QLTA vs. FLDR
QLTA (iShares Aaa - A Rated Corporate Bond ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both Corporate Bonds funds - QLTA tracks the Bloomberg U.S. Corporate Aaa - A Capped Index while FLDR tracks the Fidelity Low Duration Investment Grade Factor Index. Both are passively managed. Over the past 5 years, QLTA returned 0.10%/yr vs 3.70%/yr for FLDR. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
QLTA vs. FLDR - Performance Comparison
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Returns By Period
In the year-to-date period, QLTA achieves a 0.31% return, which is significantly lower than FLDR's 1.44% return.
QLTA
- 1D
- -0.19%
- 1M
- 0.50%
- YTD
- 0.31%
- 6M
- 0.04%
- 1Y
- 5.42%
- 3Y*
- 4.51%
- 5Y*
- 0.10%
- 10Y*
- 2.00%
FLDR
- 1D
- -0.02%
- 1M
- 0.41%
- YTD
- 1.44%
- 6M
- 1.76%
- 1Y
- 4.76%
- 3Y*
- 5.36%
- 5Y*
- 3.70%
- 10Y*
- —
QLTA vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | 0.31% | 7.36% | 1.23% | 7.60% | -15.14% | -2.32% | 9.62% | 12.54% | 1.11% |
FLDR Fidelity Low Duration Bond Factor ETF | 1.44% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.94% |
Correlation
The correlation between QLTA and FLDR is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2018 | 0.49 |
The correlation between QLTA and FLDR shifts across timeframes, from 0.49 (all time) to 0.70 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
QLTA vs. FLDR — Risk / Return Rank
QLTA
FLDR
QLTA vs. FLDR - 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 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.
| QLTA | FLDR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 5.95 | -4.70 |
Sortino ratioReturn per unit of downside risk | 1.85 | 10.06 | -8.21 |
Omega ratioGain probability vs. loss probability | 1.22 | 2.75 | -1.54 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 10.24 | -8.30 |
Martin ratioReturn relative to average drawdown | 5.80 | 70.25 | -64.45 |
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 | FLDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 5.95 | -4.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 3.07 | -3.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.62 | -0.22 |
Drawdowns
QLTA vs. FLDR - Drawdown Comparison
The maximum QLTA drawdown since its inception was -22.27%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for QLTA and FLDR.
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Drawdown Indicators
| QLTA | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.27% | -12.23% | -10.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -0.47% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -6.66% | -0.76% | -5.90% |
Max Drawdown (5Y)Largest decline over 5 years | -21.36% | -2.33% | -19.03% |
Max Drawdown (10Y)Largest decline over 10 years | -22.27% | — | — |
Current DrawdownCurrent decline from peak | -3.41% | -0.02% | -3.39% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -0.35% | -4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.07% | +0.87% |
Volatility
QLTA vs. FLDR - Volatility Comparison
iShares Aaa - A Rated Corporate Bond ETF (QLTA) has a higher volatility of 1.37% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.19%. This indicates that QLTA'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
| QLTA | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.19% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 0.58% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 0.80% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 1.21% | +6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.02% | 5.26% | +1.76% |
QLTA vs. FLDR - Expense Ratio Comparison
Both QLTA 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
QLTA vs. FLDR - Dividend Comparison
QLTA's dividend yield for the trailing twelve months is around 4.47%, which matches FLDR's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
QLTA iShares Aaa - A Rated Corporate Bond ETF | 4.47% | 4.33% | 4.11% | 3.39% | 2.79% | 1.96% | 2.31% | 2.99% | 3.09% | 2.67% | 2.59% | 2.99% |
Frequently Asked Questions
QLTA and FLDR have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLTA has higher volatility (1.37%) compared to FLDR (0.19%). In terms of maximum drawdown, QLTA dropped -22.27% vs FLDR's -12.23%.
On 5-year performance, FLDR leads with 3.70% vs 0.10% for QLTA. 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 0.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QLTA and FLDR have the same expense ratio: 0.15% per year.
QLTA has the higher dividend yield at 4.47%, compared with 4.43% for FLDR.
QLTA tracks Bloomberg U.S. Corporate Aaa - A Capped 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 1.25), 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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