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ETFs

Fidelity Sustainable Low Duration Bond ETF

FSLD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 19 2022
Expense Ratio
0.30%
Type
Global Bonds
Fund Owner
Fidelity
Volume (1m avg. daily)
$13,663
AUM
$4,989,811
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UST BILLS 0% 01/25/24
19.40%
n/a
USTN 3% 06/30/24
5.87%
n/a
UST BILLS 0% 03/21/24
3.84%
n/a
CASH CF
3.06%
n/a
UST BILLS 0% 11/02/23
2.94%
MS5222518
MSTDW 0.791%/VAR 01/22/25
2.42%
n/a
US DOLLAR
1.93%
n/a
GSINC SOFR+139 03/15/24
1.51%
CAT5254610
CATERPILLAR F SOFR+27 09/13/24
1.50%
EIX5155441
SOCALED SFRIX+83 04/01/24
1.50%
Invest with FSLD

What is FSLD?

The fund seeks to obtain a high level of current income consistent with preservation of capital. Normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types that Fidelity Management & Research Company LLC (FMR) (the Adviser) believes have positive environmental, social and governance (ESG) benefits and repurchase agreements for those securities.

ETFs related toFSLD

ETFs correlated to FSLD include XBIL, OBIL, XHLF

FSLD
Fidelity Merrimack Street Trust - Fidelity Sustainable Low Duration Bond ETF
XBIL
Rbb Fund Inc - US Treasury 6 Month Bill ETF
OBIL
Rbb Fund Inc - US Treasury 12 Month Bill ETF
XHLF
BondBloxx ETF Trust - BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XONE
BondBloxx ETF Trust - BondBloxx Bloomberg One Year Target Duration US Treasury ETF
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
XTWO
BondBloxx ETF Trust - BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
VTES
Vanguard Wellington Fund - Vanguard Short-Term Tax Exempt Bond ETF
RAVI
FlexShares Trust - FlexShares Ultra-Short Income Fund
UTWO
Rbb Fund Inc - US Treasury 2 Year Note ETF
GSY
Invesco Capital Management LLC - Invesco Ultra Short Duration 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 toFSLD

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FSLD using Composer

FAQ

FSLD is a Global Bonds ETF. The fund seeks to obtain a high level of current income consistent with preservation of capital. Normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types that Fidelity Management & Research Company LLC (FMR) (the Adviser) believes have positive environmental, social and governance (ESG) benefits and repurchase agreements for those securities.

Yes, FSLD 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, FSLD 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 FSLD is 0.0039%. This is the percent change in the value of FSLD over the most recent 1-month period. The 3-month return on FSLD is 0.0122%. This is the percent change in the value of FSLD over the most recent 3-month period.

The standard deviation of FSLD for the past year is 0.0135%. 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 FSLD include MINT, BIV, and BLV.

ETFs correlated to FSLD include XBIL, OBIL, and XHLF.

ETFs that are inversely correlated to FSLD include BSVO, CTA, and PRFD.

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.