Fidelity® Limited Term Bond ETF

10-Year Study

FLTB.US · · US · ETF

Executive Summary: Fidelity® Limited Term Bond ETF has compounded at 2.5% annually over the last 10 years, with a maximum drawdown of 8.7% and an annualized volatility of 7.5%.

1Y CAGR
+4.5%
3Y CAGR
+5.5%
5Y CAGR
+2.2%
10Y CAGR
+2.5%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
8.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.70
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.85
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
2.9%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +6.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -5.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.50.5-1.10.4————————0.3%
20250.71.00.30.70.01.00.11.20.40.30.60.26.6%
20240.4-0.40.7-0.71.00.81.51.01.1-0.80.6-0.25.1%
20231.5-1.11.30.6-0.4-0.40.60.2-0.40.02.01.85.9%
2022-1.0-0.8-1.9-1.30.5-1.11.3-1.3-1.8-0.51.70.1-5.9%
2021-0.1-0.5-0.30.30.2-0.10.4-0.1-0.3-0.4-0.30.1-1.2%
20201.10.9-3.52.91.51.00.60.2-0.10.20.40.55.6%
20190.80.21.20.20.70.90.11.1-0.10.4-0.00.25.9%
2018-0.4-0.30.1-0.10.4-0.20.40.4-0.1-0.10.20.91.1%
20170.40.40.10.40.40.10.50.2-0.10.0-0.40.12.1%
2016———0.2-0.01.20.4-0.10.0-0.1-1.40.00.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 7.5%. The dominant macroeconomic risk driver is SHV.US, accounting for 86.8% of variance. Idiosyncratic stock-specific factors contribute 0.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110016.242528057002
2016-05-0110012.086873452714
2016-06-0110137.009905154786
2016-07-0110175.22165602836
2016-08-0110161.513063705679
2016-09-0110165.896772526055
2016-10-0110152.517591848835
2016-11-0110009.857010006512
2016-12-0110014.418094328292
2017-01-0110052.021700625628
2017-02-0110095.199965538475
2017-03-0110107.666929351337
2017-04-0110152.999039638358
2017-05-0110195.341105758875
2017-06-0110201.447890878591
2017-07-0110250.378189908346
2017-08-0110268.825242054209
2017-09-0110253.570948933595
2017-10-0110253.849681864367
2017-11-0110215.789967134853
2017-12-0110224.785438991696
2018-01-0110178.870523485784
2018-02-0110144.535694285722
2018-03-0110155.63433280205
2018-04-0110145.828001510225
2018-05-0110190.070519431485
2018-06-0110166.961025534469
2018-07-0110202.562822601692
2018-08-0110241.256021264788
2018-09-0110235.351951003817
2018-10-0110221.415304465047
2018-11-0110238.67140681578
2018-12-0110333.035173561926
2019-01-0110414.273153204289
2019-02-0110434.392602934806
2019-03-0110562.787126592893
2019-04-0110584.756349409465
2019-05-0110656.618766834836
2019-06-0110753.744523531392
2019-07-0110769.252210225444
2019-08-0110887.004203799383
2019-09-0110874.891990989323
2019-10-0110914.852157519581
2019-11-0110912.267543070573
2019-12-0110939.076583139697
2020-01-0111055.156179128984
2020-02-0111149.165194872328
2020-03-0110760.890222302181
2020-04-0111077.201420017585
2020-05-0111245.632128277963
2020-06-0111353.476433130703
2020-07-0111421.76600117068
2020-08-0111441.986808330566
2020-09-0111427.188623642129
2020-10-0111444.596762136918
2020-11-0111490.182265997368
2020-12-0111548.006679454595
2021-01-0111535.76776985782
2021-02-0111478.019374472624
2021-03-0111442.823007122894
2021-04-0111473.88905922568
2021-05-0111500.394027006687
2021-06-0111485.266430672786
2021-07-0111530.01573574091
2021-08-0111524.11166547994
2021-09-0111485.874575249021
2021-10-0111435.47459349336
2021-11-0111399.2646518499
2021-12-0111409.957860648736
2022-01-0111294.841160238493
2022-02-0111205.823997891765
2022-03-0110992.23855484577
2022-04-0110847.728199917394
2022-05-0110906.996956743182
2022-06-0110787.040439080385
2022-07-0110922.327267935829
2022-08-0110778.75446922915
2022-09-0110589.67218473405
2022-10-0110541.679441925993
2022-11-0110724.959013589496
2022-12-0110739.427786632474
2023-01-0110904.260306150116
2023-02-0110786.888402936323
2023-03-0110932.032241798282
2023-04-0110994.240364075884
2023-05-0110952.531781888947
2023-06-0110912.825008932123
2023-07-0110977.617745658734
2023-08-0110999.384253616558
2023-09-0110955.21775376733
2023-10-0110957.853046931023
2023-11-0111172.984190774952
2023-12-0111377.092714174581
2024-01-0111422.602199963003
2024-02-0111374.330724224172
2024-03-0111450.475493040543
2024-04-0111374.609457154947
2024-05-0111492.437468800916
2024-06-0111580.365038781885
2024-07-0111751.785791208764
2024-08-0111874.884389182122
2024-09-0112009.385697959926
2024-10-0111910.030077817166
2024-11-0111985.541362699958
2024-12-0111962.077117800138
2025-01-0112040.603786206773
2025-02-0112161.447181376585
2025-03-0112199.912325823592
2025-04-0112285.76206850242
2025-05-0112291.488763261987
2025-06-0112414.257949589883
2025-07-0112421.352969645985
2025-08-0112564.292284419083
2025-09-0112614.97099910552
2025-10-0112654.551075275629
2025-11-0112725.298560977895
2025-12-0112751.322080969383
2026-01-0112818.116626926108
2026-02-0112886.076783320621
2026-03-0112738.094936436222
2026-04-0112793.841522591305
Annual Return Matrix
YearAnnual Return
20170.02100644717265654
20180.010586993264174227
20190.05865086099081385
20200.05566558490443674
2021-0.011954341787095202
2022-0.05876709469092978
20230.05937606176148602
20240.05141774074643268
20250.06597892284065021
20260.003334512402080936
Total Factor Risk
0.07454617848700518
VTI.US Exposure
0.016880435730016543
VEA.US Exposure
0.0116649824406806
VWO.US Exposure
-0.0011956116728813805
QQQ.US Exposure
-0.003472259771829474
VTV.US Exposure
-0.00006920055000230682
IJR.US Exposure
-0.001995141372507442
QUAL.US Exposure
-0.011613509713251308
SHV.US Exposure
0.8678469818907604
TLT.US Exposure
-0.01806719643389635
LQD.US Exposure
0.1141241688334101
HYG.US Exposure
-0.0044673058648552555
GLD.US Exposure
0.0002228065045009379
USO.US Exposure
0.003542848711008172
VNQ.US Exposure
-0.0004943603869205321
BTC-USD.CC Exposure
-0.0002210911939800138
CPER.US Exposure
-0.0011197123599100012
VIX.INDX Exposure
-0.0016249479466517599
UUP.US Exposure
-0.000592613157449415
TIP.US Exposure
0.02116721524442803
Idiosyncratic Exposure
0.00948351106933046
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
51.7
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
7.5%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →4.31%
Market Cap$572.0M
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$90
Avg Yield on Cost
0.90%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$90.210.90%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.8% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.38
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Fidelity® Limited Term Bond ETF a high-risk investment?

Fidelity® Limited Term Bond ETF (FLTB.US) has an annualized volatility of 7.5% and experienced a maximum drawdown of 8.7% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of FLTB.US?

Over the past 10 years, FLTB.US has generated a Compound Annual Growth Rate (CAGR) of 2.5%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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