LCTRX vs. FTBFX
LCTRX (Leader Capital High Quality Floating Rate Fund Investor Shares) and FTBFX (Fidelity Total Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, LCTRX returned 4.85%/yr vs 2.46%/yr for FTBFX. At a 0.20 correlation, their price movements are largely independent. LCTRX charges 2.33%/yr vs 0.45%/yr for FTBFX.
Performance
LCTRX vs. FTBFX - Performance Comparison
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Returns By Period
In the year-to-date period, LCTRX achieves a 2.05% return, which is significantly higher than FTBFX's 0.57% return. Over the past 10 years, LCTRX has outperformed FTBFX with an annualized return of 4.85%, while FTBFX has yielded a comparatively lower 2.46% annualized return.
LCTRX
- 1D
- 0.09%
- 1M
- 0.97%
- YTD
- 2.05%
- 6M
- 2.43%
- 1Y
- 5.22%
- 3Y*
- 5.93%
- 5Y*
- 4.94%
- 10Y*
- 4.85%
FTBFX
- 1D
- 0.21%
- 1M
- 0.89%
- YTD
- 0.57%
- 6M
- 0.92%
- 1Y
- 5.08%
- 3Y*
- 4.76%
- 5Y*
- 0.58%
- 10Y*
- 2.46%
LCTRX vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCTRX Leader Capital High Quality Floating Rate Fund Investor Shares | 2.05% | 4.72% | 6.03% | 8.26% | 2.22% | 1.99% | 12.07% | 1.15% | 6.01% | 4.28% |
FTBFX Fidelity Total Bond Fund | 0.57% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
Correlation
The correlation between LCTRX and FTBFX is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2010 | 0.20 |
Over the past year, LCTRX and FTBFX have become more correlated (0.53) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
LCTRX vs. FTBFX — Risk / Return Rank
LCTRX
FTBFX
LCTRX vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX) and Fidelity Total Bond Fund (FTBFX). 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.
| LCTRX | FTBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.94 | 1.24 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 4.46 | 1.76 | +2.70 |
| Martin ratioReturn relative to average drawdown | 18.63 | 5.10 | +13.52 |
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Drawdowns
LCTRX vs. FTBFX - Drawdown Comparison
The maximum LCTRX drawdown since its inception was -26.09%, which is greater than FTBFX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for LCTRX and FTBFX.
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Drawdown Indicators
| LCTRX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.09% | -18.25% | -7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -2.89% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -1.33% | -5.82% | +4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -3.82% | -18.25% | +14.43% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | -18.25% | -5.68% |
Current DrawdownCurrent decline from peak | 0.00% | -1.31% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -2.32% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 1.00% | -0.72% |
Volatility
LCTRX vs. FTBFX - Volatility Comparison
The current volatility for Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX) is 0.61%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.21%. This indicates that LCTRX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCTRX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.21% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 2.88% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.95% | 3.80% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.26% | 5.67% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 4.73% | +1.57% |
LCTRX vs. FTBFX - Expense Ratio Comparison
LCTRX has a 2.33% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Dividends
LCTRX vs. FTBFX - Dividend Comparison
LCTRX's dividend yield for the trailing twelve months is around 5.26%, more than FTBFX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTBFX Fidelity Total Bond Fund | 4.36% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
LCTRX Leader Capital High Quality Floating Rate Fund Investor Shares | 5.26% | 5.53% | 5.57% | 5.31% | 2.18% | 1.69% | 1.17% | 2.40% | 3.31% | 2.09% | 0.00% | 0.00% |
Frequently Asked Questions
LCTRX and FTBFX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTBFX has higher volatility (1.21%) compared to LCTRX (0.61%). In terms of maximum drawdown, LCTRX dropped -26.09% vs FTBFX's -18.25%.
LCTRX currently has the higher Sharpe Ratio (2.69 vs 1.34), 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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