VCPIX vs. FLDR

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) and Fidelity Low Duration Bond Factor ETF (FLDR).

VCPIX is managed by Vanguard. It was launched on Oct 25, 2021. FLDR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Low Duration Investment Grade Factor Index. It was launched on Jun 12, 2018.

Performance

VCPIX vs. FLDR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) and Fidelity Low Duration Bond Factor ETF (FLDR). The values are adjusted to include any dividend payments, if applicable.

VCPIX vs. FLDR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VCPIX Vanguard Core-Plus Bond Fund Investor Shares	-0.54%	8.01%	2.83%	6.64%	-12.68%	0.35%
FLDR Fidelity Low Duration Bond Factor ETF	0.65%	5.41%	5.71%	6.32%	-0.33%	-0.07%

Returns By Period

In the year-to-date period, VCPIX achieves a -0.54% return, which is significantly lower than FLDR's 0.65% return.

VCPIX

• 1D: 0.47%
• 1M: -2.26%
• YTD: -0.54%
• 6M: 0.60%
• 1Y: 4.41%
• 3Y*: 4.65%
• 5Y*: —
• 10Y*: —

FLDR

• 1D: 0.12%
• 1M: -0.15%
• YTD: 0.65%
• 6M: 1.86%
• 1Y: 4.49%
• 3Y*: 5.52%
• 5Y*: 3.58%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VCPIX vs. FLDR - Expense Ratio Comparison

VCPIX has a 0.30% expense ratio, which is higher than FLDR's 0.15% expense ratio.

VCPIX

Vanguard Core-Plus Bond Fund Investor Shares

FLDR

Fidelity Low Duration Bond Factor ETF

Return for Risk

VCPIX vs. FLDR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VCPIX

VCPIX Risk / Return Rank: 67
VCPIX Sharpe Ratio Rank: 67
VCPIX Sortino Ratio Rank: 68
VCPIX Omega Ratio Rank: 53
VCPIX Calmar Ratio Rank: 80
VCPIX Martin Ratio Rank: 68

FLDR

FLDR Risk / Return Rank: 98
FLDR Sharpe Ratio Rank: 99
FLDR Sortino Ratio Rank: 99
FLDR Omega Ratio Rank: 99
FLDR Calmar Ratio Rank: 98
FLDR Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VCPIX vs. FLDR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) 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.

	VCPIX	FLDR	Difference
Sharpe ratio Return per unit of total volatility	1.16	4.59	-3.43
Sortino ratio Return per unit of downside risk	1.67	6.89	-5.22
Omega ratio Gain probability vs. loss probability	1.21	2.22	-1.01
Calmar ratio Return relative to maximum drawdown	1.90	5.98	-4.08
Martin ratio Return relative to average drawdown	6.39	31.24	-24.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VCPIX vs. FLDR - Sharpe Ratio Comparison

The current VCPIX Sharpe Ratio is 1.16, which is lower than the FLDR Sharpe Ratio of 4.59. The chart below compares the historical Sharpe Ratios of VCPIX and FLDR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VCPIX	FLDR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	4.59	-3.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.60	-0.48

Correlation

The correlation between VCPIX and FLDR is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VCPIX vs. FLDR - Dividend Comparison

VCPIX's dividend yield for the trailing twelve months is around 4.36%, less than FLDR's 4.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
VCPIX Vanguard Core-Plus Bond Fund Investor Shares	4.36%	4.76%	5.08%	4.46%	3.15%	0.25%	0.00%	0.00%	0.00%
FLDR Fidelity Low Duration Bond Factor ETF	4.54%	4.66%	5.50%	5.28%	2.09%	0.51%	1.22%	2.69%	1.38%

Drawdowns

VCPIX vs. FLDR - Drawdown Comparison

The maximum VCPIX drawdown since its inception was -17.33%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for VCPIX and FLDR.

Drawdown Indicators

	VCPIX	FLDR	Difference
Max Drawdown Largest peak-to-trough decline	-17.33%	-12.23%	-5.10%
Max Drawdown (1Y) Largest decline over 1 year	-2.72%	-0.76%	-1.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-2.33%	—
Current Drawdown Current decline from peak	-2.26%	-0.15%	-2.11%
Average Drawdown Average peak-to-trough decline	-6.80%	-0.36%	-6.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	0.14%	+0.67%

Volatility

VCPIX vs. FLDR - Volatility Comparison

Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) has a higher volatility of 1.55% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.42%. This indicates that VCPIX'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.

Volatility by Period

	VCPIX	FLDR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.55%	0.42%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	2.40%	0.56%	+1.84%
Volatility (1Y) Calculated over the trailing 1-year period	4.08%	0.98%	+3.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.75%	1.21%	+4.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.75%	5.32%	+0.43%