FCOR vs. FDVV
FCOR (Fidelity Corporate Bond ETF) and FDVV (Fidelity High Dividend ETF) are both exchange-traded funds - FCOR is a Corporate Bonds fund actively managed by Fidelity, while FDVV is a Large Cap Blend Equities fund tracking the Fidelity Core Dividend Index. FCOR is actively managed, while FDVV is passively managed. Over the past 5 years, FCOR returned 0.70%/yr vs 13.36%/yr for FDVV. At a 0.15 correlation, their price movements are largely independent. FCOR charges 0.36%/yr vs 0.29%/yr for FDVV.
Performance
FCOR vs. FDVV - Performance Comparison
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Returns By Period
In the year-to-date period, FCOR achieves a 0.48% return, which is significantly lower than FDVV's 8.39% return.
FCOR
- 1D
- -0.21%
- 1M
- 0.67%
- YTD
- 0.48%
- 6M
- 0.32%
- 1Y
- 6.06%
- 3Y*
- 5.65%
- 5Y*
- 0.70%
- 10Y*
- 2.89%
FDVV
- 1D
- -1.12%
- 1M
- 4.44%
- YTD
- 8.39%
- 6M
- 8.67%
- 1Y
- 23.45%
- 3Y*
- 20.08%
- 5Y*
- 13.36%
- 10Y*
- —
FCOR vs. FDVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 0.48% | 7.88% | 3.01% | 8.95% | -15.88% | -1.64% | 11.39% | 14.87% | -3.04% | 6.13% |
FDVV Fidelity High Dividend ETF | 8.39% | 17.08% | 21.81% | 18.00% | -4.21% | 29.24% | 2.80% | 24.07% | -1.26% | 14.00% |
Correlation
The correlation between FCOR and FDVV is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016 | 0.15 |
Over the past year, FCOR and FDVV have become more correlated (0.39) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
FCOR vs. FDVV — Risk / Return Rank
FCOR
FDVV
FCOR vs. FDVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and Fidelity High Dividend ETF (FDVV). 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.
| FCOR | FDVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 2.35 | -0.96 |
Sortino ratioReturn per unit of downside risk | 2.02 | 3.28 | -1.26 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.53 | -0.55 |
Martin ratioReturn relative to average drawdown | 6.21 | 10.54 | -4.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FCOR | FDVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.35 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.91 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.79 | -0.37 |
Drawdowns
FCOR vs. FDVV - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, smaller than the maximum FDVV drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FCOR and FDVV.
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Drawdown Indicators
| FCOR | FDVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -40.25% | +17.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -9.30% | +6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -15.90% | +9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -20.18% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -22.60% | — | — |
Current DrawdownCurrent decline from peak | -1.18% | -1.12% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -3.81% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.23% | -1.25% |
Volatility
FCOR vs. FDVV - Volatility Comparison
The current volatility for Fidelity Corporate Bond ETF (FCOR) is 1.61%, while Fidelity High Dividend ETF (FDVV) has a volatility of 3.14%. This indicates that FCOR experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCOR | FDVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 3.14% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.32% | 7.99% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 10.06% | -5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 14.75% | -7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 17.00% | -9.90% |
FCOR vs. FDVV - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Dividends
FCOR vs. FDVV - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.55%, more than FDVV's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 4.55% | 4.47% | 4.35% | 3.70% | 3.30% | 2.34% | 2.99% | 3.10% | 3.65% | 2.81% | 3.04% | 3.82% |
FDVV Fidelity High Dividend ETF | 2.72% | 2.89% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.66% | 1.04% | 0.00% |
Frequently Asked Questions
FCOR and FDVV have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDVV has higher volatility (3.14%) compared to FCOR (1.61%). In terms of maximum drawdown, FCOR dropped -22.60% vs FDVV's -40.25%.
On 5-year performance, FDVV leads with 13.36% vs 0.70% for FCOR. On fees, FDVV is cheaper at 0.29% per year. On volatility, FCOR has been the lower-risk option at 1.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FDVV has performed better with a 13.36% return vs 0.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDVV is cheaper with a 0.29% expense ratio, compared with 0.36% for FCOR.
FCOR has the higher dividend yield at 4.55%, compared with 2.72% for FDVV.
FCOR is categorized as Corporate Bonds, while FDVV is Large Cap Blend Equities. Their fees differ too: 0.36% for FCOR and 0.29% for FDVV.
FDVV currently has the higher Sharpe Ratio (2.35 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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