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FTBDvsBYLDETF Comparison

ETF 1

FTBD

Fidelity Tactical Bond ETF

This fund is part of

Intl Aggregate Bonds

-0.03%

Full FTBD fund page

VS

ETF 2

BYLD

iShares Yield Optimized Bond ETF

This fund is part of

US Aggregate Bonds

-0.14%

Full BYLD fund page

Fidelity Tactical Bond ETF (FTBD) belongs to the Intl Aggregate Bonds segment. iShares Yield Optimized Bond ETF (BYLD) is part of the US Aggregate Bonds segment. FTBD's top 3 sector exposures are Sovereign, Finance and Energy. In contrast, BYLD's top sector exposures are Finance, Sovereign and Industrials. FTBD is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.41% for BYLD. FTBD is down -0.67% year-to-date (YTD) with +$7M in YTD flows. BYLD performs better with -0.42% YTD performance, and +$136M in YTD flows. Run a side-by-side ETF comparison of FTBD and BYLD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FTBD vs BYLD performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/28/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FTBD BYLD	+1.17%+1.33%	-1.53%-1.29%	-0.67%-0.42%	-1.17%-0.44%	+19.80%+21.18%	n/a+9.42%
Flows	FTBD BYLD	--$16M	--$15M	+$7M+$136M	+$10M+$152M	+$25M+$335M	-+$297M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FTBD BYLD	+4.43%+4.59%	+3.82%+3.97%	+4.84%+4.39%	n/a+5.19%
Max drawdown	FTBD BYLD	-3.40%-3.46%	-4.24%-3.82%	-4.83%-3.82%	n/a-14.15%
Max drawdown duration	FTBD BYLD	64d64d	241d121d	280d121d	n/a1010d

Trading data

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	FTBD	BYLD
Last sale 10/29/2026 at 3:54 PM	$47.37	$21.81
Previous close 10/28/2026	$47.43	$21.81
Consolidated volume 10/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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FTBD

is actively managed and doesn’t replicate an index

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	FTBD	BYLD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/29/2026 at 3:54 PM

Live

Closed

	FTBD	BYLD
Last price	$47.37	$21.81
1D performance	-0.13%	-0.02%
AuM	$37.98 M	$421.86 M
E/R	0.55%	0.41%

Characteristics

	FTBD	BYLD
Management strategy	Active	Passive
Provider	Fidelity	iShares
Benchmark	-	Morningstar U.S. Bond Market Yield-Optimized Index
N° of holdings	633	2
Asset class	-	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	January 26, 2023	April 22, 2014
ESG	No	No

More FTBD data on Trackinsight

More BYLD data on Trackinsight

Exposure

Countries

FTBD

USA

73.51%

Other

26.49%

BYLD

USA

72.07%

Other

27.93%

Sectors

FTBD

Sovereign

53.35%

Finance

8.23%

Other

38.42%

BYLD

Finance

18.52%

Sovereign

18.19%

Industrials

10.29%

Other

53%

Diversification

FTBD

Total weight of top 15 holdings out of 15

56.78%

BYLD

Total weight of top 8 holdings out of 8

99.93%

Top 15 holdings

Data as of August 31, 2026

FTBD

USA, Notes 4.375% 15may2034, USD (C-2034)

19.30%

USA, Bonds 4.75% 15may2055, USD

6.13%

US31635A1051

5.42%

USA, Notes 4.25% 15aug2035, USD (E-2035)

4.46%

USA, Notes 3.75% 31jan2031, USD (U-2031)

4.28%

USA, Bonds 4.75% 15feb2056, USD

3.31%

USA, Bonds 3.625% 15feb2053, USD

3.11%

Fidelity Advisor Series I - Real Estate High Income Fund

1.88%

USA, Bonds 4.25% 15aug2054, USD

1.52%

Fidelity Securities Lending Cash Central Fund

1.46%

Pemex, 7.69% 23jan2050, USD

1.40%

USA, Bonds 4% 15nov2052, USD

1.34%

USA, Notes 4.125% 15feb2036, USD (B-2036)

1.14%

USA, Notes 4.5% 31dec2031, USD (T-2031)

1.03%

USA, Notes 4% 31jan2033, USD (G-2033)

1.00%

BYLD

US46435U7963

25.97%

US46435U8532

19.98%

US4642886380

17.30%

US46429B3336

9.97%

US4642865178

9.97%

US4642895118

9.25%

US46435G2194

7.40%

BlackRock Cash Funds - Treasury

0.09%

Frequently asked questions about FTBD and BYLD

How have the FTBD and BYLD ETFs performed in 2026?

As of October 28, 2026, FTBD is down -0.67% year-to-date (YTD), while BYLD has lost -0.42%. That puts BYLD better performer ahead so far this year.

Which ETF is attracting more investor money: FTBD or BYLD?

Year-to-date, the FTBD ETF saw +$7M in flows, compared to +$136M for BYLD.

Which ETF is more volatile: FTBD or BYLD?

Over the past year, FTBD had a volatility of 3.82%, while BYLD experienced 3.97%.

Which ETF is bigger: FTBD or BYLD?

As of October 28, 2026, FTBD holds $37.98 M in assets under management (AUM), while BYLD manages $421.86 M.

What sectors do the FTBD and BYLD ETFs invest in?

FTBD leans toward sectors like Sovereign and Finance. Meanwhile, BYLD focuses on Finance, Sovereign and Industrials.

What are the top holdings of the FTBD ETF and BYLD ETF?

FTBD top holdings include USA, Notes 4.375% 15may2034, USD (C-2034), USA, Bonds 4.75% 15may2055, USD and US31635A1051. BYLD holds in its top three: US46435U7963, US46435U8532 and US4642886380.

Which ETF is more diversified: FTBD or BYLD?

FTBD holds 715 securities with 56.78% of its assets in the top 15. BYLD has 9900 securities and a top 15 weight of 99.93%.

Fidelity Tactical Bond ETF (NYSE Arca: FTBD)

July 2, 2023

FTBD

FTBDvsBYLDETF Comparison

Fidelity Tactical Bond ETF

iShares Yield Optimized Bond ETF

FTBD vs BYLD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FTBD and BYLD ETFs performed in 2026?

As of October 28, 2026, FTBD is down -0.67% year-to-date (YTD), while BYLD has lost -0.42%. That puts BYLD better performer ahead so far this year.

Which ETF is attracting more investor money: FTBD or BYLD?

Year-to-date, the FTBD ETF saw +$7M in flows, compared to +$136M for BYLD.

Which ETF is more volatile: FTBD or BYLD?

Over the past year, FTBD had a volatility of 3.82%, while BYLD experienced 3.97%.

Which ETF is bigger: FTBD or BYLD?

As of October 28, 2026, FTBD holds $37.98 M in assets under management (AUM), while BYLD manages $421.86 M.

What sectors do the FTBD and BYLD ETFs invest in?

FTBD leans toward sectors like Sovereign and Finance. Meanwhile, BYLD focuses on Finance, Sovereign and Industrials.

What are the top holdings of the FTBD ETF and BYLD ETF?

FTBD top holdings include USA, Notes 4.375% 15may2034, USD (C-2034), USA, Bonds 4.75% 15may2055, USD and US31635A1051. BYLD holds in its top three: US46435U7963, US46435U8532 and US4642886380.

Which ETF is more diversified: FTBD or BYLD?

FTBD holds 715 securities with 56.78% of its assets in the top 15. BYLD has 9900 securities and a top 15 weight of 99.93%.

Fidelity Tactical Bond ETF (NYSE Arca: FTBD)

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