FIGB vs. UNIY

Last updated Jun 25, 2026

FIGB (Fidelity Investment Grade Bond ETF) and UNIY (WisdomTree Voya Yield Enchanced USD Universal Bond Fund) are both Intermediate Core Bond funds. FIGB is actively managed, while UNIY is passively managed. Over the past 3 years, FIGB returned 4.22%/yr vs 4.72%/yr for UNIY. Their correlation of 0.86 suggests significant overlap in exposure. FIGB charges 0.36%/yr vs 0.15%/yr for UNIY.

Performance

FIGB vs. UNIY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Investment Grade Bond ETF (FIGB) and WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIGB achieves a 0.76% return, which is significantly lower than UNIY's 1.08% return.

FIGB

• 1D: 0.60%
• 1M: 1.14%
• YTD: 0.76%
• 6M: 0.74%
• 1Y: 4.33%
• 3Y*: 4.22%
• 5Y*: 0.33%
• 10Y*: —

UNIY

• 1D: 0.43%
• 1M: 1.15%
• YTD: 1.08%
• 6M: 0.95%
• 1Y: 4.80%
• 3Y*: 4.72%
• 5Y*: —
• 10Y*: —

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

FIGB vs. UNIY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FIGB Fidelity Investment Grade Bond ETF	0.76%	6.95%	1.51%	3.61%
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund	1.08%	7.37%	1.86%	3.83%

Correlation

The correlation between FIGB and UNIY is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023	0.86

The correlation between FIGB and UNIY has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.

Return for Risk

FIGB vs. UNIY — Risk / Return Rank

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

FIGB

FIGB Risk / Return Rank: 31
FIGB Sharpe Ratio Rank: 32
FIGB Sortino Ratio Rank: 32
FIGB Omega Ratio Rank: 29
FIGB Calmar Ratio Rank: 32
FIGB Martin Ratio Rank: 33

UNIY

UNIY Risk / Return Rank: 42
UNIY Sharpe Ratio Rank: 42
UNIY Sortino Ratio Rank: 44
UNIY Omega Ratio Rank: 39
UNIY Calmar Ratio Rank: 43
UNIY Martin Ratio Rank: 40

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. UNIY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY). 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	UNIY	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.31	-0.24
Sortino ratio: Return per unit of downside risk	1.57	1.96	-0.38
Omega ratio: Gain probability vs. loss probability	1.19	1.23	-0.04
Calmar ratio: Return relative to maximum drawdown	1.48	1.90	-0.42
Martin ratio: Return relative to average drawdown	4.32	5.68	-1.37

FIGB vs. UNIY - Sharpe Ratio Comparison

The current FIGB Sharpe Ratio is 1.07, which is comparable to the UNIY Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FIGB and UNIY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIGB vs. UNIY - Drawdown Comparison

The maximum FIGB drawdown since its inception was -18.08%, which is greater than UNIY's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for FIGB and UNIY.

Drawdown Indicators

	FIGB	UNIY	Difference
Max Drawdown Largest peak-to-trough decline	-18.08%	-6.27%	-11.81%
Max Drawdown (1Y) Largest decline over 1 year	-2.93%	-2.53%	-0.40%
Max Drawdown (3Y) Largest decline over 3 years	-6.17%	-5.40%	-0.77%
Max Drawdown (5Y) Largest decline over 5 years	-18.08%	—	—
Current Drawdown Current decline from peak	-0.99%	-0.52%	-0.47%
Average Drawdown Average peak-to-trough decline	-6.87%	-1.37%	-5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.85%	+0.15%

Volatility

FIGB vs. UNIY - Volatility Comparison

The current volatility for Fidelity Investment Grade Bond ETF (FIGB) is 1.06%, while WisdomTree Voya Yield Enchanced USD Universal Bond Fund (UNIY) has a volatility of 1.12%. This indicates that FIGB experiences smaller price fluctuations and is considered to be less risky than UNIY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIGB	UNIY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	1.12%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.94%	2.82%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	4.08%	3.69%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.29%	4.84%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.15%	4.84%	+1.31%

FIGB vs. UNIY - Expense Ratio Comparison

FIGB has a 0.36% expense ratio, which is higher than UNIY's 0.15% expense ratio.

Dividends

FIGB vs. UNIY - Dividend Comparison

FIGB's dividend yield for the trailing twelve months is around 4.08%, less than UNIY's 4.82% yield.

Position	TTM	2025	2024	2023	2022	2021
FIGB Fidelity Investment Grade Bond ETF	4.08%	4.15%	4.28%	3.79%	2.44%	1.10%
UNIY WisdomTree Voya Yield Enchanced USD Universal Bond Fund	4.82%	4.95%	4.86%	3.99%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIGB and UNIY in my portfolio?

FIGB and UNIY have a correlation of 0.85, 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 UNIY?

UNIY has higher volatility (1.12%) compared to FIGB (1.06%). In terms of maximum drawdown, FIGB dropped -18.08% vs UNIY's -6.27%.

Which ETF is better, FIGB or UNIY?

On 3-year performance, UNIY leads with 4.72% vs 4.22% for FIGB. On fees, UNIY is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIGB or UNIY?

Over the 3-year period, UNIY has performed better with a 4.72% return vs 4.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIGB or UNIY?

UNIY is cheaper with a 0.15% expense ratio, compared with 0.36% for FIGB.

Which ETF pays a higher dividend yield, FIGB or UNIY?

UNIY has the higher dividend yield at 4.82%, compared with 4.08% for FIGB.

What is the main difference between FIGB and UNIY?

They also come from different issuers: Fidelity and WisdomTree. Their fees differ too: 0.36% for FIGB and 0.15% for UNIY.

Which has better risk-adjusted returns?

UNIY currently has the higher Sharpe Ratio (1.31 vs 1.07), 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.