FSEC vs. VMBS
Compare and contrast key facts about Fidelity Investment Grade Securitized ETF (FSEC) and Vanguard Mortgage-Backed Securities ETF (VMBS).
FSEC and VMBS 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. VMBS is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. MBS Index. It was launched on Nov 19, 2009.
Performance
FSEC vs. VMBS - Performance Comparison
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FSEC vs. VMBS - 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% |
VMBS Vanguard Mortgage-Backed Securities ETF | 0.41% | 8.36% | 1.70% | 5.34% | -11.90% | -0.74% |
Returns By Period
In the year-to-date period, FSEC achieves a 0.26% return, which is significantly lower than VMBS's 0.41% return.
FSEC
- 1D
- -0.11%
- 1M
- -1.79%
- YTD
- 0.26%
- 6M
- 1.94%
- 1Y
- 5.28%
- 3Y*
- 4.54%
- 5Y*
- 0.45%
- 10Y*
- —
VMBS
- 1D
- 0.21%
- 1M
- -1.57%
- YTD
- 0.41%
- 6M
- 2.06%
- 1Y
- 5.79%
- 3Y*
- 4.29%
- 5Y*
- 0.49%
- 10Y*
- 1.41%
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FSEC vs. VMBS - Expense Ratio Comparison
FSEC has a 0.36% expense ratio, which is higher than VMBS's 0.04% expense ratio.
Return for Risk
FSEC vs. VMBS — Risk / Return Rank
FSEC
VMBS
FSEC vs. VMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Securitized ETF (FSEC) and Vanguard Mortgage-Backed Securities ETF (VMBS). 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 | VMBS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 1.16 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.67 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.95 | -0.64 |
Martin ratioReturn relative to average drawdown | 3.57 | 6.10 | -2.53 |
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 | VMBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.16 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.07 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.46 | -0.41 |
Correlation
The correlation between FSEC and VMBS is 0.85, 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. VMBS - Dividend Comparison
FSEC's dividend yield for the trailing twelve months is around 4.43%, more than VMBS's 4.23% 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% |
VMBS Vanguard Mortgage-Backed Securities ETF | 4.23% | 4.20% | 3.94% | 3.31% | 2.35% | 1.02% | 2.01% | 2.77% | 2.72% | 2.16% | 2.10% | 2.12% |
Drawdowns
FSEC vs. VMBS - Drawdown Comparison
The maximum FSEC drawdown since its inception was -17.97%, roughly equal to the maximum VMBS drawdown of -17.47%. Use the drawdown chart below to compare losses from any high point for FSEC and VMBS.
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Drawdown Indicators
| FSEC | VMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.97% | -17.47% | -0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -4.08% | -3.00% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.97% | -17.12% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.47% | — |
Current DrawdownCurrent decline from peak | -1.79% | -1.57% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -2.51% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 0.96% | +0.54% |
Volatility
FSEC vs. VMBS - Volatility Comparison
Fidelity Investment Grade Securitized ETF (FSEC) and Vanguard Mortgage-Backed Securities ETF (VMBS) have volatilities of 1.92% and 1.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEC | VMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 1.90% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 2.89% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 5.00% | +1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.72% | 6.71% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 5.37% | +1.31% |