FIGB vs. FBNDX
FIGB (Fidelity Investment Grade Bond ETF) and FBNDX (Fidelity Investment Grade Bond Fund) are both Intermediate Core Bond funds from Fidelity. Both are actively managed. Over the past 5 years, FIGB returned -0.29%/yr vs -0.55%/yr for FBNDX. Their correlation of 0.88 means they have usually moved in the same direction. FIGB charges 0.36%/yr vs 0.45%/yr for FBNDX.
Performance
FIGB vs. FBNDX - Performance Comparison
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Returns By Period
In the year-to-date period, FIGB achieves a -0.56% return, which is significantly higher than FBNDX's -1.01% return.
FIGB
- 1D
- 0.30%
- 1M
- -0.99%
- 6M
- -0.49%
- YTD
- -0.56%
- 1Y
- 1.76%
- 3Y*
- 4.10%
- 5Y*
- -0.29%
- 10Y*
- —
- ALL TIME*
- 0.18%
FBNDX
- 1D
- -0.28%
- 1M
- -1.53%
- 6M
- -0.92%
- YTD
- -1.01%
- 1Y
- 1.33%
- 3Y*
- 3.74%
- 5Y*
- -0.55%
- 10Y*
- 1.80%
- ALL TIME*
- 2.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $14.95M | $8.63M | $4.90M |
FIGB vs. FBNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | -0.56% | 6.95% | 1.51% | 6.65% | -13.43% | 1.32% |
FBNDX Fidelity Investment Grade Bond Fund | -1.01% | 7.37% | 0.93% | 6.51% | -14.04% | 1.59% |
Correlation
The correlation between FIGB and FBNDX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.88 |
The correlation between FIGB and FBNDX has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
FIGB vs. FBNDX — Risk / Return Rank
FIGB
FBNDX
FIGB vs. FBNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Investment Grade Bond Fund (FBNDX). 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.
| FIGB | FBNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.09 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 0.67 | -0.07 |
| Martin ratioReturn relative to average drawdown | 1.55 | 1.65 | -0.11 |
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Drawdowns
FIGB vs. FBNDX - Drawdown Comparison
The maximum FIGB drawdown since its inception was -18.08%, smaller than the maximum FBNDX drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for FIGB and FBNDX.
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Drawdown Indicators
| FIGB | FBNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -42.76% | +24.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -3.02% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.05% | -5.06% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -18.65% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.74% | — |
Current DrawdownCurrent decline from peak | -2.29% | -2.94% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -10.32% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.23% | -0.09% |
Volatility
FIGB vs. FBNDX - Volatility Comparison
Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 1.27% compared to Fidelity Investment Grade Bond Fund (FBNDX) at 0.92%. This indicates that FIGB's price experiences larger fluctuations and is considered to be riskier than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIGB | FBNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 0.92% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 3.07% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 3.95% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 6.03% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.11% | 5.02% | +1.09% |
FIGB vs. FBNDX - Expense Ratio Comparison
FIGB has a 0.36% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Dividends
FIGB vs. FBNDX - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.14%, more than FBNDX's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBNDX Fidelity Investment Grade Bond Fund | 3.64% | 3.87% | 3.34% | 3.56% | 1.98% | 1.34% | 4.70% | 2.75% | 2.86% | 2.18% | 2.72% | 2.66% |
FIGB Fidelity Investment Grade Bond ETF | 4.14% | 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
FIGB and FBNDX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIGB has higher volatility (1.27%) compared to FBNDX (0.92%). In terms of maximum drawdown, FIGB dropped -18.08% vs FBNDX's -42.76%.
FBNDX currently has the higher Sharpe Ratio (0.52 vs 0.45), 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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