FFHCX vs. FFRIX
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. FFRIX is managed by Fidelity. It was launched on Aug 16, 2000.
Performance
FFHCX vs. FFRIX - Performance Comparison
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FFHCX vs. FFRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFHCX Fidelity Series Floating Rate High Income Fund | -0.54% | 6.02% | 8.49% | 13.19% | -1.55% | 5.66% | 2.54% | 9.42% | 1.36% | 4.80% |
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | -0.73% | 5.54% | 7.07% | 11.63% | -1.58% | 5.06% | 1.64% | 8.47% | 0.13% | 3.86% |
Returns By Period
In the year-to-date period, FFHCX achieves a -0.54% return, which is significantly higher than FFRIX's -0.73% return. Over the past 10 years, FFHCX has outperformed FFRIX with an annualized return of 5.78%, while FFRIX has yielded a comparatively lower 4.85% annualized return.
FFHCX
- 1D
- -0.12%
- 1M
- 0.12%
- YTD
- -0.54%
- 6M
- 0.95%
- 1Y
- 5.16%
- 3Y*
- 7.87%
- 5Y*
- 5.83%
- 10Y*
- 5.78%
FFRIX
- 1D
- -0.11%
- 1M
- 0.00%
- YTD
- -0.73%
- 6M
- 0.64%
- 1Y
- 4.50%
- 3Y*
- 6.70%
- 5Y*
- 4.98%
- 10Y*
- 4.85%
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FFHCX vs. FFRIX - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than FFRIX's 0.72% expense ratio.
Return for Risk
FFHCX vs. FFRIX — Risk / Return Rank
FFHCX
FFRIX
FFHCX vs. FFRIX - Risk-Adjusted Trends 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 I (FFRIX). 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.
| FFHCX | FFRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 1.47 | +0.18 |
Sortino ratioReturn per unit of downside risk | 2.45 | 2.07 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.49 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.69 | +0.35 |
Martin ratioReturn relative to average drawdown | 10.03 | 8.29 | +1.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFHCX | FFRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.47 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.92 | 1.74 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.40 | 1.18 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 1.20 | +0.16 |
Correlation
The correlation between FFHCX and FFRIX is 0.74, 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.
Dividends
FFHCX vs. FFRIX - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 7.31%, more than FFRIX's 6.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFHCX Fidelity Series Floating Rate High Income Fund | 7.31% | 8.11% | 8.46% | 9.47% | 3.83% | 3.64% | 4.61% | 5.92% | 6.68% | 4.80% | 5.16% | 4.37% |
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 6.72% | 7.37% | 6.92% | 7.47% | 3.78% | 2.69% | 3.80% | 5.12% | 4.65% | 4.00% | 4.38% | 3.32% |
Drawdowns
FFHCX vs. FFRIX - Drawdown Comparison
The maximum FFHCX drawdown since its inception was -21.45%, roughly equal to the maximum FFRIX drawdown of -22.12%. Use the drawdown chart below to compare losses from any high point for FFHCX and FFRIX.
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Drawdown Indicators
| FFHCX | FFRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -22.12% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.74% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -5.81% | -5.92% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -22.12% | +0.67% |
Current DrawdownCurrent decline from peak | -0.73% | -0.86% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -0.94% | -1.01% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.58% | -0.03% |
Volatility
FFHCX vs. FFRIX - Volatility Comparison
Fidelity Series Floating Rate High Income Fund (FFHCX) and Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) have volatilities of 0.68% and 0.71%, 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.
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Volatility by Period
| FFHCX | FFRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.71% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 1.74% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 3.38% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.06% | 2.88% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 4.14% | +0.01% |