FCOR vs. FCBFX
Compare and contrast key facts about Fidelity Corporate Bond ETF (FCOR) and Fidelity Corporate Bond Fund (FCBFX).
FCOR is an actively managed fund by Fidelity. It was launched on Oct 6, 2014. FCBFX is managed by Fidelity. It was launched on May 4, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCOR or FCBFX.
Key characteristics
| FCOR | FCBFX | |
|---|---|---|
| YTD Return | -1.76% | -1.48% |
| 1Y Return | 2.53% | 2.31% |
| 3Y Return (Ann) | -2.78% | -3.03% |
| 5Y Return (Ann) | 1.26% | 1.04% |
| Sharpe Ratio | 0.39 | 0.42 |
| Daily Std Dev | 6.99% | 7.15% |
| Max Drawdown | -22.60% | -22.75% |
| Current Drawdown | -11.63% | -12.28% |
Correlation
The correlation between FCOR and FCBFX 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.
Performance
FCOR vs. FCBFX - Performance Comparison
In the year-to-date period, FCOR achieves a -1.76% return, which is significantly lower than FCBFX's -1.48% 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. FCBFX - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is lower than FCBFX's 0.44% expense ratio.
Risk-Adjusted Performance
FCOR vs. FCBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and Fidelity Corporate Bond Fund (FCBFX). 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. FCBFX - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 3.99%, more than FCBFX's 3.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 3.99% | 3.70% | 3.30% | 2.34% | 2.99% | 3.10% | 3.65% | 2.81% | 3.04% | 3.82% | 0.63% | 0.00% |
FCBFX Fidelity Corporate Bond Fund | 3.91% | 3.74% | 3.36% | 3.02% | 3.39% | 3.28% | 3.64% | 3.17% | 3.26% | 3.32% | 3.07% | 2.91% |
Drawdowns
FCOR vs. FCBFX - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, roughly equal to the maximum FCBFX drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for FCOR and FCBFX. For additional features, visit the drawdowns tool.
Volatility
FCOR vs. FCBFX - Volatility Comparison
The current volatility for Fidelity Corporate Bond ETF (FCOR) is 1.93%, while Fidelity Corporate Bond Fund (FCBFX) has a volatility of 2.07%. This indicates that FCOR experiences smaller price fluctuations and is considered to be less risky than FCBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.