FLTB vs. STOT
FLTB (Fidelity Limited Term Bond ETF) and STOT (State Street DoubleLine Short Duration Total Return Tactical ETF) are both Short-Term Bond funds. FLTB is actively managed, while STOT is passively managed. Over the past 10 years, FLTB returned 2.44%/yr vs 2.44%/yr for STOT. At a 0.42 correlation, their price movements are largely independent. FLTB charges 0.25%/yr vs 0.45%/yr for STOT.
Performance
FLTB vs. STOT - Performance Comparison
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Returns By Period
In the year-to-date period, FLTB achieves a 1.10% return, which is significantly lower than STOT's 1.22% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FLTB at 2.44% and STOT at 2.44%.
FLTB
- 1D
- 0.04%
- 1M
- 0.48%
- YTD
- 1.10%
- 6M
- 1.27%
- 1Y
- 4.10%
- 3Y*
- 5.64%
- 5Y*
- 2.35%
- 10Y*
- 2.44%
STOT
- 1D
- 0.07%
- 1M
- 0.34%
- YTD
- 1.22%
- 6M
- 1.36%
- 1Y
- 3.91%
- 3Y*
- 5.27%
- 5Y*
- 2.84%
- 10Y*
- 2.44%
FLTB vs. STOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 1.10% | 6.60% | 5.14% | 5.94% | -5.88% | -1.20% | 5.57% | 5.87% | 1.06% | 2.10% |
STOT State Street DoubleLine Short Duration Total Return Tactical ETF | 1.22% | 5.56% | 5.26% | 6.39% | -3.75% | 0.27% | 2.43% | 4.40% | 0.95% | 1.71% |
Correlation
The correlation between FLTB and STOT is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016 | 0.42 |
Over the past year, FLTB and STOT have become more correlated (0.62) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
FLTB vs. STOT — Risk / Return Rank
FLTB
STOT
FLTB vs. STOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and State Street DoubleLine Short Duration Total Return Tactical ETF (STOT). 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 | STOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.71 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 5.14 | -2.44 |
| Martin ratioReturn relative to average drawdown | 11.27 | 22.30 | -11.02 |
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Drawdowns
FLTB vs. STOT - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, which is greater than STOT's maximum drawdown of -6.07%. Use the drawdown chart below to compare losses from any high point for FLTB and STOT.
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Drawdown Indicators
| FLTB | STOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.37% | -6.07% | -3.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.52% | -0.76% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -1.52% | -0.76% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -9.26% | -6.07% | -3.19% |
Max Drawdown (10Y)Largest decline over 10 years | -9.37% | -6.07% | -3.30% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.39% | -0.83% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.18% | +0.18% |
Volatility
FLTB vs. STOT - Volatility Comparison
Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.59% compared to State Street DoubleLine Short Duration Total Return Tactical ETF (STOT) at 0.36%. This indicates that FLTB's price experiences larger fluctuations and is considered to be riskier than STOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTB | STOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.36% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 0.88% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.09% | 1.13% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.81% | 1.73% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.94% | 2.20% | +0.74% |
FLTB vs. STOT - Expense Ratio Comparison
FLTB has a 0.25% expense ratio, which is lower than STOT's 0.45% expense ratio.
Dividends
FLTB vs. STOT - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 4.35%, less than STOT's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 4.35% | 4.31% | 4.11% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% |
STOT State Street DoubleLine Short Duration Total Return Tactical ETF | 4.40% | 4.52% | 5.10% | 4.53% | 2.54% | 1.76% | 1.66% | 2.61% | 2.50% | 1.95% | 2.08% | 0.00% |
Frequently Asked Questions
FLTB and STOT have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTB has higher volatility (0.59%) compared to STOT (0.36%). In terms of maximum drawdown, FLTB dropped -9.37% vs STOT's -6.07%.
On 10-year performance, STOT leads with 2.44% vs 2.44% for FLTB. On fees, FLTB is cheaper at 0.25% per year. On volatility, STOT has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, STOT has performed better with a 2.44% 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 0.45% for STOT.
STOT has the higher dividend yield at 4.40%, compared with 4.35% for FLTB.
They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.25% for FLTB and 0.45% for STOT.
STOT currently has the higher Sharpe Ratio (3.49 vs 1.97), 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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