FIGB vs IVV
FIGB vs IVV
Fidelity Investment Grade Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FIGB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | |
| AUM | $507M | $865.2B | |
| Dividend Yield | 4.45% | 1.09% | |
| Holdings | 760 | 508 | |
| YTD Return | +0.03% | +13.52% | |
| 1Y Return | +2.05% | +23.63% | |
| 3Y Return (annualized) | +4.26% | +21.26% | |
| 5Y Return (annualized) | -0.20% | +13.52% | |
| Volatility (annualized) | 6.3% | 15.1% | |
| Max Drawdown | -18.1% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 2, 2021 | May 15, 2000 |
FIGB vs IVV Performance
Fidelity Investment Grade Bond ETF (FIGB) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FIGB returned +2.05% while IVV returned +23.63%. Year to date, FIGB is up 0.03% versus a gain of 13.52% for IVV.
Over three years, FIGB compounded at +4.26% per year against +21.26% for IVV; over five years the annualized figures are -0.20% and +13.52% respectively. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs +0.34%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 6.3% for FIGB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.1% for FIGB and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FIGB charges 0.36% per year while IVV charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, FIGB currently yields 4.45% against 1.09% for IVV.
Holdings Overlap
FIGB and IVV share 0 holdings out of 519 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FIGB or IVV?
FIGB has an expense ratio of 0.36% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, FIGB or IVV?
Over the past year FIGB returned +2.05% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), FIGB annualized +0.34% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, FIGB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.3% for FIGB. Worst drawdown: FIGB -18.1% vs IVV -56.5%.
Should I hold both FIGB and IVV?
FIGB and IVV have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FIGB and IVV?
FIGB and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, FIGB or IVV?
FIGB yields 4.45% while IVV yields 1.09%, so FIGB currently pays the higher dividend yield.
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