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.
Correlation
The correlation between FLDR and ICSH is 0.32, 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.
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FLDR vs. ICSH - Performance Comparison
Key characteristics
FLDR:
4.80
ICSH:
12.22
FLDR:
8.02
ICSH:
28.48
FLDR:
2.25
ICSH:
6.66
FLDR:
10.37
ICSH:
65.55
FLDR:
63.53
ICSH:
385.95
FLDR:
0.09%
ICSH:
0.01%
FLDR:
1.14%
ICSH:
0.44%
FLDR:
-12.23%
ICSH:
-3.94%
FLDR:
-0.52%
ICSH:
-0.04%
Returns By Period
In the year-to-date period, FLDR achieves a 1.16% return, which is significantly lower than ICSH's 1.31% return.
FLDR
1.16%
-0.12%
2.02%
5.46%
3.25%
N/A
ICSH
1.31%
0.28%
2.35%
5.40%
3.00%
2.48%
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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%.
Risk-Adjusted Performance
FLDR vs. ICSH — Risk-Adjusted Performance Rank
FLDR
ICSH
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 5.28%, more than ICSH's 5.04% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 5.29% | 5.50% | 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 | 5.04% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 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 0.45% compared to iShares Ultra Short-Term Bond ETF (ICSH) at 0.17%. 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.
User Portfolios with FLDR or ICSH
1%
YTD
Recent discussions
Dividend Paying Stock Portfolio
4803heights
How is Sharpe ratio calculated?
The highest sharpe ratio portfolioi in User portfolios holds only ultrashort treasuries and show a sharpe ratio of 7+. But my understanding is the Sharpe ratio is the return less the risk-free rate divided by the standard deviation of returns. But short-term treasuries ARE the risk free rate, so the Sharpe ratio should be zero since the risk free rate minus the risk free rate is zero. So are you simply ignoring the risk-free rate and dividing returns by the standard deviation???
Addendum:
Just input my portfolio and asked that your site optimize it for Sharpe ratio. I have ready cash in USFR, and ETF that holds US floating rate notes exclusively. The optimization recommended I put over 99% in USFR. However, the interest rate on floating rate notes is based on the three month treasury, so again, USFR has a Sharpe ratio of zero! Please correct this!
Bob Peticolas
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Bee Zee