Fidelity Low Duration Bond ETF (FLDB)
The ETF primarily focuses on investing in investment-grade debt securities and repurchase agreements, while aiming to maintain a short duration of 1 year or less.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Feb 22, 2024 |
| Category | Short-Term Bond |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Bond |
Expense Ratio
FLDB has a high expense ratio of 0.20%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Low Duration Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 9.49% |
| 1 month | 0.47% | 1.20% |
| 6 months | N/A | 18.29% |
| 1 year | N/A | 26.44% |
| 5 years (annualized) | N/A | 12.64% |
| 10 years (annualized) | N/A | 10.67% |
Monthly Returns
The table below presents the monthly returns of FLDB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.12% | 0.40% | 0.32% | 1.06% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Low Duration Bond ETF (FLDB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Fidelity Low Duration Bond ETF granted a 0.60% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM |
|---|---|
| Dividend | $0.30 |
Dividend yield | 0.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Low Duration Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.19 | $0.11 | $0.00 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Low Duration Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Low Duration Bond ETF was 0.38%, occurring on Mar 27, 2024. Recovery took 17 trading sessions.
The current Fidelity Low Duration Bond ETF drawdown is 0.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.38% | Mar 27, 2024 | 1 | Mar 27, 2024 | 17 | Apr 22, 2024 | 18 |
| -0.17% | Apr 25, 2024 | 2 | Apr 26, 2024 | 6 | May 6, 2024 | 8 |
| -0.03% | May 9, 2024 | 1 | May 9, 2024 | — | — | — |
| -0.01% | Mar 18, 2024 | 1 | Mar 18, 2024 | 1 | Mar 19, 2024 | 2 |
| -0.01% | Mar 5, 2024 | 1 | Mar 5, 2024 | 2 | Mar 7, 2024 | 3 |
Volatility
Volatility Chart
The current Fidelity Low Duration Bond ETF volatility is 0.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.