FIWGX vs. IGIB
FIWGX (Strategic Advisers Fidelity Core Income Fund) and IGIB (iShares 5-10 Year Investment Grade Corporate Bond ETF) are both funds - FIWGX is a Intermediate Core-Plus Bond fund managed by Fidelity, while IGIB is a Corporate Bonds fund tracking the ICE BofA 5-10 Year US Corporate Index. Over the past 5 years, FIWGX returned 0.25%/yr vs 1.29%/yr for IGIB. Their correlation of 0.85 suggests significant overlap in exposure. FIWGX charges 0.46%/yr vs 0.04%/yr for IGIB.
Performance
FIWGX vs. IGIB - Performance Comparison
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Returns By Period
In the year-to-date period, FIWGX achieves a -0.05% return, which is significantly lower than IGIB's 0.33% return.
FIWGX
- 1D
- -0.22%
- 1M
- 0.78%
- YTD
- -0.05%
- 6M
- 0.49%
- 1Y
- 3.93%
- 3Y*
- 4.20%
- 5Y*
- 0.25%
- 10Y*
- —
IGIB
- 1D
- 0.07%
- 1M
- 0.63%
- YTD
- 0.33%
- 6M
- 0.48%
- 1Y
- 5.29%
- 3Y*
- 6.29%
- 5Y*
- 1.29%
- 10Y*
- 3.00%
FIWGX vs. IGIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIWGX Strategic Advisers Fidelity Core Income Fund | -0.05% | 6.90% | 2.14% | 6.51% | -13.71% | -0.37% | 10.21% | 9.39% | 1.28% |
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.33% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | 1.00% |
Correlation
The correlation between FIWGX and IGIB is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018 | 0.85 |
The correlation between FIWGX and IGIB shifts across timeframes, from 0.75 (1 year) to 0.88 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FIWGX vs. IGIB — Risk / Return Rank
FIWGX
IGIB
FIWGX vs. IGIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity Core Income Fund (FIWGX) and iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB). 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.
| FIWGX | IGIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.76 | +0.18 |
| Martin ratioReturn relative to average drawdown | 5.50 | 5.67 | -0.18 |
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Drawdowns
FIWGX vs. IGIB - Drawdown Comparison
The maximum FIWGX drawdown since its inception was -18.42%, smaller than the maximum IGIB drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for FIWGX and IGIB.
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Drawdown Indicators
| FIWGX | IGIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.42% | -20.62% | +2.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -3.01% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -6.24% | -6.05% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -18.42% | -20.62% | +2.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.62% | — |
Current DrawdownCurrent decline from peak | -1.22% | -1.21% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -2.58% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.93% | -0.02% |
Volatility
FIWGX vs. IGIB - Volatility Comparison
The current volatility for Strategic Advisers Fidelity Core Income Fund (FIWGX) is 1.13%, while iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) has a volatility of 1.22%. This indicates that FIWGX experiences smaller price fluctuations and is considered to be less risky than IGIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIWGX | IGIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.22% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 3.18% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 4.14% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 6.57% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 6.07% | -0.57% |
FIWGX vs. IGIB - Expense Ratio Comparison
FIWGX has a 0.46% expense ratio, which is higher than IGIB's 0.04% expense ratio.
Dividends
FIWGX vs. IGIB - Dividend Comparison
FIWGX's dividend yield for the trailing twelve months is around 3.44%, less than IGIB's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIWGX Strategic Advisers Fidelity Core Income Fund | 3.44% | 3.68% | 4.36% | 3.79% | 2.24% | 1.77% | 6.83% | 4.30% | 0.57% | 0.00% | 0.00% | 0.00% |
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 4.81% | 4.59% | 4.41% | 3.78% | 3.04% | 2.52% | 2.74% | 3.44% | 3.41% | 2.51% | 2.45% | 2.51% |
Frequently Asked Questions
FIWGX and IGIB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGIB has higher volatility (1.22%) compared to FIWGX (1.13%). In terms of maximum drawdown, FIWGX dropped -18.42% vs IGIB's -20.62%.
IGIB currently has the higher Sharpe Ratio (1.29 vs 1.21), 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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