FCOR vs. IEI
FCOR (Fidelity Corporate Bond ETF) and IEI (iShares 3-7 Year Treasury Bond ETF) are both exchange-traded funds - FCOR is a Corporate Bonds fund actively managed by Fidelity, while IEI is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index. FCOR is actively managed, while IEI is passively managed. Over the past 10 years, FCOR returned 2.55%/yr vs 1.20%/yr for IEI. Their 0.70 correlation means they have sometimes moved together and sometimes differently. FCOR charges 0.36%/yr vs 0.15%/yr for IEI.
Performance
FCOR vs. IEI - Performance Comparison
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Returns By Period
In the year-to-date period, FCOR achieves a -0.59% return, which is significantly lower than IEI's -0.51% return. Over the past 10 years, FCOR has outperformed IEI with an annualized return of 2.55%, while IEI has yielded a comparatively lower 1.20% annualized return.
FCOR
- 1D
- 0.22%
- 1M
- -1.41%
- 6M
- -0.87%
- YTD
- -0.59%
- 1Y
- 1.97%
- 3Y*
- 5.32%
- 5Y*
- -0.12%
- 10Y*
- 2.55%
- ALL TIME*
- 2.79%
IEI
- 1D
- 0.10%
- 1M
- -0.44%
- 6M
- -0.38%
- YTD
- -0.51%
- 1Y
- 1.27%
- 3Y*
- 3.73%
- 5Y*
- 0.04%
- 10Y*
- 1.20%
- ALL TIME*
- 2.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.15M | $2.03M | $1.92M | |
| $171.19M | $154.03M | $149.91M |
FCOR vs. IEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | -0.59% | 7.88% | 3.01% | 8.95% | -15.88% | -1.64% | 11.39% | 14.87% | -3.04% | 6.13% |
IEI iShares 3-7 Year Treasury Bond ETF | -0.51% | 6.96% | 1.81% | 4.42% | -9.51% | -2.54% | 6.95% | 5.71% | 1.36% | 1.22% |
Correlation
The correlation between FCOR and IEI is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014 | 0.70 |
The correlation between FCOR and IEI shifts across timeframes, from 0.70 (all time) to 0.85 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCOR vs. IEI — Risk / Return Rank
FCOR
IEI
FCOR vs. IEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and iShares 3-7 Year Treasury Bond ETF (IEI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FCOR | IEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 0.51 | +0.14 |
| Martin ratioReturn relative to average drawdown | 1.71 | 1.16 | +0.55 |
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Drawdowns
FCOR vs. IEI - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, which is greater than IEI's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for FCOR and IEI.
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Drawdown Indicators
| FCOR | IEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -14.60% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.50% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -5.55% | -3.66% | -1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | -13.63% | -8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -22.60% | -14.60% | -8.00% |
Current DrawdownCurrent decline from peak | -2.22% | -1.95% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -2.67% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.10% | +0.05% |
Volatility
FCOR vs. IEI - Volatility Comparison
Fidelity Corporate Bond ETF (FCOR) has a higher volatility of 1.24% compared to iShares 3-7 Year Treasury Bond ETF (IEI) at 0.76%. This indicates that FCOR's price experiences larger fluctuations and is considered to be riskier than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCOR | IEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.76% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 2.36% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.34% | 2.89% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 4.79% | +2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 3.93% | +3.17% |
FCOR vs. IEI - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is higher than IEI's 0.15% expense ratio.
Dividends
FCOR vs. IEI - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.67%, more than IEI's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 4.67% | 4.47% | 4.35% | 3.70% | 3.30% | 2.34% | 2.99% | 3.10% | 3.65% | 2.81% | 3.04% | 3.82% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.71% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Frequently Asked Questions
FCOR and IEI 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 (1.24%) compared to IEI (0.76%). In terms of maximum drawdown, FCOR dropped -22.60% vs IEI's -14.60%.
On 10-year performance, FCOR leads with 2.55% vs 1.20% for IEI. On fees, IEI is cheaper at 0.15% per year. On volatility, IEI has been the lower-risk option at 0.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FCOR has performed better with a 2.55% return vs 1.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IEI is cheaper with a 0.15% expense ratio, compared with 0.36% for FCOR.
FCOR has the higher dividend yield at 4.67%, compared with 3.71% for IEI.
FCOR is categorized as Corporate Bonds, while IEI is Government Bonds. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.36% for FCOR and 0.15% for IEI.
FCOR currently has the higher Sharpe Ratio (0.46 vs 0.44), 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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