LQD vs. FCOR
Compare and contrast key facts about iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and Fidelity Corporate Bond ETF (FCOR).
LQD and FCOR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LQD is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid Investment Grade Index. It was launched on Jul 26, 2002. FCOR is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
LQD vs. FCOR - Performance Comparison
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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 | -0.38% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 7.06% |
FCOR Fidelity Corporate Bond ETF | -0.39% | 7.88% | 3.01% | 8.95% | -15.88% | -1.64% | 11.39% | 14.87% | -3.04% | 6.13% |
Returns By Period
The year-to-date returns for both stocks are quite close, with LQD having a -0.38% return and FCOR slightly lower at -0.39%. Over the past 10 years, LQD has underperformed FCOR with an annualized return of 2.61%, while FCOR has yielded a comparatively higher 3.11% annualized return.
LQD
- 1D
- 0.63%
- 1M
- -2.07%
- YTD
- -0.38%
- 6M
- -0.04%
- 1Y
- 4.88%
- 3Y*
- 4.26%
- 5Y*
- 0.09%
- 10Y*
- 2.61%
FCOR
- 1D
- 0.66%
- 1M
- -2.03%
- YTD
- -0.39%
- 6M
- 0.43%
- 1Y
- 4.95%
- 3Y*
- 5.13%
- 5Y*
- 0.83%
- 10Y*
- 3.11%
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LQD vs. FCOR - Expense Ratio Comparison
LQD has a 0.15% expense ratio, which is lower than FCOR's 0.36% expense ratio.
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 | 0.74 | 0.96 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.04 | 1.31 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.68 | -0.18 |
Martin ratioReturn relative to average drawdown | 4.15 | 5.30 | -1.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LQD | FCOR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.96 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.12 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.44 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.42 | +0.12 |
Correlation
The correlation between LQD and FCOR is 0.82, 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.
Dividends
LQD vs. FCOR - Dividend Comparison
LQD's dividend yield for the trailing twelve months is around 4.52%, which matches FCOR's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.52% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
FCOR Fidelity Corporate Bond ETF | 4.52% | 4.47% | 4.35% | 3.70% | 3.30% | 2.34% | 2.99% | 3.10% | 3.65% | 2.81% | 3.04% | 3.82% |
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.
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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 | -3.38% | -3.13% | -0.25% |
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 | -4.52% | -2.03% | -2.49% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -4.78% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.99% | +0.23% |
Volatility
LQD vs. FCOR - Volatility Comparison
iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a higher volatility of 2.65% compared to Fidelity Corporate Bond ETF (FCOR) at 2.20%. This indicates that LQD's price experiences larger fluctuations and is considered to be riskier than FCOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LQD | FCOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.20% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 3.05% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 5.22% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.66% | 7.06% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 7.12% | +1.55% |