CFRIX vs. FBAPX

Last updated Apr 1, 2026

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.

Performance

CFRIX vs. FBAPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Catalyst/CIFC Floating Rate Income Fund (CFRIX) and Fidelity Tactical Bond Fund (FBAPX). The values are adjusted to include any dividend payments, if applicable.

CFRIX vs. FBAPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CFRIX Catalyst/CIFC Floating Rate Income Fund	-1.54%	6.28%	7.98%	11.65%	-3.28%
FBAPX Fidelity Tactical Bond Fund	-0.36%	7.77%	1.57%	6.73%	-9.94%

Returns By Period

In the year-to-date period, CFRIX achieves a -1.54% return, which is significantly lower than FBAPX's -0.36% return.

CFRIX

• 1D: 0.00%
• 1M: 0.22%
• YTD: -1.54%
• 6M: 0.14%
• 1Y: 4.21%
• 3Y*: 6.82%
• 5Y*: 4.43%
• 10Y*: 5.57%

FBAPX

• 1D: 0.46%
• 1M: -2.32%
• YTD: -0.36%
• 6M: 0.38%
• 1Y: 4.49%
• 3Y*: 3.94%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CFRIX vs. FBAPX - Expense Ratio Comparison

CFRIX has a 0.90% expense ratio, which is higher than FBAPX's 0.66% expense ratio.

CFRIX

Catalyst/CIFC Floating Rate Income Fund

FBAPX

Fidelity Tactical Bond Fund

Return for Risk

CFRIX vs. FBAPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CFRIX

CFRIX Risk / Return Rank: 84
CFRIX Sharpe Ratio Rank: 84
CFRIX Sortino Ratio Rank: 91
CFRIX Omega Ratio Rank: 94
CFRIX Calmar Ratio Rank: 83
CFRIX Martin Ratio Rank: 70

FBAPX

FBAPX Risk / Return Rank: 68
FBAPX Sharpe Ratio Rank: 67
FBAPX Sortino Ratio Rank: 68
FBAPX Omega Ratio Rank: 52
FBAPX Calmar Ratio Rank: 84
FBAPX Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CFRIX vs. FBAPX - Risk-Adjusted Trends 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.

	CFRIX	FBAPX	Difference
Sharpe ratio Return per unit of total volatility	1.60	1.19	+0.41
Sortino ratio Return per unit of downside risk	2.60	1.70	+0.90
Omega ratio Gain probability vs. loss probability	1.48	1.21	+0.27
Calmar ratio Return relative to maximum drawdown	2.05	2.06	-0.01
Martin ratio Return relative to average drawdown	6.68	6.46	+0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFRIX vs. FBAPX - Sharpe Ratio Comparison

The current CFRIX Sharpe Ratio is 1.60, which is higher than the FBAPX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of CFRIX and FBAPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CFRIX	FBAPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	1.19	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.67	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.20	+1.05

Correlation

The correlation between CFRIX and FBAPX is 0.25, 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.

Dividends

CFRIX vs. FBAPX - Dividend Comparison

CFRIX's dividend yield for the trailing twelve months is around 6.23%, more than FBAPX's 4.32% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFRIX Catalyst/CIFC Floating Rate Income Fund	6.23%	6.83%	7.32%	7.13%	3.79%	2.44%	4.06%	5.50%	4.26%	4.50%	5.69%	6.27%
FBAPX Fidelity Tactical Bond Fund	4.32%	4.61%	4.81%	4.08%	3.19%	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 -19.18%, which is greater than FBAPX's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for CFRIX and FBAPX.

Drawdown Indicators

	CFRIX	FBAPX	Difference
Max Drawdown Largest peak-to-trough decline	-19.18%	-14.34%	-4.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.19%	-2.77%	+0.58%
Max Drawdown (5Y) Largest decline over 5 years	-6.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.18%	—	—
Current Drawdown Current decline from peak	-1.65%	-2.32%	+0.67%
Average Drawdown Average peak-to-trough decline	-1.25%	-5.11%	+3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	0.88%	-0.21%

Volatility

CFRIX vs. FBAPX - Volatility Comparison

The current volatility for Catalyst/CIFC Floating Rate Income Fund (CFRIX) is 0.90%, while Fidelity Tactical Bond Fund (FBAPX) has a volatility of 1.51%. 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.

Volatility by Period

	CFRIX	FBAPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.90%	1.51%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	1.90%	2.57%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	2.90%	4.31%	-1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.68%	5.73%	-3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.82%	5.73%	-1.91%