- ISIN
- US3161884081
- CUSIP
- 316188408
- Issuer
- Fidelity
- Inception Date
- Jun 12, 2018
- Region
- North America (U.S.)
- Category
- Short-Term Bond, Corporate Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Fidelity Low Duration Investment Grade Factor Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $2B
Share Price Chart
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Performance
FLDR Performance Chart
Fidelity Low Duration Bond Factor ETF (FLDR) is up 1.7% since the beginning of the year. FLDR is currently trading at $50 per share. Investors who bought $1,000 worth of FLDR shares 5 years ago would now be looking at an investment worth $1,201.
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Returns By Period
Fidelity Low Duration Bond Factor ETF (FLDR) has returned 1.66% so far this year and 4.81% over the past 12 months.
Fidelity Low Duration Bond Factor ETF
- 1D
- 0.08%
- 1M
- 0.55%
- YTD
- 1.66%
- 6M
- 1.92%
- 1Y
- 4.81%
- 3Y*
- 5.33%
- 5Y*
- 3.73%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
FLDR Monthly Returns History
Based on dividend-adjusted daily data since Jun 14, 2018, FLDR's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 78% of months were positive and 22% were negative. The best month was Apr 2020 with a return of +2.7%, while the worst month was Mar 2020 at -3.9%. The longest winning streak lasted 23 consecutive months, and the longest losing streak was 9 months.
On a daily basis, FLDR closed higher 56% of trading days. The best single day was Mar 13, 2020 with a return of +7.1%, while the worst single day was Mar 12, 2020 at -8.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.28% | 0.51% | -0.15% | 0.33% | 0.41% | 0.26% | 1.66% | ||||||
| 2025 | 0.45% | 0.78% | 0.31% | 0.06% | 0.45% | 0.58% | 0.40% | 0.58% | 0.48% | 0.49% | 0.37% | 0.34% | 5.41% |
| 2024 | 0.58% | 0.39% | 0.55% | 0.04% | 0.75% | 0.54% | 0.77% | 0.64% | 0.58% | -0.01% | 0.57% | 0.17% | 5.71% |
| 2023 | 1.08% | 0.15% | 0.26% | 0.70% | 0.42% | 0.56% | 0.39% | 0.35% | 0.09% | 0.12% | 0.98% | 1.05% | 6.32% |
| 2022 | -0.13% | -0.15% | -0.65% | -0.44% | 0.04% | -0.50% | 0.49% | 0.05% | -0.33% | -0.12% | 0.95% | 0.46% | -0.33% |
| 2021 | -0.07% | -0.24% | -0.21% | 0.08% | 0.18% | 0.07% | 0.31% | -0.02% | -0.10% | -0.15% | -0.01% | -0.02% | -0.18% |
Benchmark Metrics
Fidelity Low Duration Bond Factor ETF has an annualized alpha of 2.42%, beta of 0.07, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since June 14, 2018.
- This ETF captured 8.28% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.28%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.07 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.42%
- Beta
- 0.07
- R²
- 0.06
- Upside Capture
- 8.28%
- Downside Capture
- -0.28%
Expense Ratio
FLDR has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
FLDR ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLDR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.99 | ||
| Sortino ratioReturn per unit of downside risk | +7.42 | ||
| Omega ratioGain probability vs. loss probability | 2.76 | 1.36 | +1.40 |
| Calmar ratioReturn relative to maximum drawdown | 10.33 | 2.71 | +7.62 |
| Martin ratioReturn relative to average drawdown | 70.55 | 12.15 | +58.39 |
Dividends
Dividend History
Fidelity Low Duration Bond Factor ETF provided a 4.42% dividend yield over the last twelve months, with an annual payout of $2.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.22 | $2.34 | $2.75 | $2.63 | $1.04 | $0.26 | $0.63 | $1.36 | $0.69 |
Dividend yield | 4.42% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Low Duration Bond Factor 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.17 | $0.17 | $0.17 | $0.18 | $0.16 | $0.00 | $0.85 | ||||||
| 2025 | $0.19 | $0.20 | $0.18 | $0.20 | $0.20 | $0.20 | $0.20 | $0.21 | $0.20 | $0.19 | $0.19 | $0.20 | $2.34 |
| 2024 | $0.23 | $0.23 | $0.22 | $0.25 | $0.22 | $0.25 | $0.23 | $0.24 | $0.23 | $0.22 | $0.21 | $0.22 | $2.75 |
| 2023 | $0.18 | $0.21 | $0.19 | $0.22 | $0.22 | $0.23 | $0.21 | $0.24 | $0.23 | $0.23 | $0.24 | $0.24 | $2.63 |
| 2022 | $0.01 | $0.03 | $0.02 | $0.04 | $0.05 | $0.07 | $0.08 | $0.11 | $0.11 | $0.14 | $0.17 | $0.22 | $1.04 |
| 2021 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Low Duration Bond Factor 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 Factor ETF was 12.23%, occurring on Mar 20, 2020. Recovery took 58 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -12.23%Mar 2020 | 14d | 2mo 24d | 3mo 8dMar 2020 - Jun 2020 |
Bear market2022 | -2.33%Oct 2022 | 1y 2mo | 2mo 24d | 1y 5moAug 2021 - Jan 2023 |
Rate-hike selloffLate 2018 | -1.06%Dec 2018 | 1mo 20d | 1mo 27d | 3mo 17dOct 2018 - Feb 2019 |
2025 selloff2025 | -0.76%Apr 2025 | 7d | 1mo 5d | 1mo 12dApr 2025 - May 2025 |
2023 pullback2023 | -0.68%Mar 2023 | 7d | 15d | 22dMar 2023 - Apr 2023 |
Drawdown Indicators
| FLDR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -56.78% | +44.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -9.10% | +8.63% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -18.90% | +18.14% |
Max Drawdown (5Y)Largest decline over 5 years | -2.33% | -25.43% | +23.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.29% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -10.72% | +10.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 2.02% | -1.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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