CFRIX vs. FBAPX
Compare and contrast key facts about Catalyst/CIFC Floating Rate Income Fund (CFRIX) and Fidelity Tactical Bond Fund (FBAPX).
CFRIX is managed by Catalyst Mutual Funds. It was launched on Dec 30, 2012. FBAPX is managed by Fidelity. It was launched on Feb 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CFRIX or FBAPX.
Correlation
The correlation between CFRIX and FBAPX is 0.24, 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
CFRIX vs. FBAPX - Performance Comparison
Key characteristics
CFRIX:
3.38
FBAPX:
0.16
CFRIX:
10.13
FBAPX:
0.26
CFRIX:
3.69
FBAPX:
1.03
CFRIX:
11.53
FBAPX:
0.13
CFRIX:
57.85
FBAPX:
0.48
CFRIX:
0.15%
FBAPX:
1.79%
CFRIX:
2.58%
FBAPX:
5.49%
CFRIX:
-19.19%
FBAPX:
-13.71%
CFRIX:
-0.54%
FBAPX:
-4.25%
Returns By Period
In the year-to-date period, CFRIX achieves a 7.73% return, which is significantly higher than FBAPX's 1.42% return.
CFRIX
7.73%
0.42%
3.59%
8.71%
5.24%
4.79%
FBAPX
1.42%
-0.91%
0.73%
1.42%
N/A
N/A
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CFRIX vs. FBAPX - Expense Ratio Comparison
CFRIX has a 0.90% expense ratio, which is higher than FBAPX's 0.66% expense ratio.
Risk-Adjusted Performance
CFRIX vs. FBAPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Catalyst/CIFC Floating Rate Income Fund (CFRIX) and Fidelity Tactical Bond Fund (FBAPX). 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
CFRIX vs. FBAPX - Dividend Comparison
CFRIX's dividend yield for the trailing twelve months is around 8.56%, more than FBAPX's 4.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFRIX Catalyst/CIFC Floating Rate Income Fund | 8.56% | 8.62% | 5.46% | 3.52% | 3.99% | 5.51% | 4.28% | 4.51% | 5.70% | 6.29% | 4.78% | 3.73% |
FBAPX Fidelity Tactical Bond Fund | 4.07% | 4.45% | 3.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CFRIX vs. FBAPX - Drawdown Comparison
The maximum CFRIX drawdown since its inception was -19.19%, which is greater than FBAPX's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for CFRIX and FBAPX. For additional features, visit the drawdowns tool.
Volatility
CFRIX vs. FBAPX - Volatility Comparison
The current volatility for Catalyst/CIFC Floating Rate Income Fund (CFRIX) is 0.79%, while Fidelity Tactical Bond Fund (FBAPX) has a volatility of 1.71%. This indicates that CFRIX experiences smaller price fluctuations and is considered to be less risky than FBAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.