FLDBFidelity
Fidelity Low Duration Bond ETF
$50.390.00% today
505152-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
The desk’s read
Flows are quiet — the past month netted out near zero, while the price has returned -0.1% so far this year. At 0.20% a year it is not the cheapest way in — IJH runs the same ground at 0.05%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$374Massets under management
0.20%expense ratio · $20 per $10,000 a year
—net flow, trailing month
11Kavg daily volume, 30 days
335holdings
2024listed February 21, 2024 · beta 0.01
Country weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
| 1 week | +0.1% |
| 1 month | +0.1% |
| 3 months | +0.1% |
| 6 months | -0.2% |
| YTD | -0.1% |
| 1 year | -0.5% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The risk read
1%realized volatility, 30 days (annualized)
2%realized volatility, 1 year
-1.0%deepest fall from a peak, 1 year
-0.7%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
The case against FLDB
Due diligence cuts both ways. These funds sit on the same shelf and beat FLDB on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16B | +$288M | -17bp on fee · 43× the assets · +$288M in over the month | Head-to-head |
| MBB iShares MBS ETF | 0.04% | $39B | +$26M | -16bp on fee · 104× the assets · +$26M in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $128.4B | +$547M | -15bp on fee · 343× the assets · +$547M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.4B | +$520M | -16bp on fee · 63× the assets · +$520M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.7B | +$312M | -16bp on fee · 50× the assets · +$312M in over the month | Head-to-head |