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ETFs

Fidelity Tactical Bond ETF

FTBD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 24 2023
Expense Ratio
0.55%
Type
Global Bonds
Fund Owner
Fidelity
Volume (1m avg. daily)
$50,362
AUM
$14,628,288
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
USTN 4.125% 11/15/32
14.19%
n/a
USTB 3.625% 02/15/53
12.24%
n/a
CASH CF
10.05%
n/a
NET OTHER ASSETS
8.99%
n/a
USTN 3.5% 01/31/30
4.71%
n/a
USTN 3.625% 03/31/30
4.14%
n/a
USTN 3.625% 03/31/28
3.65%
n/a
DOMINICAN REP 6% 02/22/33 144A
1.50%
US912810PW2
United States 4.375 % Treasury Bonds 2008-15.2.38
1.42%
n/a
USTN 3.5% 02/15/33
1.35%
Invest with FTBD

What is FTBD?

Fidelity Tactical Bond ETF seeks a high level of current income. Growth of capital may also be considered. Normally investing at least 80% of assets in debt securities of all types and repurchase agreements for those securities. Allocating assets across the full spectrum of the debt market, including investment-grade (those of medium and high quality), high yield, and emerging markets debt securities across different maturities. Investments will normally include U.S. government securities (including Treasury securities), investment-grade corporate and other debt, lower-quality debt securities (those of less than investment-grade quality, also referred to as high-yield debt securities or junk bonds), investment-grade securitized debt securities, floating rate loans, and other floating rate securities, inflation-protected debt securities, hybrid and preferred securities, contingent convertible securities, and securities of foreign issuers, including securities of issuers located in emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. Investing in both U.S. dollar-denominated and non-U.S. dollar-denominated securities, and generally hedging the fund's foreign currency exposures utilizing forward foreign currency exchange contracts.

ETFs related toFTBD

ETFs correlated to FTBD include FCOR, LQD, ILTB

FTBD
Fidelity Merrimack Street Trust - Fidelity Tactical Bond ETF
FCOR
Fidelity Covington Trust - Fidelity Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
ILTB
BlackRock Institutional Trust Company N.A. - iShares Core 10+ Year USD Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
GIGB
Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate Bond ETF
IGEB
BlackRock Institutional Trust Company N.A. - iShares Investment Grade Bond Factor ETF
CORP
Pimco Exchange Traded Fund - PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
BLV
Vanguard Group, Inc. - Vanguard Long-Term 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 toFTBD

#LSPV

Lever Up S&P and Control Volatility

Category

Balance Risk Not Assets, Leverage: High Risk, High Reward

Risk Rating

Aggressive

#DBG

Diversify with Bonds & Gold

Category

Balance Risk Not Assets, Diversification

Risk Rating

Conservative

Create your own algorithmic trading strategy with FTBD using Composer

FAQ

FTBD is a Global Bonds ETF. Fidelity Tactical Bond ETF seeks a high level of current income. Growth of capital may also be considered. Normally investing at least 80% of assets in debt securities of all types and repurchase agreements for those securities. Allocating assets across the full spectrum of the debt market, including investment-grade (those of medium and high quality), high yield, and emerging markets debt securities across different maturities. Investments will normally include U.S. government securities (including Treasury securities), investment-grade corporate and other debt, lower-quality debt securities (those of less than investment-grade quality, also referred to as high-yield debt securities or junk bonds), investment-grade securitized debt securities, floating rate loans, and other floating rate securities, inflation-protected debt securities, hybrid and preferred securities, contingent convertible securities, and securities of foreign issuers, including securities of issuers located in emerging markets. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics. Investing in both U.S. dollar-denominated and non-U.S. dollar-denominated securities, and generally hedging the fund's foreign currency exposures utilizing forward foreign currency exchange contracts.

Yes, FTBD 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, FTBD 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 FTBD is -0.0019%. This is the percent change in the value of FTBD over the most recent 1-month period. The 3-month return on FTBD is 0.0182%. This is the percent change in the value of FTBD over the most recent 3-month period.

ETFs similar to FTBD include MINT, BIV, and FLOT.

ETFs correlated to FTBD include FCOR, LQD, and ILTB.

ETFs that are inversely correlated to FTBD include TBF, TTT, and TBT.

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.