FCOR vs. FTEC
Compare and contrast key facts about Fidelity Corporate Bond ETF (FCOR) and Fidelity MSCI Information Technology Index ETF (FTEC).
FCOR and FTEC 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. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCOR or FTEC.
Performance
FCOR vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, FCOR achieves a 3.14% return, which is significantly lower than FTEC's 25.41% return. Over the past 10 years, FCOR has underperformed FTEC with an annualized return of 2.66%, while FTEC has yielded a comparatively higher 20.27% annualized return.
FCOR
3.14%
-1.48%
3.65%
9.41%
0.86%
2.66%
FTEC
25.41%
0.68%
13.63%
33.32%
22.12%
20.27%
Key characteristics
| FCOR | FTEC | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.60 |
| Sortino Ratio | 2.51 | 2.12 |
| Omega Ratio | 1.30 | 1.29 |
| Calmar Ratio | 0.66 | 2.21 |
| Martin Ratio | 6.56 | 7.95 |
| Ulcer Index | 1.55% | 4.24% |
| Daily Std Dev | 6.10% | 21.12% |
| Max Drawdown | -22.60% | -34.95% |
| Current Drawdown | -7.23% | -3.56% |
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FCOR vs. FTEC - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Correlation
The correlation between FCOR and FTEC is 0.12, 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.
Risk-Adjusted Performance
FCOR vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and Fidelity MSCI Information Technology Index ETF (FTEC). 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. FTEC - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.20%, more than FTEC's 0.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.63% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
FCOR vs. FTEC - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, smaller than the maximum FTEC drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for FCOR and FTEC. For additional features, visit the drawdowns tool.
Volatility
FCOR vs. FTEC - Volatility Comparison
The current volatility for Fidelity Corporate Bond ETF (FCOR) is 2.38%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.56%. This indicates that FCOR experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.