FIGB vs. IUSB
FIGB (Fidelity Investment Grade Bond ETF) and IUSB (iShares Core Universal USD Bond ETF) are both exchange-traded funds - FIGB is a Intermediate Core Bond fund actively managed by Fidelity, while IUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Index. FIGB is actively managed, while IUSB is passively managed. Over the past 5 years, FIGB returned 0.15%/yr vs 0.40%/yr for IUSB. Their correlation of 0.89 suggests significant overlap in exposure. FIGB charges 0.36%/yr vs 0.06%/yr for IUSB.
Performance
FIGB vs. IUSB - Performance Comparison
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Returns By Period
In the year-to-date period, FIGB achieves a 0.09% return, which is significantly lower than IUSB's 0.54% return.
FIGB
- 1D
- -0.30%
- 1M
- 0.46%
- YTD
- 0.09%
- 6M
- 0.26%
- 1Y
- 4.09%
- 3Y*
- 3.98%
- 5Y*
- 0.15%
- 10Y*
- —
IUSB
- 1D
- -0.28%
- 1M
- 0.57%
- YTD
- 0.54%
- 6M
- 0.62%
- 1Y
- 4.82%
- 3Y*
- 4.47%
- 5Y*
- 0.40%
- 10Y*
- 1.89%
FIGB vs. IUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 0.09% | 6.95% | 1.51% | 6.65% | -13.43% | 1.32% |
IUSB iShares Core Universal USD Bond ETF | 0.54% | 7.38% | 2.11% | 6.23% | -13.04% | 1.06% |
Correlation
The correlation between FIGB and IUSB is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.89 |
The correlation between FIGB and IUSB has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
FIGB vs. IUSB — Risk / Return Rank
FIGB
IUSB
FIGB vs. IUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and iShares Core Universal USD Bond ETF (IUSB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIGB | IUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.92 | -0.51 |
| Martin ratioReturn relative to average drawdown | 4.11 | 5.54 | -1.42 |
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Drawdowns
FIGB vs. IUSB - Drawdown Comparison
The maximum FIGB drawdown since its inception was -18.08%, roughly equal to the maximum IUSB drawdown of -17.90%. Use the drawdown chart below to compare losses from any high point for FIGB and IUSB.
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Drawdown Indicators
| FIGB | IUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -17.90% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.53% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -5.82% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -17.87% | -0.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.90% | — |
Current DrawdownCurrent decline from peak | -1.65% | -1.22% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -6.88% | -3.58% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.87% | +0.13% |
Volatility
FIGB vs. IUSB - Volatility Comparison
The current volatility for Fidelity Investment Grade Bond ETF (FIGB) is 0.89%, while iShares Core Universal USD Bond ETF (IUSB) has a volatility of 1.08%. This indicates that FIGB experiences smaller price fluctuations and is considered to be less risky than IUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIGB | IUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.08% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 2.73% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 3.59% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 5.80% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 5.05% | +1.10% |
FIGB vs. IUSB - Expense Ratio Comparison
FIGB has a 0.36% expense ratio, which is higher than IUSB's 0.06% expense ratio.
Dividends
FIGB vs. IUSB - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.11%, less than IUSB's 4.23% 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% |
IUSB iShares Core Universal USD Bond ETF | 4.23% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Frequently Asked Questions
FIGB and IUSB have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IUSB has higher volatility (1.08%) compared to FIGB (0.89%). In terms of maximum drawdown, FIGB dropped -18.08% vs IUSB's -17.90%.
On 5-year performance, IUSB leads with 0.40% vs 0.15% for FIGB. On fees, IUSB is cheaper at 0.06% per year. On volatility, FIGB has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IUSB has performed better with a 0.40% return vs 0.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUSB is cheaper with a 0.06% expense ratio, compared with 0.36% for FIGB.
IUSB has the higher dividend yield at 4.23%, compared with 4.11% for FIGB.
FIGB is categorized as Intermediate Core Bond, while IUSB is Intermediate Core-Plus Bond. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.36% for FIGB and 0.06% for IUSB.
IUSB currently has the higher Sharpe Ratio (1.35 vs 1.02), 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.
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