FAPGX vs. TFLO
Compare and contrast key facts about Fidelity Sustainable Low Duration Bond (FAPGX) and iShares Treasury Floating Rate Bond ETF (TFLO).
FAPGX is managed by Fidelity. It was launched on Apr 29, 2022. TFLO is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Treasury Floating Rate Index. It was launched on Feb 3, 2014.
Performance
FAPGX vs. TFLO - Performance Comparison
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FAPGX vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FAPGX Fidelity Sustainable Low Duration Bond | 0.49% | 4.57% | 5.32% | 5.28% | 0.57% |
TFLO iShares Treasury Floating Rate Bond ETF | 0.92% | 4.22% | 5.34% | 5.12% | 1.72% |
Returns By Period
In the year-to-date period, FAPGX achieves a 0.49% return, which is significantly lower than TFLO's 0.92% return.
FAPGX
- 1D
- 0.10%
- 1M
- -0.20%
- YTD
- 0.49%
- 6M
- 1.53%
- 1Y
- 3.92%
- 3Y*
- 4.83%
- 5Y*
- —
- 10Y*
- —
TFLO
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 0.92%
- 6M
- 1.98%
- 1Y
- 4.08%
- 3Y*
- 4.84%
- 5Y*
- 3.49%
- 10Y*
- 2.27%
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FAPGX vs. TFLO - Expense Ratio Comparison
FAPGX has a 0.25% expense ratio, which is higher than TFLO's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FAPGX vs. TFLO — Risk / Return Rank
FAPGX
TFLO
FAPGX vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Low Duration Bond (FAPGX) and iShares Treasury Floating Rate Bond ETF (TFLO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FAPGX | TFLO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.77 | 13.83 | -10.06 |
Sortino ratioReturn per unit of downside risk | 8.86 | 45.28 | -36.41 |
Omega ratioGain probability vs. loss probability | 2.85 | 11.01 | -8.15 |
Calmar ratioReturn relative to maximum drawdown | 14.12 | 207.06 | -192.94 |
Martin ratioReturn relative to average drawdown | 57.66 | 735.43 | -677.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAPGX | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.77 | 13.83 | -10.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 9.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 4.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.87 | 0.96 | +2.90 |
Correlation
The correlation between FAPGX and TFLO is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FAPGX vs. TFLO - Dividend Comparison
FAPGX's dividend yield for the trailing twelve months is around 4.26%, more than TFLO's 4.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAPGX Fidelity Sustainable Low Duration Bond | 4.26% | 4.40% | 4.81% | 3.44% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 4.05% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Drawdowns
FAPGX vs. TFLO - Drawdown Comparison
The maximum FAPGX drawdown since its inception was -0.49%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for FAPGX and TFLO.
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Drawdown Indicators
| FAPGX | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.49% | -5.01% | +4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -0.29% | -0.02% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.50% | — |
Current DrawdownCurrent decline from peak | -0.20% | 0.00% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.07% | -0.10% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.01% | +0.06% |
Volatility
FAPGX vs. TFLO - Volatility Comparison
Fidelity Sustainable Low Duration Bond (FAPGX) has a higher volatility of 0.28% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that FAPGX's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAPGX | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 0.07% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.82% | 0.21% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.11% | 0.30% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.06% | 0.36% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 0.50% | +0.56% |