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FFHCX vs. FFRHX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FFHCX and FFRHX 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.


-0.50.00.51.00.8

Performance

FFHCX vs. FFRHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series Floating Rate High Income Fund (FFHCX) and Fidelity Floating Rate High Income Fund (FFRHX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JulyAugustSeptemberOctoberNovemberDecember
4.28%
3.87%
FFHCX
FFRHX

Key characteristics

Sharpe Ratio

FFHCX:

3.11

FFRHX:

3.14

Sortino Ratio

FFHCX:

8.85

FFRHX:

9.16

Omega Ratio

FFHCX:

2.69

FFRHX:

3.14

Calmar Ratio

FFHCX:

9.58

FFRHX:

9.09

Martin Ratio

FFHCX:

43.38

FFRHX:

44.68

Ulcer Index

FFHCX:

0.20%

FFRHX:

0.18%

Daily Std Dev

FFHCX:

2.73%

FFRHX:

2.49%

Max Drawdown

FFHCX:

-21.45%

FFRHX:

-22.19%

Current Drawdown

FFHCX:

-0.44%

FFRHX:

-0.54%

Returns By Period

In the year-to-date period, FFHCX achieves a 8.66% return, which is significantly higher than FFRHX's 7.86% return. Over the past 10 years, FFHCX has outperformed FFRHX with an annualized return of 5.29%, while FFRHX has yielded a comparatively lower 4.74% annualized return.


FFHCX

YTD

8.66%

1M

-0.22%

6M

4.16%

1Y

8.66%

5Y*

6.06%

10Y*

5.29%

FFRHX

YTD

7.86%

1M

-0.32%

6M

3.75%

1Y

7.97%

5Y*

5.30%

10Y*

4.74%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FFHCX vs. FFRHX - Expense Ratio Comparison

FFHCX has a 0.00% expense ratio, which is lower than FFRHX's 0.67% expense ratio.


FFRHX
Fidelity Floating Rate High Income Fund
Expense ratio chart for FFRHX: current value at 0.67% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.67%
Expense ratio chart for FFHCX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

FFHCX vs. FFRHX - 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 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.


Sharpe ratio
The chart of Sharpe ratio for FFHCX, currently valued at 3.11, compared to the broader market-1.000.001.002.003.004.003.113.14
The chart of Sortino ratio for FFHCX, currently valued at 8.85, compared to the broader market-2.000.002.004.006.008.0010.008.859.16
The chart of Omega ratio for FFHCX, currently valued at 2.69, compared to the broader market0.501.001.502.002.503.003.502.693.14
The chart of Calmar ratio for FFHCX, currently valued at 9.58, compared to the broader market0.002.004.006.008.0010.0012.0014.009.589.09
The chart of Martin ratio for FFHCX, currently valued at 43.38, compared to the broader market0.0020.0040.0060.0043.3844.68
FFHCX
FFRHX

The current FFHCX Sharpe Ratio is 3.11, which is comparable to the FFRHX Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of FFHCX and FFRHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio3.003.203.403.603.804.00JulyAugustSeptemberOctoberNovemberDecember
3.11
3.14
FFHCX
FFRHX

Dividends

FFHCX vs. FFRHX - Dividend Comparison

FFHCX's dividend yield for the trailing twelve months is around 8.49%, more than FFRHX's 7.64% yield.


TTM20232022202120202019201820172016201520142013
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%
FFRHX
Fidelity Floating Rate High Income Fund
7.64%8.25%5.06%3.27%3.85%5.17%4.75%4.01%3.94%4.25%4.00%3.46%

Drawdowns

FFHCX vs. FFRHX - Drawdown Comparison

The maximum FFHCX drawdown since its inception was -21.45%, roughly equal to the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FFHCX and FFRHX. For additional features, visit the drawdowns tool.


-0.80%-0.60%-0.40%-0.20%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.44%
-0.54%
FFHCX
FFRHX

Volatility

FFHCX vs. FFRHX - Volatility Comparison

Fidelity Series Floating Rate High Income Fund (FFHCX) and Fidelity Floating Rate High Income Fund (FFRHX) have volatilities of 0.36% and 0.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.40%0.60%0.80%1.00%JulyAugustSeptemberOctoberNovemberDecember
0.36%
0.36%
FFHCX
FFRHX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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