FLTB vs. MGC
Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and Vanguard Mega Cap ETF (MGC).
FLTB and MGC 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. MGC is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Index. It was launched on Dec 17, 2007.
Performance
FLTB vs. MGC - Performance Comparison
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FLTB vs. MGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 0.14% | 6.60% | 5.14% | 5.94% | -5.88% | -1.20% | 5.57% | 5.87% | 1.06% | 2.10% |
MGC Vanguard Mega Cap ETF | -4.86% | 19.31% | 27.16% | 29.77% | -19.95% | 27.58% | 21.57% | 31.14% | -3.45% | 22.61% |
Returns By Period
In the year-to-date period, FLTB achieves a 0.14% return, which is significantly higher than MGC's -4.86% return. Over the past 10 years, FLTB has underperformed MGC with an annualized return of 2.47%, while MGC has yielded a comparatively higher 14.78% annualized 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%
MGC
- 1D
- 0.81%
- 1M
- -4.09%
- YTD
- -4.86%
- 6M
- -2.26%
- 1Y
- 18.99%
- 3Y*
- 19.96%
- 5Y*
- 12.41%
- 10Y*
- 14.78%
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FLTB vs. MGC - Expense Ratio Comparison
FLTB has a 0.25% expense ratio, which is higher than MGC's 0.05% 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%.
Return for Risk
FLTB vs. MGC — Risk / Return Rank
FLTB
MGC
FLTB vs. MGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Vanguard Mega Cap ETF (MGC). 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 | MGC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.01 | +0.97 |
Sortino ratioReturn per unit of downside risk | 2.98 | 1.56 | +1.43 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.64 | +1.43 |
Martin ratioReturn relative to average drawdown | 12.68 | 7.19 | +5.50 |
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 | MGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.01 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.72 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.82 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.56 | +0.27 |
Correlation
The correlation between FLTB and MGC 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.
Dividends
FLTB vs. MGC - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 4.37%, more than MGC's 1.01% 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% |
MGC Vanguard Mega Cap ETF | 1.01% | 0.93% | 1.15% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.83% | 2.14% | 2.11% |
Drawdowns
FLTB vs. MGC - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, smaller than the maximum MGC drawdown of -51.93%. Use the drawdown chart below to compare losses from any high point for FLTB and MGC.
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Drawdown Indicators
| FLTB | MGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -51.93% | +42.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -11.93% | +10.41% |
Max Drawdown (5Y)Largest decline over 5 years | -9.26% | -25.74% | +16.48% |
Max Drawdown (10Y)Largest decline over 10 years | -9.37% | -33.07% | +23.70% |
Current DrawdownCurrent decline from peak | -0.95% | -6.33% | +5.38% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -7.12% | +5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 2.72% | -2.35% |
Volatility
FLTB vs. MGC - Volatility Comparison
The current volatility for Fidelity Limited Term Bond ETF (FLTB) is 0.97%, while Vanguard Mega Cap ETF (MGC) has a volatility of 5.54%. This indicates that FLTB experiences smaller price fluctuations and is considered to be less risky than MGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTB | MGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 5.54% | -4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.50% | 9.86% | -8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.27% | 18.80% | -16.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.78% | 17.26% | -14.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.93% | 18.19% | -15.26% |