AHITX vs. FFRHX
Compare and contrast key facts about American Funds American High-Income Trust (AHITX) and Fidelity Floating Rate High Income Fund (FFRHX).
AHITX is managed by American Funds. It was launched on Feb 19, 1988. 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: AHITX or FFRHX.
Key characteristics
| AHITX | FFRHX | |
|---|---|---|
| YTD Return | 8.95% | 8.09% |
| 1Y Return | 15.16% | 9.86% |
| 3Y Return (Ann) | 3.76% | 6.39% |
| 5Y Return (Ann) | 5.82% | 5.67% |
| 10Y Return (Ann) | 4.82% | 4.60% |
| Sharpe Ratio | 4.04 | 3.88 |
| Sortino Ratio | 7.21 | 12.50 |
| Omega Ratio | 2.01 | 4.16 |
| Calmar Ratio | 3.96 | 11.54 |
| Martin Ratio | 31.78 | 61.51 |
| Ulcer Index | 0.47% | 0.16% |
| Daily Std Dev | 3.69% | 2.56% |
| Max Drawdown | -34.94% | -22.19% |
| Current Drawdown | -0.30% | 0.00% |
Correlation
The correlation between AHITX and FFRHX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AHITX vs. FFRHX - Performance Comparison
In the year-to-date period, AHITX achieves a 8.95% return, which is significantly higher than FFRHX's 8.09% return. Both investments have delivered pretty close results over the past 10 years, with AHITX having a 4.82% annualized return and FFRHX not far behind at 4.60%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AHITX vs. FFRHX - Expense Ratio Comparison
AHITX has a 0.69% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
AHITX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds American High-Income Trust (AHITX) 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
AHITX vs. FFRHX - Dividend Comparison
AHITX's dividend yield for the trailing twelve months is around 6.21%, less than FFRHX's 8.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHITX American Funds American High-Income Trust | 6.21% | 6.43% | 5.52% | 4.28% | 5.81% | 6.19% | 6.31% | 5.47% | 5.60% | 6.95% | 6.37% | 6.27% |
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
AHITX vs. FFRHX - Drawdown Comparison
The maximum AHITX drawdown since its inception was -34.94%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for AHITX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
AHITX vs. FFRHX - Volatility Comparison
American Funds American High-Income Trust (AHITX) has a higher volatility of 0.74% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.62%. This indicates that AHITX'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.