FBND vs. FIGB
FBND (Fidelity Total Bond ETF) and FIGB (Fidelity Investment Grade Bond ETF) are both exchange-traded funds - FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while FIGB is a Intermediate Core Bond fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FBND returned 0.83%/yr vs 0.24%/yr for FIGB. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.36% expense ratio.
Performance
FBND vs. FIGB - Performance Comparison
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Returns By Period
In the year-to-date period, FBND achieves a 0.50% return, which is significantly higher than FIGB's 0.14% return.
FBND
- 1D
- -0.20%
- 1M
- 0.31%
- YTD
- 0.50%
- 6M
- 0.30%
- 1Y
- 5.59%
- 3Y*
- 4.70%
- 5Y*
- 0.83%
- 10Y*
- 2.56%
FIGB
- 1D
- -0.14%
- 1M
- 0.11%
- YTD
- 0.14%
- 6M
- 0.08%
- 1Y
- 4.93%
- 3Y*
- 4.09%
- 5Y*
- 0.24%
- 10Y*
- —
FBND vs. FIGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 0.50% | 7.57% | 2.13% | 6.81% | -12.54% | 2.27% |
FIGB Fidelity Investment Grade Bond ETF | 0.14% | 6.95% | 1.51% | 6.65% | -13.43% | 1.77% |
Correlation
The correlation between FBND and FIGB is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2021 | 0.88 |
The correlation between FBND and FIGB has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
FBND vs. FIGB — Risk / Return Rank
FBND
FIGB
FBND vs. FIGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and Fidelity Investment Grade Bond ETF (FIGB). 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.
| FBND | FIGB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 1.69 | +0.42 |
| Martin ratioReturn relative to average drawdown | 6.37 | 5.25 | +1.12 |
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
| FBND | FIGB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.19 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.04 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.07 | +0.38 |
Drawdowns
FBND vs. FIGB - Drawdown Comparison
The maximum FBND drawdown since its inception was -17.25%, roughly equal to the maximum FIGB drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for FBND and FIGB.
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Drawdown Indicators
| FBND | FIGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -18.08% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.93% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.94% | -6.17% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -17.25% | -18.08% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -17.25% | — | — |
Current DrawdownCurrent decline from peak | -1.43% | -1.60% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -6.92% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.94% | -0.06% |
Volatility
FBND vs. FIGB - Volatility Comparison
The current volatility for Fidelity Total Bond ETF (FBND) is 1.27%, while Fidelity Investment Grade Bond ETF (FIGB) has a volatility of 1.42%. This indicates that FBND experiences smaller price fluctuations and is considered to be less risky than FIGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBND | FIGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.42% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 2.87% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 4.16% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 6.28% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.10% | 6.17% | -0.07% |
FBND vs. FIGB - Expense Ratio Comparison
Both FBND and FIGB have an expense ratio of 0.36%.
Dividends
FBND vs. FIGB - Dividend Comparison
FBND's dividend yield for the trailing twelve months is around 4.70%, more than FIGB's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.70% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
FIGB Fidelity Investment Grade Bond ETF | 4.11% | 4.15% | 4.28% | 3.79% | 2.44% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FBND and FIGB have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIGB has higher volatility (1.42%) compared to FBND (1.27%). In terms of maximum drawdown, FBND dropped -17.25% vs FIGB's -18.08%.
On 5-year performance, FBND leads with 0.83% vs 0.24% for FIGB. Both ETFs have the same 0.36% expense ratio. On volatility, FBND has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FBND has performed better with a 0.83% return vs 0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FBND and FIGB have the same expense ratio: 0.36% per year.
FBND has the higher dividend yield at 4.70%, compared with 4.11% for FIGB.
FBND is categorized as Intermediate Core-Plus Bond, while FIGB is Intermediate Core Bond.
FBND currently has the higher Sharpe Ratio (1.46 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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