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FLTB vs. MINT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FLTB vs. MINT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Limited Term Bond ETF (FLTB) and PIMCO Enhanced Short Maturity Strategy Fund (MINT). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.72%
2.78%
FLTB
MINT

Returns By Period

In the year-to-date period, FLTB achieves a 4.76% return, which is significantly lower than MINT's 5.31% return. Both investments have delivered pretty close results over the past 10 years, with FLTB having a 2.06% annualized return and MINT not far ahead at 2.13%.


FLTB

YTD

4.76%

1M

-0.36%

6M

3.73%

1Y

7.48%

5Y (annualized)

1.76%

10Y (annualized)

2.06%

MINT

YTD

5.31%

1M

0.45%

6M

2.79%

1Y

6.04%

5Y (annualized)

2.45%

10Y (annualized)

2.13%

Key characteristics


FLTBMINT
Sharpe Ratio3.1013.72
Sortino Ratio4.9932.92
Omega Ratio1.639.86
Calmar Ratio1.8646.81
Martin Ratio17.63514.08
Ulcer Index0.43%0.01%
Daily Std Dev2.42%0.44%
Max Drawdown-9.37%-4.62%
Current Drawdown-0.85%0.00%

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FLTB vs. MINT - Expense Ratio Comparison

Both FLTB and MINT have an expense ratio of 0.36%.


FLTB
Fidelity Limited Term Bond ETF
Expense ratio chart for FLTB: current value at 0.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.36%
Expense ratio chart for MINT: current value at 0.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.36%

Correlation

-0.50.00.51.00.3

The correlation between FLTB and MINT is 0.26, 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. MINT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and PIMCO Enhanced Short Maturity Strategy Fund (MINT). 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.


Sharpe ratio
The chart of Sharpe ratio for FLTB, currently valued at 3.10, compared to the broader market0.002.004.006.003.1013.72
The chart of Sortino ratio for FLTB, currently valued at 4.99, compared to the broader market-2.000.002.004.006.008.0010.0012.004.9932.92
The chart of Omega ratio for FLTB, currently valued at 1.63, compared to the broader market0.501.001.502.002.503.001.639.86
The chart of Calmar ratio for FLTB, currently valued at 1.86, compared to the broader market0.005.0010.0015.001.8646.81
The chart of Martin ratio for FLTB, currently valued at 17.63, compared to the broader market0.0020.0040.0060.0080.00100.00120.0017.63514.08
FLTB
MINT

The current FLTB Sharpe Ratio is 3.10, which is lower than the MINT Sharpe Ratio of 13.72. The chart below compares the historical Sharpe Ratios of FLTB and MINT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.005.0010.0015.0020.00JuneJulyAugustSeptemberOctoberNovember
3.10
13.72
FLTB
MINT

Dividends

FLTB vs. MINT - Dividend Comparison

FLTB's dividend yield for the trailing twelve months is around 3.95%, less than MINT's 5.31% yield.


TTM20232022202120202019201820172016201520142013
FLTB
Fidelity Limited Term Bond ETF
3.95%3.20%1.63%0.89%1.56%2.67%2.50%1.78%1.59%1.63%0.35%0.00%
MINT
PIMCO Enhanced Short Maturity Strategy Fund
5.31%4.91%1.90%0.44%1.15%2.65%2.32%1.61%1.35%0.88%0.80%0.88%

Drawdowns

FLTB vs. MINT - Drawdown Comparison

The maximum FLTB drawdown since its inception was -9.37%, which is greater than MINT's maximum drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for FLTB and MINT. For additional features, visit the drawdowns tool.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.85%
0
FLTB
MINT

Volatility

FLTB vs. MINT - Volatility Comparison

Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.51% compared to PIMCO Enhanced Short Maturity Strategy Fund (MINT) at 0.10%. This indicates that FLTB's price experiences larger fluctuations and is considered to be riskier than MINT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.20%0.40%0.60%0.80%JuneJulyAugustSeptemberOctoberNovember
0.51%
0.10%
FLTB
MINT