Fidelity Floating Rate High Income Fund (FFRHX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FFRHX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FFRHX
FFRHX charges 0.67% annually. There are 7 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | FFRHX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | FFRHX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | FFRHX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | FFRHX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | FFRHX vs LFRIX |
Best Risk-Adjusted Alternatives to FFRHX
FFRHX has a PortfoliosLab risk / return rank of 94. There are 7 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | FFRHX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | 99 | — | Sep 2016 | FFRHX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 99 | — | Jun 2023 | FFRHX vs CAPIX | |
| Payden Floating Rate Fund | 99 | — | Nov 2013 | FFRHX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | FFRHX vs SAMBX |
Top Performing FFRHX Alternatives (YTD)
FFRHX is at 2.14% YTD. There are 16 mutual funds in the Bank Loan category with higher YTD returns, going as high as 4.05%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 4.05% | — | Jan 2017 | FFRHX vs XPTFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 3.38% | — | Jun 2019 | FFRHX vs CCLFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 3.26% | — | Jun 2023 | FFRHX vs CAPIX | |
| BlackRock Floating Rate Income Trust | 3.11% | — | Aug 2004 | FFRHX vs BGT | |
| Victory Floating Rate Fund | 2.96% | — | Dec 2009 | FFRHX vs RSFYX |
Lowest Volatility Alternatives to FFRHX
FFRHX has 2.26% 1-year volatility. There are 24 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | FFRHX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | 0.90% | — | Sep 2016 | FFRHX vs RCRIX | |
| Payden Floating Rate Fund | 1.25% | — | Nov 2013 | FFRHX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.36% | — | Sep 2013 | FFRHX vs DFLYX | |
| Donoghue Forlines Risk Managed Income Fund | 1.68% | — | Dec 2017 | FFRHX vs FLOTX |
Lowest Drawdown Alternatives to FFRHX
FFRHX has a 1-year max drawdown of -1.19%. There are 13 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | FFRHX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | -0.45% | — | Sep 2016 | FFRHX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | FFRHX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | FFRHX vs FRFZX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | FFRHX vs PSFIX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 75 | 11.76% | — | Feb 1988 | FFRHX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 82 | 51.40% | — | Jul 1985 | FFRHX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 76 | 12.27% | — | — | FFRHX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 75 | 12.20% | — | — | FFRHX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 17 | 2.47% | — | — | FFRHX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 49 | 13.81% | — | Dec 1987 | FFRHX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 33 | 9.08% | 176.32B | May 1967 | FFRHX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 72 | 11.48% | — | — | FFRHX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 64 | 12.40% | — | Nov 1997 | FFRHX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 71 | 13.68% | — | Jun 2016 | FFRHX vs FTIHX |
Often Compared With FFRHX
Investors most often compare FFRHX with PRFRX, FAGIX, SCHP. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare FFRHX with Any Fund or Stock
Compare FFRHX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FFRHX with funds that move differently
Fidelity Floating Rate High Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FFRHX.
Explore FFRHX Diversifiers