- Mar 2, 2021
- Category
- Intermediate Core Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $4B
Share Price Chart
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Performance
FSEC Performance Chart
Fidelity Investment Grade Securitized ETF (FSEC) is up 0.9% since the beginning of the year. FSEC is currently trading at $44 per share. Investors who bought $1,000 worth of FSEC shares 5 years ago would now be looking at an investment worth $1,027.
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Returns By Period
Fidelity Investment Grade Securitized ETF (FSEC) has returned 0.86% so far this year and 6.18% over the past 12 months.
Fidelity Investment Grade Securitized ETF
- 1D
- -0.18%
- 1M
- 0.41%
- YTD
- 0.86%
- 6M
- 0.87%
- 1Y
- 6.18%
- 3Y*
- 4.82%
- 5Y*
- 0.54%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FSEC Monthly Returns History
Based on dividend-adjusted daily data since Mar 4, 2021, FSEC's average daily return is 0.00%, while the average monthly return is +0.05%. At this rate, an investment would double in approximately 115.6 years.
Historically, 53% of months were positive and 47% were negative. The best month was Nov 2023 with a return of +5.4%, while the worst month was Sep 2022 at -4.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FSEC closed higher 50% of trading days. The best single day was Nov 10, 2022 with a return of +2.2%, while the worst single day was Apr 7, 2025 at -2.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.48% | 1.60% | -1.79% | 0.48% | 0.33% | -0.22% | 0.86% | ||||||
| 2025 | 0.55% | 2.29% | 0.31% | 0.35% | -0.93% | 1.66% | -0.46% | 1.38% | 1.26% | 0.94% | 0.62% | 0.10% | 8.33% |
| 2024 | -0.06% | -1.65% | 1.12% | -2.91% | 1.98% | 1.32% | 2.55% | 1.98% | 1.48% | -2.93% | 1.14% | -1.42% | 2.40% |
| 2023 | 3.27% | -2.54% | 1.79% | 0.64% | -0.66% | -0.57% | 0.02% | -0.65% | -3.06% | -2.19% | 5.44% | 4.00% | 5.22% |
| 2022 | -1.62% | -1.32% | -2.43% | -3.45% | 1.02% | -2.07% | 3.00% | -2.99% | -4.86% | -1.60% | 3.54% | -0.29% | -12.62% |
| 2021 | -0.74% | 0.88% | -0.47% | 0.03% | 0.61% | -0.08% | -0.48% | -0.30% | -0.10% | 0.04% | -0.62% |
Benchmark Metrics
Fidelity Investment Grade Securitized ETF has an annualized alpha of -0.24%, beta of 0.06, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since March 04, 2021.
- This ETF participated in 40.40% of S&P 500 Index downside but only 17.68% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.24%
- Beta
- 0.06
- R²
- 0.02
- Upside Capture
- 17.68%
- Downside Capture
- 40.40%
Expense Ratio
FSEC has an expense ratio of 0.36%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSEC ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Investment Grade Securitized ETF (FSEC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSEC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.78 | -0.33 |
| Martin ratioReturn relative to average drawdown | 6.72 | 12.44 | -5.72 |
Dividends
Dividend History
Fidelity Investment Grade Securitized ETF provided a 4.44% dividend yield over the last twelve months, with an annual payout of $1.95 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.95 | $1.86 | $1.37 | $1.46 | $0.93 | $0.47 |
Dividend yield | 4.44% | 4.22% | 3.22% | 3.41% | 2.21% | 0.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Investment Grade Securitized 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.13 | $0.14 | $0.14 | $0.14 | $0.14 | $0.00 | $0.69 | ||||||
| 2025 | $0.09 | $0.13 | $0.11 | $0.14 | $0.13 | $0.14 | $0.14 | $0.14 | $0.13 | $0.14 | $0.14 | $0.44 | $1.86 |
| 2024 | $0.12 | $0.12 | $0.12 | $0.13 | $0.13 | $0.13 | $0.13 | $0.01 | $0.08 | $0.11 | $0.12 | $0.16 | $1.37 |
| 2023 | $0.11 | $0.12 | $0.12 | $0.12 | $0.13 | $0.12 | $0.12 | $0.12 | $0.12 | $0.13 | $0.12 | $0.13 | $1.46 |
| 2022 | $0.06 | $0.07 | $0.05 | $0.05 | $0.05 | $0.06 | $0.08 | $0.09 | $0.09 | $0.10 | $0.11 | $0.12 | $0.93 |
| 2021 | $0.01 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.47 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Investment Grade Securitized 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 Securitized ETF was 17.97%, occurring on Oct 24, 2022. Recovery took 745 trading sessions.
The current Fidelity Investment Grade Securitized ETF drawdown is 1.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.97%Oct 2022 | 1y 2mo | 2y 11mo | 4y 2moAug 2021 - Oct 2025 |
2026 pullback2026 | -2.52%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
2025 pullback2025 | -1.23%Nov 2025 | 21d | 2mo 5d | 2mo 26dOct 2025 - Jan 2026 |
2021 pullback2021 | -0.76%Mar 2021 | 26d | 23d | 1mo 19dMar 2021 - Apr 2021 |
2021 pullback2021 | -0.74%May 2021 | 16d | 2mo 1d | 2mo 17dMay 2021 - Jul 2021 |
Drawdown Indicators
| FSEC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.97% | -56.78% | +38.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -9.10% | +6.58% |
Max Drawdown (3Y)Largest decline over 3 years | -7.32% | -18.90% | +11.58% |
Max Drawdown (5Y)Largest decline over 5 years | -17.97% | -25.43% | +7.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.20% | -1.80% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -10.71% | +4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.03% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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