FLTB vs. FELC

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and Fidelity Enhanced Large Cap Core ETF (FELC).

FLTB and FELC 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. FELC is an actively managed fund by Fidelity. It was launched on Apr 19, 2007.

Performance

FLTB vs. FELC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Limited Term Bond ETF (FLTB) and Fidelity Enhanced Large Cap Core ETF (FELC). The values are adjusted to include any dividend payments, if applicable.

FLTB vs. FELC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLTB Fidelity Limited Term Bond ETF	0.14%	6.60%	5.14%	2.60%
FELC Fidelity Enhanced Large Cap Core ETF	-3.95%	17.09%	25.25%	5.68%

Returns By Period

In the year-to-date period, FLTB achieves a 0.14% return, which is significantly higher than FELC's -3.95% 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%

FELC

• 1D: 0.80%
• 1M: -4.23%
• YTD: -3.95%
• 6M: -1.59%
• 1Y: 17.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLTB vs. FELC - Expense Ratio Comparison

FLTB has a 0.25% expense ratio, which is higher than FELC's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

FLTB

Fidelity Limited Term Bond ETF

FELC

Fidelity Enhanced Large Cap Core ETF

Return for Risk

FLTB vs. FELC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLTB

FLTB Risk / Return Rank: 90
FLTB Sharpe Ratio Rank: 89
FLTB Sortino Ratio Rank: 94
FLTB Omega Ratio Rank: 88
FLTB Calmar Ratio Rank: 89
FLTB Martin Ratio Rank: 91

FELC

FELC Risk / Return Rank: 59
FELC Sharpe Ratio Rank: 53
FELC Sortino Ratio Rank: 56
FELC Omega Ratio Rank: 60
FELC Calmar Ratio Rank: 58
FELC Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLTB vs. FELC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Fidelity Enhanced Large Cap Core ETF (FELC). 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	FELC	Difference
Sharpe ratio Return per unit of total volatility	1.99	0.98	+1.00
Sortino ratio Return per unit of downside risk	2.98	1.50	+1.48
Omega ratio Gain probability vs. loss probability	1.37	1.23	+0.15
Calmar ratio Return relative to maximum drawdown	3.06	1.53	+1.53
Martin ratio Return relative to average drawdown	12.68	7.11	+5.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLTB vs. FELC - Sharpe Ratio Comparison

The current FLTB Sharpe Ratio is 1.99, which is higher than the FELC Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of FLTB and FELC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLTB	FELC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	0.98	+1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.20	-0.38

Correlation

The correlation between FLTB and FELC is 0.11, 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.

Dividends

FLTB vs. FELC - Dividend Comparison

FLTB's dividend yield for the trailing twelve months is around 4.37%, more than FELC's 0.98% 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%
FELC Fidelity Enhanced Large Cap Core ETF	0.98%	0.92%	1.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FLTB vs. FELC - Drawdown Comparison

The maximum FLTB drawdown since its inception was -9.37%, smaller than the maximum FELC drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FLTB and FELC.

Drawdown Indicators

	FLTB	FELC	Difference
Max Drawdown Largest peak-to-trough decline	-9.37%	-18.59%	+9.22%
Max Drawdown (1Y) Largest decline over 1 year	-1.52%	-12.01%	+10.49%
Max Drawdown (5Y) Largest decline over 5 years	-9.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-9.37%	—	—
Current Drawdown Current decline from peak	-0.95%	-5.68%	+4.73%
Average Drawdown Average peak-to-trough decline	-1.41%	-1.99%	+0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.37%	2.59%	-2.22%

Volatility

FLTB vs. FELC - Volatility Comparison

The current volatility for Fidelity Limited Term Bond ETF (FLTB) is 0.97%, while Fidelity Enhanced Large Cap Core ETF (FELC) has a volatility of 5.34%. This indicates that FLTB experiences smaller price fluctuations and is considered to be less risky than FELC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLTB	FELC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	5.34%	-4.37%
Volatility (6M) Calculated over the trailing 6-month period	1.50%	9.62%	-8.12%
Volatility (1Y) Calculated over the trailing 1-year period	2.27%	18.22%	-15.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	15.42%	-12.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.93%	15.42%	-12.49%