BIV vs. FSEC
Compare and contrast key facts about Vanguard Intermediate-Term Bond Index ETF (BIV) and Fidelity Investment Grade Securitized ETF (FSEC).
BIV and FSEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BIV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. It was launched on Apr 3, 2007. FSEC is an actively managed fund by Fidelity. It was launched on Mar 2, 2021.
Performance
BIV vs. FSEC - Performance Comparison
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BIV vs. FSEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | -0.23% | 8.52% | 1.57% | 6.07% | -13.21% | 0.89% |
FSEC Fidelity Investment Grade Securitized ETF | 0.26% | 8.33% | 2.40% | 5.22% | -12.62% | -0.49% |
Returns By Period
In the year-to-date period, BIV achieves a -0.23% return, which is significantly lower than FSEC's 0.26% return.
BIV
- 1D
- 0.32%
- 1M
- -2.03%
- YTD
- -0.23%
- 6M
- 0.87%
- 1Y
- 4.99%
- 3Y*
- 3.99%
- 5Y*
- 0.54%
- 10Y*
- 2.04%
FSEC
- 1D
- -0.11%
- 1M
- -1.79%
- YTD
- 0.26%
- 6M
- 1.94%
- 1Y
- 5.28%
- 3Y*
- 4.54%
- 5Y*
- 0.45%
- 10Y*
- —
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BIV vs. FSEC - Expense Ratio Comparison
BIV has a 0.03% expense ratio, which is lower than FSEC's 0.36% expense ratio.
Return for Risk
BIV vs. FSEC — Risk / Return Rank
BIV
FSEC
BIV vs. FSEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond Index ETF (BIV) and Fidelity Investment Grade Securitized ETF (FSEC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BIV | FSEC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.83 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.59 | 1.20 | +0.40 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.16 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.31 | +0.51 |
Martin ratioReturn relative to average drawdown | 5.87 | 3.57 | +2.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIV | FSEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.83 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.07 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.05 | +0.60 |
Correlation
The correlation between BIV and FSEC is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BIV vs. FSEC - Dividend Comparison
BIV's dividend yield for the trailing twelve months is around 4.10%, less than FSEC's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.10% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
FSEC Fidelity Investment Grade Securitized ETF | 4.43% | 4.22% | 3.22% | 3.41% | 2.21% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BIV vs. FSEC - Drawdown Comparison
The maximum BIV drawdown since its inception was -18.95%, which is greater than FSEC's maximum drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for BIV and FSEC.
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Drawdown Indicators
| BIV | FSEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.95% | -17.97% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -4.08% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -17.97% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -18.95% | — | — |
Current DrawdownCurrent decline from peak | -2.03% | -1.79% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -6.82% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 1.50% | -0.61% |
Volatility
BIV vs. FSEC - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Bond Index ETF (BIV) is 1.77%, while Fidelity Investment Grade Securitized ETF (FSEC) has a volatility of 1.92%. This indicates that BIV experiences smaller price fluctuations and is considered to be less risky than FSEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIV | FSEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.92% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 3.38% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 6.42% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 6.72% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 6.68% | -1.18% |