FEPIX vs. IGV
FEPIX (Fidelity Total Bond Fund) and IGV (iShares Expanded Tech-Software Sector ETF) are both funds - FEPIX is a Total Bond Market fund managed by Fidelity, while IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index. Over the past 10 years, FEPIX returned 2.34%/yr vs 15.70%/yr for IGV. At a correlation of -0.07, they often move in opposite directions. FEPIX charges 0.50%/yr vs 0.39%/yr for IGV.
Performance
FEPIX vs. IGV - Performance Comparison
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Returns By Period
In the year-to-date period, FEPIX achieves a 0.55% return, which is significantly higher than IGV's -17.38% return. Over the past 10 years, FEPIX has underperformed IGV with an annualized return of 2.34%, while IGV has yielded a comparatively higher 15.70% annualized return.
FEPIX
- 1D
- 0.21%
- 1M
- 0.99%
- YTD
- 0.55%
- 6M
- 0.89%
- 1Y
- 5.14%
- 3Y*
- 4.49%
- 5Y*
- 0.38%
- 10Y*
- 2.34%
IGV
- 1D
- -2.00%
- 1M
- -7.11%
- YTD
- -17.38%
- 6M
- -19.85%
- 1Y
- -16.92%
- 3Y*
- 9.05%
- 5Y*
- 2.55%
- 10Y*
- 15.70%
FEPIX vs. IGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEPIX Fidelity Total Bond Fund | 0.55% | 7.45% | 1.71% | 6.79% | -13.55% | -0.46% | 9.29% | 9.83% | -0.82% | 4.24% |
IGV iShares Expanded Tech-Software Sector ETF | -17.38% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 34.33% | 12.44% | 42.16% |
Correlation
The correlation between FEPIX and IGV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2004 | -0.07 |
The correlation between FEPIX and IGV shifts across timeframes, from -0.07 (all time) to 0.15 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FEPIX vs. IGV — Risk / Return Rank
FEPIX
IGV
FEPIX vs. IGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond Fund (FEPIX) and iShares Expanded Tech-Software Sector ETF (IGV). 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.
| FEPIX | IGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.92 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | -0.46 | +2.24 |
| Martin ratioReturn relative to average drawdown | 5.01 | -0.95 | +5.96 |
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Drawdowns
FEPIX vs. IGV - Drawdown Comparison
The maximum FEPIX drawdown since its inception was -18.40%, smaller than the maximum IGV drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for FEPIX and IGV.
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Drawdown Indicators
| FEPIX | IGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -63.45% | +45.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -36.61% | +33.70% |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | -36.61% | +30.76% |
Max Drawdown (5Y)Largest decline over 5 years | -18.40% | -45.85% | +27.45% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | -45.85% | +27.45% |
Current DrawdownCurrent decline from peak | -1.32% | -25.86% | +24.54% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -14.46% | +11.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 17.87% | -16.84% |
Volatility
FEPIX vs. IGV - Volatility Comparison
The current volatility for Fidelity Total Bond Fund (FEPIX) is 1.16%, while iShares Expanded Tech-Software Sector ETF (IGV) has a volatility of 12.72%. This indicates that FEPIX experiences smaller price fluctuations and is considered to be less risky than IGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEPIX | IGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 12.72% | -11.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 24.91% | -22.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 28.33% | -24.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 27.97% | -22.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 26.42% | -21.69% |
FEPIX vs. IGV - Expense Ratio Comparison
FEPIX has a 0.50% expense ratio, which is higher than IGV's 0.39% expense ratio.
Dividends
FEPIX vs. IGV - Dividend Comparison
FEPIX's dividend yield for the trailing twelve months is around 4.30%, more than IGV's 0.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEPIX Fidelity Total Bond Fund | 4.30% | 4.31% | 3.74% | 3.74% | 2.49% | 1.87% | 5.17% | 2.97% | 3.14% | 2.92% | 3.55% | 3.25% |
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
Frequently Asked Questions
FEPIX and IGV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (12.72%) compared to FEPIX (1.16%). In terms of maximum drawdown, FEPIX dropped -18.40% vs IGV's -63.45%.
FEPIX currently has the higher Sharpe Ratio (1.33 vs -0.60), 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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