FFC vs. FDHY
FFC (Flaherty & Crumrine Preferred Securities Income Fund Inc.) is a stock, while FDHY (Fidelity Enhanced High Yield ETF) is High Yield Bonds fund actively managed by Fidelity. Over the past 5 years, FFC returned 0.12%/yr vs 3.74%/yr for FDHY. Their 0.43 correlation means their historical movements had little consistent relationship.
Performance
FFC vs. FDHY - Performance Comparison
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Returns By Period
In the year-to-date period, FFC achieves a 2.10% return, which is significantly lower than FDHY's 2.61% return.
FFC
- 1D
- -0.12%
- 1M
- 0.27%
- 6M
- 0.33%
- YTD
- 2.10%
- 1Y
- 6.79%
- 3Y*
- 13.41%
- 5Y*
- 0.12%
- 10Y*
- 4.44%
- ALL TIME*
- 6.93%
FDHY
- 1D
- 0.06%
- 1M
- -0.17%
- 6M
- 1.67%
- YTD
- 2.61%
- 1Y
- 6.85%
- 3Y*
- 8.43%
- 5Y*
- 3.74%
- 10Y*
- —
- ALL TIME*
- 5.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.94M | $4.42M | $4.10M | |
| $1.53M | $1.42M | $1.82M |
FFC vs. FDHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FFC Flaherty & Crumrine Preferred Securities Income Fund Inc. | 2.10% | 14.30% | 20.06% | -0.28% | -25.21% | -0.81% | 15.93% | 38.76% | -6.88% |
FDHY Fidelity Enhanced High Yield ETF | 2.61% | 9.24% | 7.53% | 11.14% | -11.30% | 4.33% | 10.71% | 16.87% | -2.35% |
Correlation
The correlation between FFC and FDHY is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2018 | 0.43 |
The correlation between FFC and FDHY shifts across timeframes, from 0.37 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FFC vs. FDHY — Risk / Return Rank
FFC
FDHY
FFC vs. FDHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) and Fidelity Enhanced High Yield ETF (FDHY). 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.
| FFC | FDHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.38 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 3.22 | -2.58 |
| Martin ratioReturn relative to average drawdown | 2.39 | 13.30 | -10.91 |
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Drawdowns
FFC vs. FDHY - Drawdown Comparison
The maximum FFC drawdown since its inception was -77.72%, which is greater than FDHY's maximum drawdown of -20.01%. Use the drawdown chart below to compare losses from any high point for FFC and FDHY.
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Drawdown Indicators
| FFC | FDHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.72% | -20.01% | -57.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.12% | -2.12% | -8.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.13% | -5.26% | -7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -39.36% | -16.38% | -22.98% |
Max Drawdown (10Y)Largest decline over 10 years | -54.06% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -0.36% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -2.82% | -7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 0.51% | +2.20% |
Volatility
FFC vs. FDHY - Volatility Comparison
Flaherty & Crumrine Preferred Securities Income Fund Inc. (FFC) has a higher volatility of 2.63% compared to Fidelity Enhanced High Yield ETF (FDHY) at 0.81%. This indicates that FFC's price experiences larger fluctuations and is considered to be riskier than FDHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFC | FDHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 0.81% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 2.84% | +5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.46% | 3.59% | +5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 7.13% | +8.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.74% | 7.98% | +14.76% |
Dividends
FFC vs. FDHY - Dividend Comparison
FFC's dividend yield for the trailing twelve months is around 7.62%, more than FDHY's 6.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDHY Fidelity Enhanced High Yield ETF | 6.54% | 6.56% | 6.58% | 6.26% | 5.34% | 6.09% | 5.78% | 4.94% | 2.55% | 0.00% | 0.00% | 0.00% |
FFC Flaherty & Crumrine Preferred Securities Income Fund Inc. | 7.62% | 7.08% | 6.97% | 7.54% | 9.11% | 7.03% | 6.18% | 6.27% | 8.21% | 7.29% | 8.62% | 8.14% |
Frequently Asked Questions
FFC and FDHY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FFC has higher volatility (2.63%) compared to FDHY (0.81%). In terms of maximum drawdown, FFC dropped -77.72% vs FDHY's -20.01%.
FDHY currently has the higher Sharpe Ratio (1.90 vs 0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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