FDAAX vs. FFRIX
Compare and contrast key facts about Franklin Floating Rate Daily Access Fund (FDAAX) and Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX).
FDAAX is managed by Franklin Templeton Investments. It was launched on Apr 30, 2001. FFRIX 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: FDAAX or FFRIX.
Key characteristics
| FDAAX | FFRIX | |
|---|---|---|
| YTD Return | 7.15% | 8.06% |
| 1Y Return | 9.75% | 9.82% |
| 3Y Return (Ann) | 6.97% | 6.35% |
| 5Y Return (Ann) | 5.28% | 5.62% |
| 10Y Return (Ann) | 4.03% | 4.54% |
| Sharpe Ratio | 3.19 | 3.82 |
| Sortino Ratio | 8.22 | 11.32 |
| Omega Ratio | 2.60 | 3.64 |
| Calmar Ratio | 8.51 | 11.36 |
| Martin Ratio | 41.56 | 59.14 |
| Ulcer Index | 0.24% | 0.17% |
| Daily Std Dev | 3.11% | 2.56% |
| Max Drawdown | -25.73% | -22.13% |
| Current Drawdown | -0.13% | 0.00% |
Correlation
The correlation between FDAAX and FFRIX is 0.58, 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
FDAAX vs. FFRIX - Performance Comparison
In the year-to-date period, FDAAX achieves a 7.15% return, which is significantly lower than FFRIX's 8.06% return. Over the past 10 years, FDAAX has underperformed FFRIX with an annualized return of 4.03%, while FFRIX has yielded a comparatively higher 4.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDAAX vs. FFRIX - Expense Ratio Comparison
FDAAX has a 0.67% expense ratio, which is lower than FFRIX's 0.72% expense ratio.
Risk-Adjusted Performance
FDAAX vs. FFRIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Floating Rate Daily Access Fund (FDAAX) and Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX). 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
FDAAX vs. FFRIX - Dividend Comparison
FDAAX's dividend yield for the trailing twelve months is around 9.07%, more than FFRIX's 8.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDAAX Franklin Floating Rate Daily Access Fund | 9.07% | 8.34% | 5.91% | 3.70% | 5.07% | 5.63% | 5.20% | 3.81% | 4.58% | 5.12% | 4.16% | 3.84% |
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 8.34% | 8.21% | 5.00% | 3.20% | 3.79% | 5.11% | 4.66% | 3.95% | 3.86% | 4.21% | 3.94% | 3.40% |
Drawdowns
FDAAX vs. FFRIX - Drawdown Comparison
The maximum FDAAX drawdown since its inception was -25.73%, which is greater than FFRIX's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for FDAAX and FFRIX. For additional features, visit the drawdowns tool.
Volatility
FDAAX vs. FFRIX - Volatility Comparison
Franklin Floating Rate Daily Access Fund (FDAAX) has a higher volatility of 0.79% compared to Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) at 0.62%. This indicates that FDAAX's price experiences larger fluctuations and is considered to be riskier than FFRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.