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.
Performance
FCOR vs. FCBFX - Performance Comparison
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FCOR at 3.14% and FCBFX at 3.14%. Over the past 10 years, FCOR has outperformed FCBFX with an annualized return of 2.66%, while FCBFX has yielded a comparatively lower 2.47% annualized return.
FCOR
3.14%
-1.48%
3.65%
9.41%
0.86%
2.66%
FCBFX
3.14%
-1.54%
3.38%
9.24%
0.30%
2.47%
Key characteristics
| FCOR | FCBFX | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.44 |
| Sortino Ratio | 2.51 | 2.14 |
| Omega Ratio | 1.30 | 1.26 |
| Calmar Ratio | 0.66 | 0.54 |
| Martin Ratio | 6.56 | 5.62 |
| Ulcer Index | 1.55% | 1.57% |
| Daily Std Dev | 6.10% | 6.12% |
| Max Drawdown | -22.60% | -23.12% |
| Current Drawdown | -7.23% | -8.60% |
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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.
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.
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 4.20%, more than FCBFX's 3.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
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% |
Drawdowns
FCOR vs. FCBFX - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, roughly equal to the maximum FCBFX drawdown of -23.12%. 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
Fidelity Corporate Bond ETF (FCOR) has a higher volatility of 2.38% compared to Fidelity Corporate Bond Fund (FCBFX) at 1.92%. This indicates that FCOR's price experiences larger fluctuations and is considered to be riskier than FCBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.