FCOR vs. VCIT
Compare and contrast key facts about Fidelity Corporate Bond ETF (FCOR) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT).
FCOR and VCIT 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. VCIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5-10 Year Corp Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCOR or VCIT.
Performance
FCOR vs. VCIT - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FCOR having a 3.14% return and VCIT slightly higher at 3.22%. Both investments have delivered pretty close results over the past 10 years, with FCOR having a 2.66% annualized return and VCIT not far ahead at 2.79%.
FCOR
3.14%
-1.48%
3.65%
9.41%
0.86%
2.66%
VCIT
3.22%
-2.05%
3.69%
9.22%
0.98%
2.79%
Key characteristics
| FCOR | VCIT | |
|---|---|---|
| Sharpe Ratio | 1.67 | 1.76 |
| Sortino Ratio | 2.51 | 2.61 |
| Omega Ratio | 1.30 | 1.31 |
| Calmar Ratio | 0.66 | 0.76 |
| Martin Ratio | 6.56 | 7.10 |
| Ulcer Index | 1.55% | 1.40% |
| Daily Std Dev | 6.10% | 5.66% |
| Max Drawdown | -22.60% | -20.56% |
| Current Drawdown | -7.23% | -5.16% |
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FCOR vs. VCIT - Expense Ratio Comparison
FCOR has a 0.36% expense ratio, which is higher than VCIT's 0.04% expense ratio.
Correlation
The correlation between FCOR and VCIT is 0.80, 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. VCIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Corporate Bond ETF (FCOR) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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. VCIT - Dividend Comparison
FCOR's dividend yield for the trailing twelve months is around 4.20%, less than VCIT's 4.30% 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% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.30% | 3.72% | 3.04% | 2.88% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% | 3.34% | 4.00% |
Drawdowns
FCOR vs. VCIT - Drawdown Comparison
The maximum FCOR drawdown since its inception was -22.60%, which is greater than VCIT's maximum drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for FCOR and VCIT. For additional features, visit the drawdowns tool.
Volatility
FCOR vs. VCIT - Volatility Comparison
Fidelity Corporate Bond ETF (FCOR) has a higher volatility of 2.38% compared to Vanguard Intermediate-Term Corporate Bond ETF (VCIT) at 1.74%. This indicates that FCOR's price experiences larger fluctuations and is considered to be riskier than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.