高收益債券ETF（FIGB）提供了相較於 equity‑heavy 的 State Street SPDR S&P 500 ETF Trust（SPY）的另類固定收益投資，具有較低波動性與不同的風險敘事。

While SPY tracks the broad performance of the largest companies in the U.S. stock market, FIGB focuses on the high‑grade debt market. These two funds serve different roles in a portfolio: one seeks capital appreciation, while the other prioritizes income and relative stability.

表現比較

Beta measures price volatility relative to the S&P 500; beta is calculated from five‑year monthly returns. The 1‑yr return represents total return over the trailing 12 months. Dividend yield is the trailing‑12‑month distribution yield.

Investors pay a higher premium for active management or specialized bond exposure, as the Fidelity fund expense ratio is 0.27 percentage points higher than the SPDR trust. However, the Fidelity fund offers a significantly higher payout for income seekers.

風險與績效指標

• 5年最大回撤 (Max drawdown (5 yr))：SPY ((24.5%)) vs FIGB ((18.1%))
• $1,000 成長 (5年總回報)：SPY $1,822 vs FIGB $1,023

The Fidelity Investment Grade Bond ETF, launched in 2021, provides access to U.S. high‑grade bond sectors. The portfolio primarily consists of investment‑grade corporate bonds and U.S. Treasury securities, with 180 total holdings. The fund has a trailing‑12‑month dividend of $1.77 per share.

The State Street SPDR S&P 500 ETF Trust, launched in 1993, holds 504 positions across all major equity sectors. Its largest positions include Nvidia Corp (NASDAQ:NVDA) at 7.97%, Apple Inc (NASDAQ:AAPL) at 6.39%, and Microsoft Corp (NASDAQ:MSFT) at 5.16%. The technology sector accounts for 34% of the fund. It has paid $7.38 per share over the trailing 12 months, reflecting its focus on large‑cap equity growth rather than heavy fixed‑income distributions.

For more guidance on ETF investing, check out the full guide at this link.

Both the Fidelity Investment Grade Bond ETF (FIGB) and the State Street SPDR S&P 500 ETF Trust (SPY) are exchange‑traded funds (ETFs) that investors should get to know. Here are some key takeaways for investors.

First, let’s take a look at SPY. This fund is one of the largest ETFs in the world, with over $720 billion in AUM. The fund tracks the S&P 500 benchmark and, consequently, its top holdings are mostly big tech stocks like Nvidia, Apple, and Microsoft. The fund charges a fairly low expense ratio of 0.09% and has a very modest dividend yield of 1.04%.

分析師觀點

以我多年的市場經驗來看，若以收入為主要目標的投資者，FIGB 的較高配息與較低波動使其成為相當吸引的選擇；但若追求資本增長與長期價值成長，則仍需以 SPY 為核心持倉。在配置資產時，建議根據個人風險承受度與收入需求，適度配置兩類ETF，以達到收益與穩定性的平衡。