IGEB vs. FBNDX
Compare and contrast key facts about iShares Investment Grade Bond Factor ETF (IGEB) and Fidelity Investment Grade Bond Fund (FBNDX).
IGEB is a passively managed fund by iShares that tracks the performance of the BlackRock Investment Grade Enhanced Bond Index. It was launched on Jul 11, 2017. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGEB or FBNDX.
Key characteristics
| IGEB | FBNDX | |
|---|---|---|
| YTD Return | 4.14% | 2.66% |
| 1Y Return | 11.74% | 8.37% |
| 3Y Return (Ann) | -1.28% | -2.06% |
| 5Y Return (Ann) | 1.72% | 0.17% |
| Sharpe Ratio | 2.07 | 1.51 |
| Sortino Ratio | 3.11 | 2.27 |
| Omega Ratio | 1.37 | 1.27 |
| Calmar Ratio | 0.81 | 0.56 |
| Martin Ratio | 9.37 | 5.39 |
| Ulcer Index | 1.31% | 1.67% |
| Daily Std Dev | 5.91% | 5.98% |
| Max Drawdown | -21.13% | -20.16% |
| Current Drawdown | -4.54% | -9.06% |
Correlation
The correlation between IGEB and FBNDX is 0.81, 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.
Performance
IGEB vs. FBNDX - Performance Comparison
In the year-to-date period, IGEB achieves a 4.14% return, which is significantly higher than FBNDX's 2.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGEB vs. FBNDX - Expense Ratio Comparison
IGEB has a 0.18% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
IGEB vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Investment Grade Bond Factor ETF (IGEB) and Fidelity Investment Grade Bond Fund (FBNDX). 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.
Dividends
IGEB vs. FBNDX - Dividend Comparison
IGEB's dividend yield for the trailing twelve months is around 4.84%, more than FBNDX's 3.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 4.84% | 4.60% | 3.63% | 3.84% | 3.77% | 5.61% | 3.59% | 1.61% | 0.00% | 0.00% | 0.00% | 0.00% |
FBNDX Fidelity Investment Grade Bond Fund | 3.90% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% | 2.36% |
Drawdowns
IGEB vs. FBNDX - Drawdown Comparison
The maximum IGEB drawdown since its inception was -21.13%, roughly equal to the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for IGEB and FBNDX. For additional features, visit the drawdowns tool.
Volatility
IGEB vs. FBNDX - Volatility Comparison
iShares Investment Grade Bond Factor ETF (IGEB) has a higher volatility of 1.85% compared to Fidelity Investment Grade Bond Fund (FBNDX) at 1.73%. This indicates that IGEB's price experiences larger fluctuations and is considered to be riskier than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.