FFHCX vs. PLRIX
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and PIMCO Long Duration Total Return Fund (PLRIX).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. PLRIX is managed by PIMCO. It was launched on Aug 30, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFHCX or PLRIX.
Key characteristics
| FFHCX | PLRIX | |
|---|---|---|
| YTD Return | 8.78% | -0.54% |
| 1Y Return | 10.76% | 11.96% |
| 3Y Return (Ann) | 7.13% | -8.91% |
| 5Y Return (Ann) | 6.42% | -5.75% |
| 10Y Return (Ann) | 5.14% | -0.98% |
| Sharpe Ratio | 3.70 | 1.01 |
| Sortino Ratio | 11.41 | 1.50 |
| Omega Ratio | 3.41 | 1.18 |
| Calmar Ratio | 11.94 | 0.30 |
| Martin Ratio | 56.38 | 3.23 |
| Ulcer Index | 0.19% | 3.71% |
| Daily Std Dev | 2.86% | 11.81% |
| Max Drawdown | -21.45% | -43.91% |
| Current Drawdown | 0.00% | -33.35% |
Correlation
The correlation between FFHCX and PLRIX is 0.02, 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. PLRIX - Performance Comparison
In the year-to-date period, FFHCX achieves a 8.78% return, which is significantly higher than PLRIX's -0.54% return. Over the past 10 years, FFHCX has outperformed PLRIX with an annualized return of 5.14%, while PLRIX has yielded a comparatively lower -0.98% 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. PLRIX - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than PLRIX's 0.50% expense ratio.
Risk-Adjusted Performance
FFHCX vs. PLRIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and PIMCO Long Duration Total Return Fund (PLRIX). 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. PLRIX - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 9.83%, more than PLRIX's 3.47% 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% |
PLRIX PIMCO Long Duration Total Return Fund | 3.47% | 3.49% | 4.39% | 3.61% | 3.89% | 3.60% | 4.02% | 4.05% | 4.69% | 5.64% | 3.81% | 4.15% |
Drawdowns
FFHCX vs. PLRIX - Drawdown Comparison
The maximum FFHCX drawdown since its inception was -21.45%, smaller than the maximum PLRIX drawdown of -43.91%. Use the drawdown chart below to compare losses from any high point for FFHCX and PLRIX. For additional features, visit the drawdowns tool.
Volatility
FFHCX vs. PLRIX - Volatility Comparison
The current volatility for Fidelity Series Floating Rate High Income Fund (FFHCX) is 0.69%, while PIMCO Long Duration Total Return Fund (PLRIX) has a volatility of 4.13%. This indicates that FFHCX experiences smaller price fluctuations and is considered to be less risky than PLRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.