Fidelity Tactical Bond ETF (FTBD)
The ETF focuses on investing in debt securities of various types and repurchase agreements, aiming to allocate assets across investment-grade, high yield, and emerging markets debt securities. Additionally, it invests in both U.S. dollar and non-U.S. dollar securities while hedging foreign currency exposures utilizing forward contracts.
ETF Info
| Issuer | Fidelity |
|---|---|
| Inception Date | Jan 24, 2023 |
| Category | Nontraditional Bonds |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | institutional.fidelity.com |
| Asset Class | Bond |
Expense Ratio
FTBD features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: FTBD vs. FIGB, FTBD vs. VFSTX, FTBD vs. SRLN
Performance
Performance Chart
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.
Returns By Period
Fidelity Tactical Bond ETF had a return of 5.88% year-to-date (YTD) and 11.82% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.88% | 18.13% |
| 1 month | 2.04% | 1.45% |
| 6 months | 6.67% | 8.81% |
| 1 year | 11.82% | 26.52% |
| 5 years (annualized) | N/A | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of FTBD, 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 | -0.19% | -0.69% | 0.95% | -2.56% | 1.86% | 0.57% | 2.56% | 1.35% | 5.88% | ||||
| 2023 | 0.10% | -2.12% | 2.23% | 0.57% | -1.26% | 0.38% | 0.21% | -0.81% | -2.80% | -1.55% | 4.93% | 4.10% | 3.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FTBD is 67, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Tactical Bond ETF granted a 4.85% dividend yield in the last twelve months. The annual payout for that period amounted to $2.47 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $2.47 | $2.32 |
Dividend yield | 4.85% | 4.69% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.12 | $0.20 | $0.19 | $0.21 | $0.21 | $0.21 | $0.20 | $0.16 | $0.00 | $1.50 | |||
| 2023 | $0.22 | $0.19 | $0.19 | $0.19 | $0.20 | $0.19 | $0.20 | $0.18 | $0.20 | $0.20 | $0.38 | $2.32 |
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.
Worst Drawdowns
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 0.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.98% | Feb 3, 2023 | 179 | Oct 19, 2023 | 33 | Dec 6, 2023 | 212 |
| -3.8% | Dec 28, 2023 | 75 | Apr 16, 2024 | 44 | Jun 18, 2024 | 119 |
| -1.52% | Jun 26, 2024 | 4 | Jul 1, 2024 | 3 | Jul 5, 2024 | 7 |
| -1.09% | Aug 5, 2024 | 4 | Aug 8, 2024 | 4 | Aug 14, 2024 | 8 |
| -1.07% | Jul 18, 2024 | 5 | Jul 24, 2024 | 5 | Jul 31, 2024 | 10 |
Volatility
Volatility Chart
The current Fidelity Tactical Bond ETF volatility is 1.13%, 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.