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.
Correlation
The correlation between FFHCX and TLT is 0.29, 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. TLT - Performance Comparison
Key characteristics
FFHCX:
1.77
TLT:
0.28
FFHCX:
2.97
TLT:
0.48
FFHCX:
1.66
TLT:
1.06
FFHCX:
1.92
TLT:
0.09
FFHCX:
9.56
TLT:
0.53
FFHCX:
0.63%
TLT:
7.52%
FFHCX:
3.37%
TLT:
14.42%
FFHCX:
-21.45%
TLT:
-48.35%
FFHCX:
-1.54%
TLT:
-41.08%
Returns By Period
In the year-to-date period, FFHCX achieves a -0.86% return, which is significantly lower than TLT's 2.84% return. Over the past 10 years, FFHCX has outperformed TLT with an annualized return of 4.98%, while TLT has yielded a comparatively lower -0.92% annualized return.
FFHCX
-0.86%
-0.65%
1.43%
5.99%
8.19%
4.98%
TLT
2.84%
-1.03%
-1.48%
4.94%
-9.78%
-0.92%
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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 Rank
FFHCX
TLT
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 9.19%, more than TLT's 4.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFHCX Fidelity Series Floating Rate High Income Fund | 9.19% | 9.23% | 9.47% | 5.90% | 4.29% | 4.61% | 5.92% | 6.69% | 4.79% | 4.42% | 5.15% | 8.23% |
TLT iShares 20+ Year Treasury Bond ETF | 4.24% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
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 2.12%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 6.00%. 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.