FFHCX vs. TLT
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and iShares 20+ Year Treasury Bond ETF (TLT).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFHCX or TLT.
Key characteristics
| FFHCX | TLT | |
|---|---|---|
| YTD Return | 8.78% | -5.24% |
| 1Y Return | 10.76% | 7.41% |
| 3Y Return (Ann) | 7.13% | -12.32% |
| 5Y Return (Ann) | 6.42% | -5.76% |
| 10Y Return (Ann) | 5.14% | -0.27% |
| Sharpe Ratio | 3.70 | 0.48 |
| Sortino Ratio | 11.41 | 0.77 |
| Omega Ratio | 3.41 | 1.09 |
| Calmar Ratio | 11.94 | 0.16 |
| Martin Ratio | 56.38 | 1.18 |
| Ulcer Index | 0.19% | 6.06% |
| Daily Std Dev | 2.86% | 14.98% |
| Max Drawdown | -21.45% | -48.35% |
| Current Drawdown | 0.00% | -40.96% |
Correlation
The correlation between FFHCX and TLT is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FFHCX vs. TLT - Performance Comparison
In the year-to-date period, FFHCX achieves a 8.78% return, which is significantly higher than TLT's -5.24% return. Over the past 10 years, FFHCX has outperformed TLT with an annualized return of 5.14%, while TLT has yielded a comparatively lower -0.27% 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. TLT - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than TLT's 0.15% 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. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 9.83%, more than TLT's 4.06% 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.06% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
FFHCX vs. TLT - Drawdown Comparison
The maximum FFHCX drawdown since its inception was -21.45%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for FFHCX and TLT. For additional features, visit the drawdowns tool.
Volatility
FFHCX vs. TLT - Volatility Comparison
The current volatility for Fidelity Series Floating Rate High Income Fund (FFHCX) is 0.69%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.22%. This indicates that FFHCX experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.