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FAAA vs FLTB

Fidelity AAA CLO ETF vs Fidelity Limited Term Bond ETF

FAAA

Fidelity AAA CLO ETF

Fidelity Investments

Annual cost

0.00%

Fund size

$29M

FLTB

Fidelity Limited Term Bond ETF

Fidelity Investments

Annual cost

0.25%

Fund size

$389M

Key differences

  • FAAA costs 0.25% less per year.
  • FLTB is significantly larger than FAAA — larger funds tend to be more liquid and less likely to close.
  • FLTB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FAAAFLTB
Annual cost (TER)0.00%0.25%
Fund size (AUM)$29M$389M
Since20262014
Dividend yield4.36%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1YN/A+4.7%
CAGR 3YN/A+5.3%
CAGR 5YN/A+2.2%
Sharpe 3YN/A0.67
Volatility 1Y2.14%
Max drawdown-0.56%-9.37%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to FAAA and FLTB