FIGB vs. FCNVX
Compare and contrast key facts about Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Conservative Income Bond Institutional Class (FCNVX).
FIGB is an actively managed fund by Fidelity. It was launched on Mar 2, 2021. FCNVX is managed by Fidelity. It was launched on Mar 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIGB or FCNVX.
Key characteristics
| FIGB | FCNVX | |
|---|---|---|
| YTD Return | 1.48% | 4.96% |
| 1Y Return | 8.13% | 5.74% |
| 3Y Return (Ann) | -2.06% | 3.80% |
| Sharpe Ratio | 1.20 | 3.53 |
| Sortino Ratio | 1.82 | 13.30 |
| Omega Ratio | 1.22 | 4.16 |
| Calmar Ratio | 0.57 | 56.18 |
| Martin Ratio | 4.31 | 124.15 |
| Ulcer Index | 1.89% | 0.05% |
| Daily Std Dev | 6.81% | 1.59% |
| Max Drawdown | -18.08% | -2.19% |
| Current Drawdown | -7.41% | -0.10% |
Correlation
The correlation between FIGB and FCNVX is 0.26, 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.
Performance
FIGB vs. FCNVX - Performance Comparison
In the year-to-date period, FIGB achieves a 1.48% return, which is significantly lower than FCNVX's 4.96% 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. FCNVX - Expense Ratio Comparison
FIGB has a 0.36% expense ratio, which is higher than FCNVX's 0.25% expense ratio.
Risk-Adjusted Performance
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.
Dividends
FIGB vs. FCNVX - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.19%, less than FCNVX's 5.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 4.19% | 3.79% | 2.44% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 5.27% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% | 0.62% |
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.
Volatility
FIGB vs. FCNVX - Volatility Comparison
Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 1.80% compared to Fidelity Conservative Income Bond Institutional Class (FCNVX) at 0.44%. 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.