FSEC vs. RITM

Last updated Jun 3, 2026

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 0.57%/yr vs 7.26%/yr for RITM. At a 0.17 correlation, their price movements are largely independent.

Performance

FSEC vs. RITM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Investment Grade Securitized ETF (FSEC) and Rithm Capital Corp. (RITM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSEC achieves a 0.97% return, which is significantly higher than RITM's -12.88% return.

FSEC

• 1D: 0.00%
• 1M: 0.20%
• YTD: 0.97%
• 6M: 1.42%
• 1Y: 7.15%
• 3Y*: 4.89%
• 5Y*: 0.57%
• 10Y*: —

RITM

• 1D: 1.65%
• 1M: -5.52%
• YTD: -12.88%
• 6M: -14.25%
• 1Y: -8.25%
• 3Y*: 12.59%
• 5Y*: 7.26%
• 10Y*: 6.59%

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

FSEC vs. RITM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSEC Fidelity Investment Grade Securitized ETF	0.97%	8.33%	2.40%	5.22%	-12.62%	-0.49%
RITM Rithm Capital Corp.	-12.88%	10.06%	11.07%	45.60%	-14.44%	12.76%

Correlation

The correlation between FSEC and RITM is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Mar 5, 2021	0.17

Return for Risk

FSEC vs. RITM — Risk / Return Rank

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

FSEC

FSEC Risk / Return Rank: 43
FSEC Sharpe Ratio Rank: 38
FSEC Sortino Ratio Rank: 40
FSEC Omega Ratio Rank: 39
FSEC Calmar Ratio Rank: 52
FSEC Martin Ratio Rank: 45

RITM

RITM Risk / Return Rank: 25
RITM Sharpe Ratio Rank: 24
RITM Sortino Ratio Rank: 22
RITM Omega Ratio Rank: 22
RITM Calmar Ratio Rank: 29
RITM Martin Ratio Rank: 26

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.

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.

	FSEC	RITM	Difference
Sharpe ratio Return per unit of total volatility	1.35	-0.38	+1.72
Sortino ratio Return per unit of downside risk	2.04	-0.37	+2.41
Omega ratio Gain probability vs. loss probability	1.26	0.95	+0.31
Calmar ratio Return relative to maximum drawdown	2.63	-0.33	+2.96
Martin ratio Return relative to average drawdown	7.56	-0.75	+8.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSEC vs. RITM - Sharpe Ratio Comparison

The current FSEC Sharpe Ratio is 1.35, which is higher than the RITM Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of FSEC and RITM, 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

	FSEC	RITM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	-0.38	+1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	0.27	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.22	-0.14

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.

Drawdown Indicators

	FSEC	RITM	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-1.09%	-21.28%	+20.19%
Average Drawdown Average peak-to-trough decline	-6.64%	-15.95%	+9.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	11.95%	-11.07%

Volatility

FSEC vs. RITM - Volatility Comparison

The current volatility for Fidelity Investment Grade Securitized ETF (FSEC) is 1.51%, while Rithm Capital Corp. (RITM) has a volatility of 7.15%. 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.

Volatility by Period

	FSEC	RITM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	7.15%	-5.64%
Volatility (6M) Calculated over the trailing 6-month period	3.11%	18.69%	-15.58%
Volatility (1Y) Calculated over the trailing 1-year period	5.35%	22.08%	-16.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.76%	27.44%	-20.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.61%	40.17%	-33.56%

Dividends

FSEC vs. RITM - Dividend Comparison

FSEC's dividend yield for the trailing twelve months is around 4.44%, less than RITM's 10.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSEC Fidelity Investment Grade Securitized ETF	4.44%	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.	10.81%	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

Can I hold both FSEC and RITM in my portfolio?

FSEC and RITM have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSEC or RITM?

RITM has higher volatility (7.15%) compared to FSEC (1.51%). In terms of maximum drawdown, FSEC dropped -17.97% vs RITM's -81.11%.

Which has better risk-adjusted returns?

FSEC currently has the higher Sharpe Ratio (1.35 vs -0.38), 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.