FLTB vs. BSV
Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and Vanguard Short-Term Bond ETF (BSV).
FLTB and BSV 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. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTB or BSV.
Key characteristics
| FLTB | BSV | |
|---|---|---|
| YTD Return | 4.60% | 3.10% |
| 1Y Return | 8.07% | 6.04% |
| 3Y Return (Ann) | 1.41% | 0.69% |
| 5Y Return (Ann) | 1.76% | 1.21% |
| 10Y Return (Ann) | 2.06% | 1.56% |
| Sharpe Ratio | 3.21 | 2.33 |
| Sortino Ratio | 5.30 | 3.65 |
| Omega Ratio | 1.67 | 1.46 |
| Calmar Ratio | 1.71 | 1.28 |
| Martin Ratio | 19.86 | 10.53 |
| Ulcer Index | 0.41% | 0.58% |
| Daily Std Dev | 2.51% | 2.62% |
| Max Drawdown | -9.37% | -8.54% |
| Current Drawdown | -1.00% | -1.50% |
Correlation
The correlation between FLTB and BSV is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FLTB vs. BSV - Performance Comparison
In the year-to-date period, FLTB achieves a 4.60% return, which is significantly higher than BSV's 3.10% return. Over the past 10 years, FLTB has outperformed BSV with an annualized return of 2.06%, while BSV has yielded a comparatively lower 1.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLTB vs. BSV - Expense Ratio Comparison
FLTB has a 0.36% expense ratio, which is higher than BSV's 0.04% expense ratio.
Risk-Adjusted Performance
FLTB vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Vanguard Short-Term Bond ETF (BSV). 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. BSV - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 3.96%, more than BSV's 3.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
BSV Vanguard Short-Term Bond ETF | 3.27% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.49% | 1.40% | 1.45% | 1.48% |
Drawdowns
FLTB vs. BSV - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for FLTB and BSV. For additional features, visit the drawdowns tool.
Volatility
FLTB vs. BSV - Volatility Comparison
The current volatility for Fidelity Limited Term Bond ETF (FLTB) is 0.49%, while Vanguard Short-Term Bond ETF (BSV) has a volatility of 0.56%. This indicates that FLTB experiences smaller price fluctuations and is considered to be less risky than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.