FLTB vs. FTEC
FLTB (Fidelity Limited Term Bond ETF) and FTEC (Fidelity MSCI Information Technology Index ETF) are both exchange-traded funds - FLTB is a Short-Term Bond fund actively managed by Fidelity, while FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. FLTB is actively managed, while FTEC is passively managed. Over the past 10 years, FLTB returned 2.44%/yr vs 25.55%/yr for FTEC. At a 0.06 correlation, their price movements are largely independent. FLTB charges 0.25%/yr vs 0.08%/yr for FTEC.
Performance
FLTB vs. FTEC - Performance Comparison
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Returns By Period
In the year-to-date period, FLTB achieves a 1.10% return, which is significantly lower than FTEC's 23.03% return. Over the past 10 years, FLTB has underperformed FTEC with an annualized return of 2.44%, while FTEC has yielded a comparatively higher 25.55% annualized return.
FLTB
- 1D
- 0.04%
- 1M
- 0.48%
- YTD
- 1.10%
- 6M
- 1.27%
- 1Y
- 4.10%
- 3Y*
- 5.64%
- 5Y*
- 2.35%
- 10Y*
- 2.44%
FTEC
- 1D
- 0.30%
- 1M
- -2.07%
- YTD
- 23.03%
- 6M
- 20.95%
- 1Y
- 43.02%
- 3Y*
- 30.75%
- 5Y*
- 19.70%
- 10Y*
- 25.55%
FLTB vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 1.10% | 6.60% | 5.14% | 5.94% | -5.88% | -1.20% | 5.57% | 5.87% | 1.06% | 2.10% |
FTEC Fidelity MSCI Information Technology Index ETF | 23.03% | 22.11% | 29.40% | 53.30% | -29.59% | 30.49% | 45.83% | 48.93% | -0.39% | 36.83% |
Correlation
The correlation between FLTB and FTEC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.06 |
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Return for Risk
FLTB vs. FTEC — Risk / Return Rank
FLTB
FTEC
FLTB vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Fidelity MSCI Information Technology Index ETF (FTEC). 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 | FTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.66 | +0.05 |
| Martin ratioReturn relative to average drawdown | 11.27 | 8.09 | +3.19 |
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Drawdowns
FLTB vs. FTEC - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FLTB and FTEC.
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Drawdown Indicators
| FLTB | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -34.95% | +25.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -16.26% | +14.74% |
Max Drawdown (3Y)Largest decline over 3 years | -1.52% | -27.30% | +25.78% |
Max Drawdown (5Y)Largest decline over 5 years | -9.26% | -34.95% | +25.69% |
Max Drawdown (10Y)Largest decline over 10 years | -9.37% | -34.95% | +25.58% |
Current DrawdownCurrent decline from peak | 0.00% | -8.11% | +8.11% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -5.57% | +4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 5.34% | -4.98% |
Volatility
FLTB vs. FTEC - Volatility Comparison
The current volatility for Fidelity Limited Term Bond ETF (FLTB) is 0.59%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 11.20%. This indicates that FLTB experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTB | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 11.20% | -10.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 18.56% | -16.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.09% | 22.73% | -20.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.81% | 25.60% | -22.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.94% | 24.85% | -21.91% |
FLTB vs. FTEC - Expense Ratio Comparison
FLTB has a 0.25% expense ratio, which is higher than FTEC's 0.08% 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. FTEC - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 4.35%, more than FTEC's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 4.35% | 4.31% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.36% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
Frequently Asked Questions
FLTB and FTEC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTEC has higher volatility (11.20%) compared to FLTB (0.59%). In terms of maximum drawdown, FLTB dropped -9.37% vs FTEC's -34.95%.
On 10-year performance, FTEC leads with 25.55% vs 2.44% for FLTB. On fees, FTEC is cheaper at 0.08% per year. On volatility, FLTB has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FTEC has performed better with a 25.55% return vs 2.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTEC is cheaper with a 0.08% expense ratio, compared with 0.25% for FLTB.
FLTB has the higher dividend yield at 4.35%, compared with 0.36% for FTEC.
FLTB is categorized as Short-Term Bond, while FTEC is Technology Equities. Their fees differ too: 0.25% for FLTB and 0.08% for FTEC.
FLTB currently has the higher Sharpe Ratio (1.97 vs 1.90), 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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