FSIGX vs. MWIGX
FSIGX (Fidelity Series Investment Grade Bond Fund) and MWIGX (Metropolitan West Investment Grade Credit Fund) are both mutual funds - FSIGX is a Investment Grade Bonds fund managed by Fidelity, while MWIGX is a Intermediate Core-Plus Bond fund managed by Metropolitan West Funds. Over the past 5 years, FSIGX returned 0.03%/yr vs 0.42%/yr for MWIGX. Their correlation of 0.87 means they have usually moved in the same direction.
Performance
FSIGX vs. MWIGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSIGX achieves a -0.48% return, which is significantly lower than MWIGX's -0.32% return.
FSIGX
- 1D
- 0.00%
- 1M
- -1.19%
- 6M
- -0.73%
- YTD
- -0.48%
- 1Y
- 1.91%
- 3Y*
- 4.14%
- 5Y*
- 0.03%
- 10Y*
- 2.10%
- ALL TIME*
- 3.84%
MWIGX
- 1D
- 0.13%
- 1M
- -0.88%
- 6M
- -0.64%
- YTD
- -0.32%
- 1Y
- 2.21%
- 3Y*
- 5.10%
- 5Y*
- 0.42%
- 10Y*
- —
- ALL TIME*
- 3.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FSIGX vs. MWIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSIGX Fidelity Series Investment Grade Bond Fund | -0.48% | 7.65% | 1.79% | 6.82% | -13.30% | -0.67% | 9.71% | 9.75% | 0.97% |
MWIGX Metropolitan West Investment Grade Credit Fund | -0.32% | 7.99% | 3.82% | 6.55% | -13.01% | -1.13% | 8.41% | 11.21% | 4.27% |
Correlation
The correlation between FSIGX and MWIGX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2018 | 0.87 |
The correlation between FSIGX and MWIGX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSIGX vs. MWIGX — Risk / Return Rank
FSIGX
MWIGX
FSIGX vs. MWIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Investment Grade Bond Fund (FSIGX) and Metropolitan West Investment Grade Credit Fund (MWIGX). 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.
| FSIGX | MWIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.42 | -0.34 |
| Martin ratioReturn relative to average drawdown | 2.62 | 3.95 | -1.32 |
Loading charts...
Drawdowns
FSIGX vs. MWIGX - Drawdown Comparison
The maximum FSIGX drawdown since its inception was -18.22%, roughly equal to the maximum MWIGX drawdown of -18.32%. Use the drawdown chart below to compare losses from any high point for FSIGX and MWIGX.
Loading charts...
Drawdown Indicators
| FSIGX | MWIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.22% | -18.32% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.35% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -3.48% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -18.23% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -18.22% | — | — |
Current DrawdownCurrent decline from peak | -2.48% | -1.57% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -4.40% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.84% | +0.38% |
Volatility
FSIGX vs. MWIGX - Volatility Comparison
Fidelity Series Investment Grade Bond Fund (FSIGX) has a higher volatility of 1.02% compared to Metropolitan West Investment Grade Credit Fund (MWIGX) at 0.77%. This indicates that FSIGX's price experiences larger fluctuations and is considered to be riskier than MWIGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSIGX | MWIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 0.77% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.03% | 2.57% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 3.18% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.08% | 4.95% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 4.73% | +0.30% |
Dividends
FSIGX vs. MWIGX - Dividend Comparison
FSIGX's dividend yield for the trailing twelve months is around 3.97%, more than MWIGX's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSIGX Fidelity Series Investment Grade Bond Fund | 3.97% | 4.24% | 4.01% | 4.00% | 2.37% | 1.88% | 6.32% | 3.09% | 3.20% | 2.86% | 4.32% | 3.07% |
MWIGX Metropolitan West Investment Grade Credit Fund | 3.77% | 3.70% | 4.52% | 4.97% | 6.33% | 4.25% | 9.21% | 12.03% | 3.98% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, FSIGX and MWIGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FSIGX has higher volatility (1.02%) compared to MWIGX (0.77%). In terms of maximum drawdown, FSIGX dropped -18.22% vs MWIGX's -18.32%.
MWIGX currently has the higher Sharpe Ratio (1.05 vs 0.83), 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.
Find the right allocation for FSIGX and MWIGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer