FCOR vs. IGIB
FCOR (Fidelity Corporate Bond ETF) and IGIB (iShares Intermediate-Term Corporate Bond ETF) are both Corporate Bonds funds. FCOR is actively managed, while IGIB is passively managed. Over the past 10 years, FCOR returned 2.89%/yr vs 3.04%/yr for IGIB. Their correlation of 0.81 suggests significant overlap in exposure. FCOR charges 0.36%/yr vs 0.06%/yr for IGIB.
Performance
FCOR vs. IGIB - Performance Comparison
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Returns By Period
In the year-to-date period, FCOR achieves a 0.48% return, which is significantly higher than IGIB's 0.21% return. Over the past 10 years, FCOR has underperformed IGIB with an annualized return of 2.89%, while IGIB has yielded a comparatively higher 3.04% annualized 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%
IGIB
- 1D
- -0.19%
- 1M
- 0.31%
- YTD
- 0.21%
- 6M
- 0.14%
- 1Y
- 6.27%
- 3Y*
- 6.21%
- 5Y*
- 1.37%
- 10Y*
- 3.04%
FCOR vs. IGIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 0.48% | 7.88% | 3.01% | 8.95% | -15.88% | -1.64% | 11.39% | 14.87% | -3.04% | 6.13% |
IGIB iShares Intermediate-Term Corporate Bond ETF | 0.21% | 9.58% | 3.49% | 9.22% | -14.00% | -1.66% | 9.64% | 14.60% | -0.71% | 3.50% |
Correlation
The correlation between FCOR and IGIB is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2014 | 0.82 |
The correlation between FCOR and IGIB shifts across timeframes, from 0.81 (all time) to 0.94 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FCOR vs. IGIB — Risk / Return Rank
FCOR
IGIB
FCOR vs. IGIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and iShares Intermediate-Term Corporate Bond ETF (IGIB). 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 | IGIB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.52 | -0.13 |
Sortino ratioReturn per unit of downside risk | 2.02 | 2.26 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.09 | -0.10 |
Martin ratioReturn relative to average drawdown | 6.21 | 7.08 | -0.87 |
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 | IGIB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.52 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.21 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.50 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.70 | -0.27 |
Drawdowns
FCOR vs. IGIB - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, which is greater than IGIB's maximum drawdown of -20.62%. Use the drawdown chart below to compare losses from any high point for FCOR and IGIB.
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Drawdown Indicators
| FCOR | IGIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -20.62% | -1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -3.01% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -6.05% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -20.62% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -22.60% | -20.62% | -1.98% |
Current DrawdownCurrent decline from peak | -1.18% | -1.33% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -2.58% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.89% | +0.09% |
Volatility
FCOR vs. IGIB - Volatility Comparison
Fidelity Corporate Bond ETF (FCOR) has a higher volatility of 1.61% compared to iShares Intermediate-Term Corporate Bond ETF (IGIB) at 1.33%. This indicates that FCOR's price experiences larger fluctuations and is considered to be riskier than IGIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCOR | IGIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.33% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.32% | 3.08% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 4.14% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 6.56% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 6.06% | +1.04% |
FCOR vs. IGIB - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is higher than IGIB's 0.06% expense ratio.
Dividends
FCOR vs. IGIB - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.55%, less than IGIB's 4.82% 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% |
IGIB iShares Intermediate-Term Corporate Bond ETF | 4.82% | 4.59% | 4.41% | 3.78% | 3.04% | 2.52% | 2.74% | 3.44% | 3.41% | 2.51% | 2.45% | 2.51% |
Frequently Asked Questions
FCOR and IGIB have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCOR has higher volatility (1.61%) compared to IGIB (1.33%). In terms of maximum drawdown, FCOR dropped -22.60% vs IGIB's -20.62%.
On 10-year performance, IGIB leads with 3.04% vs 2.89% for FCOR. On fees, IGIB is cheaper at 0.06% per year. On volatility, IGIB has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGIB has performed better with a 3.04% return vs 2.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGIB is cheaper with a 0.06% expense ratio, compared with 0.36% for FCOR.
IGIB has the higher dividend yield at 4.82%, compared with 4.55% for FCOR.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.36% for FCOR and 0.06% for IGIB.
IGIB currently has the higher Sharpe Ratio (1.52 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.
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