FLTB vs. BINC
FLTB (Fidelity Limited Term Bond ETF) and BINC (iShares Flexible Income Active ETF) are both exchange-traded funds - FLTB is a Short-Term Bond fund actively managed by Fidelity, while BINC is a Multisector Bonds fund actively managed by iShares. Both are actively managed. Over the past 3 years, FLTB returned 5.52%/yr vs 7.00%/yr for BINC. A 0.69 correlation means they provide meaningful diversification when combined. FLTB charges 0.25%/yr vs 0.40%/yr for BINC.
Performance
FLTB vs. BINC - Performance Comparison
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Returns By Period
In the year-to-date period, FLTB achieves a 0.84% return, which is significantly lower than BINC's 0.92% return.
FLTB
- 1D
- 0.03%
- 1M
- 0.30%
- YTD
- 0.84%
- 6M
- 1.18%
- 1Y
- 4.37%
- 3Y*
- 5.52%
- 5Y*
- 2.26%
- 10Y*
- 2.47%
BINC
- 1D
- 0.02%
- 1M
- 0.50%
- YTD
- 0.92%
- 6M
- 1.32%
- 1Y
- 5.62%
- 3Y*
- 7.00%
- 5Y*
- —
- 10Y*
- —
FLTB vs. BINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 0.84% | 6.60% | 5.14% | 3.90% |
BINC iShares Flexible Income Active ETF | 0.92% | 7.57% | 5.76% | 7.08% |
Correlation
The correlation between FLTB and BINC is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 24, 2023 | 0.69 |
The correlation between FLTB and BINC has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.
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Return for Risk
FLTB vs. BINC — Risk / Return Rank
FLTB
BINC
FLTB vs. BINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and iShares Flexible Income Active ETF (BINC). 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.
| FLTB | BINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.50 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.10 | +0.79 |
| Martin ratioReturn relative to average drawdown | 12.23 | 8.26 | +3.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLTB | BINC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.48 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 2.36 | -1.53 |
Drawdowns
FLTB vs. BINC - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, which is greater than BINC's maximum drawdown of -2.69%. Use the drawdown chart below to compare losses from any high point for FLTB and BINC.
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Drawdown Indicators
| FLTB | BINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -2.69% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -2.69% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -1.52% | -2.69% | +1.17% |
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 | -0.26% | -0.47% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -0.36% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.68% | -0.32% |
Volatility
FLTB vs. BINC - Volatility Comparison
The current volatility for Fidelity Limited Term Bond ETF (FLTB) is 0.62%, while iShares Flexible Income Active ETF (BINC) has a volatility of 0.75%. This indicates that FLTB experiences smaller price fluctuations and is considered to be less risky than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTB | BINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.75% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 1.84% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 2.28% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.80% | 3.00% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.94% | 3.00% | -0.06% |
FLTB vs. BINC - Expense Ratio Comparison
FLTB has a 0.25% expense ratio, which is lower than BINC's 0.40% expense ratio.
Dividends
FLTB vs. BINC - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 4.36%, less than BINC's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BINC iShares Flexible Income Active ETF | 5.86% | 5.86% | 6.14% | 3.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLTB Fidelity Limited Term Bond ETF | 4.36% | 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 BINC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BINC has higher volatility (0.75%) compared to FLTB (0.62%). In terms of maximum drawdown, FLTB dropped -9.37% vs BINC's -2.69%.
On 3-year performance, BINC leads with 7.00% vs 5.52% for FLTB. On fees, FLTB is cheaper at 0.25% per year. On volatility, FLTB has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BINC has performed better with a 7.00% return vs 5.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTB is cheaper with a 0.25% expense ratio, compared with 0.40% for BINC.
BINC has the higher dividend yield at 5.86%, compared with 4.36% for FLTB.
FLTB is categorized as Short-Term Bond, while BINC is Multisector Bonds. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.25% for FLTB and 0.40% for BINC.
BINC currently has the higher Sharpe Ratio (2.48 vs 2.08), 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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