BFRAX vs. FFRIX
Compare and contrast key facts about BlackRock Floating Rate Income Fund (BFRAX) and Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX).
BFRAX is managed by BlackRock. It was launched on Nov 2, 1989. FFRIX 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 FFRIX.
Correlation
The correlation between BFRAX and FFRIX is 0.28, 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
BFRAX vs. FFRIX - Performance Comparison
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Key characteristics
BFRAX:
1.98
FFRIX:
1.69
BFRAX:
3.46
FFRIX:
2.64
BFRAX:
1.70
FFRIX:
1.62
BFRAX:
2.16
FFRIX:
1.63
BFRAX:
10.70
FFRIX:
7.63
BFRAX:
0.56%
FFRIX:
0.70%
BFRAX:
2.99%
FFRIX:
3.17%
BFRAX:
-20.61%
FFRIX:
-22.13%
BFRAX:
0.00%
FFRIX:
-0.68%
Returns By Period
In the year-to-date period, BFRAX achieves a 1.06% return, which is significantly higher than FFRIX's 0.03% return. Both investments have delivered pretty close results over the past 10 years, with BFRAX having a 4.30% annualized return and FFRIX not far ahead at 4.49%.
BFRAX
1.06%
2.71%
2.17%
5.88%
6.96%
4.30%
FFRIX
0.03%
2.01%
1.34%
5.38%
7.48%
4.49%
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BFRAX vs. FFRIX - Expense Ratio Comparison
BFRAX has a 0.90% expense ratio, which is higher than FFRIX's 0.72% expense ratio.
Risk-Adjusted Performance
BFRAX vs. FFRIX — Risk-Adjusted Performance Rank
BFRAX
FFRIX
BFRAX vs. FFRIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Floating Rate Income Fund (BFRAX) and Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX). 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.
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Dividends
BFRAX vs. FFRIX - Dividend Comparison
BFRAX's dividend yield for the trailing twelve months is around 7.42%, which matches FFRIX's 7.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 7.42% | 7.98% | 8.26% | 4.85% | 3.15% | 3.73% | 4.63% | 4.52% | 3.79% | 3.91% | 4.02% | 4.17% |
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 7.39% | 8.29% | 8.21% | 5.00% | 3.20% | 3.79% | 5.11% | 4.66% | 3.95% | 3.86% | 4.21% | 3.94% |
Drawdowns
BFRAX vs. FFRIX - Drawdown Comparison
The maximum BFRAX drawdown since its inception was -20.61%, smaller than the maximum FFRIX drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for BFRAX and FFRIX. For additional features, visit the drawdowns tool.
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Volatility
BFRAX vs. FFRIX - Volatility Comparison
BlackRock Floating Rate Income Fund (BFRAX) and Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) have volatilities of 0.79% and 0.79%, 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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