FLDR vs. MSFT

Last updated Jul 21, 2026

FLDR (Fidelity Low Duration Bond Factor ETF) is Short-Term Bond fund tracking the Fidelity Low Duration Investment Grade Factor Index, while MSFT (Microsoft Corporation) is a stock. Over the past 5 years, FLDR returned 3.71%/yr vs 8.30%/yr for MSFT. At a 0.02 correlation, their price movements are largely independent.

Performance

FLDR vs. MSFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low Duration Bond Factor ETF (FLDR) and Microsoft Corporation (MSFT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLDR achieves a 1.89% return, which is significantly higher than MSFT's -16.45% return.

FLDR

• 1D: -0.06%
• 1M: 0.25%
• 6M: 1.81%
• YTD: 1.89%
• 1Y: 4.48%
• 3Y*: 5.26%
• 5Y*: 3.71%
• 10Y*: —
• ALL TIME*: 3.21%

MSFT

• 1D: 2.15%
• 1M: 6.03%
• 6M: -12.13%
• YTD: -16.45%
• 1Y: -20.50%
• 3Y*: 6.20%
• 5Y*: 8.30%
• 10Y*: 23.18%
• ALL TIME*: 24.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLDR vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLDR Fidelity Low Duration Bond Factor ETF	1.89%	5.41%	5.71%	6.32%	-0.33%	-0.18%	2.01%	4.52%	0.84%
MSFT Microsoft Corporation	-16.45%	15.58%	12.93%	58.19%	-28.02%	52.48%	42.53%	57.56%	1.54%

Correlation

The correlation between FLDR and MSFT is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.06
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 -0.10 (1 year) to 0.06 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FLDR vs. MSFT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLDR

FLDR Risk / Return Rank: 98
FLDR Sharpe Ratio Rank: 99
FLDR Sortino Ratio Rank: 99
FLDR Omega Ratio Rank: 99
FLDR Calmar Ratio Rank: 98
FLDR Martin Ratio Rank: 98

MSFT

MSFT Risk / Return Rank: 17
MSFT Sharpe Ratio Rank: 12
MSFT Sortino Ratio Rank: 15
MSFT Omega Ratio Rank: 15
MSFT Calmar Ratio Rank: 23
MSFT Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	5.57	-0.75	+6.32
Sortino ratio: Return per unit of downside risk	9.28	-0.93	+10.20
Omega ratio: Gain probability vs. loss probability	2.58	0.88	+1.70
Calmar ratio: Return relative to maximum drawdown	9.63	-0.60	+10.22
Martin ratio: Return relative to average drawdown	65.29	-1.10	+66.39

FLDR vs. MSFT - Sharpe Ratio Comparison

The current FLDR Sharpe Ratio is 5.57, which is higher than the MSFT Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of FLDR and MSFT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	FLDR	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-12.23%	-69.38%	+57.15%
Max Drawdown (1Y) Largest decline over 1 year	-0.47%	-34.50%	+34.03%
Max Drawdown (3Y) Largest decline over 3 years	-0.76%	-34.50%	+33.74%
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 Drawdown Current decline from peak	-0.06%	-25.32%	+25.26%
Average Drawdown Average peak-to-trough decline	-0.35%	-21.80%	+21.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	18.74%	-18.67%

Volatility

FLDR vs. MSFT - Volatility Comparison

The current volatility for Fidelity Low Duration Bond Factor ETF (FLDR) is 0.23%, while Microsoft Corporation (MSFT) has a volatility of 10.25%. 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.

Volatility by Period

	FLDR	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.23%	10.25%	-10.02%
Volatility (6M) Calculated over the trailing 6-month period	0.62%	24.51%	-23.89%
Volatility (1Y) Calculated over the trailing 1-year period	0.81%	27.52%	-26.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.21%	27.07%	-25.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.22%	27.15%	-21.93%

Dividends

FLDR vs. MSFT - Dividend Comparison

FLDR's dividend yield for the trailing twelve months is around 4.33%, more than MSFT's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLDR Fidelity Low Duration Bond Factor ETF	4.33%	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	0.88%	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

Can I hold both FLDR and MSFT in my portfolio?

FLDR and MSFT have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLDR or MSFT?

MSFT has higher volatility (10.25%) compared to FLDR (0.23%). In terms of maximum drawdown, FLDR dropped -12.23% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

FLDR currently has the higher Sharpe Ratio (5.57 vs -0.75), 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.