FIGB vs VCV

Comparison between FIDELITY INVESTMENT GRADE BOND ETF (FIGB, ETF) and Invesco California Value Municipal Income Trust (VCV, ETF).

5-Year PerformanceVCV has outperformed FIGB, delivering a return of +0.4% compared to +0.2%

FIGB vs VCV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FIGB(ETF)	VCV(ETF)
Net Assets	$499M	$497M
Expense Ratio	0.36%	N/A
Max Drawdown	21.47%	63.94%
Sharpe Ratio	0.26	0.85
5Y Beta	0.01	0.12
5Y Dividends CAGR	66.05%	6.81%

Net Assets

Winner

FIGB

$499M

VCV

$497M

Expense Ratio

FIGB

0.36%

VCV

N/A

Max Drawdown

Winner

FIGB

21.47%

VCV

63.94%

Sharpe Ratio

FIGB

0.26

Winner

VCV

0.85

5Y Beta

Winner

FIGB

0.01

VCV

0.12

5Y Dividends CAGR

Winner

FIGB

66.05%

VCV

6.81%

FIGB vs VCV - Historical Returns

Returns include dividend reinvestment.

Period	FIGB	VCV
1 month	+0.39%	-0.12%
3 months	+0.20%	+0.07%
6 months	+0.80%	+1.27%
1 year	+4.19%	+12.25%
5 years(CAGR)	+0.20%	+0.39%
10 years(CAGR)	N/A	+2.46%
Max(CAGR)	+0.44%	+5.14%

Winner

FIGB

+0.39%

VCV

-0.12%

Winner

FIGB

+0.20%

VCV

+0.07%

FIGB

+0.80%

Winner

VCV

+1.27%

FIGB

+4.19%

Winner

VCV

+12.25%

5Y(CAGR)

FIGB

+0.20%

Winner

VCV

+0.39%

10Y(CAGR)

FIGB

N/A

VCV

+2.46%

Max(CAGR)

FIGB

+0.44%

Winner

VCV

+5.14%

FIGB vs VCV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FIGB	VCV
2026	+0.51%	-1.68%
2025	+7.05%	+7.58%
2024	+1.63%	+18.51%
2023	+6.17%	+6.44%
2022	-12.86%	-28.13%
2021	+1.77%	+10.23%
2020	N/A	+7.95%
2019	N/A	+16.48%
2018	N/A	-5.26%
2017	N/A	+8.65%
2016	N/A	-3.54%
2015	N/A	+8.92%
2014	N/A	+20.40%
2013	N/A	-12.87%
2012	N/A	+12.78%
2011	N/A	+23.63%
2010	N/A	+1.94%
2009	N/A	+55.43%
2008	N/A	-45.40%
2007	N/A	+1.50%
2006	N/A	+11.44%
2005	N/A	+7.67%
2004	N/A	-6.37%
2003	N/A	+14.77%
2002	N/A	+10.83%
2001	N/A	+8.40%
2000	N/A	+10.38%
1999	N/A	-0.87%

FIGB vs VCV Drawdown Comparison

The maximum drawdown for FIGB was -18.08%, occurring on Oct 24, 2022. Recovery took 1108 trading sessions.

The maximum drawdown for VCV was -58.93%, occurring on Dec 15, 2008. Recovery took 829 trading sessions.

The current FIGB drawdown is -1.40%. The current VCV drawdown is -4.09%.

Rank	FIGB	VCV
#1	-18.08% Sep 14, 2021 - Feb 12, 2026	-58.93% May 11, 2007 - Aug 25, 2010
#2	-2.93% Feb 27, 2026 - May 19, 2026	-38.54% Nov 12, 2021 - Feb 27, 2026
#3	-1.04% Aug 2, 2021 - Sep 14, 2021	-31.73% Feb 21, 2020 - Dec 18, 2020
#4	-0.98% Mar 4, 2021 - Apr 13, 2021	-21.75% Aug 17, 2012 - Dec 2, 2014
#5	-0.97% May 7, 2021 - Jun 4, 2021	-18.38% Sep 8, 2010 - Oct 31, 2011
#6	-0.52% Jul 8, 2021 - Jul 19, 2021	-18.02% Jul 8, 2016 - Jun 20, 2019
#7	-0.50% Apr 21, 2021 - May 7, 2021	-17.84% Mar 17, 2004 - Jul 29, 2005
#8	-0.48% Jun 18, 2021 - Jun 30, 2021	-10.15% Mar 2, 2012 - May 4, 2012
#9	-0.43% Jun 10, 2021 - Jun 18, 2021	-8.93% Nov 8, 1999 - Apr 6, 2000
#10	-0.42% Jul 19, 2021 - Aug 2, 2021	-8.45% Sep 3, 2019 - Feb 6, 2020
#11	-0.23% Apr 16, 2021 - Apr 20, 2021	-8.29% Feb 27, 2026 - Apr 6, 2026
#12	-0.21% Feb 17, 2026 - Feb 23, 2026	-8.25% Feb 2, 2015 - Oct 30, 2015
#13	-0.18% Jun 30, 2021 - Jul 2, 2021	-8.00% Apr 11, 2000 - Jun 20, 2000
#14	-0.05% Feb 24, 2026 - Feb 26, 2026	-7.94% Sep 15, 2021 - Nov 8, 2021
#15	-0.01% Jun 4, 2021 - Jun 8, 2021	-7.93% Feb 15, 2001 - Jul 24, 2001

Correlation

Correlation between FIGB and VCV is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.

0.97

-101

Dividend Comparison (2000 - 2026)

FIGB vs VCV dividend yield comparison.

Year	FIGB	VCV
2026	1.61%	3.03%
2025	4.15%	6.96%
2024	4.28%	5.76%
2023	3.79%	4.16%
2022	2.44%	5.46%
2021	1.10%	4.09%
2020	0.00%	4.07%
2019	0.00%	4.43%
2018	0.00%	5.46%
2017	0.00%	5.10%
2016	0.00%	5.86%
2015	0.00%	5.98%
2014	0.00%	6.16%
2013	0.00%	6.95%
2012	0.00%	6.42%
2011	0.00%	7.09%
2010	0.00%	8.09%
2009	0.00%	7.46%
2008	0.00%	11.06%
2007	0.00%	5.32%
2006	0.00%	5.55%
2005	0.00%	7.45%
2004	0.00%	7.40%
2003	0.00%	8.70%
2002	0.00%	6.74%
2001	0.00%	5.92%
2000	0.00%	2.37%