FCOR vs. FLDR
Compare and contrast key facts about Fidelity Corporate Bond ETF (FCOR) and Fidelity Low Duration Bond Factor ETF (FLDR).
FCOR and FLDR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCOR is an actively managed fund by Fidelity. It was launched on Oct 6, 2014. FLDR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Low Duration Investment Grade Factor Index. It was launched on Jun 12, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCOR or FLDR.
Performance
FCOR vs. FLDR - Performance Comparison
Returns By Period
In the year-to-date period, FCOR achieves a 3.14% return, which is significantly lower than FLDR's 5.13% return.
FCOR
3.14%
-1.48%
3.65%
9.41%
0.86%
2.66%
FLDR
5.13%
0.20%
2.91%
6.48%
2.61%
N/A
Key characteristics
| FCOR | FLDR | |
|---|---|---|
| Sharpe Ratio | 1.67 | 6.62 |
| Sortino Ratio | 2.51 | 13.27 |
| Omega Ratio | 1.30 | 2.74 |
| Calmar Ratio | 0.66 | 24.59 |
| Martin Ratio | 6.56 | 100.66 |
| Ulcer Index | 1.55% | 0.07% |
| Daily Std Dev | 6.10% | 1.00% |
| Max Drawdown | -22.60% | -12.23% |
| Current Drawdown | -7.23% | -0.01% |
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FCOR vs. FLDR - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is higher than FLDR's 0.15% expense ratio.
Correlation
The correlation between FCOR and FLDR is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FCOR vs. FLDR - Risk-Adjusted Performance 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.
Dividends
FCOR vs. FLDR - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.20%, less than FLDR's 5.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FLDR Fidelity Low Duration Bond Factor ETF | 5.58% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
FCOR vs. FLDR - Volatility Comparison
Fidelity Corporate Bond ETF (FCOR) has a higher volatility of 2.38% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.29%. 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.