VMBS vs. FSEC
Compare and contrast key facts about Vanguard Mortgage-Backed Securities ETF (VMBS) and Fidelity Investment Grade Securitized ETF (FSEC).
VMBS and FSEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VMBS is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. MBS Index. It was launched on Nov 19, 2009. FSEC is an actively managed fund by Fidelity. It was launched on Mar 2, 2021.
Performance
VMBS vs. FSEC - Performance Comparison
Loading graphics...
VMBS vs. FSEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VMBS Vanguard Mortgage-Backed Securities ETF | 0.41% | 8.36% | 1.70% | 5.34% | -11.90% | -0.74% |
FSEC Fidelity Investment Grade Securitized ETF | 0.26% | 8.33% | 2.40% | 5.22% | -12.62% | -0.49% |
Returns By Period
In the year-to-date period, VMBS achieves a 0.41% return, which is significantly higher than FSEC's 0.26% return.
VMBS
- 1D
- 0.21%
- 1M
- -1.57%
- YTD
- 0.41%
- 6M
- 2.06%
- 1Y
- 5.79%
- 3Y*
- 4.29%
- 5Y*
- 0.49%
- 10Y*
- 1.41%
FSEC
- 1D
- -0.11%
- 1M
- -1.79%
- YTD
- 0.26%
- 6M
- 1.94%
- 1Y
- 5.28%
- 3Y*
- 4.54%
- 5Y*
- 0.45%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VMBS vs. FSEC - Expense Ratio Comparison
VMBS has a 0.04% expense ratio, which is lower than FSEC's 0.36% expense ratio.
Return for Risk
VMBS vs. FSEC — Risk / Return Rank
VMBS
FSEC
VMBS vs. FSEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mortgage-Backed Securities ETF (VMBS) and Fidelity Investment Grade Securitized ETF (FSEC). 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.
| VMBS | FSEC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 0.83 | +0.34 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.20 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.31 | +0.64 |
Martin ratioReturn relative to average drawdown | 6.10 | 3.57 | +2.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VMBS | FSEC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.83 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.07 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.05 | +0.41 |
Correlation
The correlation between VMBS and FSEC is 0.85, 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.
Dividends
VMBS vs. FSEC - Dividend Comparison
VMBS's dividend yield for the trailing twelve months is around 4.23%, less than FSEC's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMBS Vanguard Mortgage-Backed Securities ETF | 4.23% | 4.20% | 3.94% | 3.31% | 2.35% | 1.02% | 2.01% | 2.77% | 2.72% | 2.16% | 2.10% | 2.12% |
FSEC Fidelity Investment Grade Securitized ETF | 4.43% | 4.22% | 3.22% | 3.41% | 2.21% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VMBS vs. FSEC - Drawdown Comparison
The maximum VMBS drawdown since its inception was -17.47%, roughly equal to the maximum FSEC drawdown of -17.97%. Use the drawdown chart below to compare losses from any high point for VMBS and FSEC.
Loading graphics...
Drawdown Indicators
| VMBS | FSEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.47% | -17.97% | +0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -4.08% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -17.97% | +0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -17.47% | — | — |
Current DrawdownCurrent decline from peak | -1.57% | -1.79% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -6.82% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.50% | -0.54% |
Volatility
VMBS vs. FSEC - Volatility Comparison
Vanguard Mortgage-Backed Securities ETF (VMBS) and Fidelity Investment Grade Securitized ETF (FSEC) have volatilities of 1.90% and 1.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VMBS | FSEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 1.92% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 3.38% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 6.42% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.71% | 6.72% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 6.68% | -1.31% |