ICSH vs. FLDR
Compare and contrast key facts about iShares Ultra Short-Term Bond ETF (ICSH) and Fidelity Low Duration Bond Factor ETF (FLDR).
ICSH and FLDR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICSH or FLDR.
Key characteristics
| ICSH | FLDR | |
|---|---|---|
| YTD Return | 4.60% | 4.86% |
| 1Y Return | 6.10% | 7.11% |
| 3Y Return (Ann) | 3.69% | 3.61% |
| 5Y Return (Ann) | 2.66% | 2.59% |
| Sharpe Ratio | 14.30 | 6.76 |
| Sortino Ratio | 42.10 | 13.95 |
| Omega Ratio | 9.89 | 2.82 |
| Calmar Ratio | 88.79 | 26.66 |
| Martin Ratio | 615.32 | 111.28 |
| Ulcer Index | 0.01% | 0.06% |
| Daily Std Dev | 0.43% | 1.06% |
| Max Drawdown | -3.94% | -12.23% |
| Current Drawdown | 0.00% | -0.14% |
Correlation
The correlation between ICSH and FLDR is 0.31, 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.
Performance
ICSH vs. FLDR - Performance Comparison
In the year-to-date period, ICSH achieves a 4.60% return, which is significantly lower than FLDR's 4.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ICSH vs. FLDR - Expense Ratio Comparison
ICSH has a 0.08% 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%.
Risk-Adjusted Performance
ICSH vs. FLDR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short-Term Bond ETF (ICSH) 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.
Dividends
ICSH vs. FLDR - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 5.29%, less than FLDR's 5.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short-Term Bond ETF | 5.29% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% | 0.46% |
FLDR Fidelity Low Duration Bond Factor ETF | 5.60% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ICSH vs. FLDR - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, smaller than the maximum FLDR drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for ICSH and FLDR. For additional features, visit the drawdowns tool.
Volatility
ICSH vs. FLDR - Volatility Comparison
The current volatility for iShares Ultra Short-Term Bond ETF (ICSH) is 0.10%, while Fidelity Low Duration Bond Factor ETF (FLDR) has a volatility of 0.27%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.