FCBFX vs. VCIT
Compare and contrast key facts about Fidelity Corporate Bond Fund (FCBFX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
FCBFX is managed by Fidelity. It was launched on May 4, 2010. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCBFX or VCIT.
Key characteristics
| FCBFX | VCIT | |
|---|---|---|
| YTD Return | 0.16% | -0.23% |
| 1Y Return | 5.74% | 5.13% |
| 3Y Return (Ann) | -2.42% | -1.94% |
| 5Y Return (Ann) | 1.29% | 1.51% |
| 10Y Return (Ann) | 2.42% | 2.56% |
| Sharpe Ratio | 0.89 | 0.68 |
| Daily Std Dev | 7.10% | 6.91% |
| Max Drawdown | -22.75% | -20.56% |
| Current Drawdown | -10.82% | -8.34% |
Correlation
The correlation between FCBFX and VCIT is 0.84, 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.
Performance
FCBFX vs. VCIT - Performance Comparison
In the year-to-date period, FCBFX achieves a 0.16% return, which is significantly higher than VCIT's -0.23% return. Over the past 10 years, FCBFX has underperformed VCIT with an annualized return of 2.42%, while VCIT has yielded a comparatively higher 2.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCBFX vs. VCIT - Expense Ratio Comparison
FCBFX has a 0.44% expense ratio, which is higher than VCIT's 0.04% expense ratio.
Risk-Adjusted Performance
FCBFX vs. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond Fund (FCBFX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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. VCIT - Dividend Comparison
FCBFX's dividend yield for the trailing twelve months is around 3.85%, less than VCIT's 4.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCBFX Fidelity Corporate Bond Fund | 3.85% | 3.74% | 3.36% | 3.02% | 3.39% | 3.28% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% | 2.91% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.04% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
Drawdowns
FCBFX vs. VCIT - Drawdown Comparison
The maximum FCBFX drawdown since its inception was -22.75%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for FCBFX and VCIT. For additional features, visit the drawdowns tool.
Volatility
FCBFX vs. VCIT - Volatility Comparison
Fidelity Corporate Bond Fund (FCBFX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT) have volatilities of 1.44% and 1.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.