VGVT vs. FIGB

Last updated Jun 4, 2026

VGVT (Vanguard Government Securities Active ETF) and FIGB (Fidelity Investment Grade Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. VGVT charges 0.10%/yr vs 0.36%/yr for FIGB.

Performance

VGVT vs. FIGB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Government Securities Active ETF (VGVT) and Fidelity Investment Grade Bond ETF (FIGB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGVT achieves a 0.11% return, which is significantly lower than FIGB's 0.14% return.

VGVT

• 1D: -0.15%
• 1M: 0.17%
• YTD: 0.11%
• 6M: 0.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIGB

• 1D: -0.14%
• 1M: 0.11%
• YTD: 0.14%
• 6M: 0.08%
• 1Y: 4.93%
• 3Y*: 4.09%
• 5Y*: 0.24%
• 10Y*: —

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

VGVT vs. FIGB - Yearly Performance Comparison

	2026 (YTD)	2025
VGVT Vanguard Government Securities Active ETF	0.11%	3.28%
FIGB Fidelity Investment Grade Bond ETF	0.14%	3.20%

Correlation

The correlation between VGVT and FIGB is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.81

Return for Risk

VGVT vs. FIGB — Risk / Return Rank

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

FIGB

FIGB Risk / Return Rank: 32
FIGB Sharpe Ratio Rank: 32
FIGB Sortino Ratio Rank: 32
FIGB Omega Ratio Rank: 30
FIGB Calmar Ratio Rank: 34
FIGB Martin Ratio Rank: 34

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.

VGVT vs. FIGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Government Securities Active ETF (VGVT) and Fidelity Investment Grade Bond ETF (FIGB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VGVT	FIGB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.19	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.04	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.07	+1.11

Drawdowns

VGVT vs. FIGB - Drawdown Comparison

The maximum VGVT drawdown since its inception was -2.77%, smaller than the maximum FIGB drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for VGVT and FIGB.

Drawdown Indicators

	VGVT	FIGB	Difference
Max Drawdown Largest peak-to-trough decline	-2.77%	-18.08%	+15.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.08%	—
Current Drawdown Current decline from peak	-1.76%	-1.60%	-0.16%
Average Drawdown Average peak-to-trough decline	-0.67%	-6.92%	+6.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	VGVT	FIGB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.22%	4.16%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.22%	6.28%	-3.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.22%	6.17%	-2.95%

VGVT vs. FIGB - Expense Ratio Comparison

VGVT has a 0.10% expense ratio, which is lower than FIGB's 0.36% expense ratio.

Dividends

VGVT vs. FIGB - Dividend Comparison

VGVT's dividend yield for the trailing twelve months is around 3.99%, less than FIGB's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021
FIGB Fidelity Investment Grade Bond ETF	4.11%	4.15%	4.28%	3.79%	2.44%	1.10%
VGVT Vanguard Government Securities Active ETF	3.99%	2.29%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VGVT and FIGB in my portfolio?

VGVT and FIGB have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGVT or FIGB?

On fees, VGVT is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGVT or FIGB?

VGVT is cheaper with a 0.10% expense ratio, compared with 0.36% for FIGB.

Which ETF pays a higher dividend yield, VGVT or FIGB?

FIGB has the higher dividend yield at 4.11%, compared with 3.99% for VGVT.

What is the main difference between VGVT and FIGB?

They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.10% for VGVT and 0.36% for FIGB.