FIGB vs. FTBD
Compare and contrast key facts about Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Tactical Bond ETF (FTBD).
FIGB and FTBD 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. FTBD is an actively managed fund by Fidelity. It was launched on Jan 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIGB or FTBD.
Correlation
The correlation between FIGB and FTBD is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIGB vs. FTBD - Performance Comparison
Key characteristics
FIGB:
0.14
FTBD:
0.18
FIGB:
0.25
FTBD:
0.28
FIGB:
1.03
FTBD:
1.03
FIGB:
0.07
FTBD:
0.20
FIGB:
0.39
FTBD:
0.51
FIGB:
2.28%
FTBD:
1.99%
FIGB:
6.16%
FTBD:
5.77%
FIGB:
-18.08%
FTBD:
-6.98%
FIGB:
-8.58%
FTBD:
-4.86%
Returns By Period
In the year-to-date period, FIGB achieves a -1.30% return, which is significantly lower than FTBD's -0.89% return.
FIGB
-1.30%
-1.85%
-0.86%
0.54%
N/A
N/A
FTBD
-0.89%
-2.01%
-1.01%
0.93%
N/A
N/A
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FIGB vs. FTBD - Expense Ratio Comparison
FIGB has a 0.36% expense ratio, which is lower than FTBD's 0.55% expense ratio.
Risk-Adjusted Performance
FIGB vs. FTBD — Risk-Adjusted Performance Rank
FIGB
FTBD
FIGB vs. FTBD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Tactical Bond ETF (FTBD). 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. FTBD - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.33%, less than FTBD's 4.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 4.33% | 4.28% | 3.79% | 2.44% | 1.10% |
FTBD Fidelity Tactical Bond ETF | 4.80% | 4.76% | 4.69% | 0.00% | 0.00% |
Drawdowns
FIGB vs. FTBD - Drawdown Comparison
The maximum FIGB drawdown since its inception was -18.08%, which is greater than FTBD's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for FIGB and FTBD. For additional features, visit the drawdowns tool.
Volatility
FIGB vs. FTBD - Volatility Comparison
The current volatility for Fidelity Investment Grade Bond ETF (FIGB) is 1.43%, while Fidelity Tactical Bond ETF (FTBD) has a volatility of 1.52%. This indicates that FIGB experiences smaller price fluctuations and is considered to be less risky than FTBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.