FLTB vs. BBLB
FLTB (Fidelity Limited Term Bond ETF) and BBLB (JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF) are both exchange-traded funds - FLTB is a Short-Term Bond fund actively managed by Fidelity, while BBLB is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. FLTB is actively managed, while BBLB is passively managed. Over the past 3 years, FLTB returned 5.64%/yr vs -1.35%/yr for BBLB. A 0.69 correlation means they provide meaningful diversification when combined. FLTB charges 0.25%/yr vs 0.04%/yr for BBLB.
Performance
FLTB vs. BBLB - Performance Comparison
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Returns By Period
In the year-to-date period, FLTB achieves a 1.10% return, which is significantly lower than BBLB's 1.98% return.
FLTB
- 1D
- 0.04%
- 1M
- 0.48%
- YTD
- 1.10%
- 6M
- 1.27%
- 1Y
- 4.10%
- 3Y*
- 5.64%
- 5Y*
- 2.35%
- 10Y*
- 2.44%
BBLB
- 1D
- -0.09%
- 1M
- 3.03%
- YTD
- 1.98%
- 6M
- 1.08%
- 1Y
- 4.53%
- 3Y*
- -1.35%
- 5Y*
- —
- 10Y*
- —
FLTB vs. BBLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 1.10% | 6.60% | 5.14% | 4.05% |
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 1.98% | 4.26% | -7.84% | -2.80% |
Correlation
The correlation between FLTB and BBLB is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | 0.69 |
The correlation between FLTB and BBLB has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.
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Return for Risk
FLTB vs. BBLB — Risk / Return Rank
FLTB
BBLB
FLTB vs. BBLB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB). 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.
| FLTB | BBLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.08 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 0.60 | +2.10 |
| Martin ratioReturn relative to average drawdown | 11.27 | 1.44 | +9.83 |
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Drawdowns
FLTB vs. BBLB - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, smaller than the maximum BBLB drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for FLTB and BBLB.
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Drawdown Indicators
| FLTB | BBLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -21.06% | +11.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -7.53% | +6.01% |
Max Drawdown (3Y)Largest decline over 3 years | -1.52% | -18.95% | +17.43% |
Max Drawdown (5Y)Largest decline over 5 years | -9.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -9.37% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -6.80% | +6.80% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -8.91% | +7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 3.15% | -2.79% |
Volatility
FLTB vs. BBLB - Volatility Comparison
The current volatility for Fidelity Limited Term Bond ETF (FLTB) is 0.59%, while JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF (BBLB) has a volatility of 2.44%. This indicates that FLTB experiences smaller price fluctuations and is considered to be less risky than BBLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTB | BBLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 2.44% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 6.78% | -5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.09% | 9.55% | -7.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.81% | 13.75% | -10.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.94% | 13.75% | -10.81% |
FLTB vs. BBLB - Expense Ratio Comparison
FLTB has a 0.25% expense ratio, which is higher than BBLB's 0.04% 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
FLTB vs. BBLB - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 4.35%, less than BBLB's 4.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBLB JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 4.89% | 5.03% | 5.34% | 2.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLTB Fidelity Limited Term Bond ETF | 4.35% | 4.31% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% |
Frequently Asked Questions
FLTB and BBLB have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBLB has higher volatility (2.44%) compared to FLTB (0.59%). In terms of maximum drawdown, FLTB dropped -9.37% vs BBLB's -21.06%.
On 3-year performance, FLTB leads with 5.64% vs -1.35% for BBLB. On fees, BBLB is cheaper at 0.04% per year. On volatility, FLTB has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FLTB has performed better with a 5.64% return vs -1.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBLB is cheaper with a 0.04% expense ratio, compared with 0.25% for FLTB.
BBLB has the higher dividend yield at 4.89%, compared with 4.35% for FLTB.
FLTB is categorized as Short-Term Bond, while BBLB is Government Bonds. They also come from different issuers: Fidelity and JPMorgan. Their fees differ too: 0.25% for FLTB and 0.04% for BBLB.
FLTB currently has the higher Sharpe Ratio (1.97 vs 0.48), 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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