FIGB vs. FSTGX

Last updated Jun 5, 2026

FIGB (Fidelity Investment Grade Bond ETF) and FSTGX (Fidelity Intermediate Government Income Fund) are both funds - FIGB is a Intermediate Core Bond fund actively managed by Fidelity, while FSTGX is a Government Bonds fund managed by Fidelity. Over the past 5 years, FIGB returned 0.24%/yr vs 0.40%/yr for FSTGX. Their correlation of 0.82 suggests significant overlap in exposure. FIGB charges 0.36%/yr vs 0.45%/yr for FSTGX.

Performance

FIGB vs. FSTGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Intermediate Government Income Fund (FSTGX). 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 higher than FSTGX's 0.05% return.

FIGB

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

FSTGX

• 1D: -0.10%
• 1M: 0.06%
• YTD: 0.05%
• 6M: 0.00%
• 1Y: 3.38%
• 3Y*: 3.47%
• 5Y*: 0.40%
• 10Y*: 1.04%

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

FIGB vs. FSTGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FIGB Fidelity Investment Grade Bond ETF	0.14%	6.95%	1.51%	6.65%	-13.43%	1.77%
FSTGX Fidelity Intermediate Government Income Fund	0.05%	6.00%	2.24%	3.88%	-8.76%	-0.73%

Correlation

The correlation between FIGB and FSTGX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Mar 5, 2021	0.82

The correlation between FIGB and FSTGX has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

Return for Risk

FIGB vs. FSTGX — 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

FSTGX

FSTGX Risk / Return Rank: 20
FSTGX Sharpe Ratio Rank: 19
FSTGX Sortino Ratio Rank: 22
FSTGX Omega Ratio Rank: 19
FSTGX Calmar Ratio Rank: 22
FSTGX Martin Ratio Rank: 19

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. FSTGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Intermediate Government Income Fund (FSTGX). 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	FSTGX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	1.25	-0.21
Sortino ratio: Return per unit of downside risk	1.51	1.96	-0.44
Omega ratio: Gain probability vs. loss probability	1.18	1.23	-0.05
Calmar ratio: Return relative to maximum drawdown	1.45	1.74	-0.28
Martin ratio: Return relative to average drawdown	4.50	5.16	-0.65
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. FSTGX - Sharpe Ratio Comparison

The current FIGB Sharpe Ratio is 1.04, which is comparable to the FSTGX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of FIGB and FSTGX, 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	FSTGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	1.25	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.10	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	1.21	-1.14

Drawdowns

FIGB vs. FSTGX - Drawdown Comparison

The maximum FIGB drawdown since its inception was -18.08%, which is greater than FSTGX's maximum drawdown of -13.66%. Use the drawdown chart below to compare losses from any high point for FIGB and FSTGX.

Drawdown Indicators

	FIGB	FSTGX	Difference
Max Drawdown Largest peak-to-trough decline	-18.08%	-13.66%	-4.42%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	-1.89%	-1.04%
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	-3.03%	-3.14%
Max Drawdown (5Y) Largest decline over 5 years	-18.08%	-12.54%	-5.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-13.66%	—
Current Drawdown Current decline from peak	-1.60%	-1.13%	-0.47%
Average Drawdown Average peak-to-trough decline	-6.92%	-1.57%	-5.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.64%	+0.31%

Volatility

FIGB vs. FSTGX - Volatility Comparison

Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 1.42% compared to Fidelity Intermediate Government Income Fund (FSTGX) at 0.79%. This indicates that FIGB's price experiences larger fluctuations and is considered to be riskier than FSTGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIGB	FSTGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	0.79%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	1.82%	+1.05%
Volatility (1Y) Calculated over the trailing 1-year period	4.16%	2.64%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.28%	4.10%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.16%	3.38%	+2.78%

FIGB vs. FSTGX - Expense Ratio Comparison

FIGB has a 0.36% expense ratio, which is lower than FSTGX's 0.45% expense ratio.

Dividends

FIGB vs. FSTGX - Dividend Comparison

FIGB's dividend yield for the trailing twelve months is around 4.11%, more than FSTGX's 3.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIGB Fidelity Investment Grade Bond ETF	4.11%	4.15%	4.28%	3.79%	2.44%	1.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FSTGX Fidelity Intermediate Government Income Fund	3.15%	3.04%	2.94%	2.12%	0.99%	0.77%	2.65%	1.85%	1.84%	1.47%	1.52%	1.69%

Frequently Asked Questions

Can I hold both FIGB and FSTGX in my portfolio?

FIGB and FSTGX have a correlation of 0.75, 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 FSTGX?

FIGB has higher volatility (1.42%) compared to FSTGX (0.79%). In terms of maximum drawdown, FIGB dropped -18.08% vs FSTGX's -13.66%.

Which has better risk-adjusted returns?

FSTGX currently has the higher Sharpe Ratio (1.25 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.