FCOR vs. LQDH
FCOR (Fidelity Corporate Bond ETF) and LQDH (iShares Interest Rate Hedged Corporate Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 10 years, FCOR returned 2.89%/yr vs 4.64%/yr for LQDH. At a 0.24 correlation, their price movements are largely independent. FCOR charges 0.36%/yr vs 0.25%/yr for LQDH.
Performance
FCOR vs. LQDH - Performance Comparison
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Returns By Period
In the year-to-date period, FCOR achieves a 0.48% return, which is significantly lower than LQDH's 2.31% return. Over the past 10 years, FCOR has underperformed LQDH with an annualized return of 2.89%, while LQDH has yielded a comparatively higher 4.64% 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%
LQDH
- 1D
- -0.09%
- 1M
- 1.29%
- YTD
- 2.31%
- 6M
- 3.11%
- 1Y
- 7.62%
- 3Y*
- 8.08%
- 5Y*
- 5.28%
- 10Y*
- 4.64%
FCOR vs. LQDH - 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% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 2.31% | 7.00% | 7.43% | 11.14% | -1.88% | 1.84% | 1.68% | 9.50% | -2.20% | 6.00% |
Correlation
The correlation between FCOR and LQDH is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2014 | 0.24 |
The correlation between FCOR and LQDH shifts across timeframes, from 0.24 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FCOR vs. LQDH — Risk / Return Rank
FCOR
LQDH
FCOR vs. LQDH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and iShares Interest Rate Hedged Corporate Bond ETF (LQDH). 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 | LQDH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.57 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 3.26 | -1.28 |
| Martin ratioReturn relative to average drawdown | 6.21 | 13.85 | -7.64 |
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 | LQDH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.83 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 1.20 | -1.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.72 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.58 | -0.16 |
Drawdowns
FCOR vs. LQDH - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, smaller than the maximum LQDH drawdown of -24.63%. Use the drawdown chart below to compare losses from any high point for FCOR and LQDH.
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Drawdown Indicators
| FCOR | LQDH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -24.63% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.34% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -4.86% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -7.08% | -15.52% |
Max Drawdown (10Y)Largest decline over 10 years | -22.60% | -24.63% | +2.03% |
Current DrawdownCurrent decline from peak | -1.18% | -0.09% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -1.68% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.55% | +0.43% |
Volatility
FCOR vs. LQDH - Volatility Comparison
Fidelity Corporate Bond ETF (FCOR) has a higher volatility of 1.61% compared to iShares Interest Rate Hedged Corporate Bond ETF (LQDH) at 0.50%. This indicates that FCOR's price experiences larger fluctuations and is considered to be riskier than LQDH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCOR | LQDH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 0.50% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.32% | 2.03% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 2.70% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 4.41% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 6.44% | +0.66% |
FCOR vs. LQDH - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is higher than LQDH's 0.25% expense ratio.
Dividends
FCOR vs. LQDH - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.55%, less than LQDH's 5.95% 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% |
LQDH iShares Interest Rate Hedged Corporate Bond ETF | 5.95% | 6.06% | 7.57% | 7.69% | 3.73% | 1.65% | 2.22% | 3.09% | 5.08% | 2.37% | 2.33% | 2.98% |
Frequently Asked Questions
FCOR and LQDH have a correlation of 0.37, 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 LQDH (0.50%). In terms of maximum drawdown, FCOR dropped -22.60% vs LQDH's -24.63%.
On 10-year performance, LQDH leads with 4.64% vs 2.89% for FCOR. On fees, LQDH is cheaper at 0.25% per year. On volatility, LQDH has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, LQDH has performed better with a 4.64% return vs 2.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDH is cheaper with a 0.25% expense ratio, compared with 0.36% for FCOR.
LQDH has the higher dividend yield at 5.95%, compared with 4.55% for FCOR.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.36% for FCOR and 0.25% for LQDH.
LQDH currently has the higher Sharpe Ratio (2.83 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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