FLTB vs VOO
Fidelity Limited Term Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. FLTB offers more diversification with 1,037 holdings.
Side-by-Side Comparison
| Metric | FLTB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $433M | $997.4B | |
| Dividend Yield | 4.80% | 1.08% | |
| Holdings | 1,037 | 509 | |
| YTD Return | +1.44% | +12.73% | |
| 1Y Return | +3.44% | +20.59% | |
| 3Y Return (annualized) | +5.75% | +21.70% | |
| 5Y Return (annualized) | +2.40% | +12.87% | |
| Volatility (annualized) | 128.3% | 14.1% | |
| Max Drawdown | -73.5% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 6, 2014 | Sep 7, 2010 |
FLTB vs VOO Performance
Fidelity Limited Term Bond ETF (FLTB) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FLTB returned +3.44% while VOO returned +20.59%. Year to date, FLTB is up 1.44% versus a gain of 12.73% for VOO.
Over three years, FLTB compounded at +5.75% per year against +21.70% for VOO; over five years the annualized figures are +2.40% and +12.87% respectively. Across the full 16-year window we track, VOO has the edge at +13.47% annualized vs +7.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FLTB has been the more volatile fund, with annualized monthly volatility of 128.3% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -73.5% for FLTB and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLTB charges 0.25% per year while VOO charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, FLTB currently yields 4.80% against 1.08% for VOO.
Holdings Overlap
FLTB and VOO share 0 holdings out of 519 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FLTB or VOO?
FLTB has an expense ratio of 0.25% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, FLTB or VOO?
Over the past year FLTB returned +3.44% vs +20.59% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), FLTB annualized +7.74% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, FLTB or VOO?
FLTB has been the more volatile fund at 128.3% annualized versus 14.1% for VOO. Worst drawdown: FLTB -73.5% vs VOO -34.3%.
Should I hold both FLTB and VOO?
FLTB and VOO have a monthly-return correlation of 0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLTB and VOO?
FLTB and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, FLTB or VOO?
FLTB yields 4.80% while VOO yields 1.08%, so FLTB currently pays the higher dividend yield.
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