FIGB vs. FELC

Last updated Jun 5, 2026

FIGB (Fidelity Investment Grade Bond ETF) and FELC (Fidelity Enhanced Large Cap Core ETF) are both exchange-traded funds - FIGB is a Intermediate Core Bond fund actively managed by Fidelity, while FELC is a Large Cap Growth Equities fund actively managed by Fidelity. Both are actively managed. Over the past year, FIGB returned 4.24% vs 28.95% for FELC. At a 0.17 correlation, their price movements are largely independent. FIGB charges 0.36%/yr vs 0.18%/yr for FELC.

Performance

FIGB vs. FELC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Enhanced Large Cap Core ETF (FELC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIGB achieves a 0.14% return, which is significantly lower than FELC's 11.52% return.

FIGB

• 1D: 0.00%
• 1M: 0.04%
• YTD: 0.14%
• 6M: 0.20%
• 1Y: 4.24%
• 3Y*: 4.08%
• 5Y*: 0.24%
• 10Y*: —

FELC

• 1D: 0.26%
• 1M: 4.92%
• YTD: 11.52%
• 6M: 11.63%
• 1Y: 28.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FIGB vs. FELC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FIGB Fidelity Investment Grade Bond ETF	0.14%	6.95%	1.51%	4.92%
FELC Fidelity Enhanced Large Cap Core ETF	11.52%	17.09%	25.25%	5.68%

Correlation

The correlation between FIGB and FELC is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.17

Return for Risk

FIGB vs. FELC — Risk / Return Rank

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

FIGB

FIGB Risk / Return Rank: 29
FIGB Sharpe Ratio Rank: 29
FIGB Sortino Ratio Rank: 29
FIGB Omega Ratio Rank: 27
FIGB Calmar Ratio Rank: 30
FIGB Martin Ratio Rank: 31

FELC

FELC Risk / Return Rank: 74
FELC Sharpe Ratio Rank: 76
FELC Sortino Ratio Rank: 75
FELC Omega Ratio Rank: 75
FELC Calmar Ratio Rank: 65
FELC Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIGB vs. FELC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Enhanced Large Cap Core ETF (FELC). 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.

	FIGB	FELC	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.45	-1.41
Sortino ratio: Return per unit of downside risk	1.51	3.33	-1.82
Omega ratio: Gain probability vs. loss probability	1.18	1.44	-0.26
Calmar ratio: Return relative to maximum drawdown	1.45	3.20	-1.75
Martin ratio: Return relative to average drawdown	4.50	14.86	-10.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIGB vs. FELC - Sharpe Ratio Comparison

The current FIGB Sharpe Ratio is 1.04, which is lower than the FELC Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of FIGB and FELC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIGB	FELC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	2.45	-1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	1.60	-1.54

Drawdowns

FIGB vs. FELC - Drawdown Comparison

The maximum FIGB drawdown since its inception was -18.08%, roughly equal to the maximum FELC drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FIGB and FELC.

Drawdown Indicators

	FIGB	FELC	Difference
Max Drawdown Largest peak-to-trough decline	-18.08%	-18.59%	+0.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	-9.09%	+6.16%
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.08%	—	—
Current Drawdown Current decline from peak	-1.60%	-0.33%	-1.27%
Average Drawdown Average peak-to-trough decline	-6.92%	-1.91%	-5.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	1.95%	-1.00%

Volatility

FIGB vs. FELC - Volatility Comparison

The current volatility for Fidelity Investment Grade Bond ETF (FIGB) is 1.42%, while Fidelity Enhanced Large Cap Core ETF (FELC) has a volatility of 2.70%. This indicates that FIGB experiences smaller price fluctuations and is considered to be less risky than FELC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIGB	FELC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	2.70%	-1.28%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	8.93%	-6.06%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	11.89%	-7.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	15.16%	-8.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.16%	15.16%	-9.00%

FIGB vs. FELC - Expense Ratio Comparison

FIGB has a 0.36% expense ratio, which is higher than FELC's 0.18% expense ratio.

Dividends

FIGB vs. FELC - Dividend Comparison

FIGB's dividend yield for the trailing twelve months is around 4.11%, more than FELC's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021
FELC Fidelity Enhanced Large Cap Core ETF	0.85%	0.92%	1.03%	0.04%	0.00%	0.00%
FIGB Fidelity Investment Grade Bond ETF	4.11%	4.15%	4.28%	3.79%	2.44%	1.10%

Frequently Asked Questions

Can I hold both FIGB and FELC in my portfolio?

FIGB and FELC have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIGB or FELC?

FELC has higher volatility (2.70%) compared to FIGB (1.42%). In terms of maximum drawdown, FIGB dropped -18.08% vs FELC's -18.59%.

Which ETF is better, FIGB or FELC?

On 1-year performance, FELC leads with 28.95% vs 4.24% for FIGB. On fees, FELC is cheaper at 0.18% per year. On volatility, FIGB has been the lower-risk option at 1.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIGB or FELC?

Over the 1-year period, FELC has performed better with a 28.95% return vs 4.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIGB or FELC?

FELC is cheaper with a 0.18% expense ratio, compared with 0.36% for FIGB.

Which ETF pays a higher dividend yield, FIGB or FELC?

FIGB has the higher dividend yield at 4.11%, compared with 0.85% for FELC.

What is the main difference between FIGB and FELC?

FIGB is categorized as Intermediate Core Bond, while FELC is Large Cap Growth Equities. Their fees differ too: 0.36% for FIGB and 0.18% for FELC.

Which has better risk-adjusted returns?

FELC currently has the higher Sharpe Ratio (2.45 vs 1.04), 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.