LQD vs. FCOR
LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) and FCOR (Fidelity Corporate Bond ETF) are both Corporate Bonds funds. LQD is passively managed, while FCOR is actively managed. Over the past 10 years, LQD returned 2.52%/yr vs 2.89%/yr for FCOR. Their correlation of 0.82 suggests significant overlap in exposure. LQD charges 0.15%/yr vs 0.36%/yr for FCOR.
Performance
LQD vs. FCOR - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with LQD having a 0.46% return and FCOR slightly higher at 0.48%. Over the past 10 years, LQD has underperformed FCOR with an annualized return of 2.52%, while FCOR has yielded a comparatively higher 2.89% annualized return.
LQD
- 1D
- -0.28%
- 1M
- 0.72%
- YTD
- 0.46%
- 6M
- -0.03%
- 1Y
- 6.08%
- 3Y*
- 4.95%
- 5Y*
- -0.04%
- 10Y*
- 2.52%
FCOR
- 1D
- -0.21%
- 1M
- 0.67%
- YTD
- 0.48%
- 6M
- 0.32%
- 1Y
- 6.06%
- 3Y*
- 5.65%
- 5Y*
- 0.70%
- 10Y*
- 2.89%
LQD vs. FCOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.46% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 7.06% |
FCOR Fidelity Corporate Bond ETF | 0.48% | 7.88% | 3.01% | 8.95% | -15.88% | -1.64% | 11.39% | 14.87% | -3.04% | 6.13% |
Correlation
The correlation between LQD and FCOR is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2014 | 0.82 |
The correlation between LQD and FCOR shifts across timeframes, from 0.82 (all time) to 0.95 (5 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
LQD vs. FCOR — Risk / Return Rank
LQD
FCOR
LQD vs. FCOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and Fidelity Corporate Bond ETF (FCOR). 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.
| LQD | FCOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.99 | -0.16 |
| Martin ratioReturn relative to average drawdown | 5.23 | 6.21 | -0.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LQD | FCOR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.39 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.10 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.41 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.43 | +0.11 |
Drawdowns
LQD vs. FCOR - Drawdown Comparison
The maximum LQD drawdown since its inception was -24.95%, which is greater than FCOR's maximum drawdown of -22.60%. Use the drawdown chart below to compare losses from any high point for LQD and FCOR.
Loading charts...
Drawdown Indicators
| LQD | FCOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.95% | -22.60% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -3.06% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -8.43% | -6.60% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -22.60% | -2.35% |
Max Drawdown (10Y)Largest decline over 10 years | -24.95% | -22.60% | -2.35% |
Current DrawdownCurrent decline from peak | -3.72% | -1.18% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -4.73% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.98% | +0.19% |
Volatility
LQD vs. FCOR - Volatility Comparison
iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and Fidelity Corporate Bond ETF (FCOR) have volatilities of 1.65% and 1.61%, 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
| LQD | FCOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 1.61% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 3.32% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.36% | 4.38% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.65% | 7.06% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.68% | 7.10% | +1.58% |
LQD vs. FCOR - Expense Ratio Comparison
LQD has a 0.15% expense ratio, which is lower than FCOR's 0.36% expense ratio.
Dividends
LQD vs. FCOR - Dividend Comparison
LQD's dividend yield for the trailing twelve months is around 4.57%, which matches FCOR's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCOR Fidelity Corporate Bond ETF | 4.55% | 4.47% | 4.35% | 3.70% | 3.30% | 2.34% | 2.99% | 3.10% | 3.65% | 2.81% | 3.04% | 3.82% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.57% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Frequently Asked Questions
With a correlation of 0.90, LQD and FCOR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LQD has higher volatility (1.65%) compared to FCOR (1.61%). In terms of maximum drawdown, LQD dropped -24.95% vs FCOR's -22.60%.
On 10-year performance, FCOR leads with 2.89% vs 2.52% for LQD. On fees, LQD is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FCOR has performed better with a 2.89% return vs 2.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 0.36% for FCOR.
LQD has the higher dividend yield at 4.57%, compared with 4.55% for FCOR.
They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.15% for LQD and 0.36% for FCOR.
FCOR currently has the higher Sharpe Ratio (1.39 vs 1.14), 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 LQD and FCOR
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