FLTB vs. FSIG

Last updated Jun 23, 2026

FLTB (Fidelity Limited Term Bond ETF) and FSIG (First Trust Limited Duration Investment Grade Corporate ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 3 years, FLTB returned 5.58%/yr vs 5.18%/yr for FSIG. A 0.79 correlation means they provide meaningful diversification when combined. FLTB charges 0.25%/yr vs 0.55%/yr for FSIG.

Performance

FLTB vs. FSIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Limited Term Bond ETF (FLTB) and First Trust Limited Duration Investment Grade Corporate ETF (FSIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLTB achieves a 0.82% return, which is significantly higher than FSIG's 0.38% return.

FLTB

• 1D: -0.06%
• 1M: 0.32%
• YTD: 0.82%
• 6M: 0.86%
• 1Y: 4.26%
• 3Y*: 5.58%
• 5Y*: 2.30%
• 10Y*: 2.44%

FSIG

• 1D: -0.05%
• 1M: 0.27%
• YTD: 0.38%
• 6M: 0.54%
• 1Y: 3.77%
• 3Y*: 5.18%
• 5Y*: —
• 10Y*: —

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

FLTB vs. FSIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FLTB Fidelity Limited Term Bond ETF	0.82%	6.60%	5.14%	5.94%	-5.88%	0.01%
FSIG First Trust Limited Duration Investment Grade Corporate ETF	0.38%	6.66%	4.22%	6.22%	-4.37%	-0.08%

Correlation

The correlation between FLTB and FSIG is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Nov 18, 2021	0.79

The correlation between FLTB and FSIG has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.

Return for Risk

FLTB vs. FSIG — Risk / Return Rank

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

FLTB

FLTB Risk / Return Rank: 66
FLTB Sharpe Ratio Rank: 64
FLTB Sortino Ratio Rank: 73
FLTB Omega Ratio Rank: 67
FLTB Calmar Ratio Rank: 59
FLTB Martin Ratio Rank: 66

FSIG

FSIG Risk / Return Rank: 54
FSIG Sharpe Ratio Rank: 51
FSIG Sortino Ratio Rank: 53
FSIG Omega Ratio Rank: 56
FSIG Calmar Ratio Rank: 50
FSIG Martin Ratio Rank: 58

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. FSIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and First Trust Limited Duration Investment Grade Corporate ETF (FSIG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLTB	FSIG	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.68	+0.36
Sortino ratio: Return per unit of downside risk	3.14	2.51	+0.63
Omega ratio: Gain probability vs. loss probability	1.39	1.34	+0.05
Calmar ratio: Return relative to maximum drawdown	2.81	2.44	+0.37
Martin ratio: Return relative to average drawdown	11.71	9.98	+1.73

FLTB vs. FSIG - Sharpe Ratio Comparison

The current FLTB Sharpe Ratio is 2.04, which is comparable to the FSIG Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of FLTB and FSIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLTB vs. FSIG - Drawdown Comparison

The maximum FLTB drawdown since its inception was -9.37%, which is greater than FSIG's maximum drawdown of -6.93%. Use the drawdown chart below to compare losses from any high point for FLTB and FSIG.

Drawdown Indicators

	FLTB	FSIG	Difference
Max Drawdown Largest peak-to-trough decline	-9.37%	-6.93%	-2.44%
Max Drawdown (1Y) Largest decline over 1 year	-1.52%	-1.55%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-1.52%	-1.55%	+0.03%
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	-0.28%	-0.32%	+0.04%
Average Drawdown Average peak-to-trough decline	-1.39%	-1.67%	+0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	0.38%	-0.02%

Volatility

FLTB vs. FSIG - Volatility Comparison

The current volatility for Fidelity Limited Term Bond ETF (FLTB) is 0.57%, while First Trust Limited Duration Investment Grade Corporate ETF (FSIG) has a volatility of 0.67%. This indicates that FLTB experiences smaller price fluctuations and is considered to be less risky than FSIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLTB	FSIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.57%	0.67%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	1.66%	1.87%	-0.21%
Volatility (1Y) Calculated over the trailing 1-year period	2.10%	2.25%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.81%	2.96%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.94%	2.96%	-0.02%

FLTB vs. FSIG - Expense Ratio Comparison

FLTB has a 0.25% expense ratio, which is lower than FSIG's 0.55% expense ratio.

Dividends

FLTB vs. FSIG - Dividend Comparison

FLTB's dividend yield for the trailing twelve months is around 4.36%, less than FSIG's 4.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FSIG First Trust Limited Duration Investment Grade Corporate ETF	4.81%	4.73%	4.61%	4.42%	2.48%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLTB and FSIG in my portfolio?

FLTB and FSIG have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLTB or FSIG?

FSIG has higher volatility (0.67%) compared to FLTB (0.57%). In terms of maximum drawdown, FLTB dropped -9.37% vs FSIG's -6.93%.

Which ETF is better, FLTB or FSIG?

On 3-year performance, FLTB leads with 5.58% vs 5.18% for FSIG. On fees, FLTB is cheaper at 0.25% per year. On volatility, FLTB has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLTB or FSIG?

Over the 3-year period, FLTB has performed better with a 5.58% return vs 5.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLTB or FSIG?

FLTB is cheaper with a 0.25% expense ratio, compared with 0.55% for FSIG.

Which ETF pays a higher dividend yield, FLTB or FSIG?

FSIG has the higher dividend yield at 4.81%, compared with 4.36% for FLTB.

What is the main difference between FLTB and FSIG?

They also come from different issuers: Fidelity and First Trust. Their fees differ too: 0.25% for FLTB and 0.55% for FSIG.

Which has better risk-adjusted returns?

FLTB currently has the higher Sharpe Ratio (2.04 vs 1.68), 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.