CGXU vs. FFRHX

Last updated Jun 4, 2026

CGXU (Capital Group International Focus Equity ETF) and FFRHX (Fidelity Floating Rate High Income Fund) are both funds - CGXU is a Foreign Large Cap Equities fund actively managed by Capital Group, while FFRHX is a High Yield Bonds fund managed by Fidelity. Over the past 3 years, CGXU returned 18.00%/yr vs 7.64%/yr for FFRHX. At a 0.34 correlation, their price movements are largely independent. CGXU charges 0.54%/yr vs 0.67%/yr for FFRHX.

Performance

CGXU vs. FFRHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Group International Focus Equity ETF (CGXU) and Fidelity Floating Rate High Income Fund (FFRHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGXU achieves a 19.90% return, which is significantly higher than FFRHX's 2.05% return.

CGXU

• 1D: -1.14%
• 1M: 10.58%
• YTD: 19.90%
• 6M: 22.54%
• 1Y: 41.14%
• 3Y*: 18.00%
• 5Y*: —
• 10Y*: —

FFRHX

• 1D: -0.11%
• 1M: 0.78%
• YTD: 2.05%
• 6M: 2.69%
• 1Y: 6.13%
• 3Y*: 7.64%
• 5Y*: 5.49%
• 10Y*: 4.95%

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

CGXU vs. FFRHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CGXU Capital Group International Focus Equity ETF	19.90%	26.31%	4.36%	15.75%	-14.34%
FFRHX Fidelity Floating Rate High Income Fund	2.05%	5.47%	7.10%	12.63%	-0.75%

Correlation

The correlation between CGXU and FFRHX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022	0.34

CGXU vs. FFRHX - Sectors Allocation Comparison

Sectors	CGXU	FFRHX
Technology	21.6%	-
Industrials	15.4%	-
Financial Services	13.9%	-
Basic Materials	11.0%	-
Communication Services	10.5%	3.0%
Energy	7.5%	92.8%
Consumer Cyclical	6.6%	4.3%
Consumer Defensive	6.2%	-
Healthcare	4.7%	-
Utilities	2.5%	-
Real Estate	-	-

Return for Risk

CGXU vs. FFRHX — Risk / Return Rank

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

CGXU

CGXU Risk / Return Rank: 62
CGXU Sharpe Ratio Rank: 61
CGXU Sortino Ratio Rank: 60
CGXU Omega Ratio Rank: 60
CGXU Calmar Ratio Rank: 63
CGXU Martin Ratio Rank: 64

FFRHX

FFRHX Risk / Return Rank: 92
FFRHX Sharpe Ratio Rank: 81
FFRHX Sortino Ratio Rank: 98
FFRHX Omega Ratio Rank: 97
FFRHX Calmar Ratio Rank: 93
FFRHX Martin Ratio Rank: 90

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.

CGXU vs. FFRHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Group International Focus Equity ETF (CGXU) 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.

	CGXU	FFRHX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.62	-0.53
Sortino ratio: Return per unit of downside risk	2.85	6.30	-3.44
Omega ratio: Gain probability vs. loss probability	1.37	1.96	-0.59
Calmar ratio: Return relative to maximum drawdown	3.14	5.16	-2.02
Martin ratio: Return relative to average drawdown	11.72	18.28	-6.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGXU vs. FFRHX - Sharpe Ratio Comparison

The current CGXU Sharpe Ratio is 2.09, which is comparable to the FFRHX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of CGXU and FFRHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CGXU	FFRHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	2.62	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.92	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.15	-0.59

Drawdowns

CGXU vs. FFRHX - Drawdown Comparison

The maximum CGXU drawdown since its inception was -25.64%, which is greater than FFRHX's maximum drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for CGXU and FFRHX.

Drawdown Indicators

	CGXU	FFRHX	Difference
Max Drawdown Largest peak-to-trough decline	-25.64%	-22.20%	-3.44%
Max Drawdown (1Y) Largest decline over 1 year	-13.14%	-1.19%	-11.95%
Max Drawdown (3Y) Largest decline over 3 years	-21.63%	-3.29%	-18.34%
Max Drawdown (5Y) Largest decline over 5 years	—	-5.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.20%	—
Current Drawdown Current decline from peak	-1.14%	-0.11%	-1.03%
Average Drawdown Average peak-to-trough decline	-6.66%	-1.15%	-5.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	0.34%	+3.18%

Volatility

CGXU vs. FFRHX - Volatility Comparison

Capital Group International Focus Equity ETF (CGXU) has a higher volatility of 7.31% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.61%. This indicates that CGXU'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.

Volatility by Period

	CGXU	FFRHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.31%	0.61%	+6.70%
Volatility (6M) Calculated over the trailing 6-month period	17.05%	1.62%	+15.43%
Volatility (1Y) Calculated over the trailing 1-year period	19.83%	2.35%	+17.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	2.88%	+17.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.93%	4.14%	+15.79%

CGXU vs. FFRHX - Expense Ratio Comparison

CGXU has a 0.54% expense ratio, which is lower than FFRHX's 0.67% expense ratio.

Dividends

CGXU vs. FFRHX - Dividend Comparison

CGXU's dividend yield for the trailing twelve months is around 4.43%, less than FFRHX's 7.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGXU Capital Group International Focus Equity ETF	4.43%	5.31%	1.01%	0.99%	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FFRHX Fidelity Floating Rate High Income Fund	7.07%	7.41%	6.94%	8.24%	3.81%	2.74%	3.84%	5.15%	4.74%	4.05%	4.44%	3.69%

Frequently Asked Questions

Can I hold both CGXU and FFRHX in my portfolio?

CGXU and FFRHX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGXU or FFRHX?

CGXU has higher volatility (7.31%) compared to FFRHX (0.61%). In terms of maximum drawdown, CGXU dropped -25.64% vs FFRHX's -22.20%.

Which has better risk-adjusted returns?

FFRHX currently has the higher Sharpe Ratio (2.62 vs 2.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.