KORP vs. FLDR
KORP (American Century Diversified Corporate Bond ETF) and FLDR (Fidelity Low Duration Bond Factor ETF) are both exchange-traded funds - KORP is a Corporate Bonds fund actively managed by American Century, while FLDR is a Short-Term Bond fund tracking the Fidelity Low Duration Investment Grade Factor Index. KORP is actively managed, while FLDR is passively managed. Over the past 5 years, KORP returned 1.58%/yr vs 3.72%/yr for FLDR. A 0.52 correlation means they provide meaningful diversification when combined. KORP charges 0.29%/yr vs 0.15%/yr for FLDR.
Performance
KORP vs. FLDR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KORP achieves a 0.50% return, which is significantly lower than FLDR's 1.83% return.
KORP
- 1D
- -0.03%
- 1M
- -0.67%
- 6M
- -0.03%
- YTD
- 0.50%
- 1Y
- 4.93%
- 3Y*
- 5.64%
- 5Y*
- 1.58%
- 10Y*
- —
FLDR
- 1D
- 0.00%
- 1M
- 0.17%
- 6M
- 1.70%
- YTD
- 1.83%
- 1Y
- 4.45%
- 3Y*
- 5.26%
- 5Y*
- 3.72%
- 10Y*
- —
KORP vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
KORP American Century Diversified Corporate Bond ETF | 0.50% | 8.14% | 3.82% | 7.40% | -10.04% | -0.55% | 6.99% | 10.08% | 0.81% |
FLDR Fidelity Low Duration Bond Factor ETF | 1.83% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.84% |
Correlation
The correlation between KORP and FLDR is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | 0.52 |
The correlation between KORP and FLDR shifts across timeframes, from 0.52 (all time) to 0.71 (3 years), reflecting how their relationship changes across market environments.
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
KORP vs. FLDR — Risk / Return Rank
KORP
FLDR
KORP vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Corporate Bond ETF (KORP) and Fidelity Low Duration Bond Factor ETF (FLDR). 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.
| KORP | FLDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.44 | ||
| Sortino ratioReturn per unit of downside risk | -7.61 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 2.61 | -1.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 9.56 | -8.02 |
| Martin ratioReturn relative to average drawdown | 4.90 | 64.94 | -60.03 |
Loading charts...
Drawdowns
KORP vs. FLDR - Drawdown Comparison
The maximum KORP drawdown since its inception was -14.90%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for KORP and FLDR.
Loading charts...
Drawdown Indicators
| KORP | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.90% | -12.23% | -2.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -0.47% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -5.04% | -0.76% | -4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -14.90% | -2.33% | -12.57% |
Current DrawdownCurrent decline from peak | -1.26% | -0.03% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -0.35% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.07% | +0.94% |
Volatility
KORP vs. FLDR - Volatility Comparison
American Century Diversified Corporate Bond ETF (KORP) has a higher volatility of 1.15% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.21%. This indicates that KORP's price experiences larger fluctuations and is considered to be riskier than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KORP | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.21% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 3.44% | 0.61% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 0.80% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 1.21% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.91% | 5.23% | -0.32% |
KORP vs. FLDR - Expense Ratio Comparison
KORP has a 0.29% expense ratio, which is higher than FLDR's 0.15% expense ratio.
Dividends
KORP vs. FLDR - Dividend Comparison
KORP's dividend yield for the trailing twelve months is around 5.15%, more than FLDR's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLDR Fidelity Low Duration Bond Factor ETF | 4.33% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% |
KORP American Century Diversified Corporate Bond ETF | 5.15% | 4.98% | 5.08% | 4.42% | 2.89% | 1.86% | 3.22% | 3.20% | 2.97% |
Frequently Asked Questions
KORP and FLDR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORP has higher volatility (1.15%) compared to FLDR (0.21%). In terms of maximum drawdown, KORP dropped -14.90% vs FLDR's -12.23%.
On 5-year performance, FLDR leads with 3.72% vs 1.58% for KORP. On fees, FLDR is cheaper at 0.15% per year. On volatility, FLDR has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLDR has performed better with a 3.72% return vs 1.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLDR is cheaper with a 0.15% expense ratio, compared with 0.29% for KORP.
KORP has the higher dividend yield at 5.15%, compared with 4.33% for FLDR.
KORP is categorized as Corporate Bonds, while FLDR is Short-Term Bond. They also come from different issuers: American Century and Fidelity. Their fees differ too: 0.29% for KORP and 0.15% for FLDR.
FLDR currently has the higher Sharpe Ratio (5.60 vs 1.16), 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 KORP and FLDR
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