FLTB vs. MINT
Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and PIMCO Enhanced Short Maturity Strategy Fund (MINT).
FLTB and MINT 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. MINT is an actively managed fund by PIMCO. It was launched on Nov 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTB or MINT.
Key characteristics
| FLTB | MINT | |
|---|---|---|
| YTD Return | 4.60% | 5.18% |
| 1Y Return | 8.07% | 6.01% |
| 3Y Return (Ann) | 1.41% | 3.41% |
| 5Y Return (Ann) | 1.76% | 2.44% |
| 10Y Return (Ann) | 2.06% | 2.12% |
| Sharpe Ratio | 3.21 | 13.53 |
| Sortino Ratio | 5.30 | 32.42 |
| Omega Ratio | 1.67 | 9.46 |
| Calmar Ratio | 1.71 | 46.74 |
| Martin Ratio | 19.86 | 506.77 |
| Ulcer Index | 0.41% | 0.01% |
| Daily Std Dev | 2.51% | 0.45% |
| Max Drawdown | -9.37% | -4.62% |
| Current Drawdown | -1.00% | 0.00% |
Correlation
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.
Performance
FLTB vs. MINT - Performance Comparison
In the year-to-date period, FLTB achieves a 4.60% return, which is significantly lower than MINT's 5.18% 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 2.12%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLTB vs. MINT - Expense Ratio Comparison
Both FLTB and MINT have an expense ratio of 0.36%.
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.
Dividends
FLTB vs. MINT - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 3.96%, less than MINT's 5.32% 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% |
MINT PIMCO Enhanced Short Maturity Strategy Fund | 5.32% | 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.
Volatility
FLTB vs. MINT - Volatility Comparison
Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.49% 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.