Fidelity Tactical Bond ETF (FTBD) Performance
FTBD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.6% since Dec 31, 2025
- 1 year
- −0.8% total return
- 3 years
- +6.2% a year
- Since first price
- +3.5% a year since 2023
FTBD trailing returns vs SPY, QQQ, AGG
| Period | FTBD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.5% | +0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.8% | −2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.8% | −4.1% | +7.8% | +8.4% | −1.5% |
| YTD | −0.6% | −4.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −0.8% | −5.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +19.8%+6.2%/yr | +3.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJan 26, 2023 | +13.7%+3.5%/yr | −5.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FTBD vs SPY
From Jan 26, 2023: FTBD grew to $11,368, SPY to $19,685.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FTBD returns by calendar year
2 of 2 full years positive. Best 2025 (+8.3%), worst 2024 (+1.8%). 2026 is year to date.
FTBD annual returns table
| Year | FTBD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.6% | −4.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.3% | −2.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +1.8% | −4.2% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FTBD risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +5.0% | +3.1% |
| Volatility (annualized) | 5.9% | 5.9% |
| Sharpe ratio | 0.12 | -0.22 |
| Sortino ratio | 0.18 | -0.29 |
| Best month | +4.9% | +4.9% |
| Worst month | −2.8% | −2.8% |
| Best 12 months | +13.3% | +13.3% |
| Worst 12 months | −1.7% | −1.7% |
| Positive months | 64% | 61% |
| Beta vs S&P 500 | 0.26 | — |
| Correlation with S&P 500 | 0.55 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FTBD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 34 | −1.7% | +5.3% | +13.3% | 94% |
| 3-year (a year) | 10 | +4.6% | +5.0% | +6.2% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
FTBD performance overview
Fidelity Tactical Bond ETF (FTBD) returned −0.8% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +3.5% a year, turning $10,000 into about $11,368. Over the same year S&P 500 (SPY) returned +14.4%.
Related: FTBD chart, FTBD dividends. See the FTBD overview for the latest quote and fund facts.
FTBD performance FAQ
What is the FTBD return over the past year?
FTBD returned −0.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.6%.
How much would $10,000 invested in FTBD be worth?
$10,000 invested in FTBD at its first recorded close on January 26, 2023 would be worth about $11,368 on October 23, 2026 with distributions reinvested.
What was the worst year for FTBD?
The worst calendar year was 2024, with a total return of +1.8%. The best was 2025 at +8.3%.
How volatile is FTBD?
Over the past 3 years FTBD had an annualized volatility of 5.9% and a Sharpe ratio of 0.12 (excess return over 1–3 month T-bills per unit of risk).