LQDB vs. FLDR
LQDB (iShares BBB Rated Corporate Bond ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both Corporate Bonds funds - LQDB tracks the iBoxx USD Liquid Investment Grade BBB 0+ Index while FLDR tracks the Fidelity Low Duration Investment Grade Factor Index. Both are passively managed. Over the past 5 years, LQDB returned 0.84%/yr vs 3.70%/yr for FLDR. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
LQDB vs. FLDR - Performance Comparison
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Returns By Period
In the year-to-date period, LQDB achieves a 0.77% return, which is significantly lower than FLDR's 1.44% return.
LQDB
- 1D
- -0.18%
- 1M
- 0.58%
- YTD
- 0.77%
- 6M
- 0.56%
- 1Y
- 5.96%
- 3Y*
- 5.59%
- 5Y*
- 0.84%
- 10Y*
- —
FLDR
- 1D
- -0.02%
- 1M
- 0.41%
- YTD
- 1.44%
- 6M
- 1.76%
- 1Y
- 4.76%
- 3Y*
- 5.36%
- 5Y*
- 3.70%
- 10Y*
- —
LQDB vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LQDB iShares BBB Rated Corporate Bond ETF | 0.77% | 7.50% | 2.37% | 9.60% | -15.51% | 2.35% |
FLDR Fidelity Low Duration Bond Factor ETF | 1.44% | 5.41% | 5.71% | 6.32% | -0.33% | 0.15% |
Correlation
The correlation between LQDB and FLDR is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since May 21, 2021 | 0.58 |
The correlation between LQDB and FLDR shifts across timeframes, from 0.58 (all time) to 0.69 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LQDB vs. FLDR — Risk / Return Rank
LQDB
FLDR
LQDB vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BBB Rated Corporate Bond ETF (LQDB) 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.
| LQDB | FLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.48 | ||
| Sortino ratioReturn per unit of downside risk | -7.90 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 2.75 | -1.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 10.24 | -8.00 |
| Martin ratioReturn relative to average drawdown | 6.94 | 70.25 | -63.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LQDB | FLDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 5.95 | -4.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 3.07 | -2.95 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.62 | -0.47 |
Drawdowns
LQDB vs. FLDR - Drawdown Comparison
The maximum LQDB drawdown since its inception was -21.63%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for LQDB and FLDR.
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Drawdown Indicators
| LQDB | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -12.23% | -9.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -0.47% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -5.90% | -0.76% | -5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -2.33% | -19.30% |
Current DrawdownCurrent decline from peak | -0.83% | -0.02% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -0.35% | -7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.07% | +0.79% |
Volatility
LQDB vs. FLDR - Volatility Comparison
iShares BBB Rated Corporate Bond ETF (LQDB) has a higher volatility of 1.31% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.19%. This indicates that LQDB'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
| LQDB | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.19% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 0.58% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 0.80% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.87% | 1.21% | +5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.85% | 5.26% | +1.59% |
LQDB vs. FLDR - Expense Ratio Comparison
Both LQDB and FLDR have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LQDB vs. FLDR - Dividend Comparison
LQDB's dividend yield for the trailing twelve months is around 4.70%, more than FLDR's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 4.43% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% |
LQDB iShares BBB Rated Corporate Bond ETF | 4.70% | 4.65% | 4.46% | 3.90% | 4.14% | 1.32% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LQDB and FLDR have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQDB has higher volatility (1.31%) compared to FLDR (0.19%). In terms of maximum drawdown, LQDB dropped -21.63% vs FLDR's -12.23%.
On 5-year performance, FLDR leads with 3.70% vs 0.84% for LQDB. Both ETFs have the same 0.15% expense ratio. On volatility, FLDR has been the lower-risk option at 0.19%. 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 3.70% return vs 0.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDB and FLDR have the same expense ratio: 0.15% per year.
LQDB has the higher dividend yield at 4.70%, compared with 4.43% for FLDR.
LQDB tracks iBoxx USD Liquid Investment Grade BBB 0+ Index , while FLDR tracks Fidelity Low Duration Investment Grade Factor Index. They also come from different issuers: iShares and Fidelity.
FLDR currently has the higher Sharpe Ratio (5.95 vs 1.47), 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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