FLTB vs. SHY
Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and iShares 1-3 Year Treasury Bond ETF (SHY).
FLTB and SHY 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. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTB or SHY.
Key characteristics
| FLTB | SHY | |
|---|---|---|
| YTD Return | 4.87% | 3.27% |
| 1Y Return | 8.33% | 5.24% |
| 3Y Return (Ann) | 1.51% | 1.06% |
| 5Y Return (Ann) | 1.84% | 1.19% |
| 10Y Return (Ann) | 2.08% | 1.18% |
| Sharpe Ratio | 3.35 | 2.76 |
| Sortino Ratio | 5.58 | 4.46 |
| Omega Ratio | 1.71 | 1.58 |
| Calmar Ratio | 1.77 | 2.09 |
| Martin Ratio | 20.88 | 15.04 |
| Ulcer Index | 0.40% | 0.35% |
| Daily Std Dev | 2.50% | 1.92% |
| Max Drawdown | -9.37% | -5.71% |
| Current Drawdown | -0.74% | -0.87% |
Correlation
The correlation between FLTB and SHY is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FLTB vs. SHY - Performance Comparison
In the year-to-date period, FLTB achieves a 4.87% return, which is significantly higher than SHY's 3.27% return. Over the past 10 years, FLTB has outperformed SHY with an annualized return of 2.08%, while SHY has yielded a comparatively lower 1.18% annualized return. 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. SHY - Expense Ratio Comparison
FLTB has a 0.36% expense ratio, which is higher than SHY's 0.15% expense ratio.
Risk-Adjusted Performance
FLTB vs. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and iShares 1-3 Year Treasury Bond ETF (SHY). 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. SHY - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 3.95%, more than SHY's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.86% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
Drawdowns
FLTB vs. SHY - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for FLTB and SHY. For additional features, visit the drawdowns tool.
Volatility
FLTB vs. SHY - Volatility Comparison
Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.43% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.36%. This indicates that FLTB's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.