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FCLO vs FBND

Fidelity CLO ETF vs Fidelity Total Bond ETF

FCLO

Fidelity CLO ETF

Fidelity Investments

Annual cost

0.00%

Fund size

$25M

FBND

Fidelity Total Bond ETF

Fidelity Investments

Annual cost

0.36%

Fund size

$25.6B

Key differences

  • FCLO costs 0.36% less per year.
  • FBND is significantly larger than FCLO — larger funds tend to be more liquid and less likely to close.
  • FCLO follows a multi strategy strategy; FBND uses index tracking.
  • FBND has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FCLOFBND
Annual cost (TER)0.00%0.36%
Fund size (AUM)$25M$25.6B
Since20262014
Dividend yield4.70%
Asset classfixed incomefixed income
Regionglobal
Strategymulti strategyindex tracking
CAGR 1YN/A+6.1%
CAGR 3YN/A+4.5%
CAGR 5YN/A+0.9%
Sharpe 3YN/A0.19
Volatility 1Y3.90%
Max drawdown-0.58%-17.25%

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

Similar to FCLO and FBND