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.
Performance
FJRLX vs. SHY - Performance Comparison
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FJRLX vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FJRLX Fidelity Limited Term Bond Fund | -0.23% | 6.70% | 4.92% | 6.26% | -6.22% | -1.46% | 5.16% | 6.04% | 0.71% | 1.89% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.26% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Returns By Period
In the year-to-date period, FJRLX achieves a -0.23% return, which is significantly lower than SHY's 0.26% return. Over the past 10 years, FJRLX has outperformed SHY with an annualized return of 2.38%, while SHY has yielded a comparatively lower 1.65% annualized return.
FJRLX
- 1D
- 0.17%
- 1M
- -0.94%
- YTD
- -0.23%
- 6M
- 0.86%
- 1Y
- 4.29%
- 3Y*
- 5.24%
- 5Y*
- 2.11%
- 10Y*
- 2.38%
SHY
- 1D
- -0.00%
- 1M
- -0.29%
- YTD
- 0.26%
- 6M
- 1.22%
- 1Y
- 3.57%
- 3Y*
- 3.88%
- 5Y*
- 1.70%
- 10Y*
- 1.65%
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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.
Return for Risk
FJRLX vs. SHY — Risk / Return Rank
FJRLX
SHY
FJRLX vs. SHY - Risk-Adjusted Trends 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.
| FJRLX | SHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 2.48 | -0.48 |
Sortino ratioReturn per unit of downside risk | 3.23 | 4.07 | -0.85 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.52 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.96 | 4.06 | -1.11 |
Martin ratioReturn relative to average drawdown | 11.73 | 15.56 | -3.83 |
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
| FJRLX | SHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.48 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.87 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | 1.06 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 1.29 | -0.27 |
Correlation
The correlation between FJRLX and SHY is 0.78, 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.
Dividends
FJRLX vs. SHY - Dividend Comparison
FJRLX's dividend yield for the trailing twelve months is around 3.69%, which matches SHY's 3.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJRLX Fidelity Limited Term Bond Fund | 3.69% | 3.93% | 3.36% | 2.38% | 1.26% | 1.25% | 2.38% | 2.44% | 2.29% | 1.79% | 1.88% | 1.60% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.72% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Drawdowns
FJRLX vs. SHY - Drawdown Comparison
The maximum FJRLX drawdown since its inception was -9.89%, 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.
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Drawdown Indicators
| FJRLX | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.89% | -5.71% | -4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -0.89% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -9.71% | -5.71% | -4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -9.89% | -5.71% | -4.18% |
Current DrawdownCurrent decline from peak | -1.20% | -0.47% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -1.35% | -0.52% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.23% | +0.18% |
Volatility
FJRLX vs. SHY - Volatility Comparison
Fidelity Limited Term Bond Fund (FJRLX) has a higher volatility of 0.81% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.58%. 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.
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Volatility by Period
| FJRLX | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.58% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.43% | 0.89% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 1.45% | +0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 1.97% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.39% | 1.56% | +0.83% |