Data as of January 9, 2026, shows the Fidelity Investment Grade Bond ETF (FIGB) and the Fidelity Total Bond ETF (FBND) both delivered a one-year total return of 3.8%. Both funds charge an identical annual expense ratio of 0.36%.
FBND, however, manages $23.4 billion in assets, a figure that vastly exceeds the $327.1 million under management for FIGB. The Fidelity Total Bond ETF also offers a dividend yield of 4.7%, compared to the 4.1% yield from the Investment Grade Bond ETF.
In terms of portfolio composition, FBND holds 2,742 bonds. Its sector allocation is reported as 95% energy and 5% utilities. Top holdings include Bank of America 3.419%/var 12/20/28, JPMorgan Chase 4.452%/var 12/05/29, and Goldman Sachs 3.691/var 6/05/28, with each representing less than 1% of the fund's assets.
FIGB's portfolio is more concentrated, with 180 holdings. All its assets are classified as cash and others. Its largest positions are Goldman Sachs 3.8% 03/15/30, JPMorgan Chase 4.493%/var 3/24/31, and Morgan Stanley 4.431/var 1/23/30, each just over 1.5% of the fund.
Risk metrics indicate FBND has a beta of 0.97, while FIGB's beta is 1.02. Over a four-year period, FIGB's maximum drawdown was 16.18%, slightly deeper than FBND's 15.48% drawdown. Neither fund employs leverage or currency hedges.