Correlation
The correlation between FCSH and FLTB is 0.19, 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.
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.
Performance
FCSH vs. FLTB - Performance Comparison
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Key characteristics
FCSH:
2.60
FLTB:
3.03
FCSH:
4.01
FLTB:
4.79
FCSH:
1.53
FLTB:
1.60
FCSH:
4.94
FLTB:
5.30
FCSH:
11.58
FLTB:
16.61
FCSH:
0.56%
FLTB:
0.44%
FCSH:
2.50%
FLTB:
2.38%
FCSH:
-8.47%
FLTB:
-9.37%
FCSH:
-0.27%
FLTB:
0.00%
Returns By Period
In the year-to-date period, FCSH achieves a 2.33% return, which is significantly lower than FLTB's 2.75% return.
FCSH
2.33%
-0.24%
2.04%
6.45%
3.68%
N/A
N/A
FLTB
2.75%
0.05%
2.55%
7.12%
4.06%
1.79%
2.28%
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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 Rank
FCSH
FLTB
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.
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Dividends
FCSH vs. FLTB - Dividend Comparison
FCSH's dividend yield for the trailing twelve months is around 4.59%, more than FLTB's 4.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSH Federated Hermes Short Duration Corporate ETF | 4.59% | 4.44% | 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 | 4.25% | 4.11% | 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.
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Volatility
FCSH vs. FLTB - Volatility Comparison
Federated Hermes Short Duration Corporate ETF (FCSH) and Fidelity Limited Term Bond ETF (FLTB) have volatilities of 0.73% and 0.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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