FSHNX vs. FLDR
Compare and contrast key facts about Fidelity Series High Income Fund (FSHNX) and Fidelity Low Duration Bond Factor ETF (FLDR).
FSHNX is managed by Fidelity. It was launched on Mar 10, 2011. FLDR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Low Duration Investment Grade Factor Index. It was launched on Jun 12, 2018.
Performance
FSHNX vs. FLDR - Performance Comparison
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FSHNX vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | -0.85% | 11.17% | 8.75% | 11.25% | -11.52% | 6.05% | 4.57% | 15.20% | -3.48% |
FLDR Fidelity Low Duration Bond Factor ETF | 0.65% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.94% |
Returns By Period
In the year-to-date period, FSHNX achieves a -0.85% return, which is significantly lower than FLDR's 0.65% return.
FSHNX
- 1D
- 0.00%
- 1M
- -2.13%
- YTD
- -0.85%
- 6M
- 1.07%
- 1Y
- 9.23%
- 3Y*
- 9.00%
- 5Y*
- 4.58%
- 10Y*
- 6.22%
FLDR
- 1D
- 0.12%
- 1M
- -0.15%
- YTD
- 0.65%
- 6M
- 1.86%
- 1Y
- 4.49%
- 3Y*
- 5.52%
- 5Y*
- 3.58%
- 10Y*
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FSHNX vs. FLDR - Expense Ratio Comparison
FSHNX has a 0.00% expense ratio, which is lower than FLDR's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FSHNX vs. FLDR — Risk / Return Rank
FSHNX
FLDR
FSHNX vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series High Income Fund (FSHNX) and Fidelity Low Duration Bond Factor ETF (FLDR). 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.
| FSHNX | FLDR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.40 | 4.59 | -2.18 |
Sortino ratioReturn per unit of downside risk | 3.54 | 6.89 | -3.36 |
Omega ratioGain probability vs. loss probability | 1.59 | 2.22 | -0.62 |
Calmar ratioReturn relative to maximum drawdown | 2.82 | 5.98 | -3.16 |
Martin ratioReturn relative to average drawdown | 13.13 | 31.24 | -18.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSHNX | FLDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 4.59 | -2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 2.98 | -2.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.60 | +0.36 |
Correlation
The correlation between FSHNX and FLDR is 0.17, 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.
Dividends
FSHNX vs. FLDR - Dividend Comparison
FSHNX's dividend yield for the trailing twelve months is around 6.57%, more than FLDR's 4.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | 6.57% | 7.04% | 5.97% | 6.21% | 4.90% | 5.01% | 5.57% | 6.35% | 6.95% | 6.03% | 6.24% | 5.79% |
FLDR Fidelity Low Duration Bond Factor ETF | 4.54% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSHNX vs. FLDR - Drawdown Comparison
The maximum FSHNX drawdown since its inception was -21.98%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for FSHNX and FLDR.
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Drawdown Indicators
| FSHNX | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.98% | -12.23% | -9.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -0.76% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -2.33% | -12.99% |
Max Drawdown (10Y)Largest decline over 10 years | -21.98% | — | — |
Current DrawdownCurrent decline from peak | -2.13% | -0.15% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -0.36% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.14% | +0.56% |
Volatility
FSHNX vs. FLDR - Volatility Comparison
Fidelity Series High Income Fund (FSHNX) has a higher volatility of 1.23% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.42%. This indicates that FSHNX's price experiences larger fluctuations and is considered to be riskier than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSHNX | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.42% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.26% | 0.56% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 0.98% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 1.21% | +4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 5.32% | +0.51% |