AGEPX vs. FFRHX
Compare and contrast key facts about American Beacon Frontier Markets Income Fund (AGEPX) and Fidelity Floating Rate High Income Fund (FFRHX).
AGEPX is managed by American Beacon. It was launched on Feb 24, 2014. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AGEPX or FFRHX.
Key characteristics
| AGEPX | FFRHX | |
|---|---|---|
| YTD Return | 13.96% | 8.09% |
| 1Y Return | 19.74% | 9.86% |
| 3Y Return (Ann) | 4.28% | 6.39% |
| 5Y Return (Ann) | 4.92% | 5.67% |
| 10Y Return (Ann) | 4.96% | 4.60% |
| Sharpe Ratio | 5.78 | 3.88 |
| Sortino Ratio | 9.21 | 12.50 |
| Omega Ratio | 2.49 | 4.16 |
| Calmar Ratio | 2.86 | 11.54 |
| Martin Ratio | 40.80 | 61.51 |
| Ulcer Index | 0.49% | 0.16% |
| Daily Std Dev | 3.48% | 2.56% |
| Max Drawdown | -21.26% | -22.19% |
| Current Drawdown | -0.28% | 0.00% |
Correlation
The correlation between AGEPX and FFRHX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AGEPX vs. FFRHX - Performance Comparison
In the year-to-date period, AGEPX achieves a 13.96% return, which is significantly higher than FFRHX's 8.09% return. Over the past 10 years, AGEPX has outperformed FFRHX with an annualized return of 4.96%, while FFRHX has yielded a comparatively lower 4.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
AGEPX vs. FFRHX - Expense Ratio Comparison
AGEPX has a 1.38% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
AGEPX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon Frontier Markets Income Fund (AGEPX) and Fidelity Floating Rate High Income Fund (FFRHX). 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
AGEPX vs. FFRHX - Dividend Comparison
AGEPX's dividend yield for the trailing twelve months is around 11.47%, more than FFRHX's 8.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGEPX American Beacon Frontier Markets Income Fund | 11.47% | 9.40% | 8.76% | 7.66% | 7.08% | 8.40% | 9.57% | 7.08% | 7.84% | 7.43% | 2.96% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 8.37% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
AGEPX vs. FFRHX - Drawdown Comparison
The maximum AGEPX drawdown since its inception was -21.26%, roughly equal to the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for AGEPX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
AGEPX vs. FFRHX - Volatility Comparison
American Beacon Frontier Markets Income Fund (AGEPX) has a higher volatility of 0.85% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.62%. This indicates that AGEPX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.