IBDO vs. FLDR
IBDO (iShares iBonds Dec 2023 Term Corporate ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both exchange-traded funds - IBDO is a Corporate Bonds fund tracking the Bloomberg December 2023 Maturity Corporate Index, while FLDR is a Short-Term Bond fund tracking the Fidelity Low Duration Investment Grade Factor Index. Both are passively managed. At a 0.16 correlation, their price movements are largely independent. IBDO charges 0.10%/yr vs 0.15%/yr for FLDR.
Performance
IBDO vs. FLDR - Performance Comparison
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Returns By Period
IBDO
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLDR
- 1D
- 0.02%
- 1M
- 0.49%
- YTD
- 1.72%
- 6M
- 1.84%
- 1Y
- 4.58%
- 3Y*
- 5.34%
- 5Y*
- 3.74%
- 10Y*
- —
IBDO vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.00% | 0.00% | 0.00% | 4.93% | -0.68% | -0.29% | 5.37% | 8.94% | 1.74% |
FLDR Fidelity Low Duration Bond Factor ETF | 1.72% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.84% |
Correlation
The correlation between IBDO and FLDR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | 0.16 |
The correlation between IBDO and FLDR shifts across timeframes, from 0.03 (3 years) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBDO vs. FLDR — Risk / Return Rank
IBDO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLDR
IBDO vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) 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.
| IBDO | FLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.63 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.83 | — |
| Martin ratioReturn relative to average drawdown | — | 67.02 | — |
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Drawdowns
IBDO vs. FLDR - Drawdown Comparison
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Drawdown Indicators
| IBDO | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -12.23% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.33% | — |
Current DrawdownCurrent decline from peak | — | 0.00% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.35% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.07% | — |
Volatility
IBDO vs. FLDR - Volatility Comparison
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Volatility by Period
| IBDO | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 0.81% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 1.21% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 5.25% | — |
IBDO vs. FLDR - Expense Ratio Comparison
IBDO has a 0.10% 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
IBDO vs. FLDR - Dividend Comparison
IBDO has not paid dividends to shareholders, while FLDR's dividend yield for the trailing twelve months is around 4.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 4.41% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% |
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.00% | 0.00% | 0.00% | 3.61% | 1.85% | 2.04% | 2.47% | 3.01% | 3.10% | 2.96% | 3.01% | 2.39% |
Frequently Asked Questions
IBDO and FLDR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBDO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBDO is cheaper with a 0.10% expense ratio, compared with 0.15% for FLDR.
FLDR has the higher dividend yield at 4.41%, compared with 0.00% for IBDO.
IBDO is categorized as Corporate Bonds, while FLDR is Short-Term Bond. IBDO tracks Bloomberg December 2023 Maturity Corporate Index, while FLDR tracks Fidelity Low Duration Investment Grade Factor Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.10% for IBDO and 0.15% for FLDR.
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