Fidelity Sustainable Low Duration Bond ETF (FSLD)
The ETF invests at least 80% in investment-grade debt securities with positive ESG characteristics and maintains a short average maturity. It diversifies assets across market sectors and maturities.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Apr 19, 2022 |
| Category | Ultrashort Bond |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Bond |
Expense Ratio
FSLD 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 Sustainable 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
Fidelity Sustainable Low Duration Bond ETF had a return of 1.91% year-to-date (YTD) and 5.43% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.91% | 11.29% |
| 1 month | 0.52% | 4.87% |
| 6 months | 2.86% | 17.88% |
| 1 year | 5.43% | 29.16% |
| 5 years (annualized) | N/A | 13.20% |
| 10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of FSLD, 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 | 0.49% | 0.19% | 0.56% | 0.20% | 1.91% | ||||||||
| 2023 | 0.42% | 0.26% | 0.46% | 0.35% | 0.38% | 0.33% | 0.38% | 0.50% | 0.44% | 0.41% | 0.57% | 0.61% | 5.23% |
| 2022 | -0.04% | 0.09% | -0.23% | 0.19% | 0.16% | 0.11% | 0.03% | 0.40% | 0.57% | 1.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FSLD is 99, placing it in the top 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FSLD (Fidelity Sustainable Low Duration Bond ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Sustainable Low Duration Bond ETF (FSLD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Sustainable Low Duration Bond ETF granted a 5.18% dividend yield in the last twelve months. The annual payout for that period amounted to $2.60 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $2.60 | $2.40 | $0.77 |
Dividend yield | 5.18% | 4.80% | 1.54% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Sustainable 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 | $0.22 | $0.21 | $0.21 | $0.22 | $0.00 | $0.85 | |||||||
| 2023 | $0.13 | $0.16 | $0.18 | $0.19 | $0.19 | $0.21 | $0.16 | $0.22 | $0.20 | $0.21 | $0.19 | $0.37 | $2.40 |
| 2022 | $0.08 | $0.04 | $0.07 | $0.09 | $0.09 | $0.11 | $0.13 | $0.17 | $0.77 |
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 Sustainable 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 Sustainable Low Duration Bond ETF was 0.45%, occurring on Jun 22, 2022. Recovery took 45 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.45% | May 26, 2022 | 18 | Jun 22, 2022 | 45 | Aug 25, 2022 | 63 |
| -0.22% | Mar 16, 2023 | 4 | Mar 21, 2023 | 3 | Mar 24, 2023 | 7 |
| -0.19% | Dec 27, 2022 | 1 | Dec 27, 2022 | 3 | Dec 30, 2022 | 4 |
| -0.18% | Apr 25, 2024 | 4 | Apr 30, 2024 | 2 | May 2, 2024 | 6 |
| -0.17% | May 19, 2023 | 1 | May 19, 2023 | 7 | May 31, 2023 | 8 |
Volatility
Volatility Chart
The current Fidelity Sustainable Low Duration Bond ETF volatility is 0.31%, 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.