FTBD vs. KORP
FTBD (Fidelity Tactical Bond ETF) and KORP (American Century Diversified Corporate Bond ETF) are both exchange-traded funds - FTBD is a Nontraditional Bonds fund actively managed by Fidelity, while KORP is a Corporate Bonds fund actively managed by American Century. Both are actively managed. Over the past 3 years, FTBD returned 5.20%/yr vs 5.95%/yr for KORP. Their correlation of 0.91 suggests significant overlap in exposure. FTBD charges 0.55%/yr vs 0.29%/yr for KORP.
Performance
FTBD vs. KORP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTBD achieves a 1.43% return, which is significantly higher than KORP's 0.94% return.
FTBD
- 1D
- 0.11%
- 1M
- 0.92%
- YTD
- 1.43%
- 6M
- 1.51%
- 1Y
- 5.72%
- 3Y*
- 5.20%
- 5Y*
- —
- 10Y*
- —
KORP
- 1D
- -0.17%
- 1M
- 0.83%
- YTD
- 0.94%
- 6M
- 1.15%
- 1Y
- 5.71%
- 3Y*
- 5.95%
- 5Y*
- 1.79%
- 10Y*
- —
FTBD vs. KORP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 1.43% | 8.35% | 1.77% | 3.65% |
KORP American Century Diversified Corporate Bond ETF | 0.94% | 8.14% | 3.82% | 4.61% |
Correlation
The correlation between FTBD and KORP is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2023 | 0.91 |
The correlation between FTBD and KORP has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTBD vs. KORP — Risk / Return Rank
FTBD
KORP
FTBD vs. KORP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond ETF (FTBD) and American Century Diversified Corporate Bond ETF (KORP). 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.
| FTBD | KORP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.78 | +0.15 |
| Martin ratioReturn relative to average drawdown | 6.42 | 5.77 | +0.65 |
Loading charts...
Drawdowns
FTBD vs. KORP - Drawdown Comparison
The maximum FTBD drawdown since its inception was -6.98%, smaller than the maximum KORP drawdown of -14.90%. Use the drawdown chart below to compare losses from any high point for FTBD and KORP.
Loading charts...
Drawdown Indicators
| FTBD | KORP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.98% | -14.90% | +7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -3.22% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -6.56% | -5.04% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.90% | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.83% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -1.56% | -3.23% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 0.99% | -0.10% |
Volatility
FTBD vs. KORP - Volatility Comparison
Fidelity Tactical Bond ETF (FTBD) and American Century Diversified Corporate Bond ETF (KORP) have volatilities of 1.09% and 1.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTBD | KORP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.14% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 3.37% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 4.32% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.84% | 5.37% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.84% | 4.91% | +0.93% |
FTBD vs. KORP - Expense Ratio Comparison
FTBD has a 0.55% expense ratio, which is higher than KORP's 0.29% expense ratio.
Dividends
FTBD vs. KORP - Dividend Comparison
FTBD's dividend yield for the trailing twelve months is around 5.01%, less than KORP's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 5.01% | 5.04% | 4.76% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KORP American Century Diversified Corporate Bond ETF | 5.09% | 4.98% | 5.08% | 4.42% | 2.89% | 1.86% | 3.22% | 3.20% | 2.97% |
Frequently Asked Questions
FTBD and KORP have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORP has higher volatility (1.14%) compared to FTBD (1.09%). In terms of maximum drawdown, FTBD dropped -6.98% vs KORP's -14.90%.
On 3-year performance, KORP leads with 5.95% vs 5.20% for FTBD. On fees, KORP is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KORP has performed better with a 5.95% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KORP is cheaper with a 0.29% expense ratio, compared with 0.55% for FTBD.
KORP has the higher dividend yield at 5.09%, compared with 5.01% for FTBD.
FTBD is categorized as Nontraditional Bonds, while KORP is Corporate Bonds. They also come from different issuers: Fidelity and American Century. Their fees differ too: 0.55% for FTBD and 0.29% for KORP.
FTBD currently has the higher Sharpe Ratio (1.35 vs 1.33), 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.
Find the right allocation for FTBD and KORP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer