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FCLO vs FIGB

Fidelity CLO ETF vs Fidelity Investment Grade Bond ETF

FCLO

Fidelity CLO ETF

Fidelity Investments

Annual cost

0.00%

Fund size

$25M

FIGB

Fidelity Investment Grade Bond ETF

Fidelity Investments

Annual cost

0.36%

Fund size

$465M

Key differences

  • FCLO costs 0.36% less per year.
  • FIGB is significantly larger than FCLO — larger funds tend to be more liquid and less likely to close.
  • FCLO follows a multi strategy strategy; FIGB uses index tracking.
  • FIGB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FCLOFIGB
Annual cost (TER)0.00%0.36%
Fund size (AUM)$25M$465M
Since20262021
Dividend yield4.13%
Asset classfixed incomefixed income
Region
Strategymulti strategyindex tracking
CAGR 1YN/A+5.2%
CAGR 3YN/A+3.8%
CAGR 5YN/A+0.3%
Sharpe 3YN/A0.07
Volatility 1Y4.53%
Max drawdown-0.58%-18.08%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FCLO and FIGB