FISR vs. VGMS

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR SSGA Fixed Income Sector Rotation ETF (FISR) and Vanguard Multi-Sector Income Bond ETF (VGMS).

FISR and VGMS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FISR is an actively managed fund by State Street. It was launched on Apr 2, 2019. VGMS is an actively managed fund by Vanguard. It was launched on Jun 9, 2025.

Performance

FISR vs. VGMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA Fixed Income Sector Rotation ETF (FISR) and Vanguard Multi-Sector Income Bond ETF (VGMS). The values are adjusted to include any dividend payments, if applicable.

FISR vs. VGMS - Yearly Performance Comparison

	2026 (YTD)	2025
FISR SPDR SSGA Fixed Income Sector Rotation ETF	-0.06%	4.27%
VGMS Vanguard Multi-Sector Income Bond ETF	-0.28%	5.44%

Returns By Period

In the year-to-date period, FISR achieves a -0.06% return, which is significantly higher than VGMS's -0.28% return.

FISR

• 1D: 0.43%
• 1M: -1.91%
• YTD: -0.06%
• 6M: 0.84%
• 1Y: 3.49%
• 3Y*: 2.98%
• 5Y*: -0.58%
• 10Y*: —

VGMS

• 1D: 0.79%
• 1M: -1.38%
• YTD: -0.28%
• 6M: 1.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FISR vs. VGMS - Expense Ratio Comparison

FISR has a 0.50% expense ratio, which is higher than VGMS's 0.30% expense ratio.

FISR

SPDR SSGA Fixed Income Sector Rotation ETF

VGMS

Vanguard Multi-Sector Income Bond ETF

Return for Risk

FISR vs. VGMS — Risk / Return Rank

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

FISR

FISR Risk / Return Rank: 36
FISR Sharpe Ratio Rank: 38
FISR Sortino Ratio Rank: 34
FISR Omega Ratio Rank: 31
FISR Calmar Ratio Rank: 44
FISR Martin Ratio Rank: 34

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.

FISR vs. VGMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Fixed Income Sector Rotation ETF (FISR) and Vanguard Multi-Sector Income Bond ETF (VGMS). 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.

	FISR	VGMS	Difference
Sharpe ratio Return per unit of total volatility	0.70	—	—
Sortino ratio Return per unit of downside risk	0.98	—	—
Omega ratio Gain probability vs. loss probability	1.12	—	—
Calmar ratio Return relative to maximum drawdown	1.14	—	—
Martin ratio Return relative to average drawdown	3.09	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FISR	VGMS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	2.08	-1.95

Correlation

The correlation between FISR and VGMS is 0.71, 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

FISR vs. VGMS - Dividend Comparison

FISR's dividend yield for the trailing twelve months is around 4.08%, more than VGMS's 3.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
FISR SPDR SSGA Fixed Income Sector Rotation ETF	4.08%	3.97%	3.59%	3.50%	2.19%	1.87%	2.47%	2.99%
VGMS Vanguard Multi-Sector Income Bond ETF	3.83%	2.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FISR vs. VGMS - Drawdown Comparison

The maximum FISR drawdown since its inception was -20.27%, which is greater than VGMS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for FISR and VGMS.

Drawdown Indicators

	FISR	VGMS	Difference
Max Drawdown Largest peak-to-trough decline	-20.27%	-2.46%	-17.81%
Max Drawdown (1Y) Largest decline over 1 year	-3.31%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.10%	—	—
Current Drawdown Current decline from peak	-6.42%	-1.51%	-4.91%
Average Drawdown Average peak-to-trough decline	-7.74%	-0.27%	-7.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	—	—

Volatility

Volatility by Period

	FISR	VGMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.00%	3.12%	+1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.57%	3.12%	+3.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.40%	3.12%	+3.28%