FLTB vs. FCNVX
Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and Fidelity Conservative Income Bond Institutional Class (FCNVX).
FLTB is an actively managed fund by Fidelity. It was launched on Oct 6, 2014. FCNVX is managed by Fidelity. It was launched on Mar 3, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTB or FCNVX.
Key characteristics
| FLTB | FCNVX | |
|---|---|---|
| YTD Return | 4.87% | 5.06% |
| 1Y Return | 8.33% | 5.84% |
| 3Y Return (Ann) | 1.51% | 3.84% |
| 5Y Return (Ann) | 1.84% | 2.60% |
| 10Y Return (Ann) | 2.08% | 2.03% |
| Sharpe Ratio | 3.35 | 3.66 |
| Sortino Ratio | 5.58 | 14.19 |
| Omega Ratio | 1.71 | 4.47 |
| Calmar Ratio | 1.77 | 58.28 |
| Martin Ratio | 20.88 | 127.56 |
| Ulcer Index | 0.40% | 0.05% |
| Daily Std Dev | 2.50% | 1.59% |
| Max Drawdown | -9.37% | -2.19% |
| Current Drawdown | -0.74% | 0.00% |
Correlation
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.
Performance
FLTB vs. FCNVX - Performance Comparison
The year-to-date returns for both investments are quite close, with FLTB having a 4.87% return and FCNVX slightly higher at 5.06%. Both investments have delivered pretty close results over the past 10 years, with FLTB having a 2.08% annualized return and FCNVX not far behind at 2.03%. 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. FCNVX - Expense Ratio Comparison
FLTB has a 0.36% expense ratio, which is higher than FCNVX's 0.25% expense ratio.
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.
Dividends
FLTB vs. FCNVX - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 3.95%, less than FCNVX's 5.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
FCNVX Fidelity Conservative Income Bond Institutional Class | 5.26% | 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.
Volatility
FLTB vs. FCNVX - Volatility Comparison
Fidelity Limited Term Bond ETF (FLTB) and Fidelity Conservative Income Bond Institutional Class (FCNVX) have volatilities of 0.43% and 0.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.