IBDR vs. FLDR
IBDR (iShares iBonds Dec 2026 Term Corporate ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both exchange-traded funds - IBDR is a Corporate Bonds fund tracking the Barclays December 2026 Maturity Corporate Index, while FLDR is a Short-Term Bond fund tracking the Fidelity Low Duration Investment Grade Factor Index. Both are passively managed. Over the past 5 years, IBDR returned 1.53%/yr vs 3.72%/yr for FLDR. At a 0.36 correlation, their price movements are largely independent. IBDR charges 0.10%/yr vs 0.15%/yr for FLDR.
Performance
IBDR vs. FLDR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IBDR having a 1.86% return and FLDR slightly lower at 1.79%.
IBDR
- 1D
- 0.00%
- 1M
- 0.25%
- 6M
- 1.82%
- YTD
- 1.86%
- 1Y
- 4.28%
- 3Y*
- 5.14%
- 5Y*
- 1.53%
- 10Y*
- —
FLDR
- 1D
- -0.06%
- 1M
- 0.21%
- 6M
- 1.74%
- YTD
- 1.79%
- 1Y
- 4.47%
- 3Y*
- 5.26%
- 5Y*
- 3.72%
- 10Y*
- —
IBDR vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.86% | 4.99% | 4.98% | 5.96% | -8.28% | -1.79% | 8.88% | 14.81% | 1.37% |
FLDR Fidelity Low Duration Bond Factor ETF | 1.79% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.84% |
Correlation
The correlation between IBDR and FLDR is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | 0.36 |
Over the past year, the correlation between IBDR and FLDR has dropped to 0.13 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
IBDR vs. FLDR — Risk / Return Rank
IBDR
FLDR
IBDR vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Corporate ETF (IBDR) 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.
| IBDR | FLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +5.10 | ||
| Omega ratioGain probability vs. loss probability | 3.35 | 2.60 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 52.00 | 9.60 | +42.40 |
| Martin ratioReturn relative to average drawdown | 181.33 | 65.30 | +116.03 |
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Drawdowns
IBDR vs. FLDR - Drawdown Comparison
The maximum IBDR drawdown since its inception was -16.06%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for IBDR and FLDR.
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Drawdown Indicators
| IBDR | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.06% | -12.23% | -3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -0.08% | -0.47% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -1.08% | -0.76% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -13.13% | -2.33% | -10.80% |
Current DrawdownCurrent decline from peak | -0.04% | -0.07% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -0.35% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.07% | -0.05% |
Volatility
IBDR vs. FLDR - Volatility Comparison
iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and Fidelity Low Duration Bond Factor ETF (FLDR) have volatilities of 0.21% and 0.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBDR | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 0.22% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.37% | 0.61% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.64% | 0.80% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.39% | 1.21% | +2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 5.23% | -0.39% |
IBDR vs. FLDR - Expense Ratio Comparison
IBDR 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
IBDR vs. FLDR - Dividend Comparison
IBDR's dividend yield for the trailing twelve months is around 4.11%, less than FLDR's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 4.33% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.11% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% |
Frequently Asked Questions
IBDR and FLDR have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLDR has higher volatility (0.22%) compared to IBDR (0.21%). In terms of maximum drawdown, IBDR dropped -16.06% vs FLDR's -12.23%.
On 5-year performance, FLDR leads with 3.72% vs 1.53% for IBDR. On fees, IBDR is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLDR has performed better with a 3.72% return vs 1.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDR is cheaper with a 0.10% expense ratio, compared with 0.15% for FLDR.
FLDR has the higher dividend yield at 4.33%, compared with 4.11% for IBDR.
IBDR is categorized as Corporate Bonds, while FLDR is Short-Term Bond. IBDR tracks Barclays December 2026 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 IBDR and 0.15% for FLDR.
IBDR currently has the higher Sharpe Ratio (6.78 vs 5.62), 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.
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