FLDR vs. FCNVX
Compare and contrast key facts about Fidelity Low Duration Bond Factor ETF (FLDR) and Fidelity Conservative Income Bond Institutional Class (FCNVX).
FLDR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Low Duration Investment Grade Factor Index. It was launched on Jun 12, 2018. FCNVX is managed by Fidelity. It was launched on Mar 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLDR or FCNVX.
Correlation
The correlation between FLDR and FCNVX is 0.01, 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
FLDR vs. FCNVX - Performance Comparison
Key characteristics
FLDR:
4.96
FCNVX:
3.53
FLDR:
8.23
FCNVX:
17.00
FLDR:
2.29
FCNVX:
6.67
FLDR:
7.52
FCNVX:
26.02
FLDR:
40.02
FCNVX:
122.23
FLDR:
0.14%
FCNVX:
0.04%
FLDR:
1.15%
FCNVX:
1.46%
FLDR:
-12.23%
FCNVX:
-2.19%
FLDR:
-0.18%
FCNVX:
-0.10%
Returns By Period
In the year-to-date period, FLDR achieves a 1.51% return, which is significantly higher than FCNVX's 1.03% return.
FLDR
1.51%
0.14%
2.22%
5.79%
3.12%
N/A
FCNVX
1.03%
0.29%
2.26%
5.17%
2.90%
2.20%
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FLDR vs. FCNVX - Expense Ratio Comparison
FLDR has a 0.15% expense ratio, which is lower than FCNVX's 0.25% expense ratio. Despite the difference, 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
FLDR vs. FCNVX — Risk-Adjusted Performance Rank
FLDR
FCNVX
FLDR vs. FCNVX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) and Fidelity Conservative Income Bond Institutional Class (FCNVX). 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
FLDR vs. FCNVX - Dividend Comparison
FLDR's dividend yield for the trailing twelve months is around 5.26%, more than FCNVX's 4.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 5.26% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 4.93% | 5.12% | 4.97% | 1.65% | 0.29% | 1.01% | 2.46% | 2.20% | 1.30% | 0.93% | 0.54% | 0.39% |
Drawdowns
FLDR vs. FCNVX - Drawdown Comparison
The maximum FLDR drawdown since its inception was -12.23%, which is greater than FCNVX's maximum drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for FLDR and FCNVX. For additional features, visit the drawdowns tool.
Volatility
FLDR vs. FCNVX - Volatility Comparison
Fidelity Low Duration Bond Factor ETF (FLDR) has a higher volatility of 0.51% compared to Fidelity Conservative Income Bond Institutional Class (FCNVX) at 0.43%. This indicates that FLDR's price experiences larger fluctuations and is considered to be riskier than FCNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.