FBAPX vs. CFRIX
Compare and contrast key facts about Fidelity Tactical Bond Fund (FBAPX) and Catalyst/CIFC Floating Rate Income Fund (CFRIX).
FBAPX is managed by Fidelity. It was launched on Feb 9, 2022. CFRIX is managed by Catalyst Mutual Funds. It was launched on Dec 30, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBAPX or CFRIX.
Key characteristics
| FBAPX | CFRIX | |
|---|---|---|
| YTD Return | 5.70% | 5.21% |
| 1Y Return | 10.79% | 8.85% |
| Sharpe Ratio | 1.79 | 3.36 |
| Daily Std Dev | 6.19% | 2.63% |
| Max Drawdown | -13.72% | -19.19% |
| Current Drawdown | 0.00% | -0.19% |
Correlation
The correlation between FBAPX and CFRIX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FBAPX vs. CFRIX - Performance Comparison
In the year-to-date period, FBAPX achieves a 5.70% return, which is significantly higher than CFRIX's 5.21% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FBAPX vs. CFRIX - Expense Ratio Comparison
FBAPX has a 0.66% expense ratio, which is lower than CFRIX's 0.90% expense ratio.
Risk-Adjusted Performance
FBAPX vs. CFRIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Tactical Bond Fund (FBAPX) and Catalyst/CIFC Floating Rate Income Fund (CFRIX). 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
FBAPX vs. CFRIX - Dividend Comparison
FBAPX's dividend yield for the trailing twelve months is around 4.52%, less than CFRIX's 8.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBAPX Fidelity Tactical Bond Fund | 4.52% | 4.45% | 3.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CFRIX Catalyst/CIFC Floating Rate Income Fund | 8.00% | 8.62% | 5.45% | 3.51% | 4.00% | 5.50% | 4.26% | 4.50% | 5.69% | 6.27% | 4.90% | 3.73% |
Drawdowns
FBAPX vs. CFRIX - Drawdown Comparison
The maximum FBAPX drawdown since its inception was -13.72%, smaller than the maximum CFRIX drawdown of -19.19%. Use the drawdown chart below to compare losses from any high point for FBAPX and CFRIX. For additional features, visit the drawdowns tool.
Volatility
FBAPX vs. CFRIX - Volatility Comparison
Fidelity Tactical Bond Fund (FBAPX) has a higher volatility of 1.24% compared to Catalyst/CIFC Floating Rate Income Fund (CFRIX) at 0.19%. This indicates that FBAPX's price experiences larger fluctuations and is considered to be riskier than CFRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.