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FADMX vs. FFRHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FADMXFFRHX
YTD Return2.32%3.70%
1Y Return8.52%11.81%
3Y Return (Ann)0.69%5.90%
5Y Return (Ann)3.08%5.01%
Sharpe Ratio1.964.30
Daily Std Dev4.55%2.77%
Max Drawdown-15.84%-22.20%
Current Drawdown-1.04%0.00%

Correlation

-0.50.00.51.00.5

The correlation between FADMX and FFRHX is 0.46, 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

FADMX vs. FFRHX - Performance Comparison

In the year-to-date period, FADMX achieves a 2.32% return, which is significantly lower than FFRHX's 3.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


10.00%15.00%20.00%25.00%30.00%December2024FebruaryMarchAprilMay
19.37%
33.13%
FADMX
FFRHX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Fidelity Strategic Income Fund

Fidelity Floating Rate High Income Fund

FADMX vs. FFRHX - Expense Ratio Comparison

FADMX has a 0.66% expense ratio, which is lower than FFRHX's 0.67% expense ratio.


FFRHX
Fidelity Floating Rate High Income Fund
Expense ratio chart for FFRHX: current value at 0.67% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.67%
Expense ratio chart for FADMX: current value at 0.66% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.66%

Risk-Adjusted Performance

FADMX vs. FFRHX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) 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.


FADMX
Sharpe ratio
The chart of Sharpe ratio for FADMX, currently valued at 1.96, compared to the broader market-1.000.001.002.003.004.001.96
Sortino ratio
The chart of Sortino ratio for FADMX, currently valued at 3.06, compared to the broader market-2.000.002.004.006.008.0010.0012.003.06
Omega ratio
The chart of Omega ratio for FADMX, currently valued at 1.37, compared to the broader market0.501.001.502.002.503.003.501.37
Calmar ratio
The chart of Calmar ratio for FADMX, currently valued at 0.83, compared to the broader market0.002.004.006.008.0010.0012.000.83
Martin ratio
The chart of Martin ratio for FADMX, currently valued at 6.69, compared to the broader market0.0020.0040.0060.006.69
FFRHX
Sharpe ratio
The chart of Sharpe ratio for FFRHX, currently valued at 4.30, compared to the broader market-1.000.001.002.003.004.004.30
Sortino ratio
The chart of Sortino ratio for FFRHX, currently valued at 11.91, compared to the broader market-2.000.002.004.006.008.0010.0012.0011.91
Omega ratio
The chart of Omega ratio for FFRHX, currently valued at 3.72, compared to the broader market0.501.001.502.002.503.003.503.72
Calmar ratio
The chart of Calmar ratio for FFRHX, currently valued at 12.08, compared to the broader market0.002.004.006.008.0010.0012.0012.08
Martin ratio
The chart of Martin ratio for FFRHX, currently valued at 72.69, compared to the broader market0.0020.0040.0060.0072.69

FADMX vs. FFRHX - Sharpe Ratio Comparison

The current FADMX Sharpe Ratio is 1.96, which is lower than the FFRHX Sharpe Ratio of 4.30. The chart below compares the 12-month rolling Sharpe Ratio of FADMX and FFRHX.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00December2024FebruaryMarchAprilMay
1.96
4.30
FADMX
FFRHX

Dividends

FADMX vs. FFRHX - Dividend Comparison

FADMX's dividend yield for the trailing twelve months is around 4.40%, less than FFRHX's 8.45% yield.


TTM20232022202120202019201820172016201520142013
FADMX
Fidelity Strategic Income Fund
4.40%4.32%3.81%4.64%4.57%4.32%2.59%0.00%0.00%0.00%0.00%0.00%
FFRHX
Fidelity Floating Rate High Income Fund
8.45%8.23%5.06%3.26%3.84%5.15%4.72%4.05%3.94%4.25%4.00%3.46%

Drawdowns

FADMX vs. FFRHX - Drawdown Comparison

The maximum FADMX drawdown since its inception was -15.84%, smaller than the maximum FFRHX drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for FADMX and FFRHX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%December2024FebruaryMarchAprilMay
-1.04%
0
FADMX
FFRHX

Volatility

FADMX vs. FFRHX - Volatility Comparison

The current volatility for Fidelity Strategic Income Fund (FADMX) is 1.07%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 1.23%. This indicates that FADMX experiences smaller price fluctuations and is considered to be less risky than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%December2024FebruaryMarchAprilMay
1.07%
1.23%
FADMX
FFRHX