FFGCX vs. FFRHX
Compare and contrast key facts about Fidelity Global Commodity Stock Fund (FFGCX) and Fidelity Floating Rate High Income Fund (FFRHX).
FFGCX is managed by Fidelity. It was launched on Mar 25, 2009. 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: FFGCX or FFRHX.
Key characteristics
| FFGCX | FFRHX | |
|---|---|---|
| YTD Return | 8.56% | 7.13% |
| 1Y Return | 10.27% | 9.94% |
| 3Y Return (Ann) | 8.02% | 6.26% |
| 5Y Return (Ann) | 12.70% | 5.56% |
| 10Y Return (Ann) | 6.23% | 4.57% |
| Sharpe Ratio | 0.50 | 3.88 |
| Sortino Ratio | 0.79 | 12.48 |
| Omega Ratio | 1.10 | 4.00 |
| Calmar Ratio | 0.36 | 11.78 |
| Martin Ratio | 1.70 | 62.37 |
| Ulcer Index | 4.99% | 0.16% |
| Daily Std Dev | 16.88% | 2.62% |
| Max Drawdown | -55.11% | -22.19% |
| Current Drawdown | -9.52% | 0.00% |
Correlation
The correlation between FFGCX and FFRHX is 0.30, 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
FFGCX vs. FFRHX - Performance Comparison
In the year-to-date period, FFGCX achieves a 8.56% return, which is significantly higher than FFRHX's 7.13% return. Over the past 10 years, FFGCX has outperformed FFRHX with an annualized return of 6.23%, while FFRHX has yielded a comparatively lower 4.57% 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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FFGCX vs. FFRHX - Expense Ratio Comparison
FFGCX has a 0.94% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
FFGCX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Commodity Stock Fund (FFGCX) 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
FFGCX vs. FFRHX - Dividend Comparison
FFGCX's dividend yield for the trailing twelve months is around 1.86%, less than FFRHX's 8.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFGCX Fidelity Global Commodity Stock Fund | 1.86% | 2.01% | 1.84% | 3.39% | 1.61% | 2.98% | 2.06% | 0.99% | 0.93% | 2.86% | 3.07% | 2.75% |
FFRHX Fidelity Floating Rate High Income Fund | 8.45% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
FFGCX vs. FFRHX - Drawdown Comparison
The maximum FFGCX drawdown since its inception was -55.11%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FFGCX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FFGCX vs. FFRHX - Volatility Comparison
Fidelity Global Commodity Stock Fund (FFGCX) has a higher volatility of 4.24% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.82%. This indicates that FFGCX'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.