Fidelity Tactical Bond ETF (FTBD)

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The chart shows the growth of an initial investment of $10,000 in Fidelity Tactical 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.

Fidelity Tactical Bond ETF (FTBD) has returned 0.29% so far this year and 5.74% over the past 12 months.

Based on dividend-adjusted daily data since Jan 26, 2023, FTBD's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, your investment would double in approximately 15.6 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +4.9%, while the worst month was Sep 2023 at -2.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FTBD closed higher 54% of trading days. The best single day was Nov 14, 2023 with a return of +1.4%, while the worst single day was Apr 10, 2024 at -1.2%.

Fidelity Tactical Bond ETF has an annualized alpha of 2.92%, beta of 0.10, and R² of 0.07 versus S&P 500 Index. Calculated based on daily prices since January 27, 2023.

• This ETF participated in 41.28% of S&P 500 Index downside but only 28.50% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.10 may look defensive, but with R² of 0.07 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 0.07 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.

FTBD has an expense ratio of 0.55%, placing it in the medium range.

FTBD ranks 66 for risk / return — better than 66% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity Tactical Bond ETF provided a 5.08% dividend yield over the last twelve months, with an annual payout of $2.50 per share.

The table displays the monthly dividend distributions for Fidelity Tactical Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Tactical 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 Tactical Bond ETF was 6.98%, occurring on Oct 19, 2023. Recovery took 33 trading sessions.

The current Fidelity Tactical Bond ETF drawdown is 1.83%.

The chart below shows the rolling one-month volatility.