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ETFs

Fidelity Low Duration Bond Factor ETF

FLDR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 12 2018
Expense Ratio
0.15%
Type
US Bonds
Fund Owner
Fidelity
Volume (1m avg. daily)
$966,193
AUM
$207,224,910
Associated Index
Fidelity Low Duration Investment Grade Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
CASH CF
4.38%
NEE5291775
NEXTERA ENE SFRIX+40 11/03/23
1.94%
n/a
USTN 2.75% 08/15/32
1.47%
n/a
USTN 1.125% 02/15/31
1.46%
n/a
USTN 2.875% 05/15/32
1.42%
n/a
USTN 1.375% 11/15/31
1.38%
n/a
AT&T Notes 2018-12.06.24 Global Floating Rate
1.14%
n/a
USTN 0.625% 08/15/30
1.14%
n/a
Gldm Sachs Grp Medium Term Notes 2013-29.11.23 Sr Series D Tranche 591 Fltg Rt
1.14%
NABZ5334514
NATIONAL SOFR+38 01/12/25 144A
1.12%
Invest with FLDR

What is FLDR?

Fidelity Low Duration Bond Factor ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Low Duration Investment Grade Factor Index. The fund normally invests at least 80% of assets in securities included in the Fidelity Low Duration Investment Grade Factor Index. The Index is designed to optimize the balance of interest rate risk and credit risk such that both returns and risk measures may be improved relative to traditional U.S. investment grade floating rate note indices. The Index is comprised of U.S. investment grade floating rate notes and U.S. Treasury notes.

ETFs related toFLDR

ETFs correlated to FLDR include VBND, PBND, EUSB

FLDR
Fidelity Covington Trust - Fidelity Low Duration Bond Factor ETF
VBND
ETF Series Solutions Trust - Vident U.S. Bond Strategy ETF
PBND
Invesco Capital Management LLC - Invesco PureBeta SM US Aggregate Bond ETF
EUSB
iShares Trust - iShares ESG Advanced Total USD Bond Market ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
JCPB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Core Plus Bond ETF
YEAR
AB Active ETFs Inc - AB Ultra Short Income ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond ETF
GOVT
BlackRock Institutional Trust Company N.A. - iShares U.S. Treasury Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFLDR

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Category

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Risk Rating

Aggressive

#HFEAR

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Create your own algorithmic trading strategy with FLDR using Composer

FAQ

FLDR is a US Bonds ETF. Fidelity Low Duration Bond Factor ETF seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Low Duration Investment Grade Factor Index. The fund normally invests at least 80% of assets in securities included in the Fidelity Low Duration Investment Grade Factor Index. The Index is designed to optimize the balance of interest rate risk and credit risk such that both returns and risk measures may be improved relative to traditional U.S. investment grade floating rate note indices. The Index is comprised of U.S. investment grade floating rate notes and U.S. Treasury notes.

FLDR tracks the Fidelity Low Duration Investment Grade Factor Index.

No, FLDR is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FLDR is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FLDR is -0.0015%. This is the percent change in the value of FLDR over the most recent 1-month period. The 3-month return on FLDR is 0.0098%. This is the percent change in the value of FLDR over the most recent 3-month period.

The standard deviation of FLDR for the past year is 0.0202%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FLDR include AGG, BLV, and MINT.

ETFs correlated to FLDR include VBND, PBND, and EUSB.

ETFs that are inversely correlated to FLDR include PST, TYO, and TBX.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.