FLDR vs. MSFT
FLDR (Fidelity Low Duration Bond Factor ETF) is Corporate Bonds fund tracking the Fidelity Low Duration Investment Grade Factor Index, while MSFT (Microsoft Corporation) is a stock. Over the past 5 years, FLDR returned 3.70%/yr vs 9.56%/yr for MSFT. At a 0.02 correlation, their price movements are largely independent.
Performance
FLDR vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, FLDR achieves a 1.58% return, which is significantly higher than MSFT's -18.85% return.
FLDR
- 1D
- 0.06%
- 1M
- 0.47%
- YTD
- 1.58%
- 6M
- 1.88%
- 1Y
- 4.76%
- 3Y*
- 5.36%
- 5Y*
- 3.70%
- 10Y*
- —
MSFT
- 1D
- 0.10%
- 1M
- -7.19%
- YTD
- -18.85%
- 6M
- -17.98%
- 1Y
- -17.07%
- 3Y*
- 6.16%
- 5Y*
- 9.56%
- 10Y*
- 24.39%
FLDR vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 1.58% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.84% |
MSFT Microsoft Corporation | -18.85% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 1.54% |
Correlation
The correlation between FLDR and MSFT is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | 0.02 |
The correlation between FLDR and MSFT shifts across timeframes, from -0.03 (1 year) to 0.07 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLDR vs. MSFT — Risk / Return Rank
FLDR
MSFT
FLDR vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.60 | ||
| Sortino ratioReturn per unit of downside risk | +10.83 | ||
| Omega ratioGain probability vs. loss probability | 2.73 | 0.89 | +1.84 |
| Calmar ratioReturn relative to maximum drawdown | 10.19 | -0.53 | +10.72 |
| Martin ratioReturn relative to average drawdown | 69.63 | -1.08 | +70.71 |
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Drawdowns
FLDR vs. MSFT - Drawdown Comparison
The maximum FLDR drawdown since its inception was -12.23%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for FLDR and MSFT.
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Drawdown Indicators
| FLDR | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -69.38% | +57.15% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -33.91% | +33.44% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -33.91% | +33.15% |
Max Drawdown (5Y)Largest decline over 5 years | -2.33% | -37.15% | +34.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | 0.00% | -27.46% | +27.46% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -21.78% | +21.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 16.48% | -16.41% |
Volatility
FLDR vs. MSFT - Volatility Comparison
The current volatility for Fidelity Low Duration Bond Factor ETF (FLDR) is 0.20%, while Microsoft Corporation (MSFT) has a volatility of 10.52%. This indicates that FLDR experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLDR | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 10.52% | -10.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.59% | 22.31% | -21.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.81% | 25.42% | -24.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.21% | 26.66% | -25.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 27.06% | -21.81% |
Dividends
FLDR vs. MSFT - Dividend Comparison
FLDR's dividend yield for the trailing twelve months is around 4.42%, more than MSFT's 0.91% 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% |
MSFT Microsoft Corporation | 0.91% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
FLDR and MSFT have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.52%) compared to FLDR (0.20%). In terms of maximum drawdown, FLDR dropped -12.23% vs MSFT's -69.38%.
FLDR currently has the higher Sharpe Ratio (5.90 vs -0.70), 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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