Fidelity Investment Grade Securitized ETF (FSEC) Performance
FSEC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.0% since Dec 31, 2025
- 1 year
- −0.6% total return
- 5 years
- +0.2% a year
- Since first price
- +0.1% a year since 2021
FSEC trailing returns vs SPY, QQQ, AGG
| Period | FSEC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.8% | +0.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.0% | −1.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.0% | −3.9% | +7.8% | +8.4% | −1.5% |
| YTD | −1.0% | −3.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −0.6% | −4.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +21.0%+6.6%/yr | +8.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +1.1%+0.2%/yr | −14.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMar 4, 2021 | +0.5%+0.1%/yr | −15.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FSEC vs SPY
From Mar 4, 2021: FSEC grew to $10,051, SPY to $21,781.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FSEC returns by calendar year
3 of 4 full years positive. Best 2025 (+8.3%), worst 2022 (−12.6%). 2026 is year to date.
FSEC annual returns table
| Year | FSEC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −1.0% | −5.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.3% | −4.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +2.4% | −5.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.2% | −8.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −12.6% | −16.7% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FSEC largest drawdowns
Now 3.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 3, 2021 | −18.0% | Oct 24, 2022 | Oct 14, 2025 | 1.2 years | 4.2 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FSEC risk statistics
| Statistic | 3 years | 5 years | Since 2021 |
|---|---|---|---|
| Annualized return | +5.0% | −0.2% | −0.1% |
| Volatility (annualized) | 6.4% | 7.0% | 6.7% |
| Sharpe ratio | 0.12 | -0.52 | -0.48 |
| Sortino ratio | 0.17 | -0.66 | -0.61 |
| Best month | +5.4% | +5.4% | +5.4% |
| Worst month | −3.1% | −4.9% | −4.9% |
| Best 12 months | +13.5% | +13.5% | +13.5% |
| Worst 12 months | −1.0% | −15.4% | −15.4% |
| Positive months | 69% | 55% | 55% |
| Beta vs S&P 500 | 0.25 | 0.27 | — |
| Correlation with S&P 500 | 0.50 | 0.61 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FSEC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 56 | −15.4% | +2.6% | +13.5% | 59% |
| 3-year (a year) | 32 | −4.2% | +2.5% | +6.4% | 62% |
| 5-year (a year) | 8 | −0.2% | +0.4% | +0.6% | 88% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
FSEC performance overview
Fidelity Investment Grade Securitized ETF (FSEC) returned −0.6% over the past year and +0.2% a year over five years, with distributions reinvested. Since its first recorded price in 2021 it has returned +0.1% a year, turning $10,000 into about $10,051. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.0%, from Aug 3, 2021 to Oct 24, 2022, and it took 3.0 years to get back to the old high. FSEC finished 3 of its 4 full calendar years with a gain; the best year was 2025 (+8.3%) and the worst 2022 (−12.6%). Volatility has been 6.7% a year.
Related: FSEC chart, FSEC dividends. See the FSEC overview for the latest quote and fund facts.
FSEC performance FAQ
What is the FSEC return over the past year?
FSEC returned −0.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.9%.
What is the average annual return of FSEC?
FSEC has returned +0.2% a year over 5 years, +0.1% a year since March 4, 2021 (total return, distributions reinvested).
How much would $10,000 invested in FSEC be worth?
$10,000 invested in FSEC at its first recorded close on March 4, 2021 would be worth about $10,051 on October 23, 2026 with distributions reinvested.
What was the worst year for FSEC?
The worst calendar year was 2022, with a total return of −12.6%. The best was 2025 at +8.3%.
What is the biggest drawdown of FSEC?
The largest peak-to-trough decline was −18.0% between August 3, 2021 and October 24, 2022. It recovered to the old high on October 14, 2025, 3.0 years after the bottom.
How volatile is FSEC?
Over the past 3 years FSEC had an annualized volatility of 6.4% and a Sharpe ratio of 0.12 (excess return over 1–3 month T-bills per unit of risk).