PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FLTB vs. FCNVX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FLTB vs. FCNVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Limited Term Bond ETF (FLTB) and Fidelity Conservative Income Bond Institutional Class (FCNVX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.62%
2.73%
FLTB
FCNVX

Returns By Period

In the year-to-date period, FLTB achieves a 4.50% return, which is significantly lower than FCNVX's 4.91% return. Both investments have delivered pretty close results over the past 10 years, with FLTB having a 2.03% annualized return and FCNVX not far behind at 2.02%.


FLTB

YTD

4.50%

1M

-0.28%

6M

3.62%

1Y

7.03%

5Y (annualized)

1.72%

10Y (annualized)

2.03%

FCNVX

YTD

4.91%

1M

0.32%

6M

2.73%

1Y

5.68%

5Y (annualized)

2.57%

10Y (annualized)

2.02%

Key characteristics


FLTBFCNVX
Sharpe Ratio2.903.50
Sortino Ratio4.6513.30
Omega Ratio1.584.23
Calmar Ratio1.7855.81
Martin Ratio15.95112.31
Ulcer Index0.44%0.05%
Daily Std Dev2.42%1.59%
Max Drawdown-9.37%-2.19%
Current Drawdown-1.09%-0.10%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FLTB vs. FCNVX - Expense Ratio Comparison

FLTB has a 0.36% expense ratio, which is higher than FCNVX's 0.25% expense ratio.


FLTB
Fidelity Limited Term Bond ETF
Expense ratio chart for FLTB: current value at 0.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.36%
Expense ratio chart for FCNVX: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Correlation

-0.50.00.51.00.2

The correlation between FLTB and FCNVX is 0.20, 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. FCNVX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Fidelity Conservative Income Bond Institutional Class (FCNVX). 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.


Sharpe ratio
The chart of Sharpe ratio for FLTB, currently valued at 2.62, compared to the broader market0.002.004.002.623.50
The chart of Sortino ratio for FLTB, currently valued at 4.15, compared to the broader market-2.000.002.004.006.008.0010.0012.004.1513.30
The chart of Omega ratio for FLTB, currently valued at 1.52, compared to the broader market0.501.001.502.002.503.001.524.23
The chart of Calmar ratio for FLTB, currently valued at 1.89, compared to the broader market0.005.0010.0015.0020.001.8955.81
The chart of Martin ratio for FLTB, currently valued at 14.16, compared to the broader market0.0020.0040.0060.0080.00100.0014.16112.31
FLTB
FCNVX

The current FLTB Sharpe Ratio is 2.90, which is comparable to the FCNVX Sharpe Ratio of 3.50. The chart below compares the historical Sharpe Ratios of FLTB and FCNVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
2.62
3.50
FLTB
FCNVX

Dividends

FLTB vs. FCNVX - Dividend Comparison

FLTB's dividend yield for the trailing twelve months is around 3.96%, less than FCNVX's 5.22% yield.


TTM20232022202120202019201820172016201520142013
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%
FCNVX
Fidelity Conservative Income Bond Institutional Class
5.22%4.97%1.65%0.29%1.01%2.46%2.20%1.30%0.93%0.54%0.39%0.62%

Drawdowns

FLTB vs. FCNVX - Drawdown Comparison

The maximum FLTB drawdown since its inception was -9.37%, which is greater than FCNVX's maximum drawdown of -2.19%. Use the drawdown chart below to compare losses from any high point for FLTB and FCNVX. For additional features, visit the drawdowns tool.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.09%
-0.10%
FLTB
FCNVX

Volatility

FLTB vs. FCNVX - Volatility Comparison

Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.49% compared to Fidelity Conservative Income Bond Institutional Class (FCNVX) at 0.46%. This indicates that FLTB's price experiences larger fluctuations and is considered to be riskier than FCNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.20%0.40%0.60%0.80%JuneJulyAugustSeptemberOctoberNovember
0.49%
0.46%
FLTB
FCNVX