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.
Correlation
The correlation between FIGB and FCNVX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FIGB vs. FCNVX - Performance Comparison
Key characteristics
FIGB:
1.27
FCNVX:
3.47
FIGB:
1.86
FCNVX:
16.73
FIGB:
1.22
FCNVX:
6.65
FIGB:
0.64
FCNVX:
24.55
FIGB:
3.33
FCNVX:
128.98
FIGB:
2.27%
FCNVX:
0.04%
FIGB:
5.98%
FCNVX:
1.46%
FIGB:
-18.08%
FCNVX:
-2.19%
FIGB:
-5.09%
FCNVX:
0.00%
Returns By Period
In the year-to-date period, FIGB achieves a 2.47% return, which is significantly higher than FCNVX's 1.13% return.
FIGB
2.47%
0.26%
1.80%
7.19%
N/A
N/A
FCNVX
1.13%
0.39%
2.36%
5.33%
2.89%
2.22%
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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 Rank
FIGB
FCNVX
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 3.82%, less than FCNVX's 4.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 3.82% | 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 | 4.98% | 5.18% | 4.97% | 1.65% | 0.30% | 1.04% | 2.45% | 2.21% | 1.30% | 0.95% | 0.55% | 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.
Volatility
FIGB vs. FCNVX - Volatility Comparison
Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 2.69% 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.