FFHCX vs. OSTIX
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and Osterweis Strategic Income Fund (OSTIX).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. OSTIX is managed by Osterweis. It was launched on Aug 30, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFHCX or OSTIX.
Key characteristics
| FFHCX | OSTIX | |
|---|---|---|
| YTD Return | 8.78% | 7.23% |
| 1Y Return | 10.76% | 11.69% |
| 3Y Return (Ann) | 7.13% | 4.31% |
| 5Y Return (Ann) | 6.42% | 5.65% |
| 10Y Return (Ann) | 5.14% | 4.63% |
| Sharpe Ratio | 3.70 | 6.42 |
| Sortino Ratio | 11.41 | 14.38 |
| Omega Ratio | 3.41 | 3.58 |
| Calmar Ratio | 11.94 | 18.63 |
| Martin Ratio | 56.38 | 84.23 |
| Ulcer Index | 0.19% | 0.14% |
| Daily Std Dev | 2.86% | 1.84% |
| Max Drawdown | -21.45% | -10.06% |
| Current Drawdown | 0.00% | -0.09% |
Correlation
The correlation between FFHCX and OSTIX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FFHCX vs. OSTIX - Performance Comparison
In the year-to-date period, FFHCX achieves a 8.78% return, which is significantly higher than OSTIX's 7.23% return. Over the past 10 years, FFHCX has outperformed OSTIX with an annualized return of 5.14%, while OSTIX has yielded a comparatively lower 4.63% 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. OSTIX - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than OSTIX's 0.84% expense ratio.
Risk-Adjusted Performance
FFHCX vs. OSTIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and Osterweis Strategic Income Fund (OSTIX). 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. OSTIX - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 9.83%, more than OSTIX's 6.04% 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% |
OSTIX Osterweis Strategic Income Fund | 6.04% | 5.71% | 4.71% | 4.03% | 3.85% | 4.74% | 4.66% | 4.58% | 5.24% | 5.98% | 5.15% | 4.70% |
Drawdowns
FFHCX vs. OSTIX - Drawdown Comparison
The maximum FFHCX drawdown since its inception was -21.45%, which is greater than OSTIX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for FFHCX and OSTIX. For additional features, visit the drawdowns tool.
Volatility
FFHCX vs. OSTIX - Volatility Comparison
Fidelity Series Floating Rate High Income Fund (FFHCX) has a higher volatility of 0.69% compared to Osterweis Strategic Income Fund (OSTIX) at 0.40%. This indicates that FFHCX's price experiences larger fluctuations and is considered to be riskier than OSTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.