FDLO vs. FBND
Compare and contrast key facts about Fidelity Low Volatility Factor ETF (FDLO) and Fidelity Total Bond ETF (FBND).
FDLO and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDLO is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Low Volatility Factor Index. It was launched on Sep 12, 2016. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
FDLO vs. FBND - Performance Comparison
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FDLO vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | -2.35% | 11.77% | 16.06% | 16.38% | -10.38% | 24.00% | 12.19% | 31.10% | -0.26% | 20.44% |
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Returns By Period
In the year-to-date period, FDLO achieves a -2.35% return, which is significantly lower than FBND's 0.12% return.
FDLO
- 1D
- 0.48%
- 1M
- -4.39%
- YTD
- -2.35%
- 6M
- -0.81%
- 1Y
- 8.58%
- 3Y*
- 12.59%
- 5Y*
- 9.51%
- 10Y*
- —
FBND
- 1D
- -0.02%
- 1M
- -1.32%
- YTD
- 0.12%
- 6M
- 0.77%
- 1Y
- 4.53%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.78%
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FDLO vs. FBND - Expense Ratio Comparison
FDLO has a 0.29% expense ratio, which is lower than FBND's 0.36% expense ratio.
Return for Risk
FDLO vs. FBND — Risk / Return Rank
FDLO
FBND
FDLO vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) and Fidelity Total Bond ETF (FBND). 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.
| FDLO | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 1.03 | -0.39 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.44 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.69 | -0.87 |
Martin ratioReturn relative to average drawdown | 3.92 | 5.25 | -1.33 |
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
| FDLO | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 1.03 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.17 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.44 | +0.34 |
Correlation
The correlation between FDLO and FBND 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.
Dividends
FDLO vs. FBND - Dividend Comparison
FDLO's dividend yield for the trailing twelve months is around 1.46%, less than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDLO Fidelity Low Volatility Factor ETF | 1.46% | 1.37% | 1.40% | 1.35% | 1.49% | 1.11% | 1.38% | 1.55% | 1.76% | 1.61% | 0.55% | 0.00% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
FDLO vs. FBND - Drawdown Comparison
The maximum FDLO drawdown since its inception was -34.35%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FDLO and FBND.
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Drawdown Indicators
| FDLO | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.35% | -17.25% | -17.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -2.79% | -7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -19.23% | -17.25% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -5.06% | -1.80% | -3.26% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -3.38% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 0.90% | +1.31% |
Volatility
FDLO vs. FBND - Volatility Comparison
Fidelity Low Volatility Factor ETF (FDLO) has a higher volatility of 3.48% compared to Fidelity Total Bond ETF (FBND) at 1.66%. This indicates that FDLO's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDLO | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 1.66% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 2.62% | +4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.61% | 4.44% | +9.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.12% | 5.90% | +7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 6.08% | +9.52% |