FJRLX vs. IGSB
Compare and contrast key facts about Fidelity Limited Term Bond Fund (FJRLX) and iShares Short-Term Corporate Bond ETF (IGSB).
FJRLX is managed by Fidelity. It was launched on Feb 2, 1984. IGSB is a passively managed fund by iShares that tracks the performance of the ICE BofAML 1-5 Year US Corporate Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FJRLX or IGSB.
Correlation
The correlation between FJRLX and IGSB is 0.72, 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
FJRLX vs. IGSB - Performance Comparison
Key characteristics
FJRLX:
1.84
IGSB:
1.95
FJRLX:
2.82
IGSB:
2.86
FJRLX:
1.38
IGSB:
1.37
FJRLX:
2.41
IGSB:
3.89
FJRLX:
7.75
IGSB:
9.12
FJRLX:
0.57%
IGSB:
0.50%
FJRLX:
2.41%
IGSB:
2.35%
FJRLX:
-9.55%
IGSB:
-13.38%
FJRLX:
-1.19%
IGSB:
-0.84%
Returns By Period
In the year-to-date period, FJRLX achieves a -0.35% return, which is significantly lower than IGSB's -0.27% return. Over the past 10 years, FJRLX has underperformed IGSB with an annualized return of 1.85%, while IGSB has yielded a comparatively higher 2.16% annualized return.
FJRLX
-0.35%
-0.67%
1.61%
3.95%
1.42%
1.85%
IGSB
-0.27%
-0.36%
1.98%
4.35%
1.91%
2.16%
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FJRLX vs. IGSB - Expense Ratio Comparison
FJRLX has a 0.45% expense ratio, which is higher than IGSB's 0.06% expense ratio.
Risk-Adjusted Performance
FJRLX vs. IGSB — Risk-Adjusted Performance Rank
FJRLX
IGSB
FJRLX vs. IGSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond Fund (FJRLX) and iShares Short-Term Corporate Bond ETF (IGSB). 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
FJRLX vs. IGSB - Dividend Comparison
FJRLX's dividend yield for the trailing twelve months is around 3.06%, less than IGSB's 4.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJRLX Fidelity Limited Term Bond Fund | 3.06% | 3.05% | 2.38% | 1.63% | 1.28% | 1.89% | 2.44% | 2.28% | 1.80% | 1.61% | 1.87% | 1.96% |
IGSB iShares Short-Term Corporate Bond ETF | 4.03% | 4.02% | 3.26% | 2.07% | 1.82% | 2.37% | 3.07% | 2.46% | 1.65% | 1.45% | 1.18% | 0.94% |
Drawdowns
FJRLX vs. IGSB - Drawdown Comparison
The maximum FJRLX drawdown since its inception was -9.55%, smaller than the maximum IGSB drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for FJRLX and IGSB. For additional features, visit the drawdowns tool.
Volatility
FJRLX vs. IGSB - Volatility Comparison
The current volatility for Fidelity Limited Term Bond Fund (FJRLX) is 0.59%, while iShares Short-Term Corporate Bond ETF (IGSB) has a volatility of 0.63%. This indicates that FJRLX experiences smaller price fluctuations and is considered to be less risky than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.