FFHCX vs. FFRAX
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. FFRAX 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: FFHCX or FFRAX.
Correlation
The correlation between FFHCX and FFRAX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FFHCX vs. FFRAX - Performance Comparison
Key characteristics
FFHCX:
3.11
FFRAX:
3.10
FFHCX:
8.85
FFRAX:
8.06
FFHCX:
2.69
FFRAX:
2.84
FFHCX:
9.58
FFRAX:
8.77
FFHCX:
43.38
FFRAX:
43.00
FFHCX:
0.20%
FFRAX:
0.18%
FFHCX:
2.73%
FFRAX:
2.43%
FFHCX:
-21.45%
FFRAX:
-22.22%
FFHCX:
-0.44%
FFRAX:
-0.53%
Returns By Period
In the year-to-date period, FFHCX achieves a 8.66% return, which is significantly higher than FFRAX's 7.57% return. Over the past 10 years, FFHCX has outperformed FFRAX with an annualized return of 5.29%, while FFRAX has yielded a comparatively lower 4.42% annualized return.
FFHCX
8.66%
-0.22%
4.16%
8.66%
6.06%
5.29%
FFRAX
7.57%
-0.32%
3.62%
7.68%
4.98%
4.42%
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FFHCX vs. FFRAX - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than FFRAX's 0.98% expense ratio.
Risk-Adjusted Performance
FFHCX vs. FFRAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX). 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. FFRAX - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 8.49%, more than FFRAX's 7.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFHCX Fidelity Series Floating Rate High Income Fund | 8.49% | 9.47% | 5.91% | 4.31% | 4.61% | 5.94% | 6.69% | 4.79% | 4.42% | 5.15% | 8.23% | 4.40% |
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | 7.36% | 7.95% | 4.73% | 2.94% | 3.55% | 4.86% | 4.41% | 3.73% | 3.66% | 3.96% | 3.70% | 3.18% |
Drawdowns
FFHCX vs. FFRAX - Drawdown Comparison
The maximum FFHCX drawdown since its inception was -21.45%, roughly equal to the maximum FFRAX drawdown of -22.22%. Use the drawdown chart below to compare losses from any high point for FFHCX and FFRAX. For additional features, visit the drawdowns tool.
Volatility
FFHCX vs. FFRAX - Volatility Comparison
Fidelity Series Floating Rate High Income Fund (FFHCX) has a higher volatility of 0.36% compared to Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) at 0.32%. This indicates that FFHCX's price experiences larger fluctuations and is considered to be riskier than FFRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.