Fidelity Floating Rate High Income Fund (FFRHX) belongs to the High Yield Bonds 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 50 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | FFRHX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.13% | 25.70B | Nov 2001 | FFRHX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | FFRHX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.23% | 25.70B | Dec 1978 | FFRHX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | FFRHX vs CRDOX |
Best Risk-Adjusted Alternatives to FFRHX
FFRHX has a PortfoliosLab risk / return rank of 92. There are 37 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | FFRHX vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | FFRHX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | FFRHX vs RPHIX | |
| Fidelity Series High Income Fund | 97 | — | Mar 2011 | FFRHX vs FSHNX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | FFRHX vs CWFIX |
Top Performing FFRHX Alternatives (YTD)
FFRHX is at 2.05% YTD. There are 52 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 8.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Capital & Income Fund | 8.43% | — | Nov 1977 | FFRHX vs FAGIX | |
| Pioneer ILS Interval Fund | 7.97% | — | Dec 2014 | FFRHX vs XILSX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.64% | — | Oct 2018 | FFRHX vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.59% | — | Jul 1995 | FFRHX vs FAHCX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 7.52% | — | Jan 1987 | FFRHX vs FAHYX |
Lowest Volatility Alternatives to FFRHX
FFRHX has 2.35% 1-year volatility. There are 15 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.88%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.88% | — | Sep 2010 | FFRHX vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.88% | — | Mar 2019 | FFRHX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.49% | — | Jul 2014 | FFRHX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | FFRHX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.69% | — | Aug 2002 | FFRHX vs OSTIX |
Lowest Drawdown Alternatives to FFRHX
FFRHX has a 1-year max drawdown of -1.19%. There are 9 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | FFRHX vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | FFRHX vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | FFRHX vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | FFRHX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | FFRHX vs SCFIX |
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 | 73 | 11.71% | — | Feb 1988 | FFRHX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 97 | 85.56% | — | Jul 1985 | FFRHX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 72 | 12.01% | — | — | FFRHX vs FZROX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 32 | 8.60% | — | — | FFRHX vs FSPGX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 71 | 12.08% | — | — | FFRHX vs FSKAX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 75 | 18.56% | — | Dec 1987 | FFRHX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 35 | 7.76% | 176.32B | May 1967 | FFRHX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 71 | 11.56% | — | — | FFRHX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 27 | 9.51% | — | Nov 1997 | FFRHX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 58 | 15.53% | — | Jun 2016 | FFRHX vs FTIHX |
Often Compared With FFRHX
Investors most often compare FFRHX with PRFRX, SCHP, FTBFX. These 20 comparison targets span 10 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