FLDB vs. TSEC

Last updated Aug 2, 2026

FLDB (Fidelity Low Duration Bond ETF) and TSEC (Touchstone Securitized Income ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, FLDB returned 3.89% vs 4.86% for TSEC. Their 0.07 correlation means their historical movements had little consistent relationship. FLDB charges 0.20%/yr vs 0.40%/yr for TSEC.

Performance

FLDB vs. TSEC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low Duration Bond ETF (FLDB) and Touchstone Securitized Income ETF (TSEC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLDB achieves a 2.03% return, which is significantly higher than TSEC's 1.38% return.

FLDB

• 1D: 0.02%
• 1M: 0.29%
• 6M: 1.69%
• YTD: 2.03%
• 1Y: 3.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.57%

TSEC

• 1D: -0.04%
• 1M: -0.18%
• 6M: 0.86%
• YTD: 1.38%
• 1Y: 4.86%
• 3Y*: 7.06%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLDB Fidelity Low Duration Bond ETF	$680.88K	$463.84K	$381.43K
TSEC Touchstone Securitized Income ETF	$475.01K	$791.85K	$793.35K

FLDB vs. TSEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLDB Fidelity Low Duration Bond ETF	2.03%	4.93%	4.11%
TSEC Touchstone Securitized Income ETF	1.38%	7.47%	6.21%

Correlation

The correlation between FLDB and TSEC is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.25
Correlation (All Time) Calculated using the full available price history since Feb 26, 2024	0.07

The correlation between FLDB and TSEC shifts across timeframes, from 0.07 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FLDB vs. TSEC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLDB

FLDB Risk / Return Rank: 98
FLDB Sharpe Ratio Rank: 98
FLDB Sortino Ratio Rank: 98
FLDB Omega Ratio Rank: 98
FLDB Calmar Ratio Rank: 99
FLDB Martin Ratio Rank: 99

TSEC

TSEC Risk / Return Rank: 85
TSEC Sharpe Ratio Rank: 85
TSEC Sortino Ratio Rank: 85
TSEC Omega Ratio Rank: 93
TSEC Calmar Ratio Rank: 84
TSEC Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLDB vs. TSEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond ETF (FLDB) and Touchstone Securitized Income ETF (TSEC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLDB	TSEC	Difference
Sharpe ratio: Return per unit of total volatility	4.46	2.02	+2.44
Sortino ratio: Return per unit of downside risk	7.86	2.82	+5.05
Omega ratio: Gain probability vs. loss probability	2.04	1.47	+0.57
Calmar ratio: Return relative to maximum drawdown	24.24	3.20	+21.04
Martin ratio: Return relative to average drawdown	88.79	10.21	+78.58

FLDB vs. TSEC - Sharpe Ratio Comparison

The current FLDB Sharpe Ratio is 4.46, which is higher than the TSEC Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of FLDB and TSEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLDB vs. TSEC - Drawdown Comparison

The maximum FLDB drawdown since its inception was -0.49%, smaller than the maximum TSEC drawdown of -1.78%. Use the drawdown chart below to compare losses from any high point for FLDB and TSEC.

Drawdown Indicators

	FLDB	TSEC	Difference
Max Drawdown Largest peak-to-trough decline	-0.49%	-1.78%	+1.29%
Max Drawdown (1Y) Largest decline over 1 year	-0.17%	-1.67%	+1.50%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.78%	—
Current Drawdown Current decline from peak	0.00%	-0.66%	+0.66%
Average Drawdown Average peak-to-trough decline	-0.05%	-0.33%	+0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	0.52%	-0.47%

Volatility

FLDB vs. TSEC - Volatility Comparison

The current volatility for Fidelity Low Duration Bond ETF (FLDB) is 0.23%, while Touchstone Securitized Income ETF (TSEC) has a volatility of 0.55%. This indicates that FLDB experiences smaller price fluctuations and is considered to be less risky than TSEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLDB	TSEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.23%	0.55%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	0.63%	1.79%	-1.16%
Volatility (1Y) Calculated over the trailing 1-year period	0.91%	2.67%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.29%	2.88%	-1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.29%	2.88%	-1.59%

FLDB vs. TSEC - Expense Ratio Comparison

FLDB has a 0.20% expense ratio, which is lower than TSEC's 0.40% expense ratio.

Dividends

FLDB vs. TSEC - Dividend Comparison

FLDB's dividend yield for the trailing twelve months is around 4.37%, less than TSEC's 7.66% yield.

Position	TTM	2025	2024	2023
FLDB Fidelity Low Duration Bond ETF	4.37%	4.72%	3.58%	0.00%
TSEC Touchstone Securitized Income ETF	7.66%	6.47%	5.83%	2.86%

Frequently Asked Questions

Can I hold both FLDB and TSEC in my portfolio?

FLDB and TSEC have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLDB or TSEC?

TSEC has higher volatility (0.55%) compared to FLDB (0.23%). In terms of maximum drawdown, FLDB dropped -0.49% vs TSEC's -1.78%.

Which ETF is better, FLDB or TSEC?

On 1-year performance, TSEC leads with 4.86% vs 3.89% for FLDB. On fees, FLDB is cheaper at 0.20% per year. On volatility, FLDB has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLDB or TSEC?

Over the 1-year period, TSEC has performed better with a 4.86% return vs 3.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLDB or TSEC?

FLDB is cheaper with a 0.20% expense ratio, compared with 0.40% for TSEC.

Which ETF pays a higher dividend yield, FLDB or TSEC?

TSEC has the higher dividend yield at 7.66%, compared with 4.37% for FLDB.

What is the main difference between FLDB and TSEC?

They also come from different issuers: Fidelity and Touchstone. Their fees differ too: 0.20% for FLDB and 0.40% for TSEC.

Which has better risk-adjusted returns?

FLDB currently has the higher Sharpe Ratio (4.46 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.