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 0.69, 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. FFRIX - Performance Comparison
Key characteristics
BFRAX:
1.54
FFRIX:
1.49
BFRAX:
2.65
FFRIX:
2.33
BFRAX:
1.53
FFRIX:
1.56
BFRAX:
1.64
FFRIX:
1.43
BFRAX:
8.64
FFRIX:
7.73
BFRAX:
0.53%
FFRIX:
0.61%
BFRAX:
2.98%
FFRIX:
3.15%
BFRAX:
-20.61%
FFRIX:
-22.13%
BFRAX:
-1.84%
FFRIX:
-2.31%
Returns By Period
In the year-to-date period, BFRAX achieves a -1.19% return, which is significantly higher than FFRIX's -1.61% return. Over the past 10 years, BFRAX has underperformed FFRIX with an annualized return of 4.08%, while FFRIX has yielded a comparatively higher 4.36% annualized return.
BFRAX
-1.19%
-0.91%
0.43%
4.67%
6.65%
4.08%
FFRIX
-1.61%
-1.46%
0.45%
4.70%
7.36%
4.36%
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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.
Dividends
BFRAX vs. FFRIX - Dividend Comparison
BFRAX's dividend yield for the trailing twelve months is around 7.68%, less than FFRIX's 8.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFRAX BlackRock Floating Rate Income Fund | 7.68% | 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 | 8.22% | 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.
Volatility
BFRAX vs. FFRIX - Volatility Comparison
The current volatility for BlackRock Floating Rate Income Fund (BFRAX) is 1.70%, while Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) has a volatility of 2.05%. This indicates that BFRAX experiences smaller price fluctuations and is considered to be less risky than FFRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.