FIGB vs VOO
FIGB vs VOO
Fidelity Investment Grade Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FIGB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | |
| AUM | $507M | $979.0B | |
| Dividend Yield | 4.45% | 1.09% | |
| Holdings | 760 | 509 | |
| YTD Return | -0.27% | +13.11% | |
| 1Y Return | +1.75% | +22.88% | |
| 3Y Return (annualized) | +4.15% | +21.08% | |
| 5Y Return (annualized) | -0.14% | +13.26% | |
| Volatility (annualized) | 6.3% | 14.1% | |
| Max Drawdown | -18.1% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 2, 2021 | Sep 7, 2010 |
FIGB vs VOO Performance
Fidelity Investment Grade Bond ETF (FIGB) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FIGB returned +1.75% while VOO returned +22.88%. Year to date, FIGB is down 0.27% versus a gain of 13.11% for VOO.
Over three years, FIGB compounded at +4.15% per year against +21.08% for VOO; over five years the annualized figures are -0.14% and +13.26% respectively. Across the full 5-year window we track, VOO has the edge at +13.54% annualized vs +0.29%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 VOO 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 VOO.
Holdings Overlap
FIGB and VOO 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 VOO?
FIGB has an expense ratio of 0.36% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, FIGB or VOO?
Over the past year FIGB returned +1.75% vs +22.88% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), FIGB annualized +0.29% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, FIGB or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 6.3% for FIGB. Worst drawdown: FIGB -18.1% vs VOO -34.3%.
Should I hold both FIGB and VOO?
FIGB and VOO 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 VOO?
FIGB and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, FIGB or VOO?
FIGB yields 4.45% while VOO yields 1.09%, so FIGB currently pays the higher dividend yield.
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