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Fidelity Advisor Floating Rate High Income Fund Class C (FFRCX) Sharpe Ratio: 2.41

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks a high level of current income. The fund invests atleast 80% of assets in floating rate loans, which are often lower-quality debt securities and other floating rate securities. It invests in companies in troubled or uncertain financial condition. The fund invests in money market and investment-grade debt securities and repurchase agreements. It invests in domestic and foreign issuers. The adviser uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.

FFRCX's Sharpe Ratio of 2.41 indicates that for each unit of volatility, it generates 2.41 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

FFRCX Sharpe Ratio Rank

FFRCX Sharpe Ratio Rank: 68.268
Above Average

FFRCX ranks above 68.2% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

FFRCX Sharpe Ratio Market Positioning

The chart shows FFRCX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.65+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity Advisor Floating Rate High Income Fund Class C's Sharpe Ratio with other mutual funds in the High Yield Bonds category across multiple time periods, showing how FFRCX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CCLFXCliffwater Corporate Lending Fund8.50
XILSXPioneer ILS Interval Fund8.31
RPHIXRiverPark Short Term High Yield Fund5.27
CWFIXChartwell Short Duration High Yield Fund3.85
PYHRXPayden High Income Fund3.76
SHYPXAmerican Beacon SiM High Yld Opps Fund3.64
SHOYXAmerican Beacon SiM High Yield Opportunities Fund Class Y3.62
PSHNXPenn Capital Short Duration High Income Fund3.48
FSHNXFidelity Series High Income Fund3.44
RPIHXT. Rowe Price Global High Income Bond Fund3.39
FFRCXFidelity Advisor Floating Rate High Income Fund Class C2.41

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FFRCX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FFRCX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FFRCX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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