FCOR vs. FLDR

Last updated Jun 4, 2026

FCOR (Fidelity Corporate Bond ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both Corporate Bonds funds from Fidelity. FCOR is actively managed, while FLDR is passively managed. Over the past 5 years, FCOR returned 0.70%/yr vs 3.70%/yr for FLDR. At a 0.49 correlation, their price movements are largely independent. FCOR charges 0.36%/yr vs 0.15%/yr for FLDR.

Performance

FCOR vs. FLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Corporate Bond ETF (FCOR) and Fidelity Low Duration Bond Factor ETF (FLDR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCOR achieves a 0.48% return, which is significantly lower than FLDR's 1.44% 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%

FLDR

• 1D: -0.02%
• 1M: 0.41%
• YTD: 1.44%
• 6M: 1.76%
• 1Y: 4.76%
• 3Y*: 5.36%
• 5Y*: 3.70%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCOR vs. FLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FCOR Fidelity Corporate Bond ETF	0.48%	7.88%	3.01%	8.95%	-15.88%	-1.64%	11.39%	14.87%	0.68%
FLDR Fidelity Low Duration Bond Factor ETF	1.44%	5.41%	5.71%	6.32%	-0.33%	-0.18%	2.01%	4.52%	0.94%

Correlation

The correlation between FCOR and FLDR is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jun 15, 2018	0.49

The correlation between FCOR and FLDR shifts across timeframes, from 0.49 (all time) to 0.69 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

FCOR vs. FLDR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCOR

FCOR Risk / Return Rank: 38
FCOR Sharpe Ratio Rank: 39
FCOR Sortino Ratio Rank: 38
FCOR Omega Ratio Rank: 37
FCOR Calmar Ratio Rank: 40
FCOR Martin Ratio Rank: 39

FLDR

FLDR Risk / Return Rank: 98
FLDR Sharpe Ratio Rank: 98
FLDR Sortino Ratio Rank: 99
FLDR Omega Ratio Rank: 99
FLDR Calmar Ratio Rank: 96
FLDR Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCOR vs. FLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and Fidelity Low Duration Bond Factor ETF (FLDR). 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	FLDR	Difference
Sharpe ratio Return per unit of total volatility	1.39	5.95	-4.56
Sortino ratio Return per unit of downside risk	2.02	10.06	-8.04
Omega ratio Gain probability vs. loss probability	1.24	2.75	-1.51
Calmar ratio Return relative to maximum drawdown	1.99	10.24	-8.25
Martin ratio Return relative to average drawdown	6.21	70.25	-64.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCOR vs. FLDR - Sharpe Ratio Comparison

The current FCOR Sharpe Ratio is 1.39, which is lower than the FLDR Sharpe Ratio of 5.95. The chart below compares the historical Sharpe Ratios of FCOR and FLDR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FCOR	FLDR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	5.95	-4.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	3.07	-2.97
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	0.62	-0.19

Drawdowns

FCOR vs. FLDR - Drawdown Comparison

The maximum FCOR drawdown since its inception was -22.60%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for FCOR and FLDR.

Drawdown Indicators

	FCOR	FLDR	Difference
Max Drawdown Largest peak-to-trough decline	-22.60%	-12.23%	-10.37%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-0.47%	-2.59%
Max Drawdown (3Y) Largest decline over 3 years	-6.60%	-0.76%	-5.84%
Max Drawdown (5Y) Largest decline over 5 years	-22.60%	-2.33%	-20.27%
Max Drawdown (10Y) Largest decline over 10 years	-22.60%	—	—
Current Drawdown Current decline from peak	-1.18%	-0.02%	-1.16%
Average Drawdown Average peak-to-trough decline	-4.73%	-0.35%	-4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	0.07%	+0.91%

Volatility

FCOR vs. FLDR - Volatility Comparison

Fidelity Corporate Bond ETF (FCOR) has a higher volatility of 1.61% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.19%. This indicates that FCOR's price experiences larger fluctuations and is considered to be riskier than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCOR	FLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	0.19%	+1.42%
Volatility (6M) Calculated over the trailing 6-month period	3.32%	0.58%	+2.74%
Volatility (1Y) Calculated over the trailing 1-year period	4.38%	0.80%	+3.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.06%	1.21%	+5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.10%	5.26%	+1.84%

FCOR vs. FLDR - Expense Ratio Comparison

FCOR has a 0.36% expense ratio, which is higher than FLDR's 0.15% expense ratio.

Dividends

FCOR vs. FLDR - Dividend Comparison

FCOR's dividend yield for the trailing twelve months is around 4.55%, more than FLDR's 4.43% 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%
FLDR Fidelity Low Duration Bond Factor ETF	4.43%	4.66%	5.50%	5.28%	2.09%	0.51%	1.22%	2.69%	1.38%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCOR and FLDR in my portfolio?

FCOR and FLDR have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCOR or FLDR?

FCOR has higher volatility (1.61%) compared to FLDR (0.19%). In terms of maximum drawdown, FCOR dropped -22.60% vs FLDR's -12.23%.

Which ETF is better, FCOR or FLDR?

On 5-year performance, FLDR leads with 3.70% vs 0.70% for FCOR. On fees, FLDR is cheaper at 0.15% per year. On volatility, FLDR has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCOR or FLDR?

Over the 5-year period, FLDR has performed better with a 3.70% return vs 0.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCOR or FLDR?

FLDR is cheaper with a 0.15% expense ratio, compared with 0.36% for FCOR.

Which ETF pays a higher dividend yield, FCOR or FLDR?

FCOR has the higher dividend yield at 4.55%, compared with 4.43% for FLDR.

What is the main difference between FCOR and FLDR?

Their fees differ too: 0.36% for FCOR and 0.15% for FLDR.

Which has better risk-adjusted returns?

FLDR currently has the higher Sharpe Ratio (5.95 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.