FTBD vs. SPAXX
Compare and contrast key facts about Fidelity Tactical Bond ETF (FTBD) and Fidelity Government Money Market Fund (SPAXX).
FTBD is an actively managed fund by Fidelity. It was launched on Jan 24, 2023. SPAXX is managed by Fidelity. It was launched on Feb 5, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTBD or SPAXX.
Key characteristics
| FTBD | SPAXX | |
|---|---|---|
| YTD Return | 2.12% | 0.86% |
| 1Y Return | 8.81% | 1.27% |
| Sharpe Ratio | 1.46 | 2.27 |
| Ulcer Index | 1.50% | 0.00% |
| Daily Std Dev | 6.33% | 0.79% |
| Max Drawdown | -6.98% | 0.00% |
| Current Drawdown | -3.67% | 0.00% |
Correlation
The correlation between FTBD and SPAXX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FTBD vs. SPAXX - Performance Comparison
In the year-to-date period, FTBD achieves a 2.12% return, which is significantly higher than SPAXX's 0.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FTBD vs. SPAXX - Expense Ratio Comparison
Risk-Adjusted Performance
FTBD vs. SPAXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) and Fidelity Government Money Market Fund (SPAXX). 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
FTBD vs. SPAXX - Dividend Comparison
FTBD's dividend yield for the trailing twelve months is around 4.93%, which matches SPAXX's 4.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 4.93% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPAXX Fidelity Government Money Market Fund | 4.93% | 4.68% | 1.30% | 0.01% | 0.26% | 0.98% | 0.00% | 0.00% |
Drawdowns
FTBD vs. SPAXX - Drawdown Comparison
The maximum FTBD drawdown since its inception was -6.98%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FTBD and SPAXX. For additional features, visit the drawdowns tool.
Volatility
FTBD vs. SPAXX - Volatility Comparison
Fidelity Tactical Bond ETF (FTBD) has a higher volatility of 1.51% compared to Fidelity Government Money Market Fund (SPAXX) at 0.00%. This indicates that FTBD's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.