CHIAX vs. FFRHX
Compare and contrast key facts about Credit Suisse Floating Rate High Income Fund (CHIAX) and Fidelity Floating Rate High Income Fund (FFRHX).
CHIAX is managed by Credit Suisse (New York, NY). It was launched on Mar 7, 1999. FFRHX 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: CHIAX or FFRHX.
Key characteristics
| CHIAX | FFRHX | |
|---|---|---|
| YTD Return | 6.74% | 7.97% |
| 1Y Return | 8.38% | 9.98% |
| 3Y Return (Ann) | 5.55% | 6.32% |
| 5Y Return (Ann) | 5.14% | 5.64% |
| 10Y Return (Ann) | 4.33% | 4.59% |
| Sharpe Ratio | 2.88 | 3.83 |
| Sortino Ratio | 7.46 | 12.23 |
| Omega Ratio | 2.72 | 4.02 |
| Calmar Ratio | 13.35 | 11.41 |
| Martin Ratio | 43.01 | 60.36 |
| Ulcer Index | 0.19% | 0.16% |
| Daily Std Dev | 2.90% | 2.56% |
| Max Drawdown | -39.31% | -22.19% |
| Current Drawdown | -0.63% | 0.00% |
Correlation
The correlation between CHIAX and FFRHX is 0.59, 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
CHIAX vs. FFRHX - Performance Comparison
In the year-to-date period, CHIAX achieves a 6.74% return, which is significantly lower than FFRHX's 7.97% return. Over the past 10 years, CHIAX has underperformed FFRHX with an annualized return of 4.33%, while FFRHX has yielded a comparatively higher 4.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CHIAX vs. FFRHX - Expense Ratio Comparison
CHIAX has a 0.95% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
CHIAX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse Floating Rate High Income Fund (CHIAX) 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.
Dividends
CHIAX vs. FFRHX - Dividend Comparison
CHIAX's dividend yield for the trailing twelve months is around 8.23%, less than FFRHX's 8.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIAX Credit Suisse Floating Rate High Income Fund | 8.23% | 8.74% | 5.22% | 3.39% | 4.20% | 4.95% | 4.39% | 3.82% | 4.49% | 4.28% | 3.93% | 4.09% |
FFRHX Fidelity Floating Rate High Income Fund | 8.38% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
CHIAX vs. FFRHX - Drawdown Comparison
The maximum CHIAX drawdown since its inception was -39.31%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for CHIAX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
CHIAX vs. FFRHX - Volatility Comparison
Credit Suisse Floating Rate High Income Fund (CHIAX) has a higher volatility of 0.96% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.62%. This indicates that CHIAX'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.