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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)
$1,818,282
AUM
$249,753,485
Associated Index
Fidelity Low Duration Investment Grade Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CF.TAXMM
CASH CF
3.56%
NEE5291775
NEXTERA ENE SFRIX+40 11/03/23
1.62%
n/a
USTN 1.375% 11/15/31
1.52%
n/a
USTN 3.375% 05/15/33
1.32%
n/a
USTN 2.75% 08/15/32
1.24%
n/a
USTN 1.125% 02/15/31
1.20%
n/a
USTN 2.875% 05/15/32
1.10%
n/a
USTN 3.5% 02/15/33
1.08%
n/a
USTN 1.625% 05/15/31
1.07%
NABZ5334514
NATIONAL SOFR+38 01/12/25 144A
1.07%
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 IBDY, PYLD, DFCF

FLDR
Fidelity Covington Trust - Fidelity Low Duration Bond Factor ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
DFCF
Dimensional ETF Trust - Dimensional Core Fixed Income ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
UITB
Victory Portfolios II - VictoryShares Core Intermediate Bond ETF
GBF
BlackRock Institutional Trust Company N.A. - iShares Barclays Government/Credit Bond Fund
BND
Vanguard Group, Inc. - Vanguard Total Bond Market 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

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#TIME

The Timeless 60/40

Category

Classic, Investing for the Long-Term

Risk Rating

Moderate

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 0.0026%. This is the percent change in the value of FLDR over the most recent 1-month period. The 3-month return on FLDR is 0.0091%. 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 0.0194%. 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 GVI, BLV, and BSV.

ETFs correlated to FLDR include IBDY, PYLD, and DFCF.

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