FLTB vs. FBND
Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and Fidelity Total Bond ETF (FBND).
FLTB and FBND 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. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
FLTB vs. FBND - Performance Comparison
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FLTB vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 0.14% | 6.60% | 5.14% | 5.94% | -5.88% | -1.20% | 5.57% | 5.87% | 1.06% | 2.10% |
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Returns By Period
In the year-to-date period, FLTB achieves a 0.14% return, which is significantly higher than FBND's 0.12% return. Over the past 10 years, FLTB has underperformed FBND with an annualized return of 2.47%, while FBND has yielded a comparatively higher 2.78% annualized return.
FLTB
- 1D
- -0.14%
- 1M
- -0.69%
- YTD
- 0.14%
- 6M
- 1.12%
- 1Y
- 4.48%
- 3Y*
- 5.31%
- 5Y*
- 2.22%
- 10Y*
- 2.47%
FBND
- 1D
- -0.02%
- 1M
- -1.32%
- YTD
- 0.12%
- 6M
- 0.77%
- 1Y
- 4.53%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.78%
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FLTB vs. FBND - Expense Ratio Comparison
FLTB has a 0.25% expense ratio, which is lower than FBND's 0.36% expense ratio.
Return for Risk
FLTB vs. FBND — Risk / Return Rank
FLTB
FBND
FLTB vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Fidelity Total Bond ETF (FBND). 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 | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.03 | +0.96 |
Sortino ratioReturn per unit of downside risk | 2.98 | 1.44 | +1.55 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.18 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.69 | +1.37 |
Martin ratioReturn relative to average drawdown | 12.68 | 5.25 | +7.43 |
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 | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.03 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.17 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.46 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.44 | +0.38 |
Correlation
The correlation between FLTB and FBND is 0.62, 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.
Dividends
FLTB vs. FBND - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 4.37%, less than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 4.37% | 4.31% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
FLTB vs. FBND - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FLTB and FBND.
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Drawdown Indicators
| FLTB | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -17.25% | +7.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -2.79% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -9.26% | -17.25% | +7.99% |
Max Drawdown (10Y)Largest decline over 10 years | -9.37% | -17.25% | +7.88% |
Current DrawdownCurrent decline from peak | -0.95% | -1.80% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -3.38% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.90% | -0.53% |
Volatility
FLTB vs. FBND - Volatility Comparison
The current volatility for Fidelity Limited Term Bond ETF (FLTB) is 0.97%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.66%. This indicates that FLTB experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTB | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.66% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 2.62% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 4.44% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.78% | 5.90% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.93% | 6.08% | -3.15% |