FLTB vs. SCHJ
FLTB (Fidelity Limited Term Bond ETF) and SCHJ (Schwab 1-5 Year Corporate Bond ETF) are both Short-Term Bond funds. FLTB is actively managed, while SCHJ is passively managed. Over the past 5 years, FLTB returned 2.26%/yr vs 2.32%/yr for SCHJ. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FLTB charges 0.25%/yr vs 0.03%/yr for SCHJ.
Performance
FLTB vs. SCHJ - Performance Comparison
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Returns By Period
In the year-to-date period, FLTB achieves a 1.11% return, which is significantly higher than SCHJ's 0.85% return.
FLTB
- 1D
- 0.18%
- 1M
- -0.01%
- 6M
- 0.69%
- YTD
- 1.11%
- 1Y
- 3.33%
- 3Y*
- 5.46%
- 5Y*
- 2.26%
- 10Y*
- 2.41%
- ALL TIME*
- 2.41%
SCHJ
- 1D
- 0.10%
- 1M
- -0.18%
- 6M
- 0.56%
- YTD
- 0.85%
- 1Y
- 3.10%
- 3Y*
- 5.41%
- 5Y*
- 2.32%
- 10Y*
- —
- ALL TIME*
- 2.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.76M | $2.68M | $2.67M | |
| $5.83M | $7.78M | $6.51M |
FLTB vs. SCHJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 1.11% | 6.60% | 5.14% | 5.94% | -5.88% | -1.20% | 5.57% | 0.22% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.85% | 6.80% | 4.89% | 6.36% | -5.73% | -0.67% | 5.30% | 0.61% |
Correlation
The correlation between FLTB and SCHJ is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.76 |
The correlation between FLTB and SCHJ has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
FLTB vs. SCHJ — Risk / Return Rank
FLTB
SCHJ
FLTB vs. SCHJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). 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 | SCHJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.11 | +0.08 |
| Martin ratioReturn relative to average drawdown | 9.09 | 7.94 | +1.15 |
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Drawdowns
FLTB vs. SCHJ - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, smaller than the maximum SCHJ drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for FLTB and SCHJ.
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Drawdown Indicators
| FLTB | SCHJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -13.62% | +4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -1.47% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -1.52% | -1.47% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -9.16% | -9.35% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -9.37% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.22% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -1.84% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.39% | -0.02% |
Volatility
FLTB vs. SCHJ - Volatility Comparison
Fidelity Limited Term Bond ETF (FLTB) and Schwab 1-5 Year Corporate Bond ETF (SCHJ) have volatilities of 0.53% and 0.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTB | SCHJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.51% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 1.53% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.06% | 1.86% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.82% | 2.96% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.94% | 4.10% | -1.16% |
FLTB vs. SCHJ - Expense Ratio Comparison
FLTB has a 0.25% expense ratio, which is higher than SCHJ's 0.03% 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%.
Dividends
FLTB vs. SCHJ - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 4.41%, less than SCHJ's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 4.41% | 4.31% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.53% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLTB and SCHJ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTB has higher volatility (0.53%) compared to SCHJ (0.51%). In terms of maximum drawdown, FLTB dropped -9.37% vs SCHJ's -13.62%.
On 5-year performance, SCHJ leads with 2.32% vs 2.26% for FLTB. On fees, SCHJ is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHJ has performed better with a 2.32% return vs 2.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHJ is cheaper with a 0.03% expense ratio, compared with 0.25% for FLTB.
SCHJ has the higher dividend yield at 4.53%, compared with 4.41% for FLTB.
They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.25% for FLTB and 0.03% for SCHJ.
SCHJ currently has the higher Sharpe Ratio (1.68 vs 1.63), 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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