OBOR vs. FIWGX
Compare and contrast key facts about KraneShares MSCI One Belt One Road Index ETF (OBOR) and Strategic Advisers Fidelity Core Income Fund (FIWGX).
OBOR is a passively managed fund by CICC that tracks the performance of the MSCI Global China Infrastructure Exposure. It was launched on Sep 7, 2017. FIWGX is managed by Fidelity. It was launched on Oct 16, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OBOR or FIWGX.
Key characteristics
| OBOR | FIWGX | |
|---|---|---|
| YTD Return | 9.39% | -0.15% |
| 1Y Return | 2.82% | 2.97% |
| 3Y Return (Ann) | -6.42% | -2.08% |
| 5Y Return (Ann) | 3.74% | 1.20% |
| Sharpe Ratio | 0.10 | 0.55 |
| Daily Std Dev | 12.10% | 6.62% |
| Max Drawdown | -39.86% | -17.83% |
| Current Drawdown | -23.49% | -8.76% |
Correlation
The correlation between OBOR and FIWGX is 0.05, 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
OBOR vs. FIWGX - Performance Comparison
In the year-to-date period, OBOR achieves a 9.39% return, which is significantly higher than FIWGX's -0.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OBOR vs. FIWGX - Expense Ratio Comparison
OBOR has a 0.79% expense ratio, which is higher than FIWGX's 0.46% expense ratio.
Risk-Adjusted Performance
OBOR vs. FIWGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI One Belt One Road Index ETF (OBOR) and Strategic Advisers Fidelity Core Income Fund (FIWGX). 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
OBOR vs. FIWGX - Dividend Comparison
OBOR's dividend yield for the trailing twelve months is around 3.11%, less than FIWGX's 3.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
OBOR KraneShares MSCI One Belt One Road Index ETF | 3.11% | 3.40% | 4.75% | 3.26% | 2.04% | 4.33% | 2.84% | 0.10% |
FIWGX Strategic Advisers Fidelity Core Income Fund | 3.99% | 3.78% | 2.98% | 2.08% | 6.66% | 4.29% | 0.57% | 0.00% |
Drawdowns
OBOR vs. FIWGX - Drawdown Comparison
The maximum OBOR drawdown since its inception was -39.86%, which is greater than FIWGX's maximum drawdown of -17.83%. Use the drawdown chart below to compare losses from any high point for OBOR and FIWGX. For additional features, visit the drawdowns tool.
Volatility
OBOR vs. FIWGX - Volatility Comparison
KraneShares MSCI One Belt One Road Index ETF (OBOR) has a higher volatility of 2.82% compared to Strategic Advisers Fidelity Core Income Fund (FIWGX) at 1.41%. This indicates that OBOR's price experiences larger fluctuations and is considered to be riskier than FIWGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.