QLTA vs. FBND
Compare and contrast key facts about iShares Aaa - A Rated Corporate Bond ETF (QLTA) and Fidelity Total Bond ETF (FBND).
QLTA and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLTA is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Corporate Aaa - A Capped Index. It was launched on Feb 14, 2012. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
QLTA vs. FBND - Performance Comparison
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QLTA vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | -0.32% | 7.36% | 1.23% | 7.60% | -15.14% | -2.32% | 9.62% | 12.54% | -2.27% | 5.69% |
FBND Fidelity Total Bond ETF | 0.14% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 9.41% | 9.82% | -0.57% | 3.52% |
Returns By Period
In the year-to-date period, QLTA achieves a -0.32% return, which is significantly lower than FBND's 0.14% return. Over the past 10 years, QLTA has underperformed FBND with an annualized return of 2.09%, while FBND has yielded a comparatively higher 2.79% annualized return.
QLTA
- 1D
- 0.51%
- 1M
- -1.78%
- YTD
- -0.32%
- 6M
- 0.33%
- 1Y
- 4.58%
- 3Y*
- 3.95%
- 5Y*
- 0.23%
- 10Y*
- 2.09%
FBND
- 1D
- 0.31%
- 1M
- -1.78%
- YTD
- 0.14%
- 6M
- 1.01%
- 1Y
- 4.73%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.79%
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QLTA vs. FBND - Expense Ratio Comparison
QLTA has a 0.15% expense ratio, which is lower than FBND's 0.36% expense ratio.
Return for Risk
QLTA vs. FBND — Risk / Return Rank
QLTA
FBND
QLTA vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Aaa - A Rated Corporate Bond ETF (QLTA) and Fidelity Total Bond ETF (FBND). 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.
| QLTA | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.07 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.50 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.82 | -0.13 |
Martin ratioReturn relative to average drawdown | 5.04 | 5.71 | -0.67 |
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
| QLTA | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.07 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.17 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.46 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.44 | -0.05 |
Correlation
The correlation between QLTA and FBND is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
QLTA vs. FBND - Dividend Comparison
QLTA's dividend yield for the trailing twelve months is around 4.38%, less than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | 4.38% | 4.33% | 4.11% | 3.39% | 2.79% | 1.96% | 2.31% | 2.99% | 3.09% | 2.67% | 2.59% | 2.99% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
QLTA vs. FBND - Drawdown Comparison
The maximum QLTA drawdown since its inception was -22.27%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for QLTA and FBND.
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Drawdown Indicators
| QLTA | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.27% | -17.25% | -5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.79% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.36% | -17.25% | -4.11% |
Max Drawdown (10Y)Largest decline over 10 years | -22.27% | -17.25% | -5.02% |
Current DrawdownCurrent decline from peak | -4.02% | -1.78% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -3.38% | -1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.89% | +0.06% |
Volatility
QLTA vs. FBND - Volatility Comparison
iShares Aaa - A Rated Corporate Bond ETF (QLTA) has a higher volatility of 2.20% compared to Fidelity Total Bond ETF (FBND) at 1.66%. This indicates that QLTA's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QLTA | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 1.66% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 2.62% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.33% | 4.45% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 5.90% | +1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.02% | 6.09% | +0.93% |