FLTB vs. BOXX
Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and Alpha Architect 1-3 Month Box ETF (BOXX).
FLTB and BOXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLTB is an actively managed fund by Fidelity. It was launched on Oct 6, 2014. BOXX is an actively managed fund by Alpha Architect. It was launched on Dec 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTB or BOXX.
Performance
FLTB vs. BOXX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FLTB having a 4.50% return and BOXX slightly higher at 4.59%.
FLTB
4.50%
-0.28%
3.62%
7.03%
1.72%
2.03%
BOXX
4.59%
0.36%
2.47%
5.19%
N/A
N/A
Key characteristics
| FLTB | BOXX | |
|---|---|---|
| Sharpe Ratio | 2.90 | 13.72 |
| Sortino Ratio | 4.65 | 46.54 |
| Omega Ratio | 1.58 | 10.40 |
| Calmar Ratio | 1.78 | 136.78 |
| Martin Ratio | 15.95 | 726.92 |
| Ulcer Index | 0.44% | 0.01% |
| Daily Std Dev | 2.42% | 0.38% |
| Max Drawdown | -9.37% | -0.12% |
| Current Drawdown | -1.09% | 0.00% |
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FLTB vs. BOXX - Expense Ratio Comparison
FLTB has a 0.36% expense ratio, which is higher than BOXX's 0.20% expense ratio.
Correlation
The correlation between FLTB and BOXX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
FLTB vs. BOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Alpha Architect 1-3 Month Box ETF (BOXX). 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.
Dividends
FLTB vs. BOXX - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 3.96%, more than BOXX's 0.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 3.96% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% | 0.35% |
BOXX Alpha Architect 1-3 Month Box ETF | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLTB vs. BOXX - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for FLTB and BOXX. For additional features, visit the drawdowns tool.
Volatility
FLTB vs. BOXX - Volatility Comparison
Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.49% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.08%. This indicates that FLTB's price experiences larger fluctuations and is considered to be riskier than BOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.