FLTB vs. SPY
Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and SPDR S&P 500 ETF (SPY).
FLTB and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTB or SPY.
Key characteristics
| FLTB | SPY | |
|---|---|---|
| YTD Return | 4.87% | 27.16% |
| 1Y Return | 8.33% | 37.73% |
| 3Y Return (Ann) | 1.51% | 10.28% |
| 5Y Return (Ann) | 1.84% | 15.97% |
| 10Y Return (Ann) | 2.08% | 13.38% |
| Sharpe Ratio | 3.35 | 3.25 |
| Sortino Ratio | 5.58 | 4.32 |
| Omega Ratio | 1.71 | 1.61 |
| Calmar Ratio | 1.77 | 4.74 |
| Martin Ratio | 20.88 | 21.51 |
| Ulcer Index | 0.40% | 1.85% |
| Daily Std Dev | 2.50% | 12.20% |
| Max Drawdown | -9.37% | -55.19% |
| Current Drawdown | -0.74% | 0.00% |
Correlation
The correlation between FLTB and SPY is 0.06, 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. SPY - Performance Comparison
In the year-to-date period, FLTB achieves a 4.87% return, which is significantly lower than SPY's 27.16% return. Over the past 10 years, FLTB has underperformed SPY with an annualized return of 2.08%, while SPY has yielded a comparatively higher 13.38% 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. SPY - Expense Ratio Comparison
FLTB has a 0.36% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FLTB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 3.95%, more than SPY's 1.17% 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% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FLTB vs. SPY - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLTB and SPY. For additional features, visit the drawdowns tool.
Volatility
FLTB vs. SPY - Volatility Comparison
The current volatility for Fidelity Limited Term Bond ETF (FLTB) is 0.43%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.92%. This indicates that FLTB experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.