FCOR vs. FLRN
Compare and contrast key facts about Fidelity Corporate Bond ETF (FCOR) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN).
FCOR and FLRN 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. FLRN is a passively managed fund by State Street that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Nov 30, 2011.
Performance
FCOR vs. FLRN - Performance Comparison
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FCOR vs. FLRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | -0.39% | 7.88% | 3.01% | 8.95% | -15.88% | -1.64% | 11.39% | 14.87% | -3.04% | 6.13% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 0.84% | 5.01% | 6.32% | 6.54% | 1.31% | 0.39% | 0.77% | 4.02% | 1.39% | 1.81% |
Returns By Period
In the year-to-date period, FCOR achieves a -0.39% return, which is significantly lower than FLRN's 0.84% return. Both investments have delivered pretty close results over the past 10 years, with FCOR having a 3.11% annualized return and FLRN not far behind at 2.99%.
FCOR
- 1D
- 0.66%
- 1M
- -2.03%
- YTD
- -0.39%
- 6M
- 0.43%
- 1Y
- 4.95%
- 3Y*
- 5.13%
- 5Y*
- 0.83%
- 10Y*
- 3.11%
FLRN
- 1D
- 0.16%
- 1M
- 0.13%
- YTD
- 0.84%
- 6M
- 1.99%
- 1Y
- 4.67%
- 3Y*
- 5.88%
- 5Y*
- 4.00%
- 10Y*
- 2.99%
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FCOR vs. FLRN - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is higher than FLRN's 0.15% expense ratio.
Return for Risk
FCOR vs. FLRN — Risk / Return Rank
FCOR
FLRN
FCOR vs. FLRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN). 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 | FLRN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 2.58 | -1.62 |
Sortino ratioReturn per unit of downside risk | 1.31 | 3.22 | -1.91 |
Omega ratioGain probability vs. loss probability | 1.18 | 2.10 | -0.93 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 3.21 | -1.53 |
Martin ratioReturn relative to average drawdown | 5.30 | 26.30 | -21.00 |
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 | FLRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.58 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 2.39 | -2.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.71 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.49 | -0.07 |
Correlation
The correlation between FCOR and FLRN is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FCOR vs. FLRN - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.52%, less than FLRN's 4.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 4.52% | 4.47% | 4.35% | 3.70% | 3.30% | 2.34% | 2.99% | 3.10% | 3.65% | 2.81% | 3.04% | 3.82% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 4.69% | 4.89% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% |
Drawdowns
FCOR vs. FLRN - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, which is greater than FLRN's maximum drawdown of -14.64%. Use the drawdown chart below to compare losses from any high point for FCOR and FLRN.
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Drawdown Indicators
| FCOR | FLRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -14.64% | -7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -3.13% | -1.43% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -2.16% | -20.44% |
Max Drawdown (10Y)Largest decline over 10 years | -22.60% | -14.64% | -7.96% |
Current DrawdownCurrent decline from peak | -2.03% | 0.00% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -1.85% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.17% | +0.82% |
Volatility
FCOR vs. FLRN - Volatility Comparison
Fidelity Corporate Bond ETF (FCOR) has a higher volatility of 2.20% compared to SPDR Bloomberg Barclays Investment Grade Floating Rate ETF (FLRN) at 0.37%. This indicates that FCOR's price experiences larger fluctuations and is considered to be riskier than FLRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCOR | FLRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 0.37% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 0.54% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.22% | 1.82% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 1.69% | +5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.12% | 4.21% | +2.91% |