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ETFs

Fidelity Sustainable Core Plus Bond ETF

FSBD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 19 2022
Expense Ratio
0.36%
Type
Global Bonds
Fund Owner
Fidelity
Volume (1m avg. daily)
$1,578
AUM
$11,306,629
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CF.TAXMM
CASH CF
7.60%
n/a
USTB 2.25% 02/15/52
6.28%
n/a
USTN 3.5% 02/15/33
5.61%
n/a
Derivative Offset
4.40%
n/a
USTN 3.625% 03/31/30
3.69%
n/a
USTN 3.375% 05/15/33
2.91%
n/a
USTN 2.5% 04/30/24
2.91%
n/a
SYMP 21-26A A TSFR3M+134 04/33
2.69%
n/a
UMBS 30YR 2% 11/53 #TBA
2.30%
n/a
ALLEG 22-1A A TSFR3M+150 07/35
2.11%
Invest with FSBD

What is FSBD?

The fund seeks a high level of current income. Normally investing at least 80% of assets in debt securities 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 toFSBD

ETFs correlated to FSBD include AVIG, SPAB, AGG

FSBD
Fidelity Merrimack Street Trust - Fidelity Sustainable Core Plus Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
FBND
Fidelity Covington Trust - Fidelity Total Bond ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core 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 toFSBD

#PTAC

Pick the Trending Asset Class

Category

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

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with FSBD using Composer

FAQ

FSBD is a Global Bonds ETF. The fund seeks a high level of current income. Normally investing at least 80% of assets in debt securities 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, FSBD 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, FSBD 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 FSBD is -0.0123%. This is the percent change in the value of FSBD over the most recent 1-month period. The 3-month return on FSBD is -0.03%. This is the percent change in the value of FSBD over the most recent 3-month period.

The standard deviation of FSBD for the past year is 0.0721%. 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 FSBD include GSY, GVI, and BLV.

ETFs correlated to FSBD include AVIG, SPAB, and AGG.

ETFs that are inversely correlated to FSBD 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.