BFRAX vs. FFHCX
Compare and contrast key facts about BlackRock Floating Rate Income Fund (BFRAX) and Fidelity Series Floating Rate High Income Fund (FFHCX).
BFRAX is managed by BlackRock. It was launched on Nov 2, 1989. FFHCX is managed by Fidelity. It was launched on Oct 20, 2011.
Performance
BFRAX vs. FFHCX - Performance Comparison
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BFRAX vs. FFHCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | -1.16% | 5.35% | 8.12% | 9.94% | -1.43% | 3.59% | 2.39% | 8.60% | -0.74% | 3.10% |
FFHCX Fidelity Series Floating Rate High Income Fund | -0.43% | 6.02% | 8.49% | 13.19% | -1.55% | 5.66% | 2.54% | 9.42% | 1.36% | 4.80% |
Returns By Period
In the year-to-date period, BFRAX achieves a -1.16% return, which is significantly lower than FFHCX's -0.43% return. Over the past 10 years, BFRAX has underperformed FFHCX with an annualized return of 4.35%, while FFHCX has yielded a comparatively higher 5.80% annualized return.
BFRAX
- 1D
- 0.11%
- 1M
- 0.21%
- YTD
- -1.16%
- 6M
- 0.13%
- 1Y
- 4.08%
- 3Y*
- 6.28%
- 5Y*
- 4.55%
- 10Y*
- 4.35%
FFHCX
- 1D
- 0.12%
- 1M
- 0.35%
- YTD
- -0.43%
- 6M
- 1.07%
- 1Y
- 5.28%
- 3Y*
- 7.91%
- 5Y*
- 5.84%
- 10Y*
- 5.80%
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BFRAX vs. FFHCX - Expense Ratio Comparison
BFRAX has a 0.90% expense ratio, which is higher than FFHCX's 0.00% expense ratio.
Return for Risk
BFRAX vs. FFHCX — Risk / Return Rank
BFRAX
FFHCX
BFRAX vs. FFHCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) and Fidelity Series Floating Rate High Income Fund (FFHCX). 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.
| BFRAX | FFHCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.55 | -0.17 |
Sortino ratioReturn per unit of downside risk | 2.00 | 2.28 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.54 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.13 | -0.13 |
Martin ratioReturn relative to average drawdown | 7.22 | 10.44 | -3.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BFRAX | FFHCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.55 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.65 | 1.92 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | 1.40 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 1.36 | -1.00 |
Correlation
The correlation between BFRAX and FFHCX is 0.68, 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.
Dividends
BFRAX vs. FFHCX - Dividend Comparison
BFRAX's dividend yield for the trailing twelve months is around 6.13%, less than FFHCX's 7.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 6.13% | 6.68% | 8.00% | 6.24% | 4.09% | 2.91% | 3.81% | 4.65% | 4.58% | 3.45% | 3.90% | 4.02% |
FFHCX Fidelity Series Floating Rate High Income Fund | 7.30% | 8.11% | 8.46% | 9.47% | 3.83% | 3.64% | 4.61% | 5.92% | 6.68% | 4.80% | 5.16% | 4.37% |
Drawdowns
BFRAX vs. FFHCX - Drawdown Comparison
The maximum BFRAX drawdown since its inception was -44.69%, which is greater than FFHCX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for BFRAX and FFHCX.
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Drawdown Indicators
| BFRAX | FFHCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.69% | -21.45% | -23.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -2.60% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -6.43% | -5.81% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -20.61% | -21.45% | +0.84% |
Current DrawdownCurrent decline from peak | -1.36% | -0.62% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -0.94% | -5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.55% | +0.06% |
Volatility
BFRAX vs. FFHCX - Volatility Comparison
BlackRock Floating Rate Income Fund (BFRAX) and Fidelity Series Floating Rate High Income Fund (FFHCX) have volatilities of 0.66% and 0.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFRAX | FFHCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.68% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 1.85% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 3.45% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 3.05% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 4.15% | -0.21% |