IGV vs. FXNAX
IGV (iShares Expanded Tech-Software Sector ETF) and FXNAX (Fidelity U.S. Bond Index Fund) are both funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software Index, while FXNAX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 10 years, IGV returned 15.87%/yr vs 1.48%/yr for FXNAX. At a correlation of -0.07, they often move in opposite directions. IGV charges 0.39%/yr vs 0.03%/yr for FXNAX.
Performance
IGV vs. FXNAX - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -14.18% return, which is significantly lower than FXNAX's 0.50% return. Over the past 10 years, IGV has outperformed FXNAX with an annualized return of 15.87%, while FXNAX has yielded a comparatively lower 1.48% annualized return.
IGV
- 1D
- -0.24%
- 1M
- 2.37%
- YTD
- -14.18%
- 6M
- -16.00%
- 1Y
- -15.27%
- 3Y*
- 10.04%
- 5Y*
- 3.91%
- 10Y*
- 15.87%
FXNAX
- 1D
- 0.58%
- 1M
- 0.51%
- YTD
- 0.50%
- 6M
- 1.01%
- 1Y
- 4.66%
- 3Y*
- 4.05%
- 5Y*
- -0.02%
- 10Y*
- 1.48%
IGV vs. FXNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -14.18% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 52.86% | 34.33% | 12.44% | 42.16% |
FXNAX Fidelity U.S. Bond Index Fund | 0.50% | 7.14% | 1.35% | 5.82% | -13.55% | -2.10% | 7.63% | 8.50% | 0.04% | 3.50% |
Correlation
The correlation between IGV and FXNAX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | -0.07 |
The correlation between IGV and FXNAX shifts across timeframes, from -0.07 (all time) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGV vs. FXNAX — Risk / Return Rank
IGV
FXNAX
IGV vs. FXNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Fidelity U.S. Bond Index Fund (FXNAX). 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.
| IGV | FXNAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.23 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 1.69 | -2.11 |
| Martin ratioReturn relative to average drawdown | -0.87 | 4.97 | -5.85 |
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Drawdowns
IGV vs. FXNAX - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, which is greater than FXNAX's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for IGV and FXNAX.
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Drawdown Indicators
| IGV | FXNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -19.51% | -43.94% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -2.94% | -33.67% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -6.16% | -30.45% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -18.54% | -27.31% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | -19.51% | -26.34% |
Current DrawdownCurrent decline from peak | -23.00% | -2.79% | -20.21% |
Average DrawdownAverage peak-to-trough decline | -14.45% | -3.86% | -10.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.55% | 1.00% | +16.55% |
Volatility
IGV vs. FXNAX - Volatility Comparison
iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 12.57% compared to Fidelity U.S. Bond Index Fund (FXNAX) at 1.41%. This indicates that IGV's price experiences larger fluctuations and is considered to be riskier than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGV | FXNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 1.41% | +11.16% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 2.87% | +21.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 3.93% | +24.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.92% | 6.08% | +21.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.39% | 5.01% | +21.38% |
IGV vs. FXNAX - Expense Ratio Comparison
IGV has a 0.39% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Dividends
IGV vs. FXNAX - Dividend Comparison
IGV has not paid dividends to shareholders, while FXNAX's dividend yield for the trailing twelve months is around 3.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXNAX Fidelity U.S. Bond Index Fund | 3.70% | 3.58% | 3.40% | 3.15% | 1.81% | 1.74% | 2.92% | 2.68% | 2.74% | 2.57% | 2.76% | 2.52% |
IGV iShares Expanded Tech-Software Sector ETF | 0.00% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
Frequently Asked Questions
IGV and FXNAX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (12.57%) compared to FXNAX (1.41%). In terms of maximum drawdown, IGV dropped -63.45% vs FXNAX's -19.51%.
FXNAX currently has the higher Sharpe Ratio (1.27 vs -0.55), 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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