FSEC vs. BSV
Compare and contrast key facts about Fidelity Investment Grade Securitized ETF (FSEC) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV).
FSEC and BSV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSEC is an actively managed fund by Fidelity. It was launched on Mar 2, 2021. BSV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Performance
FSEC vs. BSV - Performance Comparison
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FSEC vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSEC Fidelity Investment Grade Securitized ETF | 0.26% | 8.33% | 2.40% | 5.22% | -12.62% | -0.49% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.13% | 6.00% | 3.78% | 4.90% | -5.49% | -0.55% |
Returns By Period
In the year-to-date period, FSEC achieves a 0.26% return, which is significantly higher than BSV's 0.13% return.
FSEC
- 1D
- -0.11%
- 1M
- -1.79%
- YTD
- 0.26%
- 6M
- 1.94%
- 1Y
- 5.28%
- 3Y*
- 4.54%
- 5Y*
- 0.45%
- 10Y*
- —
BSV
- 1D
- 0.14%
- 1M
- -0.78%
- YTD
- 0.13%
- 6M
- 1.33%
- 1Y
- 4.13%
- 3Y*
- 4.27%
- 5Y*
- 1.68%
- 10Y*
- 1.97%
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FSEC vs. BSV - Expense Ratio Comparison
FSEC has a 0.36% expense ratio, which is higher than BSV's 0.03% expense ratio.
Return for Risk
FSEC vs. BSV — Risk / Return Rank
FSEC
BSV
FSEC vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Securitized ETF (FSEC) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| FSEC | BSV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 2.08 | -1.25 |
Sortino ratioReturn per unit of downside risk | 1.20 | 3.31 | -2.12 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 3.25 | -1.94 |
Martin ratioReturn relative to average drawdown | 3.57 | 12.45 | -8.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSEC | BSV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 2.08 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.62 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.86 | -0.80 |
Correlation
The correlation between FSEC and BSV is 0.77, 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
FSEC vs. BSV - Dividend Comparison
FSEC's dividend yield for the trailing twelve months is around 4.43%, more than BSV's 3.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSEC Fidelity Investment Grade Securitized ETF | 4.43% | 4.22% | 3.22% | 3.41% | 2.21% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 3.90% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
Drawdowns
FSEC vs. BSV - Drawdown Comparison
The maximum FSEC drawdown since its inception was -17.97%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for FSEC and BSV.
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Drawdown Indicators
| FSEC | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.97% | -8.54% | -9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -1.29% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.97% | -8.54% | -9.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.54% | — |
Current DrawdownCurrent decline from peak | -1.79% | -0.78% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -0.98% | -5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 0.34% | +1.16% |
Volatility
FSEC vs. BSV - Volatility Comparison
Fidelity Investment Grade Securitized ETF (FSEC) has a higher volatility of 1.92% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.77%. This indicates that FSEC's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEC | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 0.77% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 1.19% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 2.00% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.72% | 2.71% | +4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 2.37% | +4.31% |