FCOR vs. AGG
Compare and contrast key facts about Fidelity Corporate Bond ETF (FCOR) and iShares Core U.S. Aggregate Bond ETF (AGG).
FCOR and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCOR is an actively managed fund by Fidelity. It was launched on Oct 6, 2014. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCOR or AGG.
Key characteristics
| FCOR | AGG | |
|---|---|---|
| YTD Return | -2.72% | -3.19% |
| 1Y Return | 2.68% | -0.47% |
| 3Y Return (Ann) | -3.09% | -3.54% |
| 5Y Return (Ann) | 1.08% | -0.14% |
| Sharpe Ratio | 0.21 | -0.22 |
| Daily Std Dev | 7.11% | 6.90% |
| Max Drawdown | -22.60% | -18.43% |
| Current Drawdown | -12.49% | -12.98% |
Correlation
The correlation between FCOR and AGG is 0.77, 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
FCOR vs. AGG - Performance Comparison
In the year-to-date period, FCOR achieves a -2.72% return, which is significantly higher than AGG's -3.19% 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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FCOR vs. AGG - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is higher than AGG's 0.05% expense ratio.
Risk-Adjusted Performance
FCOR vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
FCOR vs. AGG - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.03%, more than AGG's 3.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 4.03% | 3.70% | 3.30% | 2.34% | 2.99% | 3.10% | 3.65% | 2.81% | 3.04% | 3.82% | 0.63% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.15% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
FCOR vs. AGG - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for FCOR and AGG. For additional features, visit the drawdowns tool.
Volatility
FCOR vs. AGG - Volatility Comparison
Fidelity Corporate Bond ETF (FCOR) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.77% and 1.78%, 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.