ILCG vs. FBND

Last updated Jun 9, 2026

ILCG (iShares Morningstar Growth ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - ILCG is a Large Cap Growth Equities fund tracking the Morningstar US Large-Mid Cap Broad Growth Index Gross, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. ILCG is passively managed, while FBND is actively managed. Over the past 10 years, ILCG returned 17.83%/yr vs 2.47%/yr for FBND. At a 0.13 correlation, their price movements are largely independent. ILCG charges 0.04%/yr vs 0.36%/yr for FBND.

Performance

ILCG vs. FBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Growth ETF (ILCG) and Fidelity Total Bond ETF (FBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ILCG achieves a 10.48% return, which is significantly higher than FBND's 0.10% return. Over the past 10 years, ILCG has outperformed FBND with an annualized return of 17.83%, while FBND has yielded a comparatively lower 2.47% annualized return.

ILCG

• 1D: 0.76%
• 1M: 0.01%
• YTD: 10.48%
• 6M: 9.79%
• 1Y: 24.11%
• 3Y*: 25.09%
• 5Y*: 14.03%
• 10Y*: 17.83%

FBND

• 1D: -0.07%
• 1M: -0.69%
• YTD: 0.10%
• 6M: 0.40%
• 1Y: 5.34%
• 3Y*: 4.60%
• 5Y*: 0.68%
• 10Y*: 2.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ILCG vs. FBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ILCG iShares Morningstar Growth ETF	10.48%	16.71%	32.82%	40.41%	-31.75%	24.33%	38.56%	33.22%	2.06%	30.57%
FBND Fidelity Total Bond ETF	0.10%	7.57%	2.13%	6.81%	-12.54%	-0.43%	9.41%	9.82%	-0.57%	3.52%

Correlation

The correlation between ILCG and FBND is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Oct 10, 2014	0.13

The correlation between ILCG and FBND shifts across timeframes, from 0.13 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

ILCG vs. FBND - Sectors Allocation Comparison

Sectors	ILCG	FBND
Technology	49.8%	-
Communication Services	14.5%	-
Consumer Cyclical	10.6%	-
Industrials	8.3%	71.4%
Financial Services	6.0%	0.2%
Healthcare	5.3%	-
Consumer Defensive	1.6%	-
Real Estate	1.4%	-
Basic Materials	1.1%	-
Utilities	0.8%	27.5%
Energy	0.5%	1.1%

Return for Risk

ILCG vs. FBND — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ILCG

ILCG Risk / Return Rank: 41
ILCG Sharpe Ratio Rank: 45
ILCG Sortino Ratio Rank: 43
ILCG Omega Ratio Rank: 45
ILCG Calmar Ratio Rank: 34
ILCG Martin Ratio Rank: 38

FBND

FBND Risk / Return Rank: 44
FBND Sharpe Ratio Rank: 45
FBND Sortino Ratio Rank: 47
FBND Omega Ratio Rank: 41
FBND Calmar Ratio Rank: 45
FBND Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ILCG vs. FBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Growth ETF (ILCG) and Fidelity Total Bond ETF (FBND). 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.

	ILCG	FBND	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.41	+0.03
Sortino ratio: Return per unit of downside risk	1.94	2.09	-0.15
Omega ratio: Gain probability vs. loss probability	1.26	1.25	+0.01
Calmar ratio: Return relative to maximum drawdown	1.55	2.01	-0.46
Martin ratio: Return relative to average drawdown	5.43	5.97	-0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ILCG vs. FBND - Sharpe Ratio Comparison

The current ILCG Sharpe Ratio is 1.44, which is comparable to the FBND Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of ILCG and FBND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ILCG	FBND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	1.41	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.12	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.41	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.44	+0.14

Drawdowns

ILCG vs. FBND - Drawdown Comparison

The maximum ILCG drawdown since its inception was -52.98%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for ILCG and FBND.

Drawdown Indicators

	ILCG	FBND	Difference
Max Drawdown Largest peak-to-trough decline	-52.98%	-17.25%	-35.73%
Max Drawdown (1Y) Largest decline over 1 year	-15.65%	-2.66%	-12.99%
Max Drawdown (3Y) Largest decline over 3 years	-23.10%	-5.94%	-17.16%
Max Drawdown (5Y) Largest decline over 5 years	-35.38%	-17.25%	-18.13%
Max Drawdown (10Y) Largest decline over 10 years	-35.38%	-17.25%	-18.13%
Current Drawdown Current decline from peak	-4.48%	-1.82%	-2.66%
Average Drawdown Average peak-to-trough decline	-8.22%	-3.35%	-4.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	0.90%	+3.55%

Volatility

ILCG vs. FBND - Volatility Comparison

iShares Morningstar Growth ETF (ILCG) has a higher volatility of 6.01% compared to Fidelity Total Bond ETF (FBND) at 1.23%. This indicates that ILCG's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ILCG	FBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.01%	1.23%	+4.78%
Volatility (6M) Calculated over the trailing 6-month period	13.55%	2.75%	+10.80%
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	3.80%	+13.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.08%	5.92%	+16.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	6.10%	+15.48%

ILCG vs. FBND - Expense Ratio Comparison

ILCG has a 0.04% expense ratio, which is lower than FBND's 0.36% expense ratio.

Dividends

ILCG vs. FBND - Dividend Comparison

ILCG's dividend yield for the trailing twelve months is around 0.42%, less than FBND's 4.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBND Fidelity Total Bond ETF	4.72%	4.70%	4.73%	4.26%	3.07%	1.86%	4.25%	2.90%	2.93%	2.56%	2.84%	3.26%
ILCG iShares Morningstar Growth ETF	0.42%	0.47%	0.50%	0.69%	0.75%	0.34%	0.28%	0.54%	0.81%	0.89%	0.95%	0.99%

Frequently Asked Questions

Can I hold both ILCG and FBND in my portfolio?

ILCG and FBND have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ILCG or FBND?

ILCG has higher volatility (6.01%) compared to FBND (1.23%). In terms of maximum drawdown, ILCG dropped -52.98% vs FBND's -17.25%.

Which ETF is better, ILCG or FBND?

On 10-year performance, ILCG leads with 17.83% vs 2.47% for FBND. On fees, ILCG is cheaper at 0.04% per year. On volatility, FBND has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ILCG or FBND?

Over the 10-year period, ILCG has performed better with a 17.83% return vs 2.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ILCG or FBND?

ILCG is cheaper with a 0.04% expense ratio, compared with 0.36% for FBND.

Which ETF pays a higher dividend yield, ILCG or FBND?

FBND has the higher dividend yield at 4.72%, compared with 0.42% for ILCG.

What is the main difference between ILCG and FBND?

ILCG is categorized as Large Cap Growth Equities, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.04% for ILCG and 0.36% for FBND.

Which has better risk-adjusted returns?

ILCG currently has the higher Sharpe Ratio (1.44 vs 1.41), 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.