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

Performance

FLTB vs. SHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Limited Term Bond ETF (FLTB) and iShares 1-3 Year Treasury Bond ETF (SHY). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.62%
2.83%
FLTB
SHY

Returns By Period

In the year-to-date period, FLTB achieves a 4.50% 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 2.03%, while SHY has yielded a comparatively lower 1.17% annualized return.


FLTB

YTD

4.50%

1M

-0.28%

6M

3.62%

1Y

7.03%

5Y (annualized)

1.72%

10Y (annualized)

2.03%

SHY

YTD

3.27%

1M

-0.14%

6M

2.83%

1Y

4.79%

5Y (annualized)

1.17%

10Y (annualized)

1.17%

Key characteristics


FLTBSHY
Sharpe Ratio2.902.56
Sortino Ratio4.654.07
Omega Ratio1.581.52
Calmar Ratio1.782.21
Martin Ratio15.9512.40
Ulcer Index0.44%0.39%
Daily Std Dev2.42%1.87%
Max Drawdown-9.37%-5.71%
Current Drawdown-1.09%-0.87%

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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.


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 SHY: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Correlation

-0.50.00.51.00.6

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.

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.


Sharpe ratio
The chart of Sharpe ratio for FLTB, currently valued at 2.90, compared to the broader market0.002.004.002.902.56
The chart of Sortino ratio for FLTB, currently valued at 4.65, compared to the broader market-2.000.002.004.006.008.0010.0012.004.654.07
The chart of Omega ratio for FLTB, currently valued at 1.58, compared to the broader market0.501.001.502.002.503.001.581.52
The chart of Calmar ratio for FLTB, currently valued at 1.78, compared to the broader market0.005.0010.0015.0020.001.782.21
The chart of Martin ratio for FLTB, currently valued at 15.95, compared to the broader market0.0020.0040.0060.0080.00100.0015.9512.40
FLTB
SHY

The current FLTB Sharpe Ratio is 2.90, which is comparable to the SHY Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of FLTB and SHY, 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 Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
2.90
2.56
FLTB
SHY

Dividends

FLTB vs. SHY - Dividend Comparison

FLTB's dividend yield for the trailing twelve months is around 3.96%, more than SHY's 3.86% yield.


TTM20232022202120202019201820172016201520142013
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%
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.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.09%
-0.87%
FLTB
SHY

Volatility

FLTB vs. SHY - Volatility Comparison

Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.49% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.39%. 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.


0.30%0.40%0.50%0.60%0.70%0.80%0.90%JuneJulyAugustSeptemberOctoberNovember
0.49%
0.39%
FLTB
SHY