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.
Key characteristics
| FIGB | FTBD | |
|---|---|---|
| YTD Return | 2.19% | 2.91% |
| 1Y Return | 8.26% | 9.19% |
| Sharpe Ratio | 1.23 | 1.52 |
| Sortino Ratio | 1.87 | 2.22 |
| Omega Ratio | 1.22 | 1.27 |
| Calmar Ratio | 0.58 | 2.28 |
| Martin Ratio | 4.53 | 6.37 |
| Ulcer Index | 1.85% | 1.51% |
| Daily Std Dev | 6.82% | 6.37% |
| Max Drawdown | -18.08% | -6.98% |
| Current Drawdown | -6.76% | -2.92% |
Correlation
The correlation between FIGB and FTBD is 0.88, 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
In the year-to-date period, FIGB achieves a 2.19% return, which is significantly lower than FTBD's 2.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 4.16%, less than FTBD's 4.90% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 4.16% | 3.79% | 2.44% | 1.10% |
FTBD Fidelity Tactical Bond ETF | 4.90% | 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
Fidelity Investment Grade Bond ETF (FIGB) and Fidelity Tactical Bond ETF (FTBD) have volatilities of 1.73% and 1.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.