FCOR vs. FIGB
FCOR (Fidelity Corporate Bond ETF) and FIGB (Fidelity Investment Grade Bond ETF) are both exchange-traded funds - FCOR is a Corporate Bonds fund actively managed by Fidelity, while FIGB is a Intermediate Core Bond fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FCOR returned 0.70%/yr vs 0.24%/yr for FIGB. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.36% expense ratio.
Performance
FCOR vs. FIGB - Performance Comparison
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Returns By Period
In the year-to-date period, FCOR achieves a 0.48% return, which is significantly higher than FIGB's 0.14% 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%
FIGB
- 1D
- -0.14%
- 1M
- 0.11%
- YTD
- 0.14%
- 6M
- 0.08%
- 1Y
- 4.93%
- 3Y*
- 4.09%
- 5Y*
- 0.24%
- 10Y*
- —
FCOR vs. FIGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 0.48% | 7.88% | 3.01% | 8.95% | -15.88% | 3.15% |
FIGB Fidelity Investment Grade Bond ETF | 0.14% | 6.95% | 1.51% | 6.65% | -13.43% | 1.77% |
Correlation
The correlation between FCOR and FIGB is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2021 | 0.85 |
The correlation between FCOR and FIGB has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
FCOR vs. FIGB — Risk / Return Rank
FCOR
FIGB
FCOR vs. FIGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and Fidelity Investment Grade Bond ETF (FIGB). 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 | FIGB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.69 | +0.30 |
| Martin ratioReturn relative to average drawdown | 6.21 | 5.25 | +0.96 |
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 | FIGB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.19 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.04 | +0.06 |
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 | 0.07 | +0.36 |
Drawdowns
FCOR vs. FIGB - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, which is greater than FIGB's maximum drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for FCOR and FIGB.
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Drawdown Indicators
| FCOR | FIGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -18.08% | -4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.93% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -6.17% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -18.08% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -22.60% | — | — |
Current DrawdownCurrent decline from peak | -1.18% | -1.60% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -6.92% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.94% | +0.04% |
Volatility
FCOR vs. FIGB - Volatility Comparison
Fidelity Corporate Bond ETF (FCOR) has a higher volatility of 1.61% compared to Fidelity Investment Grade Bond ETF (FIGB) at 1.42%. This indicates that FCOR's price experiences larger fluctuations and is considered to be riskier than FIGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCOR | FIGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.42% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.32% | 2.87% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 4.16% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 6.28% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 6.17% | +0.93% |
FCOR vs. FIGB - Expense Ratio Comparison
Both FCOR and FIGB have an expense ratio of 0.36%.
Dividends
FCOR vs. FIGB - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.55%, more than FIGB's 4.11% 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% |
FIGB Fidelity Investment Grade Bond ETF | 4.11% | 4.15% | 4.28% | 3.79% | 2.44% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCOR and FIGB have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCOR has higher volatility (1.61%) compared to FIGB (1.42%). In terms of maximum drawdown, FCOR dropped -22.60% vs FIGB's -18.08%.
On 5-year performance, FCOR leads with 0.70% vs 0.24% for FIGB. Both ETFs have the same 0.36% expense ratio. On volatility, FIGB has been the lower-risk option at 1.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FCOR has performed better with a 0.70% return vs 0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FCOR and FIGB have the same expense ratio: 0.36% per year.
FCOR has the higher dividend yield at 4.55%, compared with 4.11% for FIGB.
FCOR is categorized as Corporate Bonds, while FIGB is Intermediate Core Bond.
FCOR currently has the higher Sharpe Ratio (1.39 vs 1.19), 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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