FSKAX vs. FLDR

Last updated Jun 13, 2026

FSKAX (Fidelity Total Market Index Fund) and FLDR (Fidelity Low Duration Bond Factor ETF) are both funds - FSKAX is a Large Cap Blend Equities fund managed by Fidelity, while FLDR is a Corporate Bonds fund tracking the Fidelity Low Duration Investment Grade Factor Index. Over the past 5 years, FSKAX returned 12.13%/yr vs 3.70%/yr for FLDR. At a 0.04 correlation, their price movements are largely independent. FSKAX charges 0.01%/yr vs 0.15%/yr for FLDR.

Performance

FSKAX vs. FLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Total Market Index Fund (FSKAX) and Fidelity Low Duration Bond Factor ETF (FLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSKAX achieves a 9.19% return, which is significantly higher than FLDR's 1.58% return.

FSKAX

• 1D: 1.89%
• 1M: -0.76%
• YTD: 9.19%
• 6M: 9.26%
• 1Y: 25.69%
• 3Y*: 20.78%
• 5Y*: 12.13%
• 10Y*: 14.91%

FLDR

• 1D: 0.06%
• 1M: 0.43%
• YTD: 1.58%
• 6M: 1.88%
• 1Y: 4.76%
• 3Y*: 5.36%
• 5Y*: 3.70%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSKAX vs. FLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FSKAX Fidelity Total Market Index Fund	9.19%	17.06%	23.89%	26.12%	-19.53%	25.66%	20.79%	30.92%	-10.12%
FLDR Fidelity Low Duration Bond Factor ETF	1.58%	5.41%	5.71%	6.32%	-0.33%	-0.18%	2.01%	4.52%	0.84%

Correlation

The correlation between FSKAX and FLDR is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018	0.04

The correlation between FSKAX and FLDR shifts across timeframes, from 0.04 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FSKAX vs. FLDR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSKAX

FSKAX Risk / Return Rank: 72
FSKAX Sharpe Ratio Rank: 70
FSKAX Sortino Ratio Rank: 66
FSKAX Omega Ratio Rank: 66
FSKAX Calmar Ratio Rank: 74
FSKAX Martin Ratio Rank: 83

FLDR

FLDR Risk / Return Rank: 98
FLDR Sharpe Ratio Rank: 99
FLDR Sortino Ratio Rank: 99
FLDR Omega Ratio Rank: 99
FLDR Calmar Ratio Rank: 97
FLDR Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSKAX vs. FLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Market Index Fund (FSKAX) 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.

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.

	FSKAX	FLDR	Difference
Sharpe ratio: Return per unit of total volatility	1.93	5.90	-3.97
Sortino ratio: Return per unit of downside risk	2.63	9.99	-7.36
Omega ratio: Gain probability vs. loss probability	1.35	2.73	-1.38
Calmar ratio: Return relative to maximum drawdown	2.77	10.19	-7.42
Martin ratio: Return relative to average drawdown	12.40	69.63	-57.23

FSKAX vs. FLDR - Sharpe Ratio Comparison

The current FSKAX Sharpe Ratio is 1.93, which is lower than the FLDR Sharpe Ratio of 5.90. The chart below compares the historical Sharpe Ratios of FSKAX and FLDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSKAX vs. FLDR - Drawdown Comparison

The maximum FSKAX drawdown since its inception was -35.01%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for FSKAX and FLDR.

Drawdown Indicators

	FSKAX	FLDR	Difference
Max Drawdown Largest peak-to-trough decline	-35.01%	-12.23%	-22.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-0.47%	-8.45%
Max Drawdown (3Y) Largest decline over 3 years	-19.43%	-0.76%	-18.67%
Max Drawdown (5Y) Largest decline over 5 years	-25.39%	-2.33%	-23.06%
Max Drawdown (10Y) Largest decline over 10 years	-35.01%	—	—
Current Drawdown Current decline from peak	-2.58%	0.00%	-2.58%
Average Drawdown Average peak-to-trough decline	-4.01%	-0.35%	-3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	0.07%	+1.92%

Volatility

FSKAX vs. FLDR - Volatility Comparison

Fidelity Total Market Index Fund (FSKAX) has a higher volatility of 4.64% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.20%. This indicates that FSKAX'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.

Volatility by Period

	FSKAX	FLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	0.20%	+4.44%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	0.59%	+9.40%
Volatility (1Y) Calculated over the trailing 1-year period	12.79%	0.81%	+11.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	1.21%	+16.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.49%	5.25%	+13.24%

FSKAX vs. FLDR - Expense Ratio Comparison

FSKAX has a 0.02% 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%.

Dividends

FSKAX vs. FLDR - Dividend Comparison

FSKAX's dividend yield for the trailing twelve months is around 0.96%, less than FLDR's 4.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLDR Fidelity Low Duration Bond Factor ETF	4.42%	4.66%	5.50%	5.28%	2.09%	0.51%	1.22%	2.69%	1.38%	0.00%	0.00%	0.00%
FSKAX Fidelity Total Market Index Fund	0.96%	1.01%	1.19%	1.41%	1.62%	1.15%	1.45%	1.94%	2.54%	2.07%	2.43%	0.82%

Frequently Asked Questions

Can I hold both FSKAX and FLDR in my portfolio?

FSKAX and FLDR have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSKAX or FLDR?

FSKAX has higher volatility (4.64%) compared to FLDR (0.20%). In terms of maximum drawdown, FSKAX dropped -35.01% vs FLDR's -12.23%.

Which has better risk-adjusted returns?

FLDR currently has the higher Sharpe Ratio (5.90 vs 1.93), 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.