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

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.


-0.50.00.51.00.2

Performance

FFHCX vs. LVHD - Performance Comparison

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

70.00%80.00%90.00%100.00%110.00%120.00%JulyAugustSeptemberOctoberNovemberDecember
73.19%
105.93%
FFHCX
LVHD

Key characteristics

Sharpe Ratio

FFHCX:

3.11

LVHD:

1.09

Sortino Ratio

FFHCX:

8.85

LVHD:

1.55

Omega Ratio

FFHCX:

2.69

LVHD:

1.20

Calmar Ratio

FFHCX:

9.58

LVHD:

1.20

Martin Ratio

FFHCX:

43.77

LVHD:

4.63

Ulcer Index

FFHCX:

0.20%

LVHD:

2.56%

Daily Std Dev

FFHCX:

2.73%

LVHD:

10.87%

Max Drawdown

FFHCX:

-21.45%

LVHD:

-37.32%

Current Drawdown

FFHCX:

-0.44%

LVHD:

-6.12%

Returns By Period

In the year-to-date period, FFHCX achieves a 8.66% return, which is significantly lower than LVHD's 10.21% return.


FFHCX

YTD

8.66%

1M

-0.11%

6M

4.16%

1Y

8.66%

5Y*

6.05%

10Y*

5.30%

LVHD

YTD

10.21%

1M

-3.49%

6M

10.06%

1Y

11.31%

5Y*

6.08%

10Y*

N/A

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. 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%.


LVHD
Legg Mason Low Volatility High Dividend ETF
Expense ratio chart for LVHD: current value at 0.27% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.27%
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. 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.


Sharpe ratio
The chart of Sharpe ratio for FFHCX, currently valued at 3.11, compared to the broader market-1.000.001.002.003.004.003.110.95
The chart of Sortino ratio for FFHCX, currently valued at 8.85, compared to the broader market-2.000.002.004.006.008.0010.008.851.36
The chart of Omega ratio for FFHCX, currently valued at 2.69, compared to the broader market0.501.001.502.002.503.003.502.691.17
The chart of Calmar ratio for FFHCX, currently valued at 9.58, compared to the broader market0.002.004.006.008.0010.0012.0014.009.581.03
The chart of Martin ratio for FFHCX, currently valued at 43.77, compared to the broader market0.0020.0040.0060.0043.773.99
FFHCX
LVHD

The current FFHCX Sharpe Ratio is 3.11, which is higher than the LVHD Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of FFHCX and LVHD, 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 Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
3.11
0.95
FFHCX
LVHD

Dividends

FFHCX vs. LVHD - Dividend Comparison

FFHCX's dividend yield for the trailing twelve months is around 8.49%, more than LVHD's 3.85% 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%
LVHD
Legg Mason Low Volatility High Dividend ETF
3.85%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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.44%
-6.12%
FFHCX
LVHD

Volatility

FFHCX vs. LVHD - Volatility Comparison

The current volatility for Fidelity Series Floating Rate High Income Fund (FFHCX) is 0.38%, while Legg Mason Low Volatility High Dividend ETF (LVHD) has a volatility of 3.59%. 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.


0.00%1.00%2.00%3.00%4.00%JulyAugustSeptemberOctoberNovemberDecember
0.38%
3.59%
FFHCX
LVHD
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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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