FCOR vs. FBND
Compare and contrast key facts about Fidelity Corporate Bond ETF (FCOR) and Fidelity Total Bond ETF (FBND).
FCOR and FBND 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. FBND 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: FCOR or FBND.
Performance
FCOR vs. FBND - Performance Comparison
Returns By Period
In the year-to-date period, FCOR achieves a 3.14% return, which is significantly higher than FBND's 2.31% return. Over the past 10 years, FCOR has outperformed FBND with an annualized return of 2.66%, while FBND has yielded a comparatively lower 2.23% annualized return.
FCOR
3.14%
-1.48%
3.65%
9.41%
0.86%
2.66%
FBND
2.31%
-1.43%
3.15%
7.58%
0.95%
2.23%
Key characteristics
| FCOR | FBND | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.46 |
| Sortino Ratio | 2.51 | 2.11 |
| Omega Ratio | 1.30 | 1.26 |
| Calmar Ratio | 0.66 | 0.69 |
| Martin Ratio | 6.56 | 5.58 |
| Ulcer Index | 1.55% | 1.51% |
| Daily Std Dev | 6.10% | 5.80% |
| Max Drawdown | -22.60% | -17.25% |
| Current Drawdown | -7.23% | -5.36% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FCOR vs. FBND - Expense Ratio Comparison
Both FCOR and FBND have an expense ratio of 0.36%.
Correlation
The correlation between FCOR and FBND is 0.76, 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
FCOR vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and Fidelity Total Bond ETF (FBND). 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. FBND - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.20%, less than FBND's 4.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FBND Fidelity Total Bond ETF | 4.60% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
FCOR vs. FBND - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FCOR and FBND. For additional features, visit the drawdowns tool.
Volatility
FCOR vs. FBND - Volatility Comparison
Fidelity Corporate Bond ETF (FCOR) has a higher volatility of 2.38% compared to Fidelity Total Bond ETF (FBND) at 1.53%. This indicates that FCOR's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.