FCNVX vs. FLDR
Compare and contrast key facts about Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Low Duration Bond Factor ETF (FLDR).
FCNVX is managed by Fidelity. It was launched on Mar 3, 2011. FLDR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Low Duration Investment Grade Factor Index. It was launched on Jun 12, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCNVX or FLDR.
Key characteristics
| FCNVX | FLDR | |
|---|---|---|
| YTD Return | 4.96% | 5.08% |
| 1Y Return | 5.74% | 6.71% |
| 3Y Return (Ann) | 3.80% | 3.66% |
| 5Y Return (Ann) | 2.58% | 2.60% |
| Sharpe Ratio | 3.53 | 6.66 |
| Sortino Ratio | 13.30 | 13.47 |
| Omega Ratio | 4.16 | 2.77 |
| Calmar Ratio | 56.18 | 25.03 |
| Martin Ratio | 124.15 | 103.20 |
| Ulcer Index | 0.05% | 0.07% |
| Daily Std Dev | 1.59% | 1.01% |
| Max Drawdown | -2.19% | -12.23% |
| Current Drawdown | -0.10% | -0.06% |
Correlation
The correlation between FCNVX and FLDR is 0.17, 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.
Performance
FCNVX vs. FLDR - Performance Comparison
The year-to-date returns for both investments are quite close, with FCNVX having a 4.96% return and FLDR slightly higher at 5.08%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCNVX vs. FLDR - Expense Ratio Comparison
FCNVX has a 0.25% expense ratio, which is higher than FLDR'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%.
Risk-Adjusted Performance
FCNVX vs. FLDR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Low Duration Bond Factor ETF (FLDR). 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.
Dividends
FCNVX vs. FLDR - Dividend Comparison
FCNVX's dividend yield for the trailing twelve months is around 5.27%, less than FLDR's 5.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 5.27% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% | 0.62% |
FLDR Fidelity Low Duration Bond Factor ETF | 5.59% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FCNVX vs. FLDR - Drawdown Comparison
The maximum FCNVX drawdown since its inception was -2.19%, smaller than the maximum FLDR drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for FCNVX and FLDR. For additional features, visit the drawdowns tool.
Volatility
FCNVX vs. FLDR - Volatility Comparison
Fidelity Conservative Income Bond Institutional Class (FCNVX) has a higher volatility of 0.44% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.29%. This indicates that FCNVX's price experiences larger fluctuations and is considered to be riskier than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.