VCSH vs. FLDR
Compare and contrast key facts about Vanguard Short-Term Corporate Bond ETF (VCSH) and Fidelity Low Duration Bond Factor ETF (FLDR).
VCSH and FLDR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VCSH is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. 1-5 Year Corporate Index. It was launched on Nov 19, 2009. 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. Both VCSH and FLDR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCSH or FLDR.
Key characteristics
| VCSH | FLDR | |
|---|---|---|
| YTD Return | 0.71% | 2.07% |
| 1Y Return | 4.45% | 5.93% |
| 3Y Return (Ann) | 0.12% | 2.73% |
| 5Y Return (Ann) | 1.81% | 2.41% |
| Sharpe Ratio | 1.53 | 5.08 |
| Daily Std Dev | 2.90% | 1.15% |
| Max Drawdown | -12.86% | -12.23% |
| Current Drawdown | -0.14% | 0.00% |
Correlation
The correlation between VCSH and FLDR is 0.43, 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.
Performance
VCSH vs. FLDR - Performance Comparison
In the year-to-date period, VCSH achieves a 0.71% return, which is significantly lower than FLDR's 2.07% 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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VCSH vs. FLDR - Expense Ratio Comparison
VCSH has a 0.04% expense ratio, which is lower than FLDR's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VCSH vs. FLDR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond ETF (VCSH) 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.
Dividends
VCSH vs. FLDR - Dividend Comparison
VCSH's dividend yield for the trailing twelve months is around 3.44%, less than FLDR's 5.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCSH Vanguard Short-Term Corporate Bond ETF | 3.44% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% | 2.01% | 2.05% |
FLDR Fidelity Low Duration Bond Factor ETF | 5.53% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VCSH vs. FLDR - Drawdown Comparison
The maximum VCSH drawdown since its inception was -12.86%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for VCSH and FLDR. For additional features, visit the drawdowns tool.
Volatility
VCSH vs. FLDR - Volatility Comparison
Vanguard Short-Term Corporate Bond ETF (VCSH) has a higher volatility of 0.61% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.26%. This indicates that VCSH'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.