FIGB vs. USFI
FIGB (Fidelity Investment Grade Bond ETF) and USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) are both exchange-traded funds - FIGB is a Intermediate Core Bond fund actively managed by Fidelity, while USFI is a Actively Managed fund actively managed by BrandywineGLOBAL. Both are actively managed. Over the past 3 years, FIGB returned 4.10%/yr vs 4.06%/yr for USFI. Their correlation of 0.81 means they have usually moved in the same direction. FIGB charges 0.36%/yr vs 0.39%/yr for USFI.
Performance
FIGB vs. USFI - Performance Comparison
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Returns By Period
In the year-to-date period, FIGB achieves a -0.56% return, which is significantly lower than USFI's 0.70% return.
FIGB
- 1D
- 0.30%
- 1M
- -0.99%
- 6M
- -0.49%
- YTD
- -0.56%
- 1Y
- 1.76%
- 3Y*
- 4.10%
- 5Y*
- -0.29%
- 10Y*
- —
- ALL TIME*
- 0.18%
USFI
- 1D
- 0.14%
- 1M
- -0.69%
- 6M
- 0.68%
- YTD
- 0.70%
- 1Y
- 3.00%
- 3Y*
- 4.06%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.95M | $8.63M | $4.90M | |
| $223.65 | $248.36 | $6.79K |
FIGB vs. USFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | -0.56% | 6.95% | 1.51% | 3.25% |
USFI BrandywineGLOBAL - U.S. Fixed Income ETF | 0.70% | 6.96% | 1.11% | 2.95% |
Correlation
The correlation between FIGB and USFI is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023 | 0.81 |
The correlation between FIGB and USFI has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
FIGB vs. USFI — Risk / Return Rank
FIGB
USFI
FIGB vs. USFI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) and BrandywineGLOBAL - U.S. Fixed Income ETF (USFI). 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 | USFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.18 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 2.72 | -2.12 |
| Martin ratioReturn relative to average drawdown | 1.55 | 6.29 | -4.74 |
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Drawdowns
FIGB vs. USFI - Drawdown Comparison
The maximum FIGB drawdown since its inception was -18.08%, which is greater than USFI's maximum drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for FIGB and USFI.
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Drawdown Indicators
| FIGB | USFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -8.47% | -9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -1.11% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -5.05% | -7.69% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | — | — |
Current DrawdownCurrent decline from peak | -2.29% | -0.86% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -2.06% | -4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.48% | +0.66% |
Volatility
FIGB vs. USFI - Volatility Comparison
Fidelity Investment Grade Bond ETF (FIGB) has a higher volatility of 1.27% compared to BrandywineGLOBAL - U.S. Fixed Income ETF (USFI) at 0.73%. This indicates that FIGB's price experiences larger fluctuations and is considered to be riskier than USFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIGB | USFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 0.73% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 1.66% | +1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 3.08% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.30% | 6.84% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.11% | 6.84% | -0.73% |
FIGB vs. USFI - Expense Ratio Comparison
FIGB has a 0.36% expense ratio, which is lower than USFI's 0.39% expense ratio.
Dividends
FIGB vs. USFI - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.14%, less than USFI's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 4.14% | 4.15% | 4.28% | 3.79% | 2.44% | 1.10% |
USFI BrandywineGLOBAL - U.S. Fixed Income ETF | 4.51% | 4.42% | 4.60% | 1.83% | 0.00% | 0.00% |
Frequently Asked Questions
FIGB and USFI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIGB has higher volatility (1.27%) compared to USFI (0.73%). In terms of maximum drawdown, FIGB dropped -18.08% vs USFI's -8.47%.
On 3-year performance, FIGB leads with 4.10% vs 4.06% for USFI. On fees, FIGB is cheaper at 0.36% per year. On volatility, USFI has been the lower-risk option at 0.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FIGB has performed better with a 4.10% return vs 4.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIGB is cheaper with a 0.36% expense ratio, compared with 0.39% for USFI.
USFI has the higher dividend yield at 4.51%, compared with 4.14% for FIGB.
FIGB is categorized as Intermediate Core Bond, while USFI is Actively Managed. They also come from different issuers: Fidelity and BrandywineGLOBAL. Their fees differ too: 0.36% for FIGB and 0.39% for USFI.
USFI currently has the higher Sharpe Ratio (0.98 vs 0.45), 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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