FFHCX vs. LVHD
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and Legg Mason Low Volatility High Dividend ETF (LVHD).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. LVHD is a passively managed fund by Franklin Templeton that tracks the performance of the QS Low Volatility High Dividend Index. It was launched on Dec 29, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFHCX or LVHD.
Key characteristics
| FFHCX | LVHD | |
|---|---|---|
| YTD Return | 8.78% | 14.31% |
| 1Y Return | 10.76% | 25.73% |
| 3Y Return (Ann) | 7.13% | 5.65% |
| 5Y Return (Ann) | 6.42% | 7.46% |
| Sharpe Ratio | 3.70 | 2.22 |
| Sortino Ratio | 11.41 | 3.16 |
| Omega Ratio | 3.41 | 1.41 |
| Calmar Ratio | 11.94 | 1.78 |
| Martin Ratio | 56.38 | 10.67 |
| Ulcer Index | 0.19% | 2.35% |
| Daily Std Dev | 2.86% | 11.30% |
| Max Drawdown | -21.45% | -37.32% |
| Current Drawdown | 0.00% | -1.76% |
Correlation
The correlation between FFHCX and LVHD is 0.23, 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. LVHD - Performance Comparison
In the year-to-date period, FFHCX achieves a 8.78% return, which is significantly lower than LVHD's 14.31% 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. LVHD - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than LVHD's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FFHCX vs. LVHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and Legg Mason Low Volatility High Dividend ETF (LVHD). 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. LVHD - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 9.83%, more than LVHD's 3.71% 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% |
LVHD Legg Mason Low Volatility High Dividend ETF | 3.71% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.81% | 3.33% | 2.18% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFHCX vs. LVHD - Drawdown Comparison
The maximum FFHCX drawdown since its inception was -21.45%, smaller than the maximum LVHD drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for FFHCX and LVHD. For additional features, visit the drawdowns tool.
Volatility
FFHCX vs. LVHD - Volatility Comparison
The current volatility for Fidelity Series Floating Rate High Income Fund (FFHCX) is 0.69%, while Legg Mason Low Volatility High Dividend ETF (LVHD) has a volatility of 3.08%. This indicates that FFHCX experiences smaller price fluctuations and is considered to be less risky than LVHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.