FLDR vs. VCPIX

Last updated Jun 5, 2026

FLDR (Fidelity Low Duration Bond Factor ETF) and VCPIX (Vanguard Core-Plus Bond Fund Investor Shares) are both funds - FLDR is a Corporate Bonds fund tracking the Fidelity Low Duration Investment Grade Factor Index, while VCPIX is a Total Bond Market fund managed by Vanguard. Over the past 3 years, FLDR returned 5.35%/yr vs 5.26%/yr for VCPIX. A 0.65 correlation means they provide meaningful diversification when combined. FLDR charges 0.15%/yr vs 0.30%/yr for VCPIX.

Performance

FLDR vs. VCPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low Duration Bond Factor ETF (FLDR) and Vanguard Core-Plus Bond Fund Investor Shares (VCPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLDR achieves a 1.44% return, which is significantly higher than VCPIX's 0.50% return.

FLDR

• 1D: 0.00%
• 1M: 0.35%
• YTD: 1.44%
• 6M: 1.76%
• 1Y: 4.70%
• 3Y*: 5.35%
• 5Y*: 3.70%
• 10Y*: —

VCPIX

• 1D: -0.12%
• 1M: 0.16%
• YTD: 0.50%
• 6M: 0.67%
• 1Y: 5.30%
• 3Y*: 5.26%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLDR vs. VCPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FLDR Fidelity Low Duration Bond Factor ETF	1.44%	5.41%	5.71%	6.32%	-0.33%	-0.07%
VCPIX Vanguard Core-Plus Bond Fund Investor Shares	0.50%	8.01%	2.83%	6.64%	-12.68%	0.35%

Correlation

The correlation between FLDR and VCPIX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 15, 2021	0.65

The correlation between FLDR and VCPIX has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.

Return for Risk

FLDR vs. VCPIX — Risk / Return Rank

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

FLDR

FLDR Risk / Return Rank: 98
FLDR Sharpe Ratio Rank: 98
FLDR Sortino Ratio Rank: 99
FLDR Omega Ratio Rank: 99
FLDR Calmar Ratio Rank: 97
FLDR Martin Ratio Rank: 98

VCPIX

VCPIX Risk / Return Rank: 34
VCPIX Sharpe Ratio Rank: 33
VCPIX Sortino Ratio Rank: 35
VCPIX Omega Ratio Rank: 34
VCPIX Calmar Ratio Rank: 34
VCPIX Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLDR vs. VCPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) and Vanguard Core-Plus Bond Fund Investor Shares (VCPIX). 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.

	FLDR	VCPIX	Difference
Sharpe ratio: Return per unit of total volatility	5.88	1.67	+4.21
Sortino ratio: Return per unit of downside risk	9.93	2.48	+7.45
Omega ratio: Gain probability vs. loss probability	2.73	1.31	+1.43
Calmar ratio: Return relative to maximum drawdown	10.10	2.19	+7.92
Martin ratio: Return relative to average drawdown	69.31	7.07	+62.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLDR vs. VCPIX - Sharpe Ratio Comparison

The current FLDR Sharpe Ratio is 5.88, which is higher than the VCPIX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of FLDR and VCPIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLDR	VCPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.88	1.67	+4.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.16	+0.45

Drawdowns

FLDR vs. VCPIX - Drawdown Comparison

The maximum FLDR drawdown since its inception was -12.23%, smaller than the maximum VCPIX drawdown of -17.33%. Use the drawdown chart below to compare losses from any high point for FLDR and VCPIX.

Drawdown Indicators

	FLDR	VCPIX	Difference
Max Drawdown Largest peak-to-trough decline	-12.23%	-17.33%	+5.10%
Max Drawdown (1Y) Largest decline over 1 year	-0.47%	-2.72%	+2.25%
Max Drawdown (3Y) Largest decline over 3 years	-0.76%	-5.68%	+4.92%
Max Drawdown (5Y) Largest decline over 5 years	-2.33%	—	—
Current Drawdown Current decline from peak	-0.02%	-1.24%	+1.22%
Average Drawdown Average peak-to-trough decline	-0.35%	-6.59%	+6.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	0.84%	-0.77%

Volatility

FLDR vs. VCPIX - Volatility Comparison

The current volatility for Fidelity Low Duration Bond Factor ETF (FLDR) is 0.19%, while Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) has a volatility of 1.18%. This indicates that FLDR experiences smaller price fluctuations and is considered to be less risky than VCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLDR	VCPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.19%	1.18%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	0.58%	2.58%	-2.00%
Volatility (1Y) Calculated over the trailing 1-year period	0.80%	3.56%	-2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.21%	5.69%	-4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.26%	5.69%	-0.43%

FLDR vs. VCPIX - Expense Ratio Comparison

FLDR has a 0.15% expense ratio, which is lower than VCPIX's 0.30% expense ratio.

Dividends

FLDR vs. VCPIX - Dividend Comparison

FLDR's dividend yield for the trailing twelve months is around 4.43%, less than VCPIX's 4.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLDR Fidelity Low Duration Bond Factor ETF	4.43%	4.66%	5.50%	5.28%	2.09%	0.51%	1.22%	2.69%	1.38%
VCPIX Vanguard Core-Plus Bond Fund Investor Shares	4.75%	4.76%	5.08%	4.46%	3.15%	0.25%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLDR and VCPIX in my portfolio?

FLDR and VCPIX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLDR or VCPIX?

VCPIX has higher volatility (1.18%) compared to FLDR (0.19%). In terms of maximum drawdown, FLDR dropped -12.23% vs VCPIX's -17.33%.

Which has better risk-adjusted returns?

FLDR currently has the higher Sharpe Ratio (5.88 vs 1.67), 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.