IUSB vs. FCPGX
IUSB (iShares Core Universal USD Bond ETF) and FCPGX (Fidelity Small Cap Growth Fund) are both funds - IUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Universal Index, while FCPGX is a Small Cap Growth Equities fund managed by Fidelity. Over the past 10 years, IUSB returned 1.97%/yr vs 14.97%/yr for FCPGX. At a 0.08 correlation, their price movements are largely independent. IUSB charges 0.06%/yr vs 1.00%/yr for FCPGX.
Performance
IUSB vs. FCPGX - Performance Comparison
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Returns By Period
In the year-to-date period, IUSB achieves a 0.67% return, which is significantly lower than FCPGX's 18.99% return. Over the past 10 years, IUSB has underperformed FCPGX with an annualized return of 1.97%, while FCPGX has yielded a comparatively higher 14.97% annualized return.
IUSB
- 1D
- -0.07%
- 1M
- 0.46%
- YTD
- 0.67%
- 6M
- 1.05%
- 1Y
- 4.82%
- 3Y*
- 4.70%
- 5Y*
- 0.39%
- 10Y*
- 1.97%
FCPGX
- 1D
- 4.26%
- 1M
- 1.29%
- YTD
- 18.99%
- 6M
- 16.17%
- 1Y
- 36.82%
- 3Y*
- 20.10%
- 5Y*
- 7.60%
- 10Y*
- 14.97%
IUSB vs. FCPGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSB iShares Core Universal USD Bond ETF | 0.67% | 7.38% | 2.11% | 6.23% | -13.04% | -1.33% | 7.62% | 9.13% | -0.27% | 3.82% |
FCPGX Fidelity Small Cap Growth Fund | 18.99% | 11.20% | 20.56% | 19.02% | -25.34% | 10.50% | 36.41% | 36.31% | -4.57% | 28.99% |
Correlation
The correlation between IUSB and FCPGX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.08 |
Over the past year, IUSB and FCPGX have become more correlated (0.36) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
IUSB vs. FCPGX — Risk / Return Rank
IUSB
FCPGX
IUSB vs. FCPGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Universal USD Bond ETF (IUSB) and Fidelity Small Cap Growth Fund (FCPGX). 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.
| IUSB | FCPGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.80 | -0.88 |
| Martin ratioReturn relative to average drawdown | 5.62 | 11.15 | -5.53 |
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Drawdowns
IUSB vs. FCPGX - Drawdown Comparison
The maximum IUSB drawdown since its inception was -17.90%, smaller than the maximum FCPGX drawdown of -59.11%. Use the drawdown chart below to compare losses from any high point for IUSB and FCPGX.
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Drawdown Indicators
| IUSB | FCPGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -59.11% | +41.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -13.12% | +10.59% |
Max Drawdown (3Y)Largest decline over 3 years | -5.82% | -28.69% | +22.87% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -39.04% | +21.17% |
Max Drawdown (10Y)Largest decline over 10 years | -17.90% | -39.04% | +21.14% |
Current DrawdownCurrent decline from peak | -1.09% | -0.19% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -10.69% | +7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 3.29% | -2.43% |
Volatility
IUSB vs. FCPGX - Volatility Comparison
The current volatility for iShares Core Universal USD Bond ETF (IUSB) is 1.30%, while Fidelity Small Cap Growth Fund (FCPGX) has a volatility of 8.73%. This indicates that IUSB experiences smaller price fluctuations and is considered to be less risky than FCPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSB | FCPGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | 8.73% | -7.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 17.37% | -14.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 22.11% | -18.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.80% | 23.65% | -17.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.04% | 22.92% | -17.88% |
IUSB vs. FCPGX - Expense Ratio Comparison
IUSB has a 0.06% expense ratio, which is lower than FCPGX's 1.00% expense ratio.
Dividends
IUSB vs. FCPGX - Dividend Comparison
IUSB's dividend yield for the trailing twelve months is around 4.22%, less than FCPGX's 5.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCPGX Fidelity Small Cap Growth Fund | 5.37% | 6.38% | 1.37% | 0.00% | 0.00% | 19.27% | 8.19% | 5.31% | 14.35% | 6.88% | 1.53% | 4.32% |
IUSB iShares Core Universal USD Bond ETF | 4.22% | 4.17% | 4.04% | 3.46% | 2.53% | 1.74% | 2.68% | 3.04% | 2.98% | 2.56% | 2.60% | 1.95% |
Frequently Asked Questions
IUSB and FCPGX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCPGX has higher volatility (8.73%) compared to IUSB (1.30%). In terms of maximum drawdown, IUSB dropped -17.90% vs FCPGX's -59.11%.
FCPGX currently has the higher Sharpe Ratio (1.66 vs 1.35), 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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