FSEC vs VAW

Comparison between FIDELITY INVESTMENT GRADE SECURITIZED ETF (FSEC, ETF) and VANGUARD MATERIALS INDEX FUND ETF SHARES (VAW, ETF).

5-Year PerformanceVAW has outperformed FSEC, delivering a return of +6.5% compared to +0.5%

FSEC vs VAW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FSEC(ETF)	VAW(ETF)
Net Assets	$4.40B	$4.50B
Expense Ratio	0.36%	0.09%
Max Drawdown	22.11%	63.47%
Sharpe Ratio	0.54	1.30
5Y Beta	0.01	0.85
P/E Ratio	N/A	35.70
Forward P/E	N/A	18.39
5Y Dividends CAGR	100.12%	14.00%
5Y EPS CAGR	N/A	18.86%
Debt to Equity	N/A	52.39%
P/S Ratio	N/A	2.10
P/B Ratio	N/A	3.06

Net Assets

FSEC

$4.40B

Winner

VAW

$4.50B

Expense Ratio

FSEC

0.36%

Winner

VAW

0.09%

Max Drawdown

Winner

FSEC

22.11%

VAW

63.47%

Sharpe Ratio

FSEC

0.54

Winner

VAW

1.30

5Y Beta

Winner

FSEC

0.01

VAW

0.85

P/E Ratio

FSEC

N/A

VAW

35.70

Forward P/E

FSEC

N/A

VAW

18.39

5Y Dividends CAGR

Winner

FSEC

100.12%

VAW

14.00%

5Y EPS CAGR

FSEC

N/A

VAW

18.86%

Debt to Equity

FSEC

N/A

VAW

52.39%

P/S Ratio

FSEC

N/A

VAW

2.10

P/B Ratio

FSEC

N/A

VAW

3.06

FSEC vs VAW - Historical Returns

Returns include dividend reinvestment.

Period	FSEC	VAW
1 month	-0.35%	-0.52%
3 months	-0.64%	-0.94%
6 months	+1.11%	+19.06%
1 year	+7.12%	+25.34%
5 years(CAGR)	+0.48%	+6.54%
10 years(CAGR)	N/A	+10.74%
Max(CAGR)	+0.40%	+9.32%

Winner

FSEC

-0.35%

VAW

-0.52%

Winner

FSEC

-0.64%

VAW

-0.94%

FSEC

+1.11%

Winner

VAW

+19.06%

FSEC

+7.12%

Winner

VAW

+25.34%

5Y(CAGR)

FSEC

+0.48%

Winner

VAW

+6.54%

10Y(CAGR)

FSEC

N/A

VAW

+10.74%

Max(CAGR)

FSEC

+0.40%

Winner

VAW

+9.32%

FSEC vs VAW - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	FSEC	VAW
2026	+0.70%	+12.29%
2025	+8.06%	+13.45%
2024	+2.68%	+0.72%
2023	+4.77%	+13.72%
2022	-12.33%	-10.82%
2021	-0.50%	+28.37%
2020	N/A	+20.65%
2019	N/A	+22.95%
2018	N/A	-18.75%
2017	N/A	+22.77%
2016	N/A	+23.44%
2015	N/A	-10.48%
2014	N/A	+6.67%
2013	N/A	+21.70%
2012	N/A	+14.15%
2011	N/A	-10.25%
2010	N/A	+20.83%
2009	N/A	+45.94%
2008	N/A	-46.00%
2007	N/A	+26.82%
2006	N/A	+17.74%
2005	N/A	+4.50%
2004	N/A	+21.63%

FSEC vs VAW Drawdown Comparison

The maximum drawdown for FSEC was -17.97%, occurring on Oct 24, 2022. Recovery took 1054 trading sessions.

The maximum drawdown for VAW was -62.12%, occurring on Mar 9, 2009. Recovery took 1170 trading sessions.

The current FSEC drawdown is -1.45%. The current VAW drawdown is -2.98%.

Rank	FSEC	VAW
#1	-17.97% Aug 3, 2021 - Oct 14, 2025	-62.12% May 16, 2008 - Jan 9, 2013
#2	-2.46% Feb 27, 2026 - Mar 26, 2026	-41.14% Jan 26, 2018 - Sep 1, 2020
#3	-1.23% Oct 14, 2025 - Jan 9, 2026	-27.23% Feb 24, 2015 - Nov 15, 2016
#4	-0.74% Apr 30, 2021 - Jul 19, 2021	-25.49% Apr 20, 2022 - Feb 29, 2024
#5	-0.63% Mar 4, 2021 - Apr 15, 2021	-23.20% Oct 18, 2024 - Dec 26, 2025
#6	-0.56% Jan 9, 2026 - Jan 27, 2026	-16.60% May 9, 2006 - Nov 22, 2006
#7	-0.38% Feb 13, 2026 - Feb 27, 2026	-16.36% Mar 4, 2005 - Jan 26, 2006
#8	-0.36% Jan 27, 2026 - Feb 5, 2026	-15.95% Jul 19, 2007 - Oct 9, 2007
#9	-0.29% Apr 22, 2021 - Apr 30, 2021	-15.12% Dec 10, 2007 - Apr 4, 2008
#10	-0.16% Feb 5, 2026 - Feb 10, 2026	-13.42% Feb 27, 2026 - Mar 20, 2026
#11	-0.13% Jul 20, 2021 - Jul 27, 2021	-12.15% Sep 5, 2014 - Feb 13, 2015
#12	-0.11% Feb 10, 2026 - Feb 12, 2026	-12.02% Mar 1, 2004 - Sep 2, 2004
#13	-0.04% Apr 15, 2021 - Apr 19, 2021	-11.29% Oct 31, 2007 - Dec 10, 2007
#14	-0.04% Jul 27, 2021 - Jul 29, 2021	-10.81% Jan 4, 2022 - Mar 25, 2022
#15	N/A	-10.71% May 17, 2021 - Nov 8, 2021

Correlation

Correlation between FSEC and VAW is 0.56 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.56

-101

Dividend Comparison (2004 - 2026)

FSEC vs VAW dividend yield comparison.

Year	FSEC	VAW
2026	1.25%	0.34%
2025	4.22%	1.55%
2024	3.22%	1.70%
2023	3.41%	1.72%
2022	2.21%	1.98%
2021	0.96%	1.44%
2020	0.00%	1.67%
2019	0.00%	1.94%
2018	0.00%	2.03%
2017	0.00%	1.63%
2016	0.00%	1.67%
2015	0.00%	2.30%
2014	0.00%	1.76%
2013	0.00%	1.84%
2012	0.00%	1.87%
2011	0.00%	2.16%
2010	0.00%	2.18%
2009	0.00%	1.36%
2008	0.00%	3.52%
2007	0.00%	1.45%
2006	0.00%	1.61%
2005	0.00%	1.61%
2004	0.00%	1.66%