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 -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FJRLX vs. SHY - Performance Comparison
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Key characteristics
FJRLX:
2.56
SHY:
3.34
FJRLX:
4.24
SHY:
5.70
FJRLX:
1.57
SHY:
1.74
FJRLX:
4.96
SHY:
5.75
FJRLX:
12.47
SHY:
16.25
FJRLX:
0.52%
SHY:
0.34%
FJRLX:
2.47%
SHY:
1.66%
FJRLX:
-9.55%
SHY:
-5.73%
FJRLX:
-0.52%
SHY:
-0.45%
Returns By Period
In the year-to-date period, FJRLX achieves a 2.12% return, which is significantly higher than SHY's 1.93% return. Over the past 10 years, FJRLX has outperformed SHY with an annualized return of 2.08%, while SHY has yielded a comparatively lower 1.40% annualized return.
FJRLX
2.12%
0.93%
2.50%
6.47%
1.81%
2.08%
SHY
1.93%
0.20%
2.50%
5.59%
1.07%
1.40%
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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.
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Dividends
FJRLX vs. SHY - Dividend Comparison
FJRLX's dividend yield for the trailing twelve months is around 3.59%, less than SHY's 3.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FJRLX Fidelity Limited Term Bond Fund | 3.59% | 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 | 3.95% | 3.92% | 2.99% | 1.30% | 0.24% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 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 -5.73%. Use the drawdown chart below to compare losses from any high point for FJRLX and SHY. For additional features, visit the drawdowns tool.
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Volatility
FJRLX vs. SHY - Volatility Comparison
Fidelity Limited Term Bond Fund (FJRLX) has a higher volatility of 0.87% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.57%. 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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