FTBD vs. KORP
Compare and contrast key facts about Fidelity Tactical Bond ETF (FTBD) and American Century Diversified Corporate Bond ETF (KORP).
FTBD and KORP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTBD is an actively managed fund by Fidelity. It was launched on Jan 24, 2023. KORP is an actively managed fund by American Century Investments. It was launched on Jan 11, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTBD or KORP.
Correlation
The correlation between FTBD and KORP is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FTBD vs. KORP - Performance Comparison
Key characteristics
FTBD:
1.17
KORP:
1.27
FTBD:
1.71
KORP:
1.84
FTBD:
1.20
KORP:
1.23
FTBD:
1.34
KORP:
1.18
FTBD:
3.14
KORP:
3.99
FTBD:
2.11%
KORP:
1.99%
FTBD:
5.64%
KORP:
6.26%
FTBD:
-6.98%
KORP:
-14.90%
FTBD:
-1.37%
KORP:
-1.28%
Returns By Period
In the year-to-date period, FTBD achieves a 2.73% return, which is significantly higher than KORP's 2.42% return.
FTBD
2.73%
0.80%
1.62%
7.10%
N/A
N/A
KORP
2.42%
0.58%
1.52%
8.25%
1.98%
N/A
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FTBD vs. KORP - Expense Ratio Comparison
FTBD has a 0.55% expense ratio, which is higher than KORP's 0.29% expense ratio.
Risk-Adjusted Performance
FTBD vs. KORP — Risk-Adjusted Performance Rank
FTBD
KORP
FTBD vs. KORP - Risk-Adjusted Performance 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.
Dividends
FTBD vs. KORP - Dividend Comparison
FTBD's dividend yield for the trailing twelve months is around 4.26%, less than KORP's 5.07% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 4.26% | 4.76% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KORP American Century Diversified Corporate Bond ETF | 5.07% | 5.08% | 4.42% | 2.89% | 1.86% | 3.22% | 3.20% | 2.97% |
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. For additional features, visit the drawdowns tool.
Volatility
FTBD vs. KORP - Volatility Comparison
The current volatility for Fidelity Tactical Bond ETF (FTBD) is 2.16%, while American Century Diversified Corporate Bond ETF (KORP) has a volatility of 3.42%. This indicates that FTBD experiences smaller price fluctuations and is considered to be less risky than KORP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.