FLDB vs VYM
FLDB vs VYM
Fidelity Low Duration Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | FLDB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.04% | |
| AUM | $409M | $79.0B | |
| Dividend Yield | 4.76% | 2.86% | |
| Holdings | 394 | 568 | |
| YTD Return | +2.02% | +13.82% | |
| 1Y Return | +3.96% | +24.08% | |
| 3Y Return (annualized) | - | +17.72% | |
| 5Y Return (annualized) | - | +12.13% | |
| Volatility (annualized) | 0.5% | 14.6% | |
| Max Drawdown | -0.5% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Feb 22, 2024 | Nov 10, 2006 |
FLDB vs VYM Performance
Fidelity Low Duration Bond ETF (FLDB) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FLDB returned +3.96% while VYM returned +24.08%. Year to date, FLDB is up 2.02% versus a gain of 13.82% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 0.5% for FLDB. 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 -0.5% for FLDB and -58.8% for VYM. 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 0.27. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FLDB charges 0.20% per year while VYM charges 0.04%. On a $10,000 position that is $20 vs $4 annually, a gap of $16 per year that compounds over a long holding period. On income, FLDB currently yields 4.76% against 2.86% for VYM.
Holdings Overlap
FLDB and VYM share 0 holdings out of 893 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, FLDB or VYM?
FLDB has an expense ratio of 0.20% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, FLDB or VYM?
Over the past year FLDB returned +3.96% vs +24.08% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), FLDB annualized +4.66% vs +6.98% for VYM. Past performance does not guarantee future results.
Which is riskier, FLDB or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 0.5% for FLDB. Worst drawdown: FLDB -0.5% vs VYM -58.8%.
Should I hold both FLDB and VYM?
FLDB and VYM have a monthly-return correlation of 0.27, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FLDB and VYM?
FLDB and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 893 unique securities.
Which pays a higher dividend, FLDB or VYM?
FLDB yields 4.76% while VYM yields 2.86%, so FLDB currently pays the higher dividend yield.
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