FCBFX vs. FCOR
Compare and contrast key facts about Fidelity Corporate Bond Fund (FCBFX) and Fidelity Corporate Bond ETF (FCOR).
FCBFX is managed by Fidelity. It was launched on May 4, 2010. FCOR is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCBFX or FCOR.
Performance
FCBFX vs. FCOR - Performance Comparison
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FCBFX at 3.14% and FCOR at 3.14%. Over the past 10 years, FCBFX has underperformed FCOR with an annualized return of 2.47%, while FCOR has yielded a comparatively higher 2.66% annualized return.
FCBFX
3.14%
-1.54%
3.38%
9.24%
0.30%
2.47%
FCOR
3.14%
-1.48%
3.65%
9.41%
0.86%
2.66%
Key characteristics
| FCBFX | FCOR | |
|---|---|---|
| Sharpe Ratio | 1.44 | 1.67 |
| Sortino Ratio | 2.14 | 2.51 |
| Omega Ratio | 1.26 | 1.30 |
| Calmar Ratio | 0.54 | 0.66 |
| Martin Ratio | 5.62 | 6.56 |
| Ulcer Index | 1.57% | 1.55% |
| Daily Std Dev | 6.12% | 6.10% |
| Max Drawdown | -23.12% | -22.60% |
| Current Drawdown | -8.60% | -7.23% |
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FCBFX vs. FCOR - Expense Ratio Comparison
FCBFX has a 0.44% expense ratio, which is higher than FCOR's 0.36% expense ratio.
Correlation
The correlation between FCBFX and FCOR is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FCBFX vs. FCOR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond Fund (FCBFX) and Fidelity Corporate Bond ETF (FCOR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FCBFX vs. FCOR - Dividend Comparison
FCBFX's dividend yield for the trailing twelve months is around 3.92%, less than FCOR's 4.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | 3.92% | 3.74% | 3.37% | 2.53% | 2.58% | 3.29% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% | 2.91% |
FCOR Fidelity Corporate Bond ETF | 4.20% | 3.70% | 3.30% | 2.34% | 2.99% | 3.10% | 3.65% | 2.81% | 3.04% | 3.82% | 0.63% | 0.00% |
Drawdowns
FCBFX vs. FCOR - Drawdown Comparison
The maximum FCBFX drawdown since its inception was -23.12%, roughly equal to the maximum FCOR drawdown of -22.60%. Use the drawdown chart below to compare losses from any high point for FCBFX and FCOR. For additional features, visit the drawdowns tool.
Volatility
FCBFX vs. FCOR - Volatility Comparison
The current volatility for Fidelity Corporate Bond Fund (FCBFX) is 1.92%, while Fidelity Corporate Bond ETF (FCOR) has a volatility of 2.38%. This indicates that FCBFX experiences smaller price fluctuations and is considered to be less risky than FCOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.