CSOIX vs. FFRHX
CSOIX (Credit Suisse Strategic Income Fund) and FFRHX (Fidelity Floating Rate High Income Fund) are both mutual funds - CSOIX is a High Yield Bonds fund managed by Credit Suisse, while FFRHX is a Bank Loan fund actively managed by Fidelity. Over the past 10 years, CSOIX returned 5.77%/yr vs 4.98%/yr for FFRHX. A 0.63 correlation means they provide meaningful diversification when combined. CSOIX charges 0.79%/yr vs 0.67%/yr for FFRHX.
Performance
CSOIX vs. FFRHX - Performance Comparison
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Returns By Period
In the year-to-date period, CSOIX achieves a -0.05% return, which is significantly lower than FFRHX's 1.71% return. Over the past 10 years, CSOIX has outperformed FFRHX with an annualized return of 5.77%, while FFRHX has yielded a comparatively lower 4.98% annualized return.
CSOIX
- 1D
- 0.00%
- 1M
- 0.58%
- YTD
- -0.05%
- 6M
- 0.64%
- 1Y
- 3.34%
- 3Y*
- 7.05%
- 5Y*
- 3.99%
- 10Y*
- 5.77%
FFRHX
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- 1.71%
- 6M
- 2.32%
- 1Y
- 5.89%
- 3Y*
- 7.20%
- 5Y*
- 5.40%
- 10Y*
- 4.98%
CSOIX vs. FFRHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSOIX Credit Suisse Strategic Income Fund | -0.05% | 5.66% | 8.26% | 12.62% | -7.23% | 5.47% | 4.77% | 10.17% | -0.72% | 8.21% |
FFRHX Fidelity Floating Rate High Income Fund | 1.71% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
Correlation
The correlation between CSOIX and FFRHX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.63 |
The correlation between CSOIX and FFRHX shifts across timeframes, from 0.51 (1 year) to 0.65 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CSOIX vs. FFRHX — Risk / Return Rank
CSOIX
FFRHX
CSOIX vs. FFRHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse Strategic Income Fund (CSOIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CSOIX | FFRHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.87 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 4.97 | -3.75 |
| Martin ratioReturn relative to average drawdown | 4.46 | 17.06 | -12.60 |
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Drawdowns
CSOIX vs. FFRHX - Drawdown Comparison
The maximum CSOIX drawdown since its inception was -20.04%, smaller than the maximum FFRHX drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for CSOIX and FFRHX.
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Drawdown Indicators
| CSOIX | FFRHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.04% | -22.20% | +2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -1.19% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.92% | -3.29% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -10.39% | -5.90% | -4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -20.04% | -22.20% | +2.16% |
Current DrawdownCurrent decline from peak | -0.33% | -0.44% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -1.15% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.35% | +0.43% |
Volatility
CSOIX vs. FFRHX - Volatility Comparison
Credit Suisse Strategic Income Fund (CSOIX) has a higher volatility of 0.73% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.66%. This indicates that CSOIX'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.
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Volatility by Period
| CSOIX | FFRHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.66% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 1.63% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.72% | 2.37% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.35% | 2.88% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 4.14% | -0.12% |
CSOIX vs. FFRHX - Expense Ratio Comparison
CSOIX has a 0.79% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Dividends
CSOIX vs. FFRHX - Dividend Comparison
CSOIX's dividend yield for the trailing twelve months is around 6.52%, less than FFRHX's 7.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSOIX Credit Suisse Strategic Income Fund | 6.52% | 7.12% | 7.05% | 6.72% | 4.39% | 3.92% | 4.95% | 5.35% | 5.45% | 5.18% | 7.19% | 6.86% |
FFRHX Fidelity Floating Rate High Income Fund | 7.09% | 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
CSOIX and FFRHX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSOIX has higher volatility (0.73%) compared to FFRHX (0.66%). In terms of maximum drawdown, CSOIX dropped -20.04% vs FFRHX's -22.20%.
FFRHX currently has the higher Sharpe Ratio (2.50 vs 1.28), 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.
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