FFHCX vs. BFCAX
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and American Funds Corporate Bond Fund (BFCAX).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. BFCAX is managed by American Funds. It was launched on Dec 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFHCX or BFCAX.
Key characteristics
| FFHCX | BFCAX | |
|---|---|---|
| YTD Return | 8.78% | 1.88% |
| 1Y Return | 10.64% | 8.29% |
| 3Y Return (Ann) | 7.12% | -2.80% |
| 5Y Return (Ann) | 6.42% | -0.20% |
| Sharpe Ratio | 3.70 | 1.54 |
| Sortino Ratio | 11.41 | 2.30 |
| Omega Ratio | 3.41 | 1.28 |
| Calmar Ratio | 11.94 | 0.50 |
| Martin Ratio | 56.38 | 5.98 |
| Ulcer Index | 0.19% | 1.63% |
| Daily Std Dev | 2.86% | 6.31% |
| Max Drawdown | -21.45% | -24.55% |
| Current Drawdown | 0.00% | -12.33% |
Correlation
The correlation between FFHCX and BFCAX is 0.14, 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
FFHCX vs. BFCAX - Performance Comparison
In the year-to-date period, FFHCX achieves a 8.78% return, which is significantly higher than BFCAX's 1.88% 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. BFCAX - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than BFCAX's 0.70% expense ratio.
Risk-Adjusted Performance
FFHCX vs. BFCAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and American Funds Corporate Bond Fund (BFCAX). 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. BFCAX - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 9.83%, more than BFCAX's 3.96% 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% |
BFCAX American Funds Corporate Bond Fund | 3.96% | 3.38% | 2.61% | 1.49% | 1.74% | 2.48% | 2.64% | 2.23% | 0.81% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFHCX vs. BFCAX - Drawdown Comparison
The maximum FFHCX drawdown since its inception was -21.45%, smaller than the maximum BFCAX drawdown of -24.55%. Use the drawdown chart below to compare losses from any high point for FFHCX and BFCAX. For additional features, visit the drawdowns tool.
Volatility
FFHCX vs. BFCAX - Volatility Comparison
The current volatility for Fidelity Series Floating Rate High Income Fund (FFHCX) is 0.69%, while American Funds Corporate Bond Fund (BFCAX) has a volatility of 1.95%. This indicates that FFHCX experiences smaller price fluctuations and is considered to be less risky than BFCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.