FLDR vs. ICSH
Compare and contrast key facts about Fidelity Low Duration Bond Factor ETF (FLDR) and iShares Ultra Short-Term Bond ETF (ICSH).
FLDR and ICSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLDR or ICSH.
Performance
FLDR vs. ICSH - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FLDR having a 5.13% return and ICSH slightly lower at 4.90%.
FLDR
5.13%
0.20%
2.91%
6.48%
2.61%
N/A
ICSH
4.90%
0.31%
2.85%
5.84%
2.68%
2.40%
Key characteristics
| FLDR | ICSH | |
|---|---|---|
| Sharpe Ratio | 6.62 | 13.62 |
| Sortino Ratio | 13.27 | 37.43 |
| Omega Ratio | 2.74 | 8.41 |
| Calmar Ratio | 24.59 | 84.57 |
| Martin Ratio | 100.66 | 512.26 |
| Ulcer Index | 0.07% | 0.01% |
| Daily Std Dev | 1.00% | 0.43% |
| Max Drawdown | -12.23% | -3.94% |
| Current Drawdown | -0.01% | 0.00% |
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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%.
Correlation
The correlation between FLDR and ICSH is 0.31, 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.
Risk-Adjusted Performance
FLDR vs. ICSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) and iShares Ultra Short-Term Bond 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.
Dividends
FLDR vs. ICSH - Dividend Comparison
FLDR's dividend yield for the trailing twelve months is around 5.58%, more than ICSH's 5.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 5.58% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% |
ICSH iShares Ultra Short-Term Bond ETF | 5.27% | 4.78% | 1.66% | 0.42% | 1.22% | 2.60% | 2.19% | 1.36% | 0.88% | 0.54% | 0.46% |
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. For additional features, visit the drawdowns tool.
Volatility
FLDR vs. ICSH - Volatility Comparison
Fidelity Low Duration Bond Factor ETF (FLDR) has a higher volatility of 0.29% compared to iShares Ultra Short-Term Bond ETF (ICSH) at 0.14%. 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.