IBDX vs. FLDR
IBDX (iShares iBonds Dec 2032 Term Corporate ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both exchange-traded funds - IBDX is a Corporate Bonds fund tracking the Bloomberg December 2032 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 3 years, IBDX returned 5.53%/yr vs 5.29%/yr for FLDR. A 0.64 correlation means they provide meaningful diversification when combined. IBDX charges 0.10%/yr vs 0.15%/yr for FLDR.
Performance
IBDX vs. FLDR - Performance Comparison
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Returns By Period
In the year-to-date period, IBDX achieves a 0.34% return, which is significantly lower than FLDR's 1.95% return.
IBDX
- 1D
- -0.02%
- 1M
- 0.38%
- 6M
- 0.38%
- YTD
- 0.34%
- 1Y
- 4.76%
- 3Y*
- 5.53%
- 5Y*
- —
- 10Y*
- —
FLDR
- 1D
- 0.12%
- 1M
- 0.35%
- 6M
- 1.87%
- YTD
- 1.95%
- 1Y
- 4.56%
- 3Y*
- 5.29%
- 5Y*
- 3.75%
- 10Y*
- —
IBDX vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 0.34% | 9.05% | 2.39% | 9.42% | -1.92% |
FLDR Fidelity Low Duration Bond Factor ETF | 1.95% | 5.41% | 5.71% | 6.32% | 1.56% |
Correlation
The correlation between IBDX and FLDR is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.64 |
The correlation between IBDX and FLDR has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
IBDX vs. FLDR — Risk / Return Rank
IBDX
FLDR
IBDX vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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.
| IBDX | FLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.46 | ||
| Sortino ratioReturn per unit of downside risk | -7.70 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 2.65 | -1.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 9.81 | -8.07 |
| Martin ratioReturn relative to average drawdown | 5.00 | 66.61 | -61.60 |
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Drawdowns
IBDX vs. FLDR - Drawdown Comparison
The maximum IBDX drawdown since its inception was -12.51%, roughly equal to the maximum FLDR drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for IBDX and FLDR.
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Drawdown Indicators
| IBDX | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.51% | -12.23% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -0.47% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -7.09% | -0.76% | -6.33% |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.33% | — |
Current DrawdownCurrent decline from peak | -1.25% | 0.00% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -0.35% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.07% | +0.88% |
Volatility
IBDX vs. FLDR - Volatility Comparison
iShares iBonds Dec 2032 Term Corporate ETF (IBDX) has a higher volatility of 1.21% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.23%. This indicates that IBDX'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.
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Volatility by Period
| IBDX | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.23% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 0.62% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 0.80% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.38% | 1.21% | +6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.38% | 5.23% | +2.15% |
IBDX vs. FLDR - Expense Ratio Comparison
IBDX 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
IBDX vs. FLDR - Dividend Comparison
IBDX's dividend yield for the trailing twelve months is around 4.83%, more than FLDR's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 4.32% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% |
IBDX iShares iBonds Dec 2032 Term Corporate ETF | 4.83% | 4.81% | 5.02% | 4.59% | 2.39% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBDX and FLDR have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDX has higher volatility (1.21%) compared to FLDR (0.23%). In terms of maximum drawdown, IBDX dropped -12.51% vs FLDR's -12.23%.
On 3-year performance, IBDX leads with 5.53% vs 5.29% for FLDR. On fees, IBDX is cheaper at 0.10% per year. On volatility, FLDR has been the lower-risk option at 0.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IBDX has performed better with a 5.53% return vs 5.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDX is cheaper with a 0.10% expense ratio, compared with 0.15% for FLDR.
IBDX has the higher dividend yield at 4.83%, compared with 4.32% for FLDR.
IBDX is categorized as Corporate Bonds, while FLDR is Short-Term Bond. IBDX tracks Bloomberg December 2032 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 IBDX and 0.15% for FLDR.
FLDR currently has the higher Sharpe Ratio (5.70 vs 1.24), 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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