FLDB vs. FBNDX
Compare and contrast key facts about Fidelity Low Duration Bond ETF (FLDB) and Fidelity Investment Grade Bond Fund (FBNDX).
FLDB is an actively managed fund by Fidelity. It was launched on Feb 22, 2024. FBNDX is managed by Fidelity. It was launched on Aug 6, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLDB or FBNDX.
Correlation
The correlation between FLDB and FBNDX is 0.25, 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. FBNDX - Performance Comparison
Key characteristics
FLDB:
1.57%
FBNDX:
5.37%
FLDB:
-0.38%
FBNDX:
-20.16%
FLDB:
0.00%
FBNDX:
-9.19%
Returns By Period
In the year-to-date period, FLDB achieves a 0.67% return, which is significantly higher than FBNDX's 0.56% return.
FLDB
0.67%
0.45%
2.39%
N/A
N/A
N/A
FBNDX
0.56%
0.42%
-1.26%
4.27%
-0.54%
1.54%
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FLDB vs. FBNDX - Expense Ratio Comparison
FLDB has a 0.20% expense ratio, which is lower than FBNDX's 0.45% expense ratio.
Risk-Adjusted Performance
FLDB vs. FBNDX — Risk-Adjusted Performance Rank
FLDB
FBNDX
FLDB vs. FBNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond ETF (FLDB) and Fidelity Investment Grade Bond Fund (FBNDX). 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. FBNDX - Dividend Comparison
FLDB's dividend yield for the trailing twelve months is around 4.32%, more than FBNDX's 3.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLDB Fidelity Low Duration Bond ETF | 4.32% | 3.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBNDX Fidelity Investment Grade Bond Fund | 3.63% | 3.99% | 3.56% | 2.67% | 1.53% | 1.88% | 2.77% | 2.84% | 2.17% | 2.50% | 2.90% | 2.59% |
Drawdowns
FLDB vs. FBNDX - Drawdown Comparison
The maximum FLDB drawdown since its inception was -0.38%, smaller than the maximum FBNDX drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for FLDB and FBNDX. For additional features, visit the drawdowns tool.
Volatility
FLDB vs. FBNDX - Volatility Comparison
The current volatility for Fidelity Low Duration Bond ETF (FLDB) is 0.38%, while Fidelity Investment Grade Bond Fund (FBNDX) has a volatility of 1.39%. This indicates that FLDB experiences smaller price fluctuations and is considered to be less risky than FBNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.