FFRAX vs. AGZD
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD).
FFRAX is managed by Fidelity. It was launched on Aug 16, 2000. AGZD is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. It was launched on Dec 18, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRAX or AGZD.
Key characteristics
| FFRAX | AGZD | |
|---|---|---|
| YTD Return | 7.68% | 5.95% |
| 1Y Return | 9.65% | 7.55% |
| 3Y Return (Ann) | 6.05% | 4.69% |
| 5Y Return (Ann) | 5.32% | 3.14% |
| 10Y Return (Ann) | 4.28% | 2.51% |
| Sharpe Ratio | 3.73 | 2.04 |
| Sortino Ratio | 10.22 | 3.19 |
| Omega Ratio | 3.54 | 1.38 |
| Calmar Ratio | 10.90 | 10.41 |
| Martin Ratio | 57.15 | 31.49 |
| Ulcer Index | 0.16% | 0.25% |
| Daily Std Dev | 2.51% | 3.90% |
| Max Drawdown | -22.22% | -8.45% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FFRAX and AGZD is 0.11, 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
FFRAX vs. AGZD - Performance Comparison
In the year-to-date period, FFRAX achieves a 7.68% return, which is significantly higher than AGZD's 5.95% return. Over the past 10 years, FFRAX has outperformed AGZD with an annualized return of 4.28%, while AGZD has yielded a comparatively lower 2.51% 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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FFRAX vs. AGZD - Expense Ratio Comparison
FFRAX has a 0.98% expense ratio, which is higher than AGZD's 0.23% expense ratio.
Risk-Adjusted Performance
FFRAX vs. AGZD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD). 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
FFRAX vs. AGZD - Dividend Comparison
FFRAX's dividend yield for the trailing twelve months is around 8.08%, more than AGZD's 6.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | 8.08% | 7.95% | 4.73% | 2.94% | 3.55% | 4.86% | 4.41% | 3.73% | 3.66% | 3.96% | 3.70% | 3.18% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 6.25% | 6.07% | 8.61% | 1.66% | 2.29% | 2.83% | 2.62% | 2.35% | 1.95% | 2.37% | 1.69% | 0.05% |
Drawdowns
FFRAX vs. AGZD - Drawdown Comparison
The maximum FFRAX drawdown since its inception was -22.22%, which is greater than AGZD's maximum drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for FFRAX and AGZD. For additional features, visit the drawdowns tool.
Volatility
FFRAX vs. AGZD - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) is 0.62%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 0.95%. This indicates that FFRAX experiences smaller price fluctuations and is considered to be less risky than AGZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.