FFHCX vs. AGG
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and iShares Core U.S. Aggregate Bond ETF (AGG).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFHCX or AGG.
Key characteristics
| FFHCX | AGG | |
|---|---|---|
| YTD Return | 8.78% | 1.83% |
| 1Y Return | 10.76% | 8.19% |
| 3Y Return (Ann) | 7.13% | -2.19% |
| 5Y Return (Ann) | 6.42% | -0.18% |
| 10Y Return (Ann) | 5.14% | 1.46% |
| Sharpe Ratio | 3.70 | 1.37 |
| Sortino Ratio | 11.41 | 2.03 |
| Omega Ratio | 3.41 | 1.24 |
| Calmar Ratio | 11.94 | 0.53 |
| Martin Ratio | 56.38 | 4.90 |
| Ulcer Index | 0.19% | 1.67% |
| Daily Std Dev | 2.86% | 5.95% |
| Max Drawdown | -21.45% | -18.43% |
| Current Drawdown | 0.00% | -8.47% |
Correlation
The correlation between FFHCX and AGG is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FFHCX vs. AGG - Performance Comparison
In the year-to-date period, FFHCX achieves a 8.78% return, which is significantly higher than AGG's 1.83% return. Over the past 10 years, FFHCX has outperformed AGG with an annualized return of 5.14%, while AGG has yielded a comparatively lower 1.46% 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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FFHCX vs. AGG - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than AGG's 0.05% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FFHCX vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
FFHCX vs. AGG - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 9.83%, more than AGG's 3.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFHCX Fidelity Series Floating Rate High Income Fund | 9.83% | 9.47% | 5.91% | 4.31% | 4.61% | 5.94% | 6.69% | 4.79% | 4.42% | 5.15% | 8.23% | 4.40% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.64% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
FFHCX vs. AGG - Drawdown Comparison
The maximum FFHCX drawdown since its inception was -21.45%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for FFHCX and AGG. For additional features, visit the drawdowns tool.
Volatility
FFHCX vs. AGG - Volatility Comparison
The current volatility for Fidelity Series Floating Rate High Income Fund (FFHCX) is 0.69%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.78%. This indicates that FFHCX experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.