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FFSM vs FLTB

Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF vs Fidelity Limited Term Bond ETF

FFSM

Fidelity Covington Trust - Fidelity Fundamental Small-Mid Cap ETF

Annual cost

Fund size

FLTB

Fidelity Limited Term Bond ETF

Fidelity Investments

Annual cost

0.25%

Fund size

$389M

Key differences

  • FFSM is classified as equity, while FLTB is fixed income — different risk/return profiles.
  • FFSM follows a active selection strategy; FLTB uses index tracking.
  • Over the last 3 years, FFSM has delivered higher annualized returns.

Side-by-side comparison

FFSMFLTB
Annual cost (TER)0.25%
Fund size (AUM)$389M
Since2014
Dividend yield4.36%
Asset classequityfixed income
Regionnorth america
Strategyactive selectionindex tracking
CAGR 1Y+40.2%+4.9%
CAGR 3Y+21.6%+5.5%
CAGR 5Y+10.7%+2.3%
Sharpe 3Y0.930.77
Volatility 1Y18.06%2.14%
Max drawdown-26.65%-9.37%

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

Similar to FFSM and FLTB