FSIG vs. FLTB
Compare and contrast key facts about First Trust Limited Duration Investment Grade Corporate ETF (FSIG) and Fidelity Limited Term Bond ETF (FLTB).
FSIG and FLTB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSIG is an actively managed fund by First Trust. It was launched on Nov 17, 2021. FLTB is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSIG or FLTB.
Key characteristics
| FSIG | FLTB | |
|---|---|---|
| YTD Return | 4.87% | 5.40% |
| 1Y Return | 9.27% | 9.39% |
| Sharpe Ratio | 2.94 | 3.51 |
| Daily Std Dev | 3.11% | 2.65% |
| Max Drawdown | -6.88% | -9.37% |
| Current Drawdown | -0.05% | -0.08% |
Correlation
The correlation between FSIG and FLTB is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FSIG vs. FLTB - Performance Comparison
In the year-to-date period, FSIG achieves a 4.87% return, which is significantly lower than FLTB's 5.40% 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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FSIG vs. FLTB - Expense Ratio Comparison
FSIG has a 0.55% expense ratio, which is higher than FLTB's 0.36% expense ratio.
Risk-Adjusted Performance
FSIG vs. FLTB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Limited Duration Investment Grade Corporate ETF (FSIG) and Fidelity Limited Term Bond ETF (FLTB). 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
FSIG vs. FLTB - Dividend Comparison
FSIG's dividend yield for the trailing twelve months is around 4.55%, more than FLTB's 3.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FSIG First Trust Limited Duration Investment Grade Corporate ETF | 4.55% | 4.42% | 2.48% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLTB Fidelity Limited Term Bond ETF | 3.79% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% | 0.35% |
Drawdowns
FSIG vs. FLTB - Drawdown Comparison
The maximum FSIG drawdown since its inception was -6.88%, smaller than the maximum FLTB drawdown of -9.37%. Use the drawdown chart below to compare losses from any high point for FSIG and FLTB. For additional features, visit the drawdowns tool.
Volatility
FSIG vs. FLTB - Volatility Comparison
The current volatility for First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is 0.48%, while Fidelity Limited Term Bond ETF (FLTB) has a volatility of 0.54%. This indicates that FSIG experiences smaller price fluctuations and is considered to be less risky than FLTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.