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FCOR vs. LQD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FCOR and LQD is 0.11, 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.


-0.50.00.51.0
Correlation: 0.1

Performance

FCOR vs. LQD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Corporate Bond ETF (FCOR) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). The values are adjusted to include any dividend payments, if applicable.

24.00%26.00%28.00%30.00%32.00%NovemberDecember2025FebruaryMarchApril
31.29%
28.80%
FCOR
LQD

Key characteristics

Sharpe Ratio

FCOR:

1.20

LQD:

0.93

Sortino Ratio

FCOR:

1.75

LQD:

1.34

Omega Ratio

FCOR:

1.21

LQD:

1.16

Calmar Ratio

FCOR:

0.59

LQD:

0.45

Martin Ratio

FCOR:

3.82

LQD:

2.63

Ulcer Index

FCOR:

1.96%

LQD:

2.67%

Daily Std Dev

FCOR:

6.25%

LQD:

7.55%

Max Drawdown

FCOR:

-22.60%

LQD:

-24.95%

Current Drawdown

FCOR:

-5.53%

LQD:

-9.20%

Returns By Period

In the year-to-date period, FCOR achieves a 1.96% return, which is significantly lower than LQD's 2.22% return. Over the past 10 years, FCOR has outperformed LQD with an annualized return of 2.60%, while LQD has yielded a comparatively lower 2.37% annualized return.


FCOR

YTD

1.96%

1M

-0.13%

6M

1.42%

1Y

7.91%

5Y*

0.90%

10Y*

2.60%

LQD

YTD

2.22%

1M

-0.07%

6M

0.97%

1Y

7.34%

5Y*

-0.18%

10Y*

2.37%

*Annualized

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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.


Expense ratio chart for FCOR: current value is 0.36%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FCOR: 0.36%
Expense ratio chart for LQD: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
LQD: 0.15%

Risk-Adjusted Performance

FCOR vs. LQD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCOR
The Risk-Adjusted Performance Rank of FCOR is 8080
Overall Rank
The Sharpe Ratio Rank of FCOR is 8585
Sharpe Ratio Rank
The Sortino Ratio Rank of FCOR is 8585
Sortino Ratio Rank
The Omega Ratio Rank of FCOR is 8282
Omega Ratio Rank
The Calmar Ratio Rank of FCOR is 6969
Calmar Ratio Rank
The Martin Ratio Rank of FCOR is 7979
Martin Ratio Rank

LQD
The Risk-Adjusted Performance Rank of LQD is 7272
Overall Rank
The Sharpe Ratio Rank of LQD is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of LQD is 7878
Sortino Ratio Rank
The Omega Ratio Rank of LQD is 7474
Omega Ratio Rank
The Calmar Ratio Rank of LQD is 5959
Calmar Ratio Rank
The Martin Ratio Rank of LQD is 7070
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for FCOR, currently valued at 1.20, compared to the broader market-1.000.001.002.003.004.00
FCOR: 1.20
LQD: 0.93
The chart of Sortino ratio for FCOR, currently valued at 1.75, compared to the broader market-2.000.002.004.006.008.00
FCOR: 1.75
LQD: 1.34
The chart of Omega ratio for FCOR, currently valued at 1.21, compared to the broader market0.501.001.502.002.50
FCOR: 1.21
LQD: 1.16
The chart of Calmar ratio for FCOR, currently valued at 0.59, compared to the broader market0.002.004.006.008.0010.0012.00
FCOR: 0.59
LQD: 0.45
The chart of Martin ratio for FCOR, currently valued at 3.82, compared to the broader market0.0020.0040.0060.00
FCOR: 3.82
LQD: 2.63

The current FCOR Sharpe Ratio is 1.20, which is comparable to the LQD Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of FCOR and LQD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50NovemberDecember2025FebruaryMarchApril
1.20
0.93
FCOR
LQD

Dividends

FCOR vs. LQD - Dividend Comparison

FCOR's dividend yield for the trailing twelve months is around 4.07%, less than LQD's 4.42% yield.


TTM20242023202220212020201920182017201620152014
FCOR
Fidelity Corporate Bond ETF
4.07%4.35%3.70%3.30%2.34%2.96%3.10%3.65%2.81%3.04%3.82%0.63%
LQD
iShares iBoxx $ Investment Grade Corporate Bond ETF
4.42%4.45%3.99%3.30%2.30%2.66%3.29%3.67%3.10%3.34%3.47%3.39%

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.


-12.00%-10.00%-8.00%-6.00%-4.00%NovemberDecember2025FebruaryMarchApril
-5.53%
-9.20%
FCOR
LQD

Volatility

FCOR vs. LQD - Volatility Comparison

The current volatility for Fidelity Corporate Bond ETF (FCOR) is 3.12%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 4.02%. This indicates that FCOR experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.50%2.00%2.50%3.00%3.50%4.00%NovemberDecember2025FebruaryMarchApril
3.12%
4.02%
FCOR
LQD