FIGB vs. FELC

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Enhanced Large Cap Core ETF (FELC).

FIGB and FELC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIGB is an actively managed fund by Fidelity. It was launched on Mar 2, 2021. FELC is an actively managed fund by Fidelity. It was launched on Apr 19, 2007.

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.

FIGB vs. FELC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FIGB Fidelity Investment Grade Bond ETF	0.03%	6.95%	1.51%	4.92%
FELC Fidelity Enhanced Large Cap Core ETF	-4.71%	17.09%	25.25%	5.68%

Returns By Period

In the year-to-date period, FIGB achieves a 0.03% return, which is significantly higher than FELC's -4.71% return.

FIGB

• 1D: 0.28%
• 1M: -1.71%
• YTD: 0.03%
• 6M: 0.95%
• 1Y: 4.28%
• 3Y*: 3.84%
• 5Y*: 0.45%
• 10Y*: —

FELC

• 1D: 2.92%
• 1M: -4.96%
• YTD: -4.71%
• 6M: -2.19%
• 1Y: 17.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIGB vs. FELC - Expense Ratio Comparison

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

FIGB

Fidelity Investment Grade Bond ETF

FELC

Fidelity Enhanced Large Cap Core ETF

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: 47
FIGB Sharpe Ratio Rank: 48
FIGB Sortino Ratio Rank: 45
FIGB Omega Ratio Rank: 40
FIGB Calmar Ratio Rank: 56
FIGB Martin Ratio Rank: 45

FELC

FELC Risk / Return Rank: 64
FELC Sharpe Ratio Rank: 58
FELC Sortino Ratio Rank: 61
FELC Omega Ratio Rank: 64
FELC Calmar Ratio Rank: 64
FELC Martin Ratio Rank: 73

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	0.84	0.96	-0.13
Sortino ratio Return per unit of downside risk	1.19	1.47	-0.29
Omega ratio Gain probability vs. loss probability	1.15	1.22	-0.07
Calmar ratio Return relative to maximum drawdown	1.35	1.50	-0.15
Martin ratio Return relative to average drawdown	4.12	7.02	-2.90
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 0.84, which is comparable to the FELC Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of FIGB and FELC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FIGB	FELC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	0.96	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	1.18	-1.11

Correlation

The correlation between FIGB and FELC is 0.14, 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.

Dividends

FIGB vs. FELC - Dividend Comparison

FIGB's dividend yield for the trailing twelve months is around 4.12%, more than FELC's 0.99% yield.

	TTM	2025	2024	2023	2022	2021
FIGB Fidelity Investment Grade Bond ETF	4.12%	4.15%	4.28%	3.79%	2.44%	1.10%
FELC Fidelity Enhanced Large Cap Core ETF	0.99%	0.92%	1.03%	0.04%	0.00%	0.00%

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	-3.46%	-12.01%	+8.55%
Max Drawdown (5Y) Largest decline over 5 years	-18.08%	—	—
Current Drawdown Current decline from peak	-1.71%	-6.43%	+4.72%
Average Drawdown Average peak-to-trough decline	-7.11%	-1.98%	-5.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	2.56%	-1.43%

Volatility

FIGB vs. FELC - Volatility Comparison

The current volatility for Fidelity Investment Grade Bond ETF (FIGB) is 1.71%, while Fidelity Enhanced Large Cap Core ETF (FELC) has a volatility of 5.29%. 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	1.71%	5.29%	-3.58%
Volatility (6M) Calculated over the trailing 6-month period	2.70%	9.59%	-6.89%
Volatility (1Y) Calculated over the trailing 1-year period	5.16%	18.21%	-13.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.25%	15.42%	-9.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.22%	15.42%	-9.20%