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.
Performance
FHPFX vs. VCSH - Performance Comparison
Loading graphics...
FHPFX vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHPFX Fidelity Series Investment Grade Securitized Fund | 0.03% | 8.76% | 1.81% | 5.29% | -12.28% | -1.06% | 4.84% | 6.69% | 1.41% |
VCSH Vanguard Short-Term Corporate Bond ETF | 0.13% | 6.77% | 4.91% | 6.20% | -5.62% | -0.63% | 5.13% | 7.02% | 0.60% |
Returns By Period
In the year-to-date period, FHPFX achieves a 0.03% return, which is significantly lower than VCSH's 0.13% return.
FHPFX
- 1D
- 0.44%
- 1M
- -2.05%
- YTD
- 0.03%
- 6M
- 1.61%
- 1Y
- 5.36%
- 3Y*
- 4.36%
- 5Y*
- 0.53%
- 10Y*
- —
VCSH
- 1D
- 0.29%
- 1M
- -0.83%
- YTD
- 0.13%
- 6M
- 1.37%
- 1Y
- 4.93%
- 3Y*
- 5.36%
- 5Y*
- 2.37%
- 10Y*
- 2.72%
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%.
Return for Risk
FHPFX vs. VCSH — Risk / Return Rank
FHPFX
VCSH
FHPFX vs. VCSH - Risk-Adjusted Trends 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.
| FHPFX | VCSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 2.17 | -0.91 |
Sortino ratioReturn per unit of downside risk | 1.82 | 3.19 | -1.37 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.45 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.29 | 3.52 | -1.23 |
Martin ratioReturn relative to average drawdown | 6.49 | 14.44 | -7.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FHPFX | VCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 2.17 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.83 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 1.01 | -0.69 |
Correlation
The correlation between FHPFX and VCSH is 0.78, 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.
Dividends
FHPFX vs. VCSH - Dividend Comparison
FHPFX's dividend yield for the trailing twelve months is around 4.10%, less than VCSH's 4.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHPFX Fidelity Series Investment Grade Securitized Fund | 4.10% | 4.41% | 4.54% | 3.53% | 1.70% | 0.58% | 3.20% | 3.81% | 1.16% | 0.00% | 0.00% | 0.00% |
VCSH Vanguard Short-Term Corporate Bond ETF | 4.41% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
Drawdowns
FHPFX vs. VCSH - Drawdown Comparison
The maximum FHPFX drawdown since its inception was -17.93%, 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 graphics...
Drawdown Indicators
| FHPFX | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.93% | -12.86% | -5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -1.40% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -17.79% | -9.48% | -8.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.86% | — |
Current DrawdownCurrent decline from peak | -2.05% | -0.83% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -4.60% | -0.97% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.34% | +0.67% |
Volatility
FHPFX vs. VCSH - Volatility Comparison
Fidelity Series Investment Grade Securitized Fund (FHPFX) has a higher volatility of 1.57% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 0.94%. 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 graphics...
Volatility by Period
| FHPFX | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 0.94% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 1.29% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.66% | 2.28% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 2.86% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.68% | 3.35% | +2.33% |