FFHCX vs. PRFRX
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and T. Rowe Price Floating Rate Fund (PRFRX).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011.
Performance
FFHCX vs. PRFRX - Performance Comparison
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FFHCX vs. PRFRX - 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% |
PRFRX T. Rowe Price Floating Rate Fund | -0.06% | 13.09% | 8.80% | 13.78% | -1.95% | 4.60% | 1.75% | 8.46% | -0.08% | 3.48% |
Returns By Period
In the year-to-date period, FFHCX achieves a -0.54% return, which is significantly lower than PRFRX's -0.06% return. Both investments have delivered pretty close results over the past 10 years, with FFHCX having a 5.78% annualized return and PRFRX not far behind at 5.66%.
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%
PRFRX
- 1D
- 0.00%
- 1M
- -0.11%
- YTD
- -0.06%
- 6M
- 3.35%
- 1Y
- 11.72%
- 3Y*
- 10.22%
- 5Y*
- 7.18%
- 10Y*
- 5.66%
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FFHCX vs. PRFRX - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than PRFRX's 0.75% expense ratio.
Return for Risk
FFHCX vs. PRFRX — Risk / Return Rank
FFHCX
PRFRX
FFHCX vs. PRFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and T. Rowe Price Floating Rate Fund (PRFRX). 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 | PRFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 3.66 | -2.00 |
Sortino ratioReturn per unit of downside risk | 2.45 | 7.34 | -4.89 |
Omega ratioGain probability vs. loss probability | 1.58 | 2.39 | -0.80 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 5.81 | -3.77 |
Martin ratioReturn relative to average drawdown | 10.03 | 28.10 | -18.07 |
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 | PRFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 3.66 | -2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.92 | 2.48 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.40 | 1.45 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 1.43 | -0.07 |
Correlation
The correlation between FFHCX and PRFRX is 0.68, 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.
Dividends
FFHCX vs. PRFRX - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 7.31%, less than PRFRX's 12.94% 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% |
PRFRX T. Rowe Price Floating Rate Fund | 12.94% | 12.91% | 8.17% | 9.57% | 4.03% | 3.86% | 4.00% | 4.84% | 4.87% | 4.04% | 4.07% | 4.07% |
Drawdowns
FFHCX vs. PRFRX - Drawdown Comparison
The maximum FFHCX drawdown since its inception was -21.45%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for FFHCX and PRFRX.
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Drawdown Indicators
| FFHCX | PRFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -20.05% | -1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.07% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -5.81% | -5.94% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -20.05% | -1.40% |
Current DrawdownCurrent decline from peak | -0.73% | -0.64% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -0.94% | -0.69% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.43% | +0.12% |
Volatility
FFHCX vs. PRFRX - Volatility Comparison
The current volatility for Fidelity Series Floating Rate High Income Fund (FFHCX) is 0.68%, while T. Rowe Price Floating Rate Fund (PRFRX) has a volatility of 0.74%. This indicates that FFHCX experiences smaller price fluctuations and is considered to be less risky than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFHCX | PRFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.74% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 2.18% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 3.34% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.06% | 2.91% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 3.92% | +0.23% |