FIGB vs. FBND
Compare and contrast key facts about Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Total Bond ETF (FBND).
FIGB and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIGB is an actively managed fund by Fidelity. It was launched on Mar 2, 2021. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIGB or FBND.
Key characteristics
| FIGB | FBND | |
|---|---|---|
| YTD Return | 1.86% | 2.94% |
| 1Y Return | 8.55% | 9.81% |
| 3Y Return (Ann) | -1.94% | -1.19% |
| Sharpe Ratio | 1.26 | 1.67 |
| Sortino Ratio | 1.92 | 2.45 |
| Omega Ratio | 1.23 | 1.30 |
| Calmar Ratio | 0.60 | 0.75 |
| Martin Ratio | 4.58 | 6.84 |
| Ulcer Index | 1.87% | 1.45% |
| Daily Std Dev | 6.81% | 5.97% |
| Max Drawdown | -18.08% | -17.25% |
| Current Drawdown | -7.07% | -4.78% |
Correlation
The correlation between FIGB and FBND is 0.89, 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.
Performance
FIGB vs. FBND - Performance Comparison
In the year-to-date period, FIGB achieves a 1.86% return, which is significantly lower than FBND's 2.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIGB vs. FBND - Expense Ratio Comparison
Both FIGB and FBND have an expense ratio of 0.36%.
Risk-Adjusted Performance
FIGB vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Total Bond ETF (FBND). 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.
Dividends
FIGB vs. FBND - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.17%, less than FBND's 4.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 4.17% | 3.79% | 2.44% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.57% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
FIGB vs. FBND - Drawdown Comparison
The maximum FIGB drawdown since its inception was -18.08%, roughly equal to the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FIGB and FBND. For additional features, visit the drawdowns tool.
Volatility
FIGB vs. FBND - Volatility Comparison
Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 1.78% compared to Fidelity Total Bond ETF (FBND) at 1.57%. This indicates that FIGB's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.