FLTB vs. FLDR
FLTB (Fidelity Limited Term Bond ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both exchange-traded funds - FLTB is a Short-Term Bond fund actively managed by Fidelity, while FLDR is a Corporate Bonds fund tracking the Fidelity Low Duration Investment Grade Factor Index. FLTB is actively managed, while FLDR is passively managed. Over the past 5 years, FLTB returned 2.26%/yr vs 3.70%/yr for FLDR. At a 0.47 correlation, their price movements are largely independent. FLTB charges 0.25%/yr vs 0.15%/yr for FLDR.
Performance
FLTB vs. FLDR - Performance Comparison
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Returns By Period
In the year-to-date period, FLTB achieves a 0.84% return, which is significantly lower than FLDR's 1.44% return.
FLTB
- 1D
- 0.03%
- 1M
- 0.30%
- YTD
- 0.84%
- 6M
- 1.18%
- 1Y
- 4.37%
- 3Y*
- 5.52%
- 5Y*
- 2.26%
- 10Y*
- 2.47%
FLDR
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.44%
- 6M
- 1.76%
- 1Y
- 4.70%
- 3Y*
- 5.35%
- 5Y*
- 3.70%
- 10Y*
- —
FLTB vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 0.84% | 6.60% | 5.14% | 5.94% | -5.88% | -1.20% | 5.57% | 5.87% | 1.74% |
FLDR Fidelity Low Duration Bond Factor ETF | 1.44% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.94% |
Correlation
The correlation between FLTB and FLDR is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2018 | 0.47 |
The correlation between FLTB and FLDR shifts across timeframes, from 0.47 (all time) to 0.61 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLTB vs. FLDR — Risk / Return Rank
FLTB
FLDR
FLTB vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Fidelity Low Duration Bond Factor ETF (FLDR). 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 | FLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.79 | ||
| Sortino ratioReturn per unit of downside risk | -6.72 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 2.73 | -1.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 10.10 | -7.22 |
| Martin ratioReturn relative to average drawdown | 12.23 | 69.31 | -57.08 |
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 | FLDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 5.88 | -3.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 3.07 | -2.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.61 | +0.22 |
Drawdowns
FLTB vs. FLDR - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, smaller than the maximum FLDR drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for FLTB and FLDR.
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Drawdown Indicators
| FLTB | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -12.23% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -0.47% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -1.52% | -0.76% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -9.26% | -2.33% | -6.93% |
Max Drawdown (10Y)Largest decline over 10 years | -9.37% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.02% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -0.35% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.07% | +0.29% |
Volatility
FLTB vs. FLDR - Volatility Comparison
Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.62% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.19%. This indicates that FLTB's price experiences larger fluctuations and is considered to be riskier than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTB | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.19% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 0.58% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 0.80% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.80% | 1.21% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.94% | 5.26% | -2.32% |
FLTB vs. FLDR - Expense Ratio Comparison
FLTB has a 0.25% expense ratio, which is higher than FLDR's 0.15% 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%.
Dividends
FLTB vs. FLDR - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 4.36%, less than FLDR's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 4.43% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% |
FLTB Fidelity Limited Term Bond ETF | 4.36% | 4.31% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% |
Frequently Asked Questions
FLTB and FLDR have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTB has higher volatility (0.62%) compared to FLDR (0.19%). In terms of maximum drawdown, FLTB dropped -9.37% vs FLDR's -12.23%.
On 5-year performance, FLDR leads with 3.70% vs 2.26% for FLTB. On fees, FLDR is cheaper at 0.15% per year. On volatility, FLDR has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLDR has performed better with a 3.70% return vs 2.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLDR is cheaper with a 0.15% expense ratio, compared with 0.25% for FLTB.
FLDR has the higher dividend yield at 4.43%, compared with 4.36% for FLTB.
FLTB is categorized as Short-Term Bond, while FLDR is Corporate Bonds. Their fees differ too: 0.25% for FLTB and 0.15% for FLDR.
FLDR currently has the higher Sharpe Ratio (5.88 vs 2.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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