FCSH vs. FLTB
Compare and contrast key facts about Federated Hermes Short Duration Corporate ETF (FCSH) and Fidelity Limited Term Bond ETF (FLTB).
FCSH and FLTB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCSH is an actively managed fund by Federated Hermes. It was launched on Dec 16, 2021. FLTB is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCSH or FLTB.
Key characteristics
| FCSH | FLTB | |
|---|---|---|
| YTD Return | 4.36% | 4.52% |
| 1Y Return | 7.50% | 7.74% |
| Sharpe Ratio | 2.87 | 3.14 |
| Sortino Ratio | 4.51 | 5.16 |
| Omega Ratio | 1.59 | 1.65 |
| Calmar Ratio | 1.98 | 1.68 |
| Martin Ratio | 17.39 | 20.23 |
| Ulcer Index | 0.44% | 0.39% |
| Daily Std Dev | 2.68% | 2.52% |
| Max Drawdown | -8.47% | -9.37% |
| Current Drawdown | -1.16% | -1.08% |
Correlation
The correlation between FCSH and FLTB is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FCSH vs. FLTB - Performance Comparison
The year-to-date returns for both investments are quite close, with FCSH having a 4.36% return and FLTB slightly higher at 4.52%. 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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FCSH vs. FLTB - Expense Ratio Comparison
FCSH has a 0.30% expense ratio, which is lower than FLTB's 0.36% expense ratio.
Risk-Adjusted Performance
FCSH vs. FLTB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Short Duration Corporate ETF (FCSH) 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.
Dividends
FCSH vs. FLTB - Dividend Comparison
FCSH's dividend yield for the trailing twelve months is around 3.89%, less than FLTB's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FCSH Federated Hermes Short Duration Corporate ETF | 3.89% | 2.31% | 1.76% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLTB Fidelity Limited Term Bond ETF | 3.96% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% | 0.35% |
Drawdowns
FCSH vs. FLTB - Drawdown Comparison
The maximum FCSH drawdown since its inception was -8.47%, smaller than the maximum FLTB drawdown of -9.37%. Use the drawdown chart below to compare losses from any high point for FCSH and FLTB. For additional features, visit the drawdowns tool.
Volatility
FCSH vs. FLTB - Volatility Comparison
Federated Hermes Short Duration Corporate ETF (FCSH) has a higher volatility of 0.47% compared to Fidelity Limited Term Bond ETF (FLTB) at 0.38%. This indicates that FCSH's price experiences larger fluctuations and is considered to be riskier than FLTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.