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ETFs

Fidelity Investment Grade Bond ETF

FIGB
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Mar 2, 2021
Expense Ratio
0.36%
Type
US Bonds
Fund Owner
Fidelity
Volume (1m avg. daily)
$397,535
AUM
$31,104,095
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
USTN 3.5% 01/31/30
8%
CF.TAXMM
CASH CF
7.56%
—
USTN 4.125% 07/31/28
6.3%
—
USTB 3.625% 02/15/53
5.51%
—
USTN 3.5% 02/15/33
4.89%
—
USTN 3.875% 11/30/27
4.22%
—
USTN 3.875% 11/30/29
3.09%
—
USTB 2.375% 05/15/51
2.66%
GS30J
Goldman Sachs Group, Inc. - 3.80% NT REDEEM 15/03/2030 USD 2000
1.7%
—
USTN 3.75% 05/31/30
1.67%
Invest with FIGB
Trade FIGB Options

What is FIGB?

Fidelity Investment Grade Bond ETF (FIGB) seeks to provide a high level of current income by normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

FIGB
Performance Measures**

for the time period Mar 4, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 0.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -18.0%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 6.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.10

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.02

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFIGB

ETFs correlated to FIGB include AVIG, BND, BKAG

FIGB
Fidelity Covington Trust - Fidelity Investment Grade Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
UTEN
Rbb Fund Inc - US Treasury 10 Year Note ETF
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FIGB is a US Bonds ETF. Fidelity Investment Grade Bond ETF (FIGB) seeks to provide a high level of current income by normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities.

Yes, FIGB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FIGB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FIGB is -0.0145%. This is the percent change in the value of FIGB over the most recent 1-month period. The 3-month return on FIGB is -0.0332%. This is the percent change in the value of FIGB over the most recent 3-month period.

The standard deviation of FIGB for the past year is 0.0751%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FIGB include GSY, GVI, and BLV.

ETFs correlated to FIGB include AVIG, BND, and BKAG.

ETFs that are inversely correlated to FIGB include PST, TBX, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.