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.
Performance
FCBFX vs. VCIT - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FCBFX having a 3.14% return and VCIT slightly higher at 3.22%. Over the past 10 years, FCBFX has underperformed VCIT with an annualized return of 2.47%, while VCIT has yielded a comparatively higher 2.79% annualized return.
FCBFX
3.14%
-1.54%
3.38%
9.24%
0.30%
2.47%
VCIT
3.22%
-2.05%
3.69%
9.22%
0.98%
2.79%
Key characteristics
| FCBFX | VCIT | |
|---|---|---|
| Sharpe Ratio | 1.44 | 1.76 |
| Sortino Ratio | 2.14 | 2.61 |
| Omega Ratio | 1.26 | 1.31 |
| Calmar Ratio | 0.54 | 0.76 |
| Martin Ratio | 5.62 | 7.10 |
| Ulcer Index | 1.57% | 1.40% |
| Daily Std Dev | 6.12% | 5.66% |
| Max Drawdown | -23.12% | -20.56% |
| Current Drawdown | -8.60% | -5.16% |
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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.
Correlation
The correlation between FCBFX and VCIT is 0.85, 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. 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 3.92%, less than VCIT's 4.30% 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% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.30% | 3.72% | 3.04% | 2.88% | 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 -23.12%, 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) has a higher volatility of 1.92% compared to Vanguard Intermediate-Term Corporate Bond ETF (VCIT) at 1.74%. This indicates that FCBFX's price experiences larger fluctuations and is considered to be riskier than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.