BFRAX vs. FFRHX
Compare and contrast key facts about BlackRock Floating Rate Income Fund (BFRAX) and Fidelity Floating Rate High Income Fund (FFRHX).
BFRAX is managed by BlackRock. It was launched on Nov 2, 1989. 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: BFRAX or FFRHX.
Correlation
The correlation between BFRAX and FFRHX is 0.67, 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
BFRAX vs. FFRHX - Performance Comparison
Key characteristics
BFRAX:
3.14
FFRHX:
3.25
BFRAX:
8.74
FFRHX:
9.70
BFRAX:
2.85
FFRHX:
3.33
BFRAX:
8.71
FFRHX:
9.27
BFRAX:
47.79
FFRHX:
42.33
BFRAX:
0.17%
FFRHX:
0.19%
BFRAX:
2.58%
FFRHX:
2.45%
BFRAX:
-20.61%
FFRHX:
-22.20%
BFRAX:
-0.10%
FFRHX:
-0.41%
Returns By Period
Over the past 10 years, BFRAX has underperformed FFRHX with an annualized return of 4.48%, while FFRHX has yielded a comparatively higher 4.78% annualized return.
BFRAX
0.10%
0.40%
3.92%
8.10%
5.03%
4.48%
FFRHX
0.00%
-0.32%
3.84%
7.90%
5.28%
4.78%
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BFRAX vs. FFRHX - Expense Ratio Comparison
BFRAX has a 0.90% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
BFRAX vs. FFRHX — Risk-Adjusted Performance Rank
BFRAX
FFRHX
BFRAX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) 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
BFRAX vs. FFRHX - Dividend Comparison
BFRAX's dividend yield for the trailing twelve months is around 7.97%, more than FFRHX's 7.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 7.97% | 7.98% | 8.26% | 4.85% | 3.15% | 3.73% | 4.63% | 4.52% | 3.79% | 3.91% | 4.02% | 4.17% |
FFRHX Fidelity Floating Rate High Income Fund | 7.67% | 7.67% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
Drawdowns
BFRAX vs. FFRHX - Drawdown Comparison
The maximum BFRAX drawdown since its inception was -20.61%, smaller than the maximum FFRHX drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for BFRAX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
BFRAX vs. FFRHX - Volatility Comparison
BlackRock Floating Rate Income Fund (BFRAX) has a higher volatility of 0.66% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.29%. This indicates that BFRAX'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.