FLDB vs. ERNA.L
Compare and contrast key facts about Fidelity Low Duration Bond ETF (FLDB) and iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L).
FLDB and ERNA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLDB is an actively managed fund by Fidelity. It was launched on Feb 22, 2024. ERNA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp 1-3 Yr TR USD. It was launched on Jun 29, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLDB or ERNA.L.
Correlation
The correlation between FLDB and ERNA.L is 0.07, 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.
Performance
FLDB vs. ERNA.L - Performance Comparison
Key characteristics
FLDB:
1.57%
ERNA.L:
0.87%
FLDB:
-0.38%
ERNA.L:
-8.63%
FLDB:
0.00%
ERNA.L:
-0.09%
Returns By Period
The year-to-date returns for both stocks are quite close, with FLDB having a 0.75% return and ERNA.L slightly lower at 0.74%.
FLDB
0.75%
0.48%
2.40%
5.53%
N/A
N/A
ERNA.L
0.74%
0.37%
2.47%
5.58%
2.85%
N/A
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FLDB vs. ERNA.L - Expense Ratio Comparison
FLDB has a 0.20% expense ratio, which is higher than ERNA.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLDB vs. ERNA.L — Risk-Adjusted Performance Rank
FLDB
ERNA.L
FLDB vs. ERNA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond ETF (FLDB) and iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L). 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
FLDB vs. ERNA.L - Dividend Comparison
FLDB's dividend yield for the trailing twelve months is around 4.32%, while ERNA.L has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
FLDB Fidelity Low Duration Bond ETF | 4.32% | 3.96% |
ERNA.L iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.00% | 0.00% |
Drawdowns
FLDB vs. ERNA.L - Drawdown Comparison
The maximum FLDB drawdown since its inception was -0.38%, smaller than the maximum ERNA.L drawdown of -8.63%. Use the drawdown chart below to compare losses from any high point for FLDB and ERNA.L. For additional features, visit the drawdowns tool.
Volatility
FLDB vs. ERNA.L - Volatility Comparison
Fidelity Low Duration Bond ETF (FLDB) has a higher volatility of 0.39% compared to iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) at 0.36%. This indicates that FLDB's price experiences larger fluctuations and is considered to be riskier than ERNA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.