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AHITX vs. FFRHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.6

Performance

AHITX vs. FFRHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds American High-Income Trust (AHITX) and Fidelity Floating Rate High Income Fund (FFRHX). The values are adjusted to include any dividend payments, if applicable.

150.00%200.00%250.00%300.00%350.00%JulyAugustSeptemberOctoberNovemberDecember
364.93%
166.75%
AHITX
FFRHX

Key characteristics

Sharpe Ratio

AHITX:

3.65

FFRHX:

3.66

Sortino Ratio

AHITX:

6.40

FFRHX:

11.42

Omega Ratio

AHITX:

1.89

FFRHX:

3.89

Calmar Ratio

AHITX:

6.98

FFRHX:

10.50

Martin Ratio

AHITX:

27.81

FFRHX:

55.98

Ulcer Index

AHITX:

0.47%

FFRHX:

0.16%

Daily Std Dev

AHITX:

3.60%

FFRHX:

2.46%

Max Drawdown

AHITX:

-34.94%

FFRHX:

-22.19%

Current Drawdown

AHITX:

0.00%

FFRHX:

0.00%

Returns By Period

In the year-to-date period, AHITX achieves a 9.73% return, which is significantly higher than FFRHX's 8.32% return. Over the past 10 years, AHITX has outperformed FFRHX with an annualized return of 5.07%, while FFRHX has yielded a comparatively lower 4.71% annualized return.


AHITX

YTD

9.73%

1M

0.71%

6M

6.14%

1Y

13.00%

5Y (annualized)

5.77%

10Y (annualized)

5.07%

FFRHX

YTD

8.32%

1M

0.43%

6M

3.87%

1Y

9.20%

5Y (annualized)

5.54%

10Y (annualized)

4.71%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


AHITX vs. FFRHX - Expense Ratio Comparison

AHITX has a 0.69% expense ratio, which is higher than FFRHX's 0.67% expense ratio.


AHITX
American Funds American High-Income Trust
Expense ratio chart for AHITX: current value at 0.69% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.69%
Expense ratio chart for FFRHX: current value at 0.67% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.67%

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.


Sharpe ratio
The chart of Sharpe ratio for AHITX, currently valued at 3.73, compared to the broader market-1.000.001.002.003.004.003.733.66
The chart of Sortino ratio for AHITX, currently valued at 6.56, compared to the broader market-2.000.002.004.006.008.0010.0012.006.5611.42
The chart of Omega ratio for AHITX, currently valued at 1.92, compared to the broader market1.002.003.004.001.923.89
The chart of Calmar ratio for AHITX, currently valued at 7.11, compared to the broader market0.005.0010.0015.007.1110.50
The chart of Martin ratio for AHITX, currently valued at 28.40, compared to the broader market0.0020.0040.0060.0080.0028.4055.98
AHITX
FFRHX

The current AHITX Sharpe Ratio is 3.65, which is comparable to the FFRHX Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of AHITX and FFRHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.503.003.504.004.50JulyAugustSeptemberOctoberNovemberDecember
3.73
3.66
AHITX
FFRHX

Dividends

AHITX vs. FFRHX - Dividend Comparison

AHITX's dividend yield for the trailing twelve months is around 5.67%, less than FFRHX's 7.66% yield.


TTM20232022202120202019201820172016201520142013
AHITX
American Funds American High-Income Trust
5.67%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
7.66%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.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JulyAugustSeptemberOctoberNovemberDecember00
AHITX
FFRHX

Volatility

AHITX vs. FFRHX - Volatility Comparison

American Funds American High-Income Trust (AHITX) has a higher volatility of 0.61% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.20%. 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.


0.20%0.40%0.60%0.80%1.00%1.20%1.40%JulyAugustSeptemberOctoberNovemberDecember
0.61%
0.20%
AHITX
FFRHX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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