Fidelity® Corporate Bond ETF

10-Year Study

FCOR.US · · US · ETF

Executive Summary: Fidelity® Corporate Bond ETF has compounded at 3.0% annually over the last 10 years, with a maximum drawdown of 20.2% and an annualized volatility of 8.4%.

1Y CAGR
+5.8%
3Y CAGR
+5.7%
5Y CAGR
+0.7%
10Y CAGR
+3.0%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
20.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.15
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.19
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
7.3%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +14.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -15.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
60%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.41.3-2.40.7————————-0.0%
20250.42.2-0.3-0.20.21.9-0.01.01.60.30.9-0.57.9%
2024-0.0-1.21.2-2.62.10.72.51.91.6-2.61.5-1.83.0%
20234.6-3.12.40.6-1.40.80.1-0.5-3.0-1.96.14.48.9%
2022-2.9-2.0-2.8-5.61.2-3.33.4-3.4-4.7-0.45.2-1.4-15.9%
2021-1.5-2.1-1.21.10.41.81.4-0.3-1.20.3-0.2-0.2-1.6%
20202.51.4-8.46.12.22.83.1-1.4-0.2-0.22.70.811.4%
20192.40.72.90.51.42.20.53.1-0.40.5-0.00.214.9%
2018-1.1-1.5-0.2-0.80.5-0.91.40.4-0.0-1.9-0.31.3-3.0%
20170.61.20.00.81.00.20.70.8-0.50.4-0.31.06.1%
2016———2.3-0.02.22.00.30.1-0.8-3.21.03.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 8.4%. The dominant macroeconomic risk driver is LQD.US, accounting for 51.5% of variance. Idiosyncratic stock-specific factors contribute 0.6%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110226.205116832323
2016-05-0110225.283476427605
2016-06-0110449.06928719755
2016-07-0110660.470555029131
2016-08-0110691.489514900335
2016-09-0110699.38106086571
2016-10-0110609.405916355372
2016-11-0110265.518840345962
2016-12-0110372.918748757947
2017-01-0110440.14089577687
2017-02-0110566.463233748167
2017-03-0110569.343360012901
2017-04-0110651.974182548163
2017-05-0110756.119548280996
2017-06-0110775.992419507671
2017-07-0110854.677469060243
2017-08-0110936.185042352257
2017-09-0110886.61806933616
2017-10-0110933.708133764583
2017-11-0110898.541792072163
2017-12-0111008.418609071821
2018-01-0110889.959015803252
2018-02-0110724.72617199538
2018-03-0110698.25781162246
2018-04-0110611.854023680398
2018-05-0110670.032574228055
2018-06-0110570.725820619975
2018-07-0110723.86213411596
2018-08-0110767.092829349638
2018-09-0110766.603207884633
2018-10-0110566.808848899936
2018-11-0110537.949983727289
2018-12-0110674.20875731192
2019-01-0110935.69542088725
2019-02-0111007.007347202103
2019-03-0111330.647135570423
2019-04-0111384.764708084802
2019-05-0111540.406731431105
2019-06-0111792.993804848404
2019-07-0111857.076614238766
2019-08-0112222.535835971048
2019-09-0112168.591071032553
2019-10-0112234.4883599697
2019-11-0112231.521829917023
2019-12-0112261.676751908803
2020-01-0112571.03111400404
2020-02-0112743.781087362871
2020-03-0111677.21272900604
2020-04-0112383.707701745645
2020-05-0112659.191778967592
2020-06-0113014.714565086533
2020-07-0113418.277857301264
2020-08-0113227.095075848125
2020-09-0113201.634759667864
2020-10-0113181.0994594003
2020-11-0113543.448144766668
2020-12-0113654.044993332509
2021-01-0113448.980003283345
2021-02-0113166.814033127212
2021-03-0113004.720526947902
2021-04-0113152.326998015591
2021-05-0113210.447946037955
2021-06-0113445.927069442725
2021-07-0113634.31612841907
2021-08-0113598.775370312233
2021-09-0113437.776312113523
2021-10-0113483.368710884284
2021-11-0113456.900350511367
2021-12-0113430.460791401096
2022-01-0113041.845354500341
2022-02-0112786.090142191833
2022-03-0112433.015463397916
2022-04-0111739.884276526682
2022-05-0111879.0519776387
2022-06-0111489.025278868226
2022-07-0111882.047308954025
2022-08-0111476.410325828683
2022-09-0110938.748354727872
2022-10-0110893.299962270345
2022-11-0111460.195214958221
2022-12-0111297.842497415088
2023-01-0111815.429988450695
2023-02-0111452.649284144618
2023-03-0111727.672541164202
2023-04-0111802.642227835267
2023-05-0111642.968027718334
2023-06-0111732.655159602196
2023-07-0111745.90374041998
2023-08-0111681.36011082726
2023-09-0111325.606914607139
2023-10-0111111.44072556141
2023-11-0111787.031943480404
2023-12-0112308.997226438405
2024-01-0112303.899402949824
2024-02-0112150.849493241783
2024-03-0112298.39836178418
2024-04-0111974.758573415858
2024-05-0112229.995362996713
2024-06-0112312.971800683741
2024-07-0112614.924238278607
2024-08-0112853.427494261348
2024-09-0113060.940591635537
2024-10-0112724.973862854147
2024-11-0112909.906770312811
2024-12-0112679.583072921916
2025-01-0112735.39991993249
2025-02-0113017.018666098322
2025-03-0112982.97557364915
2025-04-0112963.102702422473
2025-05-0112984.271630468278
2025-06-0113228.967157920202
2025-07-0113224.12854579545
2025-08-0113356.81596281181
2025-09-0113568.188429380743
2025-10-0113612.283162493843
2025-11-0113741.168812840753
2025-12-0113679.159694361
2026-01-0113730.109127984171
2026-02-0113908.129732407468
2026-03-0113574.035085698157
2026-04-0113674.839504963897
Annual Return Matrix
YearAnnual Return
20170.06126528855631608
2018-0.030359478834179332
20190.14871996891661454
20200.11355447298078158
2021-0.016374942520007263
2022-0.1587896593504391
20230.08949980753003661
20240.030106907952463624
20250.07883355593716201
2026-0.00031582271818086927
Total Factor Risk
0.0838336634370725
VTI.US Exposure
0.10982871394378237
VEA.US Exposure
0.03865770724802711
VWO.US Exposure
-0.010607229598621173
QQQ.US Exposure
-0.05232361401168724
VTV.US Exposure
-0.022478905430700313
IJR.US Exposure
-0.007263038760247474
QUAL.US Exposure
-0.0029743252454887863
SHV.US Exposure
0.3758286885985536
TLT.US Exposure
0.07943483713462127
LQD.US Exposure
0.5151703451918733
HYG.US Exposure
-0.008854265586054826
GLD.US Exposure
-0.003402751160140419
USO.US Exposure
-0.003394154666058221
VNQ.US Exposure
0.006038682880639255
BTC-USD.CC Exposure
-0.00430425110820807
CPER.US Exposure
0.0021679996504514864
VIX.INDX Exposure
-0.005715073644224515
UUP.US Exposure
-0.004924922248154877
TIP.US Exposure
-0.0064908034403992326
Idiosyncratic Exposure
0.005606360252036559
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
53.2
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
8.4%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →4.43%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$101
Avg Yield on Cost
1.01%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$100.521.01%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.7%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.7% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.08
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Fidelity® Corporate Bond ETF a high-risk investment?

Fidelity® Corporate Bond ETF (FCOR.US) has an annualized volatility of 8.4% and experienced a maximum drawdown of 20.2% over the last 10 years. Its primary macro risk driver is LQD.US.

What is the 10-year return of FCOR.US?

Over the past 10 years, FCOR.US has generated a Compound Annual Growth Rate (CAGR) of 3.0%. It has had a positive return in 60% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

Run a Full Backtest on Fidelity® Corporate Bond ETF

stresstest.pro lets you simulate DCA vs Lump Sum, Monte Carlo projections, portfolio optimisation, and more — all in seconds.

Start a Free Backtest