FSEC vs. RITM
FSEC (Fidelity Investment Grade Securitized ETF) is Intermediate Core Bond fund actively managed by Fidelity, while RITM (Rithm Capital Corp.) is a stock. Over the past 5 years, FSEC returned 0.58%/yr vs 7.21%/yr for RITM. At a 0.17 correlation, their price movements are largely independent.
Performance
FSEC vs. RITM - Performance Comparison
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Returns By Period
In the year-to-date period, FSEC achieves a 1.14% return, which is significantly higher than RITM's -13.25% return.
FSEC
- 1D
- 0.27%
- 1M
- 0.68%
- YTD
- 1.14%
- 6M
- 1.38%
- 1Y
- 6.18%
- 3Y*
- 4.91%
- 5Y*
- 0.58%
- 10Y*
- —
RITM
- 1D
- 0.77%
- 1M
- -0.54%
- YTD
- -13.25%
- 6M
- -12.45%
- 1Y
- -9.95%
- 3Y*
- 10.33%
- 5Y*
- 7.21%
- 10Y*
- 7.06%
FSEC vs. RITM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FSEC Fidelity Investment Grade Securitized ETF | 1.14% | 8.33% | 2.40% | 5.22% | -12.62% | -0.62% |
RITM Rithm Capital Corp. | -13.25% | 10.06% | 11.07% | 45.60% | -14.44% | 10.72% |
Correlation
The correlation between FSEC and RITM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.17 |
The correlation between FSEC and RITM shifts across timeframes, from 0.17 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FSEC vs. RITM — Risk / Return Rank
FSEC
RITM
FSEC vs. RITM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Securitized ETF (FSEC) and Rithm Capital Corp. (RITM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSEC | RITM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.94 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | -0.37 | +2.82 |
| Martin ratioReturn relative to average drawdown | 6.70 | -0.77 | +7.47 |
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Drawdowns
FSEC vs. RITM - Drawdown Comparison
The maximum FSEC drawdown since its inception was -17.97%, smaller than the maximum RITM drawdown of -81.11%. Use the drawdown chart below to compare losses from any high point for FSEC and RITM.
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Drawdown Indicators
| FSEC | RITM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.97% | -81.11% | +63.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -27.31% | +24.79% |
Max Drawdown (3Y)Largest decline over 3 years | -7.32% | -27.31% | +19.99% |
Max Drawdown (5Y)Largest decline over 5 years | -17.97% | -36.61% | +18.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.11% | — |
Current DrawdownCurrent decline from peak | -0.93% | -21.62% | +20.69% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -15.97% | +9.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 13.01% | -12.09% |
Volatility
FSEC vs. RITM - Volatility Comparison
The current volatility for Fidelity Investment Grade Securitized ETF (FSEC) is 1.29%, while Rithm Capital Corp. (RITM) has a volatility of 6.65%. This indicates that FSEC experiences smaller price fluctuations and is considered to be less risky than RITM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEC | RITM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 6.65% | -5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 19.17% | -15.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.29% | 22.55% | -17.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.78% | 27.45% | -20.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.60% | 40.19% | -33.59% |
Dividends
FSEC vs. RITM - Dividend Comparison
FSEC's dividend yield for the trailing twelve months is around 4.43%, less than RITM's 10.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSEC Fidelity Investment Grade Securitized ETF | 4.43% | 4.22% | 3.22% | 3.41% | 2.21% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RITM Rithm Capital Corp. | 10.86% | 9.17% | 9.23% | 9.36% | 12.24% | 8.40% | 5.03% | 12.41% | 14.07% | 11.07% | 11.70% | 14.39% |
Frequently Asked Questions
FSEC and RITM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RITM has higher volatility (6.65%) compared to FSEC (1.29%). In terms of maximum drawdown, FSEC dropped -17.97% vs RITM's -81.11%.
FSEC currently has the higher Sharpe Ratio (1.17 vs -0.44), 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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