KORP vs. FTBD
Compare and contrast key facts about American Century Diversified Corporate Bond ETF (KORP) and Fidelity Tactical Bond ETF (FTBD).
KORP and FTBD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KORP is an actively managed fund by American Century Investments. It was launched on Jan 11, 2018. FTBD is an actively managed fund by Fidelity. It was launched on Jan 24, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KORP or FTBD.
Correlation
The correlation between KORP and FTBD is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KORP vs. FTBD - Performance Comparison
Key characteristics
KORP:
0.50
FTBD:
0.18
KORP:
0.75
FTBD:
0.28
KORP:
1.09
FTBD:
1.03
KORP:
0.39
FTBD:
0.20
KORP:
1.58
FTBD:
0.51
KORP:
1.73%
FTBD:
1.99%
KORP:
5.43%
FTBD:
5.77%
KORP:
-14.90%
FTBD:
-6.98%
KORP:
-4.85%
FTBD:
-4.86%
Returns By Period
In the year-to-date period, KORP achieves a -1.28% return, which is significantly lower than FTBD's -0.89% return.
KORP
-1.28%
-2.36%
-0.44%
2.48%
0.96%
N/A
FTBD
-0.89%
-2.01%
-1.01%
0.93%
N/A
N/A
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KORP vs. FTBD - Expense Ratio Comparison
KORP has a 0.29% expense ratio, which is lower than FTBD's 0.55% expense ratio.
Risk-Adjusted Performance
KORP vs. FTBD — Risk-Adjusted Performance Rank
KORP
FTBD
KORP vs. FTBD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Diversified Corporate Bond ETF (KORP) and Fidelity Tactical Bond ETF (FTBD). 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
KORP vs. FTBD - Dividend Comparison
KORP's dividend yield for the trailing twelve months is around 5.15%, more than FTBD's 4.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
KORP American Century Diversified Corporate Bond ETF | 5.15% | 5.09% | 4.43% | 2.89% | 1.86% | 3.22% | 3.19% | 3.26% |
FTBD Fidelity Tactical Bond ETF | 4.80% | 4.76% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KORP vs. FTBD - Drawdown Comparison
The maximum KORP drawdown since its inception was -14.90%, which is greater than FTBD's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for KORP and FTBD. For additional features, visit the drawdowns tool.
Volatility
KORP vs. FTBD - Volatility Comparison
American Century Diversified Corporate Bond ETF (KORP) and Fidelity Tactical Bond ETF (FTBD) have volatilities of 1.56% and 1.52%, 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.