FLTB vs. MINT
FLTB (Fidelity Limited Term Bond ETF) and MINT (PIMCO Enhanced Short Maturity Active ETF) are both exchange-traded funds - FLTB is a Short-Term Bond fund actively managed by Fidelity, while MINT is a Ultrashort Bond fund actively managed by PIMCO. Both are actively managed. Over the past 10 years, FLTB returned 2.44%/yr vs 2.72%/yr for MINT. At a 0.24 correlation, their price movements are largely independent. FLTB charges 0.25%/yr vs 0.36%/yr for MINT.
Performance
FLTB vs. MINT - Performance Comparison
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Returns By Period
In the year-to-date period, FLTB achieves a 0.82% return, which is significantly lower than MINT's 2.04% return. Over the past 10 years, FLTB has underperformed MINT with an annualized return of 2.44%, while MINT has yielded a comparatively higher 2.72% annualized return.
FLTB
- 1D
- -0.06%
- 1M
- 0.32%
- YTD
- 0.82%
- 6M
- 0.86%
- 1Y
- 4.26%
- 3Y*
- 5.58%
- 5Y*
- 2.30%
- 10Y*
- 2.44%
MINT
- 1D
- -0.03%
- 1M
- 0.33%
- YTD
- 2.04%
- 6M
- 2.17%
- 1Y
- 4.66%
- 3Y*
- 5.35%
- 5Y*
- 3.52%
- 10Y*
- 2.72%
FLTB vs. MINT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 0.82% | 6.60% | 5.14% | 5.94% | -5.88% | -1.20% | 5.57% | 5.87% | 1.06% | 2.10% |
MINT PIMCO Enhanced Short Maturity Active ETF | 2.04% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 1.62% | 3.34% | 1.72% | 1.86% |
Correlation
The correlation between FLTB and MINT is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.24 |
The correlation between FLTB and MINT shifts across timeframes, from -0.05 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLTB vs. MINT — Risk / Return Rank
FLTB
MINT
FLTB vs. MINT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and PIMCO Enhanced Short Maturity Active ETF (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.
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 | MINT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.79 | ||
| Sortino ratioReturn per unit of downside risk | -57.53 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 18.96 | -17.57 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 94.08 | -91.27 |
| Martin ratioReturn relative to average drawdown | 11.71 | 889.37 | -877.65 |
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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.
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Drawdown Indicators
| FLTB | MINT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -4.62% | -4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -0.05% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -1.52% | -0.16% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -9.26% | -2.42% | -6.84% |
Max Drawdown (10Y)Largest decline over 10 years | -9.37% | -4.62% | -4.75% |
Current DrawdownCurrent decline from peak | -0.28% | -0.03% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -0.17% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.01% | +0.35% |
Volatility
FLTB vs. MINT - Volatility Comparison
Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.57% compared to PIMCO Enhanced Short Maturity Active ETF (MINT) at 0.11%. 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.
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Volatility by Period
| FLTB | MINT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.57% | 0.11% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 0.21% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.10% | 0.28% | +1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.81% | 0.58% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.94% | 0.95% | +1.99% |
FLTB vs. MINT - Expense Ratio Comparison
FLTB has a 0.25% expense ratio, which is lower than MINT's 0.36% expense ratio.
Dividends
FLTB vs. MINT - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 4.36%, more than MINT's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 4.36% | 4.31% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% |
MINT PIMCO Enhanced Short Maturity Active ETF | 4.28% | 4.63% | 5.22% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% |
Frequently Asked Questions
FLTB and MINT have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTB has higher volatility (0.57%) compared to MINT (0.11%). In terms of maximum drawdown, FLTB dropped -9.37% vs MINT's -4.62%.
On 10-year performance, MINT leads with 2.72% vs 2.44% for FLTB. On fees, FLTB is cheaper at 0.25% per year. On volatility, MINT has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MINT has performed better with a 2.72% return vs 2.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTB is cheaper with a 0.25% expense ratio, compared with 0.36% for MINT.
FLTB has the higher dividend yield at 4.36%, compared with 4.28% for MINT.
FLTB is categorized as Short-Term Bond, while MINT is Ultrashort Bond. They also come from different issuers: Fidelity and PIMCO. Their fees differ too: 0.25% for FLTB and 0.36% for MINT.
MINT currently has the higher Sharpe Ratio (16.83 vs 2.04), 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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