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ETFs

Fidelity Limited Term Bond ETF

FLTB
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Oct 6, 2014
Expense Ratio
0.25%
Type
US Bonds
Fund Owner
Fidelity
Volume (1m avg. daily)
$763,937
AUM
$163,034,652
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
USTN 4.5% 11/15/25
4.89%
—
USTN 3.875% 01/15/26
2.99%
—
USTN 4.5% 07/15/26
2.53%
—
USTN 4% 06/30/28
1.49%
GS5344250
GSINC 2.64%/VAR 02/24/28
1%
—
FORDR 20-2 A 1.06% 04/33 144A
0.83%
SLMMF5193696
SLAM 21-1A A 2.434% 06/46 144A
0.72%
BAC5527764
BANK OF AMERICA SOFR+129 01/27
0.69%
—
US DOLLAR
0.68%
—
NIAPK 2019-1A TSFR3M+126 07/32
0.65%
Invest with FLTB
Trade FLTB Options

What is FLTB?

Fidelity Limited Term Bond ETF is an actively managed exchange-traded fund incorporated in the USA. The Fund seeks to provide a high rate of income, normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

FLTB
Performance Measures**

for the time period Oct 9, 2014 to Dec 4, 2025

Returns

1M Trailing Return: 0.4%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -9.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 2.9%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.83

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.26

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFLTB

ETFs correlated to FLTB include BSV, ISTB, IEI

FLTB
Fidelity Covington Trust - Fidelity Limited Term Bond ETF
BSV
Vanguard Group, Inc. - Vanguard Short-Term Bond ETF
ISTB
BlackRock Institutional Trust Company N.A. - iShares Core 1-5 Year USD Bond ETF
IEI
BlackRock Institutional Trust Company N.A. - iShares 3-7 Year Treasury Bond ETF
IBTH
iShares Trust - iShares iBonds Dec 2027 Term Treasury ETF
IBTG
iShares Trust - iShares iBonds Dec 2026 Term Treasury ETF
IBTI
iShares Trust - iShares iBonds Dec 2028 Term Treasury ETF
VGIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Treasury ETF
SPTI
SPDR Series Trust - SPDR Portfolio Intermediate Term Treasury ETF
SCHR
Schwab Strategic Trust - Schwab Intermediate-Term U.S. Treasury ETF
GVI
BlackRock Institutional Trust Company N.A. - iShares Intermediate Government/Credit 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.

Trading Strategies
Related toFLTB

IRA

Category

Global macro, Long/short, Volatility timing, Currencies, Commodities, Crypto, Tech tilt, Leveraged ETFs, Risk-on/risk-off

OOS Cumulative Return

3.74%

Portfolio Consolidation 1

Category

Multi-asset, tactical, long/short, momentum & mean-reversion, volatility hedging, leveraged ETFs

OOS Cumulative Return

-1.21%

Create your own algorithmic trading strategy with FLTB using Composer

FAQ

FLTB is a US Bonds ETF. Fidelity Limited Term Bond ETF is an actively managed exchange-traded fund incorporated in the USA. The Fund seeks to provide a high rate of income, normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities.

Yes, FLTB is actively 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.

No, FLTB is not passively managed. It is actively 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 FLTB is -0.0001%. This is the percent change in the value of FLTB over the most recent 1-month period. The 3-month return on FLTB is 0.0018%. This is the percent change in the value of FLTB over the most recent 3-month period.

The standard deviation of FLTB for the past year is 0.0371%. 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 FLTB include BLV, BND, and AGG.

ETFs correlated to FLTB include BSV, ISTB, and IEI.

ETFs that are inversely correlated to FLTB include TBX, PST, and TTT.

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.