FLDB vs. FELC
Compare and contrast key facts about Fidelity Low Duration Bond ETF (FLDB) and Fidelity Enhanced Large Cap Core ETF (FELC).
FLDB and FELC 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. FELC is an actively managed fund by Fidelity. It was launched on Apr 19, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLDB or FELC.
Correlation
The correlation between FLDB and FELC is 0.09, 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. FELC - Performance Comparison
Key characteristics
FLDB:
1.58%
FELC:
12.60%
FLDB:
-0.38%
FELC:
-8.70%
FLDB:
0.00%
FELC:
-0.32%
Returns By Period
In the year-to-date period, FLDB achieves a 0.65% return, which is significantly lower than FELC's 3.52% return.
FLDB
0.65%
0.43%
2.47%
N/A
N/A
N/A
FELC
3.52%
1.52%
9.21%
22.78%
N/A
N/A
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FLDB vs. FELC - Expense Ratio Comparison
FLDB has a 0.20% expense ratio, which is higher than FELC's 0.18% 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. FELC — Risk-Adjusted Performance Rank
FLDB
FELC
FLDB vs. FELC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond ETF (FLDB) and Fidelity Enhanced Large Cap Core ETF (FELC). 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.
Not enough dataDividends
FLDB vs. FELC - Dividend Comparison
FLDB's dividend yield for the trailing twelve months is around 4.32%, more than FELC's 0.99% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
FLDB Fidelity Low Duration Bond ETF | 4.32% | 3.96% | 0.00% |
FELC Fidelity Enhanced Large Cap Core ETF | 0.99% | 1.03% | 0.04% |
Drawdowns
FLDB vs. FELC - Drawdown Comparison
The maximum FLDB drawdown since its inception was -0.38%, smaller than the maximum FELC drawdown of -8.70%. Use the drawdown chart below to compare losses from any high point for FLDB and FELC. For additional features, visit the drawdowns tool.
Volatility
FLDB vs. FELC - Volatility Comparison
The current volatility for Fidelity Low Duration Bond ETF (FLDB) is 0.38%, while Fidelity Enhanced Large Cap Core ETF (FELC) has a volatility of 2.99%. This indicates that FLDB experiences smaller price fluctuations and is considered to be less risky than FELC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.