FLTB vs CALI
Comparison between FIDELITY LIMITED TERM BOND ETF (FLTB, ETF) and BlackRock Short-Term California Muni Bond ETF (CALI, ETF).
FLTB vs CALI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FLTB
$408M
CALI
$406M
Expense Ratio
FLTB
0.25%
Winner
CALI
0.20%
Max Drawdown
FLTB
11.00%
Winner
CALI
1.08%
Sharpe Ratio
Winner
FLTB
-0.01
CALI
-1.68
5Y Beta
FLTB
0.01
Winner
CALI
0.01
5Y Dividends CAGR
FLTB
31.26%
CALI
N/A
FLTB vs CALI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FLTB
+0.14%
CALI
+0.07%
3M
FLTB
+0.24%
Winner
CALI
+0.45%
6M
FLTB
+0.78%
Winner
CALI
+0.81%
1Y
Winner
FLTB
+3.58%
CALI
+2.54%
5Y(CAGR)
FLTB
+2.26%
CALI
N/A
10Y(CAGR)
FLTB
+2.41%
CALI
N/A
Max(CAGR)
FLTB
+2.40%
Winner
CALI
+3.04%
FLTB vs CALI - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | FLTB | CALI |
|---|---|---|
| 2026 | +0.84% | +1.06% |
| 2025 | +6.52% | +3.26% |
| 2024 | +5.22% | +2.84% |
| 2023 | +5.83% | +1.97% |
| 2022 | -5.69% | N/A |
| 2021 | -1.20% | N/A |
| 2020 | +5.47% | N/A |
| 2019 | +5.93% | N/A |
| 2018 | +1.24% | N/A |
| 2017 | +2.10% | N/A |
| 2016 | +2.11% | N/A |
| 2015 | +0.83% | N/A |
| 2014 | -0.07% | N/A |
FLTB vs CALI Drawdown Comparison
The maximum drawdown for FLTB was -9.37%, occurring on Oct 20, 2022. Recovery took 838 trading sessions.
The maximum drawdown for CALI was -0.78%, occurring on Apr 11, 2025. Recovery took 35 trading sessions.
The current FLTB drawdown is -0.24%. The current CALI drawdown is -0.05%.
| Rank | FLTB | CALI |
|---|---|---|
| #1 | -9.37% Feb 11, 2021 - Jun 12, 2024 | -0.78% Apr 4, 2025 - May 27, 2025 |
| #2 | -8.20% Mar 5, 2020 - May 29, 2020 | -0.67% Feb 27, 2026 - May 28, 2026 |
| #3 | -1.98% Aug 4, 2016 - May 17, 2017 | -0.45% Sep 13, 2023 - Nov 3, 2023 |
| #4 | -1.76% Sep 7, 2017 - Dec 18, 2018 | -0.32% Dec 2, 2024 - Jan 15, 2025 |
| #5 | -1.63% Oct 15, 2015 - Mar 17, 2016 | -0.31% Mar 20, 2024 - May 2, 2024 |
| #6 | -1.52% Feb 23, 2026 - Jun 26, 2026 | -0.24% Jan 9, 2024 - Feb 1, 2024 |
| #7 | -1.36% Apr 3, 2025 - Apr 28, 2025 | -0.23% Mar 3, 2025 - Apr 1, 2025 |
| #8 | -1.19% Apr 27, 2015 - Oct 2, 2015 | -0.22% Jan 17, 2025 - Jan 31, 2025 |
| #9 | -1.09% Oct 1, 2024 - Jan 27, 2025 | -0.22% Oct 3, 2024 - Nov 4, 2024 |
| #10 | -1.08% Oct 15, 2014 - Jan 15, 2015 | -0.19% Sep 17, 2025 - Oct 10, 2025 |
| #11 | -0.96% Feb 2, 2015 - Apr 1, 2015 | -0.18% Nov 5, 2024 - Nov 8, 2024 |
| #12 | -0.85% Sep 4, 2019 - Oct 2, 2019 | -0.17% Jan 15, 2025 - Jan 17, 2025 |
| #13 | -0.59% Apr 30, 2025 - May 30, 2025 | -0.16% Jun 6, 2024 - Jun 12, 2024 |
| #14 | -0.55% Oct 4, 2019 - Dec 3, 2019 | -0.16% Nov 8, 2024 - Nov 15, 2024 |
| #15 | -0.51% May 6, 2016 - Jun 3, 2016 | -0.15% Jul 23, 2024 - Jul 30, 2024 |
Correlation
Correlation between FLTB and CALI is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (2014 - 2026)
FLTB vs CALI dividend yield comparison.
| Year | FLTB | CALI |
|---|---|---|
| 2026 | 2.18% | 1.20% |
| 2025 | 4.31% | 2.62% |
| 2024 | 4.11% | 3.14% |
| 2023 | 3.20% | 1.37% |
| 2022 | 1.63% | 0.00% |
| 2021 | 0.89% | 0.00% |
| 2020 | 1.56% | 0.00% |
| 2019 | 2.67% | 0.00% |
| 2018 | 2.50% | 0.00% |
| 2017 | 1.78% | 0.00% |
| 2016 | 1.59% | 0.00% |
| 2015 | 1.63% | 0.00% |
| 2014 | 0.35% | 0.00% |
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