FARFX vs. FFRHX

Last updated Aug 2, 2026

FARFX (Fidelity Advisor Managed Retirement 2025 Fund Class A) and FFRHX (Fidelity Floating Rate High Income Fund) are both mutual funds - FARFX is a Target Retirement Date fund managed by BlackRock, while FFRHX is a Bank Loan fund actively managed by Fidelity. Their 0.29 correlation means their historical movements had little consistent relationship. FARFX charges 0.73%/yr vs 0.67%/yr for FFRHX.

Performance

FARFX vs. FFRHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Managed Retirement 2025 Fund Class A (FARFX) and Fidelity Floating Rate High Income Fund (FFRHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FARFX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FFRHX

• 1D: 0.00%
• 1M: 0.11%
• 6M: 2.01%
• YTD: 2.14%
• 1Y: 4.94%
• 3Y*: 6.51%
• 5Y*: 5.49%
• 10Y*: 4.82%
• ALL TIME*: 3.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFRHX Fidelity Floating Rate High Income Fund	$0.00	$0.00	$0.00

FARFX vs. FFRHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FARFX Fidelity Advisor Managed Retirement 2025 Fund Class A	4.40%	13.15%	6.30%	11.55%	-15.86%	7.73%	12.80%	17.23%	-5.29%	13.98%
FFRHX Fidelity Floating Rate High Income Fund	2.14%	5.47%	7.10%	12.63%	-1.55%	5.01%	1.69%	8.63%	0.10%	3.91%

Correlation

The correlation between FARFX and FFRHX is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (3Y) Balances recent behavior with more history.	0.25
Correlation (5Y) Shows whether the relationship held over a longer period.	0.33
Correlation (10Y) Provides a long-term view across more market conditions.	0.31
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007	0.29

The correlation between FARFX and FFRHX shifts across timeframes, from 0.17 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FARFX vs. FFRHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FARFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FFRHX

FFRHX Risk / Return Rank: 95
FFRHX Sharpe Ratio Rank: 91
FFRHX Sortino Ratio Rank: 98
FFRHX Omega Ratio Rank: 98
FFRHX Calmar Ratio Rank: 96
FFRHX Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FARFX vs. FFRHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Managed Retirement 2025 Fund Class A (FARFX) 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.

	FARFX	FFRHX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.30	—
Sortino ratio: Return per unit of downside risk	—	5.37	—
Omega ratio: Gain probability vs. loss probability	—	1.81	—
Calmar ratio: Return relative to maximum drawdown	—	4.51	—
Martin ratio: Return relative to average drawdown	—	14.73	—

Drawdowns

Drawdown Indicators

	FARFX	FFRHX	Difference
Max Drawdown Largest peak-to-trough decline	—	-22.20%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-1.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-3.29%	—
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	—	-0.11%	—
Average Drawdown Average peak-to-trough decline	—	-1.14%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.36%	—

Volatility

Volatility by Period

	FARFX	FFRHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	2.34%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	2.89%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.13%	—

FARFX vs. FFRHX - Expense Ratio Comparison

FARFX has a 0.73% expense ratio, which is higher than FFRHX's 0.67% expense ratio.

Dividends

FARFX vs. FFRHX - Dividend Comparison

FARFX's dividend yield for the trailing twelve months is around 3.35%, less than FFRHX's 6.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FARFX Fidelity Advisor Managed Retirement 2025 Fund Class A	3.14%	2.43%	2.35%	2.21%	4.50%	4.96%	3.36%	3.64%	6.83%	24.58%	2.20%	4.23%
FFRHX Fidelity Floating Rate High Income Fund	6.39%	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 FARFX and FFRHX in my portfolio?

FARFX and FFRHX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.