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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTB or FBND.
Key characteristics
| FLTB | FBND | |
|---|---|---|
| YTD Return | 4.68% | 2.31% |
| 1Y Return | 7.47% | 7.65% |
| 3Y Return (Ann) | 1.44% | -1.39% |
| 5Y Return (Ann) | 1.77% | 0.97% |
| 10Y Return (Ann) | 2.06% | 2.23% |
| Sharpe Ratio | 3.25 | 1.52 |
| Sortino Ratio | 5.37 | 2.24 |
| Omega Ratio | 1.68 | 1.27 |
| Calmar Ratio | 1.91 | 0.72 |
| Martin Ratio | 19.94 | 6.14 |
| Ulcer Index | 0.41% | 1.48% |
| Daily Std Dev | 2.51% | 6.00% |
| Max Drawdown | -9.37% | -17.25% |
| Current Drawdown | -0.92% | -5.36% |
Correlation
The correlation between FLTB and FBND is 0.60, 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. FBND - Performance Comparison
In the year-to-date period, FLTB achieves a 4.68% return, which is significantly higher than FBND's 2.31% return. Over the past 10 years, FLTB has underperformed FBND with an annualized return of 2.06%, while FBND has yielded a comparatively higher 2.23% 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. FBND - Expense Ratio Comparison
Both FLTB and FBND have an expense ratio of 0.36%.
Risk-Adjusted Performance
FLTB vs. FBND - Risk-Adjusted Performance 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.
Dividends
FLTB vs. FBND - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 3.95%, less than FBND's 4.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 3.95% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% | 0.35% |
FBND Fidelity Total Bond ETF | 4.60% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
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. For additional features, visit the drawdowns tool.
Volatility
FLTB vs. FBND - Volatility Comparison
The current volatility for Fidelity Limited Term Bond ETF (FLTB) is 0.50%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.58%. 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.