FLDR vs. SJLD

Last updated Jun 25, 2026

FLDR (Fidelity Low Duration Bond Factor ETF) and SJLD (SanJac Alpha Low Duration ETF) are both Short-Term Bond funds. FLDR is passively managed, while SJLD is actively managed. Over the past year, FLDR returned 4.58% vs 4.69% for SJLD. At a 0.27 correlation, their price movements are largely independent. FLDR charges 0.15%/yr vs 0.35%/yr for SJLD.

Performance

FLDR vs. SJLD - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FLDR having a 1.72% return and SJLD slightly higher at 1.73%.

FLDR

• 1D: 0.02%
• 1M: 0.49%
• YTD: 1.72%
• 6M: 1.84%
• 1Y: 4.58%
• 3Y*: 5.34%
• 5Y*: 3.74%
• 10Y*: —

SJLD

• 1D: 0.02%
• 1M: 0.20%
• YTD: 1.73%
• 6M: 1.79%
• 1Y: 4.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLDR vs. SJLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLDR Fidelity Low Duration Bond Factor ETF	1.72%	5.41%	1.00%
SJLD SanJac Alpha Low Duration ETF	1.73%	5.20%	0.91%

Correlation

The correlation between FLDR and SJLD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.27

Return for Risk

FLDR vs. SJLD — 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: 98
FLDR Sortino Ratio Rank: 99
FLDR Omega Ratio Rank: 99
FLDR Calmar Ratio Rank: 97
FLDR Martin Ratio Rank: 98

SJLD

SJLD Risk / Return Rank: 90
SJLD Sharpe Ratio Rank: 86
SJLD Sortino Ratio Rank: 92
SJLD Omega Ratio Rank: 94
SJLD Calmar Ratio Rank: 88
SJLD Martin Ratio Rank: 93

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. SJLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) and SanJac Alpha Low Duration ETF (SJLD). 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	SJLD	Difference
Sharpe ratio: Return per unit of total volatility	5.69	2.41	+3.28
Sortino ratio: Return per unit of downside risk	9.57	3.95	+5.61
Omega ratio: Gain probability vs. loss probability	2.63	1.59	+1.04
Calmar ratio: Return relative to maximum drawdown	9.83	4.50	+5.33
Martin ratio: Return relative to average drawdown	67.02	20.57	+46.44

FLDR vs. SJLD - Sharpe Ratio Comparison

The current FLDR Sharpe Ratio is 5.69, which is higher than the SJLD Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of FLDR and SJLD, 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. SJLD - Drawdown Comparison

The maximum FLDR drawdown since its inception was -12.23%, which is greater than SJLD's maximum drawdown of -1.04%. Use the drawdown chart below to compare losses from any high point for FLDR and SJLD.

Drawdown Indicators

	FLDR	SJLD	Difference
Max Drawdown Largest peak-to-trough decline	-12.23%	-1.04%	-11.19%
Max Drawdown (1Y) Largest decline over 1 year	-0.47%	-1.04%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-0.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-2.33%	—	—
Current Drawdown Current decline from peak	0.00%	-0.14%	+0.14%
Average Drawdown Average peak-to-trough decline	-0.35%	-0.12%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	0.23%	-0.16%

Volatility

FLDR vs. SJLD - Volatility Comparison

The current volatility for Fidelity Low Duration Bond Factor ETF (FLDR) is 0.19%, while SanJac Alpha Low Duration ETF (SJLD) has a volatility of 0.29%. This indicates that FLDR experiences smaller price fluctuations and is considered to be less risky than SJLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLDR	SJLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.19%	0.29%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	0.60%	1.16%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	0.81%	1.96%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.21%	1.93%	-0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.25%	1.93%	+3.32%

FLDR vs. SJLD - Expense Ratio Comparison

FLDR has a 0.15% expense ratio, which is lower than SJLD's 0.35% expense ratio.

Dividends

FLDR vs. SJLD - Dividend Comparison

FLDR's dividend yield for the trailing twelve months is around 4.41%, which matches SJLD's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLDR Fidelity Low Duration Bond Factor ETF	4.41%	4.66%	5.50%	5.28%	2.09%	0.51%	1.22%	2.69%	1.38%
SJLD SanJac Alpha Low Duration ETF	4.43%	3.74%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLDR and SJLD in my portfolio?

FLDR and SJLD have a correlation of 0.27, 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 SJLD?

SJLD has higher volatility (0.29%) compared to FLDR (0.19%). In terms of maximum drawdown, FLDR dropped -12.23% vs SJLD's -1.04%.

Which ETF is better, FLDR or SJLD?

On 1-year performance, SJLD leads with 4.69% vs 4.58% for FLDR. On fees, FLDR is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLDR or SJLD?

Over the 1-year period, SJLD has performed better with a 4.69% return vs 4.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLDR or SJLD?

FLDR is cheaper with a 0.15% expense ratio, compared with 0.35% for SJLD.

Which ETF pays a higher dividend yield, FLDR or SJLD?

SJLD has the higher dividend yield at 4.43%, compared with 4.41% for FLDR.

What is the main difference between FLDR and SJLD?

They also come from different issuers: Fidelity and SanJac Alpha. Their fees differ too: 0.15% for FLDR and 0.35% for SJLD.

Which has better risk-adjusted returns?

FLDR currently has the higher Sharpe Ratio (5.69 vs 2.41), 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.