FFHCX vs. DODLX
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and Dodge & Cox Global Bond Fund (DODLX).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. DODLX is managed by Dodge & Cox. It was launched on Apr 30, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFHCX or DODLX.
Key characteristics
| FFHCX | DODLX | |
|---|---|---|
| YTD Return | 8.78% | 1.86% |
| 1Y Return | 10.76% | 9.70% |
| 3Y Return (Ann) | 7.13% | 1.29% |
| 5Y Return (Ann) | 6.42% | 3.07% |
| 10Y Return (Ann) | 5.14% | 3.15% |
| Sharpe Ratio | 3.70 | 1.68 |
| Sortino Ratio | 11.41 | 2.48 |
| Omega Ratio | 3.41 | 1.31 |
| Calmar Ratio | 11.94 | 1.45 |
| Martin Ratio | 56.38 | 6.37 |
| Ulcer Index | 0.19% | 1.52% |
| Daily Std Dev | 2.86% | 5.77% |
| Max Drawdown | -21.45% | -17.05% |
| Current Drawdown | 0.00% | -3.98% |
Correlation
The correlation between FFHCX and DODLX is 0.33, 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. DODLX - Performance Comparison
In the year-to-date period, FFHCX achieves a 8.78% return, which is significantly higher than DODLX's 1.86% return. Over the past 10 years, FFHCX has outperformed DODLX with an annualized return of 5.14%, while DODLX has yielded a comparatively lower 3.15% 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. DODLX - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than DODLX's 0.45% expense ratio.
Risk-Adjusted Performance
FFHCX vs. DODLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and Dodge & Cox Global Bond Fund (DODLX). 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. DODLX - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 9.83%, more than DODLX's 4.20% 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% |
DODLX Dodge & Cox Global Bond Fund | 4.20% | 3.31% | 5.05% | 2.49% | 2.21% | 3.40% | 4.21% | 2.34% | 1.69% | 0.00% | 1.40% | 0.00% |
Drawdowns
FFHCX vs. DODLX - Drawdown Comparison
The maximum FFHCX drawdown since its inception was -21.45%, which is greater than DODLX's maximum drawdown of -17.05%. Use the drawdown chart below to compare losses from any high point for FFHCX and DODLX. For additional features, visit the drawdowns tool.
Volatility
FFHCX vs. DODLX - Volatility Comparison
The current volatility for Fidelity Series Floating Rate High Income Fund (FFHCX) is 0.69%, while Dodge & Cox Global Bond Fund (DODLX) has a volatility of 1.73%. This indicates that FFHCX experiences smaller price fluctuations and is considered to be less risky than DODLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.