Fidelity Corporate Bond ETF (FCOR)

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Fidelity Corporate Bond ETF (FCOR) is up 0.8% since the beginning of the year. FCOR is currently trading at $47 per share. Investors who bought $1,000 worth of FCOR shares 5 years ago would now be looking at an investment worth $1,031.

Fidelity Corporate Bond ETF (FCOR) has returned 0.84% so far this year and 6.03% over the past 12 months. Over the last ten years, FCOR has returned 2.91% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Oct 9, 2014, FCOR's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.

Historically, 56% of months were positive and 44% were negative. The best month was Nov 2023 with a return of +6.1%, while the worst month was Mar 2020 at -8.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FCOR closed higher 53% of trading days. The best single day was Aug 7, 2018 with a return of +4.9%, while the worst single day was Mar 12, 2020 at -5.0%.

Fidelity Corporate Bond ETF has an annualized alpha of 1.94%, beta of 0.09, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since October 09, 2014.

• This ETF participated in 31.47% of S&P 500 Index downside but only 22.56% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.09 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FCOR has an expense ratio of 0.36%, placing it in the medium range.

FCOR ranks 40 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Fidelity Corporate Bond ETF provided a 4.53% dividend yield over the last twelve months, with an annual payout of $2.14 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Fidelity Corporate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Corporate Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Corporate Bond ETF was 22.60%, occurring on Oct 20, 2022. Recovery took 748 trading sessions.

The current Fidelity Corporate Bond ETF drawdown is 0.82%.

The chart below shows the rolling one-month volatility.