FCPGX vs. IUSB
FCPGX (Fidelity Small Cap Growth Fund) and IUSB (iShares Core Universal USD Bond ETF) are both funds - FCPGX is a Small Cap Growth Equities fund managed by Fidelity, while IUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Index. Over the past 10 years, FCPGX returned 14.97%/yr vs 1.97%/yr for IUSB. At a 0.08 correlation, their price movements are largely independent. FCPGX charges 1.00%/yr vs 0.06%/yr for IUSB.
Performance
FCPGX vs. IUSB - Performance Comparison
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Returns By Period
In the year-to-date period, FCPGX achieves a 18.99% return, which is significantly higher than IUSB's 0.67% return. Over the past 10 years, FCPGX has outperformed IUSB with an annualized return of 14.97%, while IUSB has yielded a comparatively lower 1.97% annualized return.
FCPGX
- 1D
- 4.26%
- 1M
- 1.29%
- YTD
- 18.99%
- 6M
- 16.17%
- 1Y
- 36.82%
- 3Y*
- 20.10%
- 5Y*
- 7.60%
- 10Y*
- 14.97%
IUSB
- 1D
- -0.07%
- 1M
- 0.46%
- YTD
- 0.67%
- 6M
- 1.05%
- 1Y
- 4.82%
- 3Y*
- 4.70%
- 5Y*
- 0.39%
- 10Y*
- 1.97%
FCPGX vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCPGX Fidelity Small Cap Growth Fund | 18.99% | 11.20% | 20.56% | 19.02% | -25.34% | 10.50% | 36.41% | 36.31% | -4.57% | 28.99% |
IUSB iShares Core Universal USD Bond ETF | 0.67% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | -0.27% | 3.82% |
Correlation
The correlation between FCPGX and IUSB is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.08 |
Over the past year, FCPGX and IUSB have become more correlated (0.36) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
FCPGX vs. IUSB — Risk / Return Rank
FCPGX
IUSB
FCPGX vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Small Cap Growth Fund (FCPGX) and iShares Core Universal USD Bond ETF (IUSB). 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.
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.
| FCPGX | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.92 | +0.88 |
| Martin ratioReturn relative to average drawdown | 11.15 | 5.62 | +5.53 |
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Drawdowns
FCPGX vs. IUSB - Drawdown Comparison
The maximum FCPGX drawdown since its inception was -59.11%, which is greater than IUSB's maximum drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for FCPGX and IUSB.
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Drawdown Indicators
| FCPGX | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.11% | -17.90% | -41.21% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -2.53% | -10.59% |
Max Drawdown (3Y)Largest decline over 3 years | -28.69% | -5.82% | -22.87% |
Max Drawdown (5Y)Largest decline over 5 years | -39.04% | -17.87% | -21.17% |
Max Drawdown (10Y)Largest decline over 10 years | -39.04% | -17.90% | -21.14% |
Current DrawdownCurrent decline from peak | -0.19% | -1.09% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -10.69% | -3.58% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 0.86% | +2.43% |
Volatility
FCPGX vs. IUSB - Volatility Comparison
Fidelity Small Cap Growth Fund (FCPGX) has a higher volatility of 8.73% compared to iShares Core Universal USD Bond ETF (IUSB) at 1.30%. This indicates that FCPGX's price experiences larger fluctuations and is considered to be riskier than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCPGX | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 1.30% | +7.43% |
Volatility (6M)Calculated over the trailing 6-month period | 17.37% | 2.69% | +14.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.11% | 3.59% | +18.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.65% | 5.80% | +17.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.92% | 5.04% | +17.88% |
FCPGX vs. IUSB - Expense Ratio Comparison
FCPGX has a 1.00% expense ratio, which is higher than IUSB's 0.06% expense ratio.
Dividends
FCPGX vs. IUSB - Dividend Comparison
FCPGX's dividend yield for the trailing twelve months is around 5.37%, more than IUSB's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCPGX Fidelity Small Cap Growth Fund | 5.37% | 6.38% | 1.37% | 0.00% | 0.00% | 19.27% | 8.19% | 5.31% | 14.35% | 6.88% | 1.53% | 4.32% |
IUSB iShares Core Universal USD Bond ETF | 4.22% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Frequently Asked Questions
FCPGX and IUSB have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCPGX has higher volatility (8.73%) compared to IUSB (1.30%). In terms of maximum drawdown, FCPGX dropped -59.11% vs IUSB's -17.90%.
FCPGX currently has the higher Sharpe Ratio (1.66 vs 1.35), 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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