FIGB vs. PCRB

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Investment Grade Bond ETF (FIGB) and Putnam ESG Core Bond ETF - (PCRB).

FIGB and PCRB 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. PCRB is an actively managed fund by Putnam. It was launched on Jan 19, 2023.

Performance

FIGB vs. PCRB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Investment Grade Bond ETF (FIGB) and Putnam ESG Core Bond ETF - (PCRB). The values are adjusted to include any dividend payments, if applicable.

FIGB vs. PCRB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FIGB Fidelity Investment Grade Bond ETF	-0.10%	6.95%	1.51%	3.37%
PCRB Putnam ESG Core Bond ETF -	0.33%	7.21%	1.91%	2.41%

Returns By Period

In the year-to-date period, FIGB achieves a -0.10% return, which is significantly lower than PCRB's 0.33% return.

FIGB

• 1D: -0.13%
• 1M: -1.48%
• YTD: -0.10%
• 6M: 0.55%
• 1Y: 3.86%
• 3Y*: 3.79%
• 5Y*: 0.42%
• 10Y*: —

PCRB

• 1D: 0.21%
• 1M: -1.54%
• YTD: 0.33%
• 6M: 1.27%
• 1Y: 4.65%
• 3Y*: 3.99%
• 5Y*: —
• 10Y*: —

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

FIGB vs. PCRB - Expense Ratio Comparison

FIGB has a 0.36% expense ratio, which is higher than PCRB's 0.35% expense ratio.

FIGB

Fidelity Investment Grade Bond ETF

PCRB

Putnam ESG Core Bond ETF -

Return for Risk

FIGB vs. PCRB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIGB

FIGB Risk / Return Rank: 37
FIGB Sharpe Ratio Rank: 38
FIGB Sortino Ratio Rank: 35
FIGB Omega Ratio Rank: 32
FIGB Calmar Ratio Rank: 44
FIGB Martin Ratio Rank: 38

PCRB

PCRB Risk / Return Rank: 61
PCRB Sharpe Ratio Rank: 61
PCRB Sortino Ratio Rank: 60
PCRB Omega Ratio Rank: 50
PCRB Calmar Ratio Rank: 76
PCRB Martin Ratio Rank: 58

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. PCRB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and Putnam ESG Core Bond ETF - (PCRB). 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	PCRB	Difference
Sharpe ratio Return per unit of total volatility	0.75	1.09	-0.34
Sortino ratio Return per unit of downside risk	1.07	1.58	-0.50
Omega ratio Gain probability vs. loss probability	1.14	1.19	-0.06
Calmar ratio Return relative to maximum drawdown	1.20	2.06	-0.86
Martin ratio Return relative to average drawdown	3.64	5.79	-2.15
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. PCRB - Sharpe Ratio Comparison

The current FIGB Sharpe Ratio is 0.75, which is lower than the PCRB Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of FIGB and PCRB, 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	PCRB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	1.09	-0.34
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	0.65	-0.59

Correlation

The correlation between FIGB and PCRB 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.

Dividends

FIGB vs. PCRB - Dividend Comparison

FIGB's dividend yield for the trailing twelve months is around 4.13%, less than PCRB's 9.42% yield.

	TTM	2025	2024	2023	2022	2021
FIGB Fidelity Investment Grade Bond ETF	4.13%	4.15%	4.28%	3.79%	2.44%	1.10%
PCRB Putnam ESG Core Bond ETF -	9.42%	4.30%	4.38%	3.65%	0.00%	0.00%

Drawdowns

FIGB vs. PCRB - Drawdown Comparison

The maximum FIGB drawdown since its inception was -18.08%, which is greater than PCRB's maximum drawdown of -7.20%. Use the drawdown chart below to compare losses from any high point for FIGB and PCRB.

Drawdown Indicators

	FIGB	PCRB	Difference
Max Drawdown Largest peak-to-trough decline	-18.08%	-7.20%	-10.88%
Max Drawdown (1Y) Largest decline over 1 year	-3.46%	-2.42%	-1.04%
Max Drawdown (5Y) Largest decline over 5 years	-18.08%	—	—
Current Drawdown Current decline from peak	-1.84%	-1.54%	-0.30%
Average Drawdown Average peak-to-trough decline	-7.10%	-1.64%	-5.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	0.86%	+0.28%

Volatility

FIGB vs. PCRB - Volatility Comparison

Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 1.72% compared to Putnam ESG Core Bond ETF - (PCRB) at 1.56%. This indicates that FIGB's price experiences larger fluctuations and is considered to be riskier than PCRB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIGB	PCRB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	1.56%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	2.70%	2.49%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	5.15%	4.28%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.25%	5.71%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.22%	5.71%	+0.51%