FCOR vs. LQD
Compare and contrast key facts about Fidelity Corporate Bond ETF (FCOR) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).
FCOR and LQD 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. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCOR or LQD.
Performance
FCOR vs. LQD - Performance Comparison
Returns By Period
In the year-to-date period, FCOR achieves a 3.14% return, which is significantly higher than LQD's 1.49% return. Over the past 10 years, FCOR has outperformed LQD with an annualized return of 2.66%, while LQD has yielded a comparatively lower 2.48% annualized return.
FCOR
3.14%
-1.48%
3.65%
9.41%
0.86%
2.66%
LQD
1.49%
-2.74%
3.22%
8.69%
0.13%
2.48%
Key characteristics
| FCOR | LQD | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.29 |
| Sortino Ratio | 2.51 | 1.89 |
| Omega Ratio | 1.30 | 1.22 |
| Calmar Ratio | 0.66 | 0.54 |
| Martin Ratio | 6.56 | 4.41 |
| Ulcer Index | 1.55% | 2.18% |
| Daily Std Dev | 6.10% | 7.42% |
| Max Drawdown | -22.60% | -24.95% |
| Current Drawdown | -7.23% | -10.62% |
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FCOR vs. LQD - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is higher than LQD's 0.15% expense ratio.
Correlation
The correlation between FCOR and LQD is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
FCOR vs. LQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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. LQD - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.20%, less than LQD's 4.41% 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% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.41% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% | 3.39% | 3.83% |
Drawdowns
FCOR vs. LQD - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for FCOR and LQD. For additional features, visit the drawdowns tool.
Volatility
FCOR vs. LQD - Volatility Comparison
Fidelity Corporate Bond ETF (FCOR) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) have volatilities of 2.38% and 2.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.