FFHCX vs. VWEAX
Compare and contrast key facts about Fidelity Series Floating Rate High Income Fund (FFHCX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
FFHCX is managed by Fidelity. It was launched on Oct 20, 2011. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
FFHCX vs. VWEAX - Performance Comparison
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FFHCX vs. VWEAX - 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.68% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Returns By Period
In the year-to-date period, FFHCX achieves a -0.54% return, which is significantly higher than VWEAX's -1.68% return. Over the past 10 years, FFHCX has outperformed VWEAX with an annualized return of 5.78%, while VWEAX has yielded a comparatively lower 5.22% annualized return.
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%
VWEAX
- 1D
- 0.18%
- 1M
- -2.34%
- YTD
- -1.68%
- 6M
- 0.04%
- 1Y
- 5.98%
- 3Y*
- 7.45%
- 5Y*
- 3.91%
- 10Y*
- 5.22%
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FFHCX vs. VWEAX - Expense Ratio Comparison
FFHCX has a 0.00% expense ratio, which is lower than VWEAX's 0.13% 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%.
Return for Risk
FFHCX vs. VWEAX — Risk / Return Rank
FFHCX
VWEAX
FFHCX vs. VWEAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Floating Rate High Income Fund (FFHCX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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 | VWEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 1.92 | -0.27 |
Sortino ratioReturn per unit of downside risk | 2.45 | 2.89 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.47 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.52 | -0.47 |
Martin ratioReturn relative to average drawdown | 10.03 | 10.45 | -0.42 |
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 | VWEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.92 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.92 | 0.81 | +1.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.40 | 1.00 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 1.22 | +0.14 |
Correlation
The correlation between FFHCX and VWEAX is 0.53, 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. VWEAX - Dividend Comparison
FFHCX's dividend yield for the trailing twelve months is around 7.31%, more than VWEAX's 5.91% 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.91% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Drawdowns
FFHCX vs. VWEAX - Drawdown Comparison
The maximum FFHCX drawdown since its inception was -21.45%, smaller than the maximum VWEAX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for FFHCX and VWEAX.
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Drawdown Indicators
| FFHCX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.45% | -30.05% | +8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.52% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -5.81% | -13.77% | +7.96% |
Max Drawdown (10Y)Largest decline over 10 years | -21.45% | -19.68% | -1.77% |
Current DrawdownCurrent decline from peak | -0.73% | -2.34% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -0.94% | -2.13% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.61% | -0.06% |
Volatility
FFHCX vs. VWEAX - Volatility Comparison
The current volatility for Fidelity Series Floating Rate High Income Fund (FFHCX) is 0.68%, while Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) has a volatility of 1.23%. This indicates that FFHCX experiences smaller price fluctuations and is considered to be less risky than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFHCX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 1.23% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 2.25% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 3.43% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.06% | 4.86% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 5.27% | -1.12% |