FLTB vs. FTEC
Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and Fidelity MSCI Information Technology Index ETF (FTEC).
FLTB and FTEC 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. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTB or FTEC.
Performance
FLTB vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, FLTB achieves a 4.50% return, which is significantly lower than FTEC's 29.26% return. Over the past 10 years, FLTB has underperformed FTEC with an annualized return of 2.03%, while FTEC has yielded a comparatively higher 20.51% annualized return.
FLTB
4.50%
-0.28%
3.62%
7.03%
1.72%
2.03%
FTEC
29.26%
4.14%
14.30%
36.13%
22.99%
20.51%
Key characteristics
| FLTB | FTEC | |
|---|---|---|
| Sharpe Ratio | 2.90 | 1.71 |
| Sortino Ratio | 4.65 | 2.25 |
| Omega Ratio | 1.58 | 1.30 |
| Calmar Ratio | 1.78 | 2.37 |
| Martin Ratio | 15.95 | 8.51 |
| Ulcer Index | 0.44% | 4.25% |
| Daily Std Dev | 2.42% | 21.10% |
| Max Drawdown | -9.37% | -34.95% |
| Current Drawdown | -1.09% | -0.60% |
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FLTB vs. FTEC - Expense Ratio Comparison
FLTB has a 0.36% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between FLTB and FTEC is 0.06, 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.
Risk-Adjusted Performance
FLTB vs. FTEC - Risk-Adjusted Performance 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.
Dividends
FLTB vs. FTEC - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 3.96%, more than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 3.96% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% | 0.35% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.61% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
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. For additional features, visit the drawdowns tool.
Volatility
FLTB vs. FTEC - Volatility Comparison
The current volatility for Fidelity Limited Term Bond ETF (FLTB) is 0.49%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.51%. 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.