IBDO vs. FLDR

Last updated Apr 1, 2026

Compare and contrast key facts about iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and Fidelity Low Duration Bond Factor ETF (FLDR).

IBDO and FLDR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDO is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2023 Maturity Corporate Index. It was launched on Mar 12, 2015. 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. Both IBDO and FLDR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IBDO vs. FLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and Fidelity Low Duration Bond Factor ETF (FLDR). The values are adjusted to include any dividend payments, if applicable.

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%	1.58%
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

IBDO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLDR

• 1D: 0.12%
• 1M: -0.15%
• YTD: 0.65%
• 6M: 1.86%
• 1Y: 4.49%
• 3Y*: 5.52%
• 5Y*: 3.58%
• 10Y*: —

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

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%.

FLDR

Fidelity Low Duration Bond Factor ETF

IBDO

iShares iBonds Dec 2023 Term Corporate ETF

Return for Risk

IBDO vs. FLDR — Risk / Return Rank

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

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: 98
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.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBDO	FLDR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.59	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.60	—

Correlation

The correlation between IBDO 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

IBDO vs. FLDR - Dividend Comparison

IBDO has not paid dividends to shareholders, while FLDR's dividend yield for the trailing twelve months is around 4.54%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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

Drawdown Indicators

	IBDO	FLDR	Difference
Max Drawdown Largest peak-to-trough decline	—	-12.23%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-2.33%	—
Current Drawdown Current decline from peak	—	-0.15%	—
Average Drawdown Average peak-to-trough decline	—	-0.36%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.14%	—

Volatility

Volatility by Period

	IBDO	FLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.98%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	1.21%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	5.32%	—