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FIGB vs. FCNVX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FIGB and FCNVX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.2

Performance

FIGB vs. FCNVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Conservative Income Bond Institutional Class (FCNVX). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%AugustSeptemberOctoberNovemberDecember2025
0.45%
3.51%
FIGB
FCNVX

Key characteristics

Sharpe Ratio

FIGB:

0.44

FCNVX:

4.19

Sortino Ratio

FIGB:

0.67

FCNVX:

20.20

Omega Ratio

FIGB:

1.08

FCNVX:

6.83

Calmar Ratio

FIGB:

0.23

FCNVX:

71.74

Martin Ratio

FIGB:

1.17

FCNVX:

152.24

Ulcer Index

FIGB:

2.31%

FCNVX:

0.05%

Daily Std Dev

FIGB:

6.14%

FCNVX:

1.70%

Max Drawdown

FIGB:

-18.08%

FCNVX:

-2.19%

Current Drawdown

FIGB:

-7.59%

FCNVX:

-0.00%

Returns By Period

In the year-to-date period, FIGB achieves a -0.22% return, which is significantly lower than FCNVX's -0.00% return.


FIGB

YTD

-0.22%

1M

-0.20%

6M

0.77%

1Y

3.02%

5Y*

N/A

10Y*

N/A

FCNVX

YTD

-0.00%

1M

0.40%

6M

3.51%

1Y

7.19%

5Y*

3.40%

10Y*

2.50%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FIGB vs. FCNVX - Expense Ratio Comparison

FIGB has a 0.36% expense ratio, which is higher than FCNVX's 0.25% expense ratio.


Expense ratio chart for FIGB: current value at 0.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.36%
Expense ratio chart for FCNVX: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

FIGB vs. FCNVX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIGB
The Risk-Adjusted Performance Rank of FIGB is 1515
Overall Rank
The Sharpe Ratio Rank of FIGB is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of FIGB is 1515
Sortino Ratio Rank
The Omega Ratio Rank of FIGB is 1414
Omega Ratio Rank
The Calmar Ratio Rank of FIGB is 1414
Calmar Ratio Rank
The Martin Ratio Rank of FIGB is 1515
Martin Ratio Rank

FCNVX
The Risk-Adjusted Performance Rank of FCNVX is 9999
Overall Rank
The Sharpe Ratio Rank of FCNVX is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of FCNVX is 100100
Sortino Ratio Rank
The Omega Ratio Rank of FCNVX is 9999
Omega Ratio Rank
The Calmar Ratio Rank of FCNVX is 100100
Calmar Ratio Rank
The Martin Ratio Rank of FCNVX is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FIGB vs. FCNVX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Conservative Income Bond Institutional Class (FCNVX). 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.


The chart of Sharpe ratio for FIGB, currently valued at 0.47, compared to the broader market0.002.004.000.474.19
The chart of Sortino ratio for FIGB, currently valued at 0.71, compared to the broader market0.005.0010.000.7120.20
The chart of Omega ratio for FIGB, currently valued at 1.08, compared to the broader market1.002.003.001.086.83
The chart of Calmar ratio for FIGB, currently valued at 0.24, compared to the broader market0.005.0010.0015.0020.000.2471.74
The chart of Martin ratio for FIGB, currently valued at 1.24, compared to the broader market0.0020.0040.0060.0080.00100.001.24152.24
FIGB
FCNVX

The current FIGB Sharpe Ratio is 0.44, which is lower than the FCNVX Sharpe Ratio of 4.19. The chart below compares the historical Sharpe Ratios of FIGB and FCNVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.00AugustSeptemberOctoberNovemberDecember2025
0.47
4.19
FIGB
FCNVX

Dividends

FIGB vs. FCNVX - Dividend Comparison

FIGB's dividend yield for the trailing twelve months is around 4.29%, less than FCNVX's 6.83% yield.


TTM20242023202220212020201920182017201620152014
FIGB
Fidelity Investment Grade Bond ETF
4.29%4.28%3.79%2.44%1.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FCNVX
Fidelity Conservative Income Bond Institutional Class
6.83%6.83%6.25%2.15%0.29%1.01%2.46%2.55%1.30%0.93%0.54%0.39%

Drawdowns

FIGB vs. FCNVX - Drawdown Comparison

The maximum FIGB drawdown since its inception was -18.08%, which is greater than FCNVX's maximum drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for FIGB and FCNVX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-7.59%
0
FIGB
FCNVX

Volatility

FIGB vs. FCNVX - Volatility Comparison

Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 1.62% compared to Fidelity Conservative Income Bond Institutional Class (FCNVX) at 0.42%. This indicates that FIGB's price experiences larger fluctuations and is considered to be riskier than FCNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%AugustSeptemberOctoberNovemberDecember2025
1.62%
0.42%
FIGB
FCNVX