BWG vs FIGB
BrandywineGLOBAL Global Income Opportunities Fund Inc vs Fidelity Investment Grade Bond ETF
Which is better, BWG or FIGB?
Each has led over a different period.
FIGB has a lower expense ratio. BWG led over 3Y, 5Y and the full window, FIGB over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BWG | FIGB |
|---|---|---|
| Expense Ratio | 2.66% | 0.36%Best |
| AUM | $137M | $634M |
| Dividend Yield | 11.96% | 4.67% |
| Holdings | 95 | 829 |
| YTD Return | -9.97% | -2.35%Best |
| 1Y Return | -10.67% | -2.38%Best |
| 3Y Return (annualized) | +10.15%Best | +4.58% |
| 5Y Return (annualized) | -0.15%Best | -0.45% |
| Volatility (annualized) | 14.6% | 6.3%Best |
| Max Drawdown | -34.1% | -18.1%Best |
| $10,000 over 5 years | $9,925Best | $9,777 |
| Fund Family | Franklin Templeton Investments (US) | Fidelity Investments (US) |
| Category | Fixed Income | Fixed Income |
| Inception | Mar 28, 2012 | Mar 2, 2021 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown are measured over the window both funds cover: Mar 4, 2021 to Oct 14, 2026 (5.6 years).
BWG vs FIGB growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.6 years both funds cover.
BWG vs FIGB Performance
BrandywineGLOBAL Global Income Opportunities Fund Inc (BWG) is an ETF from Franklin Templeton Investments (US) and Fidelity Investment Grade Bond ETF (FIGB) is an ETF from Fidelity Investments (US). Over the past year BWG returned -10.67% while FIGB returned -2.38%. Year to date, BWG is down 9.97% versus a loss of 2.35% for FIGB.
Over three years, BWG compounded at +10.15% per year against +4.58% for FIGB; over five years the annualized figures are -0.15% and -0.45% respectively. Across the full 6-year window we track, BWG has the edge at +0.98% annualized vs -0.10%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BWG has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 6.3% for FIGB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -34.1% for BWG and -18.1% for FIGB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BWG charges 2.66% per year while FIGB charges 0.36%. On a $10,000 position that is $266 vs $36 annually, a gap of $230 per year that compounds over a long holding period. On income, BWG currently yields 11.96% against 4.67% for FIGB.
Holdings Overlap
We hold position weights for 55 holdings in BWG and 80 in FIGB, totalling 56.9% and 31.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 49 days apart, BWG as of Jul 31, 2026 and FIGB as of Sep 18, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 55 positions we hold weights for in BWG and 80 in FIGB, against full books of 95 and 829.
You are not choosing between two funds in isolation.
Whichever of BWG and FIGB you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BWG or FIGB?
BWG has an expense ratio of 2.66% while FIGB charges 0.36%. FIGB is the cheaper option, by $230 a year on a $10,000 investment.
Which performed better, BWG or FIGB?
Over the past year BWG returned -10.67% vs -2.38% for FIGB, so FIGB leads on 1-year performance. Over the longest common window we track (6 years), BWG annualized +0.98% vs -0.10% for FIGB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BWG or FIGB?
BWG has been the more volatile fund at 14.6% annualized versus 6.3% for FIGB. Worst drawdown: BWG -34.1% vs FIGB -18.1%.
Should I hold both BWG and FIGB?
BWG and FIGB have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BWG or FIGB?
BWG yields 11.96% while FIGB yields 4.67%, so BWG currently pays the higher dividend yield.
Is FIGB better than BWG?
FIGB has a lower expense ratio. BWG led over 3Y, 5Y and the full window, FIGB over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.