Correlation
The correlation between FHPFX and VCSH is 0.07, 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.
FHPFX vs. VCSH
Compare and contrast key facts about Fidelity Series Investment Grade Securitized Fund (FHPFX) and Vanguard Short-Term Corporate Bond ETF (VCSH).
FHPFX is managed by Fidelity. It was launched on Aug 17, 2018. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate 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: FHPFX or VCSH.
Performance
FHPFX vs. VCSH - Performance Comparison
Loading data...
Key characteristics
FHPFX:
1.18
VCSH:
2.91
FHPFX:
1.59
VCSH:
4.23
FHPFX:
1.19
VCSH:
1.59
FHPFX:
0.67
VCSH:
5.35
FHPFX:
2.88
VCSH:
14.92
FHPFX:
2.20%
VCSH:
0.46%
FHPFX:
5.89%
VCSH:
2.45%
FHPFX:
-17.42%
VCSH:
-12.86%
FHPFX:
-4.25%
VCSH:
0.00%
Returns By Period
In the year-to-date period, FHPFX achieves a 2.02% return, which is significantly lower than VCSH's 2.66% return.
FHPFX
2.02%
-1.08%
0.94%
6.96%
1.31%
-0.59%
N/A
VCSH
2.66%
0.13%
2.73%
7.09%
3.98%
1.99%
2.49%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FHPFX vs. VCSH - Expense Ratio Comparison
FHPFX has a 0.00% expense ratio, which is lower than VCSH's 0.04% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FHPFX vs. VCSH — Risk-Adjusted Performance Rank
FHPFX
VCSH
FHPFX vs. VCSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Investment Grade Securitized Fund (FHPFX) and Vanguard Short-Term Corporate Bond ETF (VCSH). 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.
Loading data...
Dividends
FHPFX vs. VCSH - Dividend Comparison
FHPFX's dividend yield for the trailing twelve months is around 4.59%, more than VCSH's 4.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHPFX Fidelity Series Investment Grade Securitized Fund | 4.59% | 4.53% | 3.87% | 2.29% | 0.85% | 3.59% | 3.83% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.11% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.25% | 2.10% | 2.08% | 2.01% |
Drawdowns
FHPFX vs. VCSH - Drawdown Comparison
The maximum FHPFX drawdown since its inception was -17.42%, which is greater than VCSH's maximum drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for FHPFX and VCSH.
Loading data...
Volatility
FHPFX vs. VCSH - Volatility Comparison
Fidelity Series Investment Grade Securitized Fund (FHPFX) has a higher volatility of 1.67% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.69%. This indicates that FHPFX's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...