FJRLX vs. SHY
Compare and contrast key facts about Fidelity Limited Term Bond Fund (FJRLX) and iShares 1-3 Year Treasury Bond ETF (SHY).
FJRLX is managed by Fidelity. It was launched on Feb 2, 1984. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FJRLX or SHY.
Correlation
The correlation between FJRLX and SHY is 0.77, 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. SHY - Performance Comparison
Key characteristics
FJRLX:
2.52
SHY:
2.87
FJRLX:
4.04
SHY:
4.58
FJRLX:
1.54
SHY:
1.60
FJRLX:
3.26
SHY:
4.87
FJRLX:
11.29
SHY:
13.14
FJRLX:
0.52%
SHY:
0.36%
FJRLX:
2.31%
SHY:
1.64%
FJRLX:
-9.55%
SHY:
-5.71%
FJRLX:
-0.09%
SHY:
0.00%
Returns By Period
In the year-to-date period, FJRLX achieves a 0.75% return, which is significantly higher than SHY's 0.48% return. Over the past 10 years, FJRLX has outperformed SHY with an annualized return of 2.02%, while SHY has yielded a comparatively lower 1.29% annualized return.
FJRLX
0.75%
0.75%
1.94%
5.83%
1.56%
2.02%
SHY
0.48%
0.39%
1.50%
4.46%
1.26%
1.29%
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FJRLX vs. SHY - Expense Ratio Comparison
FJRLX has a 0.45% expense ratio, which is higher than SHY's 0.15% expense ratio.
Risk-Adjusted Performance
FJRLX vs. SHY — Risk-Adjusted Performance Rank
FJRLX
SHY
FJRLX vs. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond Fund (FJRLX) and iShares 1-3 Year Treasury Bond ETF (SHY). 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. SHY - Dividend Comparison
FJRLX's dividend yield for the trailing twelve months is around 3.42%, less than SHY's 3.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJRLX Fidelity Limited Term Bond Fund | 3.42% | 3.36% | 2.38% | 1.63% | 1.28% | 1.89% | 2.44% | 2.28% | 1.80% | 1.61% | 1.87% | 1.96% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.94% | 3.91% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% |
Drawdowns
FJRLX vs. SHY - Drawdown Comparison
The maximum FJRLX drawdown since its inception was -9.55%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for FJRLX and SHY. For additional features, visit the drawdowns tool.
Volatility
FJRLX vs. SHY - Volatility Comparison
Fidelity Limited Term Bond Fund (FJRLX) has a higher volatility of 0.57% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.36%. This indicates that FJRLX's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.