FCNVX vs. FLTB
Compare and contrast key facts about Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Limited Term Bond ETF (FLTB).
FCNVX is managed by Fidelity. It was launched on Mar 3, 2011. FLTB is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
FCNVX vs. FLTB - Performance Comparison
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FCNVX vs. FLTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 0.52% | 4.51% | 5.43% | 5.86% | 0.85% | -0.06% | 1.10% | 3.00% | 1.82% | 1.42% |
FLTB Fidelity Limited Term Bond ETF | 0.14% | 6.60% | 5.14% | 5.94% | -5.88% | -1.20% | 5.57% | 5.87% | 1.06% | 2.10% |
Returns By Period
In the year-to-date period, FCNVX achieves a 0.52% return, which is significantly higher than FLTB's 0.14% return. Both investments have delivered pretty close results over the past 10 years, with FCNVX having a 2.51% annualized return and FLTB not far behind at 2.47%.
FCNVX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.52%
- 6M
- 1.54%
- 1Y
- 3.88%
- 3Y*
- 5.02%
- 5Y*
- 3.41%
- 10Y*
- 2.51%
FLTB
- 1D
- -0.14%
- 1M
- -0.69%
- YTD
- 0.14%
- 6M
- 1.12%
- 1Y
- 4.48%
- 3Y*
- 5.31%
- 5Y*
- 2.22%
- 10Y*
- 2.47%
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FCNVX vs. FLTB - Expense Ratio Comparison
Both FCNVX and FLTB have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
FCNVX vs. FLTB — Risk / Return Rank
FCNVX
FLTB
FCNVX vs. FLTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Conservative Income Bond Institutional Class (FCNVX) and Fidelity Limited Term Bond ETF (FLTB). 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.
| FCNVX | FLTB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.18 | 1.99 | +1.19 |
Sortino ratioReturn per unit of downside risk | 14.52 | 2.98 | +11.53 |
Omega ratioGain probability vs. loss probability | 6.34 | 1.37 | +4.97 |
Calmar ratioReturn relative to maximum drawdown | 21.58 | 3.06 | +18.51 |
Martin ratioReturn relative to average drawdown | 84.59 | 12.68 | +71.91 |
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
| FCNVX | FLTB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 1.99 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.69 | 0.80 | +1.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.44 | 0.84 | +1.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.17 | 0.82 | +1.35 |
Correlation
The correlation between FCNVX and FLTB is 0.20, 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
FCNVX vs. FLTB - Dividend Comparison
FCNVX's dividend yield for the trailing twelve months is around 3.91%, less than FLTB's 4.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNVX Fidelity Conservative Income Bond Institutional Class | 3.91% | 4.41% | 5.17% | 4.97% | 1.24% | 0.24% | 0.99% | 2.45% | 2.21% | 1.30% | 1.01% | 0.48% |
FLTB Fidelity Limited Term Bond ETF | 4.37% | 4.31% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% |
Drawdowns
FCNVX vs. FLTB - Drawdown Comparison
The maximum FCNVX drawdown since its inception was -2.19%, smaller than the maximum FLTB drawdown of -9.37%. Use the drawdown chart below to compare losses from any high point for FCNVX and FLTB.
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Drawdown Indicators
| FCNVX | FLTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.19% | -9.37% | +7.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -1.52% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -0.59% | -9.26% | +8.67% |
Max Drawdown (10Y)Largest decline over 10 years | -2.19% | -9.37% | +7.18% |
Current DrawdownCurrent decline from peak | -0.10% | -0.95% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -1.41% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.37% | -0.32% |
Volatility
FCNVX vs. FLTB - Volatility Comparison
The current volatility for Fidelity Conservative Income Bond Institutional Class (FCNVX) is 0.10%, while Fidelity Limited Term Bond ETF (FLTB) has a volatility of 0.97%. This indicates that FCNVX experiences smaller price fluctuations and is considered to be less risky than FLTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNVX | FLTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 0.97% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 1.50% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 2.27% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.27% | 2.78% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.03% | 2.93% | -1.90% |