FLDR vs. ICSH
FLDR (Fidelity Low Duration Bond Factor ETF) and ICSH (iShares Ultra Short Duration Bond Active ETF) are both exchange-traded funds - FLDR is a Short-Term Bond fund tracking the Fidelity Low Duration Investment Grade Factor Index, while ICSH is a Ultrashort Bond fund actively managed by iShares. FLDR is passively managed, while ICSH is actively managed. Over the past 5 years, FLDR returned 3.71%/yr vs 3.69%/yr for ICSH. At a 0.31 correlation, their price movements are largely independent. FLDR charges 0.15%/yr vs 0.08%/yr for ICSH.
Performance
FLDR vs. ICSH - Performance Comparison
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Returns By Period
In the year-to-date period, FLDR achieves a 1.62% return, which is significantly higher than ICSH's 1.51% return.
FLDR
- 1D
- -0.02%
- 1M
- 0.39%
- YTD
- 1.62%
- 6M
- 1.79%
- 1Y
- 4.64%
- 3Y*
- 5.30%
- 5Y*
- 3.71%
- 10Y*
- —
ICSH
- 1D
- -0.04%
- 1M
- 0.20%
- YTD
- 1.51%
- 6M
- 1.67%
- 1Y
- 4.20%
- 3Y*
- 5.09%
- 5Y*
- 3.69%
- 10Y*
- 2.77%
FLDR vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 1.62% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.84% |
ICSH iShares Ultra Short Duration Bond Active ETF | 1.51% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 1.42% |
Correlation
The correlation between FLDR and ICSH is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | 0.31 |
The correlation between FLDR and ICSH shifts across timeframes, from 0.28 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLDR vs. ICSH — Risk / Return Rank
FLDR
ICSH
FLDR vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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.
| FLDR | ICSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.45 | ||
| Sortino ratioReturn per unit of downside risk | -12.89 | ||
| Omega ratioGain probability vs. loss probability | 2.65 | 5.64 | -2.99 |
| Calmar ratioReturn relative to maximum drawdown | 9.97 | 42.62 | -32.65 |
| Martin ratioReturn relative to average drawdown | 67.93 | 244.74 | -176.81 |
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Drawdowns
FLDR vs. ICSH - Drawdown Comparison
The maximum FLDR drawdown since its inception was -12.23%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for FLDR and ICSH.
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Drawdown Indicators
| FLDR | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -3.94% | -8.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -0.10% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -0.10% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -2.33% | -0.73% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.94% | — |
Current DrawdownCurrent decline from peak | -0.04% | -0.09% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -0.08% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.02% | +0.05% |
Volatility
FLDR vs. ICSH - Volatility Comparison
Fidelity Low Duration Bond Factor ETF (FLDR) has a higher volatility of 0.18% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.15%. This indicates that FLDR's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLDR | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.15% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.60% | 0.32% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.81% | 0.41% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.21% | 0.49% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 1.06% | +4.19% |
FLDR vs. ICSH - Expense Ratio Comparison
FLDR has a 0.15% expense ratio, which is higher than ICSH's 0.08% 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%.
Dividends
FLDR vs. ICSH - Dividend Comparison
FLDR's dividend yield for the trailing twelve months is around 4.42%, more than ICSH's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 4.42% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.34% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Frequently Asked Questions
FLDR and ICSH have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLDR has higher volatility (0.18%) compared to ICSH (0.15%). In terms of maximum drawdown, FLDR dropped -12.23% vs ICSH's -3.94%.
On 5-year performance, FLDR leads with 3.71% vs 3.69% for ICSH. On fees, ICSH is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLDR has performed better with a 3.71% return vs 3.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICSH is cheaper with a 0.08% expense ratio, compared with 0.15% for FLDR.
FLDR has the higher dividend yield at 4.42%, compared with 4.34% for ICSH.
FLDR is categorized as Short-Term Bond, while ICSH is Ultrashort Bond. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.15% for FLDR and 0.08% for ICSH.
ICSH currently has the higher Sharpe Ratio (10.20 vs 5.75), 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.
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