FFHCX vs. FFRHX
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and Fidelity Floating Rate High Income Fund (FFRHX).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. FFRHX 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 FFRHX.
Key characteristics
| FFHCX | FFRHX | |
|---|---|---|
| YTD Return | 8.78% | 7.97% |
| 1Y Return | 10.64% | 9.86% |
| 3Y Return (Ann) | 7.12% | 6.35% |
| 5Y Return (Ann) | 6.42% | 5.65% |
| 10Y Return (Ann) | 5.13% | 4.59% |
| Sharpe Ratio | 3.70 | 3.83 |
| Sortino Ratio | 11.41 | 12.36 |
| Omega Ratio | 3.41 | 4.13 |
| Calmar Ratio | 11.94 | 11.41 |
| Martin Ratio | 56.38 | 60.78 |
| Ulcer Index | 0.19% | 0.16% |
| Daily Std Dev | 2.86% | 2.56% |
| Max Drawdown | -21.45% | -22.19% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
FFHCX vs. FFRHX - Performance Comparison
In the year-to-date period, FFHCX achieves a 8.78% return, which is significantly higher than FFRHX's 7.97% return. Over the past 10 years, FFHCX has outperformed FFRHX with an annualized return of 5.13%, while FFRHX has yielded a comparatively lower 4.59% 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. FFRHX - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
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.
Dividends
FFHCX vs. FFRHX - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 9.83%, more than FFRHX's 8.38% 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% |
FFRHX Fidelity Floating Rate High Income Fund | 8.38% | 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.
Volatility
FFHCX vs. FFRHX - Volatility Comparison
Fidelity Series Floating Rate High Income Fund (FFHCX) has a higher volatility of 0.69% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.62%. This indicates that FFHCX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.