<h2>关键点</h2>
<ul>
<li>FIGB 的费用比率较高，但提供更广泛的多样化和略高于 VGIT 的收益率。</li>
<li>VGIT 的回撤幅度较小，流动性远高于 FIGB，管理资产规模也更大。</li>
<li>两只基金主要持有美国政府债券，但 FIGB 包含更广泛的投资级别行业组合。</li>
<li>我们更喜欢的 10 只股票，胜过 Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF ›</li>
</ul>
<p><strong>Vanguard 中期国债 ETF</strong>(NASDAQ:VGIT) 和 <strong>Fidelity 投资级债券 ETF</strong>(NYSEMKT:FIGB) 在成本、多样化和流动性方面差异最大，FIGB 提供更广泛的债券组合和更高的收益率，但费用比率明显更高，交易量也较低。</p>
<p>VGIT 和 FIGB 都是适合寻求收入和相对稳定性的投资者的核心美国债券基金，但它们的投资策略和成本结构使其有所不同。此比较分析了哪只基金可能更符合投资者在成本、风险、收益和债券敞口广度方面的优先考虑。</p>
<h2>快照（成本与规模）</h2>
<table>
<thead>
<tr>
<th>指标</th>
<th>VGIT</th>
<th>FIGB</th>
</tr>
</thead>
<tbody>
<tr>
<td>发行人</td>
<td>Vanguard</td>
<td>Fidelity</td>
</tr>
<tr>
<td>费用比率</td>
<td>0.03%</td>
<td>0.36%</td>
</tr>
<tr>
<td>1 年回报（截至 2026-04-09）</td>
<td>4.7%</td>
<td>5.9%</td>
</tr>
<tr>
<td>股息收益率</td>
<td>3.8%</td>
<td>4.1%</td>
</tr>
<tr>
<td>贝塔</td>
<td>0.80</td>
<td>1.02</td>
</tr>
<tr>
<td>管理资产规模</td>
<td>485 亿美元</td>
<td>4.509 亿美元</td>
</tr>
</tbody>
</table>
<p><em>贝塔值衡量相对于 S&amp;P 500 的价格波动性；贝塔值是根据五年期的月度回报计算的。1 年回报代表过去 12 个月的总回报。</em></p>
<p>VGIT 的费用显著更低，仅收取 0.03% 的年度费用，而 FIGB 则为 0.36%。FIGB 略高的收益率可能吸引以收入为重点的投资者，但费用差距可能会对注重成本的投资者产生更大的影响。</p>
<h2>绩效与风险比较</h2>
<table>
<thead>
<tr>
<th>指标</th>
<th>VGIT</th>
<th>FIGB</th>
</tr>
</thead>
<tbody>
<tr>
<td>最大回撤（5 年）</td>
<td>-15.03%</td>
<td>-18.06%</td>
</tr>
<tr>
<td>5 年内 $1,000 的增长</td>
<td>$1,018</td>
<td>$1,026</td>
</tr>
</tbody>
</table>
<h2>内部构成</h2>
<p>FIGB 旨在提供对美国投资级债券的多样化敞口，截至其 5.1 年的跟踪记录，持有约 180 种证券。其主要持仓包括大量现金头寸，以及反映高质量美国债券市场中不同到期和行业的长期美国国债。</p>
<p>相比之下，VGIT 的投资范围更窄，仅投资于 76 种持仓，主要是中期美国国债和债券。其主要持仓集中在近期的国债发行上，且该基金保持 100% 的政府债务配置，提供最低的信用风险和简单的投资组合特征。</p>
<p>有关 ETF 投资的更多指导，请查看 此链接 的完整指南。</p>
<h2>这对投资者意味着什么</h2>
<p>债券是投资组合中股票的良好补充，提供多样化、收入和稳定性。它们通常与股票呈反向运动，减轻股市下跌的影响，并提供比现金更高、更稳定的回报，以抵御通货膨胀。</p>
<p>尽管 Vanguard 中期国债 ETF (VGIT) 和 Fidelity 投资级债券 ETF (FIGB) 都是以债券为重点的交易所交易基金，但每个基金服务于不同的投资目标。</p>
<p>VGIT 适合优先考虑最大安全性的投资者，其较低的五年最大回撤、低波动性和低成本证明了这一点。它是一只被动管理的基金，因其 485 亿美元的管理资产而提供高流动性。其权衡是较低的股息收益率和一年的回报。</p>
<p>FIGB 通过主动管理的基金提供更高的股息收益率和一年的回报。它通过更广泛的债券组合（包括公司债券）提供更多的多样化。但这也增加了其相对于 VGIT 的风险特征，其 0.36% 的费用比率也显著更高。</p>
<p>最终，VGIT 适合保守、注重成本的投资者，强调资本保值。FIGB 适合那些希望在支付更高费用和承担更高风险的情况下获得更高收入和潜在收益的人。</p>
<h2>你现在应该购买 Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF 的股票吗？</h2>
<p>在你购买 Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF 的股票之前，请考虑以下几点：</p>
<p><em>Motley Fool Stock Advisor</em> 分析团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而 Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF 并不在其中。这 10 只股票可能在未来几年内产生巨额回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日上榜时……如果你在我们推荐时投资了 $1,000，<strong>你现在将拥有 $555,526</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日上榜时……如果你在我们推荐时投资了 $1,000，<strong>你现在将拥有 $1,156,403</strong>！*</p>
<p>现在值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 968%——相比之下，标准普尔 500 指数的回报率为 191%，表现出色。<strong>不要错过最新的前 10 名股票列表，加入由个人投资者为个人投资者建立的投资社区，获取 <em>Stock Advisor</em> 的支持。</strong></p>
<p>查看这 10 只股票 »</p>
<p><em>*Stock Advisor 的回报截至 2026 年 4 月 12 日。</em></p>
<p><em>Robert Izquierdo 在提到的任何股票中均没有持仓。Motley Fool 在提到的任何股票中均没有持仓。Motley Fool 有一个 披露政策。</em></p>
<p>此处表达的观点和意见仅代表作者的观点和意见，并不一定反映 Nasdaq, Inc. 的观点。</p>

FIGB

美国中期国债 ETF - Vanguard

<p>Fidelity 的 FIGB 和 Vanguard 的 VGIT 是两种具有不同特征的债券 ETF。FIGB 的费用比率较高（0.36%），但提供更广泛的多样化和略高的收益率（4.1%），相比之下，VGIT 的费用比率较低（0.03%）和收益率（3.8%）。VGIT 的流动性更强，资产达到 485 亿美元，最大回撤（-15.03%）低于 FIGB（-18.06%）。寻求安全的投资者可能更倾向于 VGIT，而那些希望获得更高收入的投资者可能会选择 FIGB，尽管其费用更高且风险更大</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键点</h2>
</div><ul>
<li>FIGB charges a much higher expense ratio but offers broader diversification and a slightly higher yield than VGIT.</li>
<li>VGIT has experienced a smaller drawdown and remains far more liquid with much greater assets under management.</li>
<li>Both funds hold primarily U.S. government bonds, but FIGB includes a wider mix of investment-grade sectors.</li>
<li>10 stocks we like better than Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF ›</li>
</ul>
<div class="lb-trans"><ul>
<li>FIGB 的费用比率较高，但提供更广泛的多样化和略高于 VGIT 的收益率。</li>
<li>VGIT 的回撤幅度较小，流动性远高于 FIGB，管理资产规模也更大。</li>
<li>两只基金主要持有美国政府债券，但 FIGB 包含更广泛的投资级别行业组合。</li>
<li>我们更喜欢的 10 只股票，胜过 Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF ›</li>
</ul>
</div><p>The <strong>Vanguard Intermediate-Term Treasury ETF</strong>(NASDAQ:VGIT) and <strong>Fidelity Investment Grade Bond ETF</strong>(NYSEMKT:FIGB) differ most in cost, diversification, and liquidity, with FIGB offering a broader bond mix and higher yield but at a notably higher expense ratio and lower trading volume.</p>
<div class="lb-trans"><p><strong>Vanguard 中期国债 ETF</strong>(NASDAQ:VGIT) 和 <strong>Fidelity 投资级债券 ETF</strong>(NYSEMKT:FIGB) 在成本、多样化和流动性方面差异最大，FIGB 提供更广泛的债券组合和更高的收益率，但费用比率明显更高，交易量也较低。</p>
</div><p>Both VGIT and FIGB are core U.S. bond funds suited to investors seeking income and relative stability, but their approaches and cost structures set them apart. This comparison unpacks which fund may appeal more, depending on an investor’s priorities around cost, risk, yield, and breadth of bond exposure.</p>
<div class="lb-trans"><p>VGIT 和 FIGB 都是适合寻求收入和相对稳定性的投资者的核心美国债券基金，但它们的投资策略和成本结构使其有所不同。此比较分析了哪只基金可能更符合投资者在成本、风险、收益和债券敞口广度方面的优先考虑。</p>
</div><h2>Snapshot (cost &amp; size)</h2>
<div class="lb-trans"><h2>快照（成本与规模）</h2>
</div><table>
<thead>
<tr>
<th>Metric</th>
<th>VGIT</th>
<th>FIGB</th>
</tr>
</thead>
<tbody>
<tr>
<td>Issuer</td>
<td>Vanguard</td>
<td>Fidelity</td>
</tr>
<tr>
<td>Expense ratio</td>
<td>0.03%</td>
<td>0.36%</td>
</tr>
<tr>
<td>1-yr return (as of 2026-04-09)</td>
<td>4.7%</td>
<td>5.9%</td>
</tr>
<tr>
<td>Dividend yield</td>
<td>3.8%</td>
<td>4.1%</td>
</tr>
<tr>
<td>Beta</td>
<td>0.80</td>
<td>1.02</td>
</tr>
<tr>
<td>AUM</td>
<td>$48.5 billion</td>
<td>$450.9 million</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>指标</th>
<th>VGIT</th>
<th>FIGB</th>
</tr>
</thead>
<tbody>
<tr>
<td>发行人</td>
<td>Vanguard</td>
<td>Fidelity</td>
</tr>
<tr>
<td>费用比率</td>
<td>0.03%</td>
<td>0.36%</td>
</tr>
<tr>
<td>1 年回报（截至 2026-04-09）</td>
<td>4.7%</td>
<td>5.9%</td>
</tr>
<tr>
<td>股息收益率</td>
<td>3.8%</td>
<td>4.1%</td>
</tr>
<tr>
<td>贝塔</td>
<td>0.80</td>
<td>1.02</td>
</tr>
<tr>
<td>管理资产规模</td>
<td>485 亿美元</td>
<td>4.509 亿美元</td>
</tr>
</tbody>
</table>
</div><p><em>Beta measures price volatility relative to the S&amp;P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months.</em></p>
<div class="lb-trans"><p><em>贝塔值衡量相对于 S&amp;P 500 的价格波动性；贝塔值是根据五年期的月度回报计算的。1 年回报代表过去 12 个月的总回报。</em></p>
</div><p>VGIT is significantly more affordable, charging just 0.03% in annual expenses compared to FIGB’s 0.36%. FIGB’s slightly higher yield may appeal to income-focused investors, but the fee gap could outweigh that advantage for cost-conscious investors.</p>
<div class="lb-trans"><p>VGIT 的费用显著更低，仅收取 0.03% 的年度费用，而 FIGB 则为 0.36%。FIGB 略高的收益率可能吸引以收入为重点的投资者，但费用差距可能会对注重成本的投资者产生更大的影响。</p>
</div><h2>Performance &amp; risk comparison</h2>
<div class="lb-trans"><h2>绩效与风险比较</h2>
</div><table>
<thead>
<tr>
<th>Metric</th>
<th>VGIT</th>
<th>FIGB</th>
</tr>
</thead>
<tbody>
<tr>
<td>Max drawdown (5 y)</td>
<td>-15.03%</td>
<td>-18.06%</td>
</tr>
<tr>
<td>Growth of $1,000 over 5 years</td>
<td>$1,018</td>
<td>$1,026</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>指标</th>
<th>VGIT</th>
<th>FIGB</th>
</tr>
</thead>
<tbody>
<tr>
<td>最大回撤（5 年）</td>
<td>-15.03%</td>
<td>-18.06%</td>
</tr>
<tr>
<td>5 年内 $1,000 的增长</td>
<td>$1,018</td>
<td>$1,026</td>
</tr>
</tbody>
</table>
</div><h2>What's inside</h2>
<div class="lb-trans"><h2>内部构成</h2>
</div><p>FIGB aims to provide diversified exposure across U.S. investment-grade bonds, holding about 180 securities as of its 5.1-year track record. Its top holdings include a substantial cash position, along with long-dated U.S. Treasury bonds reflecting a blend of maturities and sectors within the high-quality U.S. bond market.</p>
<div class="lb-trans"><p>FIGB 旨在提供对美国投资级债券的多样化敞口，截至其 5.1 年的跟踪记录，持有约 180 种证券。其主要持仓包括大量现金头寸，以及反映高质量美国债券市场中不同到期和行业的长期美国国债。</p>
</div><p>By contrast, VGIT is more narrowly focused, investing in just 76 holdings, primarily intermediate-term U.S. Treasury notes and bonds. Its top positions are concentrated in recent Treasury issues, and the fund maintains a 100% allocation to government debt, offering minimal credit risk and a straightforward portfolio profile.</p>
<div class="lb-trans"><p>相比之下，VGIT 的投资范围更窄，仅投资于 76 种持仓，主要是中期美国国债和债券。其主要持仓集中在近期的国债发行上，且该基金保持 100% 的政府债务配置，提供最低的信用风险和简单的投资组合特征。</p>
</div><p>For more guidance on ETF investing, check out the full guide at this link.</p>
<div class="lb-trans"><p>有关 ETF 投资的更多指导，请查看 此链接 的完整指南。</p>
</div><h2>What this means for investors</h2>
<div class="lb-trans"><h2>这对投资者意味着什么</h2>
</div><p>Bonds are a great complement to stocks in an investment portfolio, providing diversification, income, and stability. They often move in the opposite direction to stocks, softening the impact of equity market downturns, and offering higher, more consistent returns than cash to outpace inflation.</p>
<div class="lb-trans"><p>债券是投资组合中股票的良好补充，提供多样化、收入和稳定性。它们通常与股票呈反向运动，减轻股市下跌的影响，并提供比现金更高、更稳定的回报，以抵御通货膨胀。</p>
</div><p>Although the Vanguard Intermediate-Term Treasury ETF (VGIT) and Fidelity Investment Grade Bond ETF (FIGB) are both bond-focused exchange-traded funds, each serves a different investment goal.</p>
<div class="lb-trans"><p>尽管 Vanguard 中期国债 ETF (VGIT) 和 Fidelity 投资级债券 ETF (FIGB) 都是以债券为重点的交易所交易基金，但每个基金服务于不同的投资目标。</p>
</div><p>VGIT is for investors who prioritize maximum safety, as demonstrated by its lower five-year max drawdown, coupled with low volatility and cost. It’s a passively-managed fund that offers high liquidity thanks to its $48.5 billion in assets under management. The trade-off is its lower dividend yield and one-year return.</p>
<div class="lb-trans"><p>VGIT 适合优先考虑最大安全性的投资者，其较低的五年最大回撤、低波动性和低成本证明了这一点。它是一只被动管理的基金，因其 485 亿美元的管理资产而提供高流动性。其权衡是较低的股息收益率和一年的回报。</p>
</div><p>FIGB delivers a higher dividend yield and one-year return through an actively-managed fund. It offers more diversification through its broader range of bonds that include corporate bonds. But this also adds to its higher risk profile compared to VGIT, and its 0.36% expense ratio is substantially higher as well.</p>
<div class="lb-trans"><p>FIGB 通过主动管理的基金提供更高的股息收益率和一年的回报。它通过更广泛的债券组合（包括公司债券）提供更多的多样化。但这也增加了其相对于 VGIT 的风险特征，其 0.36% 的费用比率也显著更高。</p>
</div><p>Ultimately, VGIT is for conservative, cost-conscious investors who emphasize capital preservation first. FIGB is for those who desire greater income and potential upside in exchange for higher fees and risk.</p>
<div class="lb-trans"><p>最终，VGIT 适合保守、注重成本的投资者，强调资本保值。FIGB 适合那些希望在支付更高费用和承担更高风险的情况下获得更高收入和潜在收益的人。</p>
</div><h2>Should you buy stock in Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF right now?</h2>
<div class="lb-trans"><h2>你现在应该购买 Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF 的股票吗？</h2>
</div><p>Before you buy stock in Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF, consider this:</p>
<div class="lb-trans"><p>在你购买 Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF 的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p><em>Motley Fool Stock Advisor</em> 分析团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而 Fidelity Merrimack Street Trust - Fidelity Investment Grade Bond ETF 并不在其中。这 10 只股票可能在未来几年内产生巨额回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $555,526</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,156,403</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日上榜时……如果你在我们推荐时投资了 $1,000，<strong>你现在将拥有 $555,526</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日上榜时……如果你在我们推荐时投资了 $1,000，<strong>你现在将拥有 $1,156,403</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 968% — a market-crushing outperformance compared to 191% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 968%——相比之下，标准普尔 500 指数的回报率为 191%，表现出色。<strong>不要错过最新的前 10 名股票列表，加入由个人投资者为个人投资者建立的投资社区，获取 <em>Stock Advisor</em> 的支持。</strong></p>
</div><p>See the 10 stocks »</p>
<div class="lb-trans"><p>查看这 10 只股票 »</p>
</div><p><em>*Stock Advisor returns as of April 12, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 的回报截至 2026 年 4 月 12 日。</em></p>
</div><p><em>Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Robert Izquierdo 在提到的任何股票中均没有持仓。Motley Fool 在提到的任何股票中均没有持仓。Motley Fool 有一个 披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>此处表达的观点和意见仅代表作者的观点和意见，并不一定反映 Nasdaq, Inc. 的观点。</p>
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选择债券敞口的 ETF：Fidelity Investment Grade Bond ETF 与美国中期国债 ETF - Vanguard