FLDR vs. XLE
FLDR (Fidelity Low Duration Bond Factor ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - FLDR is a Short-Term Bond fund tracking the Fidelity Low Duration Investment Grade Factor Index, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. Both are passively managed. Over the past 5 years, FLDR returned 3.72%/yr vs 22.22%/yr for XLE. At a correlation of -0.09, they often move in opposite directions. FLDR charges 0.15%/yr vs 0.08%/yr for XLE.
Performance
FLDR vs. XLE - Performance Comparison
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Returns By Period
In the year-to-date period, FLDR achieves a 1.83% return, which is significantly lower than XLE's 29.13% return.
FLDR
- 1D
- 0.04%
- 1M
- 0.25%
- 6M
- 1.74%
- YTD
- 1.83%
- 1Y
- 4.49%
- 3Y*
- 5.28%
- 5Y*
- 3.72%
- 10Y*
- —
XLE
- 1D
- 0.37%
- 1M
- -0.33%
- 6M
- 22.84%
- YTD
- 29.13%
- 1Y
- 33.24%
- 3Y*
- 15.47%
- 5Y*
- 22.22%
- 10Y*
- 9.46%
FLDR vs. XLE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 1.83% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.84% |
XLE State Street Energy Select Sector SPDR ETF | 29.13% | 7.88% | 5.56% | -0.63% | 64.32% | 53.28% | -32.67% | 11.74% | -23.22% |
Correlation
The correlation between FLDR and XLE is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | -0.09 |
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Return for Risk
FLDR vs. XLE — Risk / Return Rank
FLDR
XLE
FLDR vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) and State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.05 | ||
| Sortino ratioReturn per unit of downside risk | +7.22 | ||
| Omega ratioGain probability vs. loss probability | 2.61 | 1.26 | +1.35 |
| Calmar ratioReturn relative to maximum drawdown | 9.65 | 2.23 | +7.42 |
| Martin ratioReturn relative to average drawdown | 65.59 | 6.04 | +59.55 |
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Drawdowns
FLDR vs. XLE - Drawdown Comparison
The maximum FLDR drawdown since its inception was -12.23%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for FLDR and XLE.
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Drawdown Indicators
| FLDR | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -71.26% | +59.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -14.98% | +14.51% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -20.14% | +19.38% |
Max Drawdown (5Y)Largest decline over 5 years | -2.33% | -26.04% | +23.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | -0.03% | -8.31% | +8.28% |
Average DrawdownAverage peak-to-trough decline | -0.35% | -17.95% | +17.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 5.53% | -5.46% |
Volatility
FLDR vs. XLE - Volatility Comparison
The current volatility for Fidelity Low Duration Bond Factor ETF (FLDR) is 0.22%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 7.06%. This indicates that FLDR experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLDR | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 7.06% | -6.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 16.68% | -16.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.80% | 21.02% | -20.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.21% | 25.91% | -24.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 29.58% | -24.35% |
FLDR vs. XLE - Expense Ratio Comparison
FLDR has a 0.15% expense ratio, which is higher than XLE'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%.
Dividends
FLDR vs. XLE - Dividend Comparison
FLDR's dividend yield for the trailing twelve months is around 4.33%, more than XLE's 2.66% 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% |
XLE State Street Energy Select Sector SPDR ETF | 2.66% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
FLDR and XLE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (7.06%) compared to FLDR (0.22%). In terms of maximum drawdown, FLDR dropped -12.23% vs XLE's -71.26%.
On 5-year performance, XLE leads with 22.22% vs 3.72% for FLDR. On fees, XLE is cheaper at 0.08% per year. On volatility, FLDR has been the lower-risk option at 0.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XLE has performed better with a 22.22% return vs 3.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLE is cheaper with a 0.08% expense ratio, compared with 0.15% for FLDR.
FLDR has the higher dividend yield at 4.33%, compared with 2.66% for XLE.
FLDR is categorized as Short-Term Bond, while XLE is Energy Equities. FLDR tracks Fidelity Low Duration Investment Grade Factor Index, while XLE tracks Energy Select Sector Index. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.15% for FLDR and 0.08% for XLE.
FLDR currently has the higher Sharpe Ratio (5.64 vs 1.59), 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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