FADMX vs. FFRHX
Compare and contrast key facts about Fidelity Strategic Income Fund (FADMX) and Fidelity Floating Rate High Income Fund (FFRHX).
FADMX is managed by Fidelity. It was launched on Oct 31, 1994. 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: FADMX or FFRHX.
Performance
FADMX vs. FFRHX - Performance Comparison
Returns By Period
In the year-to-date period, FADMX achieves a 6.71% return, which is significantly lower than FFRHX's 8.20% return.
FADMX
6.71%
0.35%
4.93%
11.38%
2.47%
N/A
FFRHX
8.20%
1.00%
4.35%
10.10%
5.72%
4.62%
Key characteristics
| FADMX | FFRHX | |
|---|---|---|
| Sharpe Ratio | 2.85 | 3.92 |
| Sortino Ratio | 4.55 | 12.64 |
| Omega Ratio | 1.58 | 4.20 |
| Calmar Ratio | 1.36 | 11.68 |
| Martin Ratio | 16.66 | 62.23 |
| Ulcer Index | 0.66% | 0.16% |
| Daily Std Dev | 3.84% | 2.55% |
| Max Drawdown | -16.68% | -22.19% |
| Current Drawdown | -0.84% | 0.00% |
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FADMX vs. FFRHX - Expense Ratio Comparison
FADMX has a 0.66% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Correlation
The correlation between FADMX and FFRHX is 0.43, 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.
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.
Dividends
FADMX vs. FFRHX - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.33%, less than FFRHX's 8.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.33% | 4.32% | 3.67% | 2.75% | 3.33% | 3.46% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 8.36% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
FADMX vs. FFRHX - Drawdown Comparison
The maximum FADMX drawdown since its inception was -16.68%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FADMX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FADMX vs. FFRHX - Volatility Comparison
Fidelity Strategic Income Fund (FADMX) has a higher volatility of 0.87% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.62%. This indicates that FADMX'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.