FFRAX vs. BHYIX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX).
FFRAX is managed by Fidelity. It was launched on Aug 16, 2000. BHYIX is managed by Blackrock. It was launched on Nov 19, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRAX or BHYIX.
Correlation
The correlation between FFRAX and BHYIX is 0.57, 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.
Performance
FFRAX vs. BHYIX - Performance Comparison
Key characteristics
FFRAX:
2.20
BHYIX:
1.98
FFRAX:
5.12
BHYIX:
3.09
FFRAX:
1.95
BHYIX:
1.44
FFRAX:
4.48
BHYIX:
3.85
FFRAX:
18.16
BHYIX:
11.08
FFRAX:
0.29%
BHYIX:
0.63%
FFRAX:
2.42%
BHYIX:
3.51%
FFRAX:
-22.22%
BHYIX:
-34.81%
FFRAX:
-1.19%
BHYIX:
-1.40%
Returns By Period
In the year-to-date period, FFRAX achieves a -0.51% return, which is significantly lower than BHYIX's 0.53% return. Over the past 10 years, FFRAX has underperformed BHYIX with an annualized return of 4.28%, while BHYIX has yielded a comparatively higher 4.71% annualized return.
FFRAX
-0.51%
-1.08%
1.95%
5.32%
8.26%
4.28%
BHYIX
0.53%
-1.26%
0.61%
7.23%
8.04%
4.71%
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FFRAX vs. BHYIX - Expense Ratio Comparison
FFRAX has a 0.98% expense ratio, which is higher than BHYIX's 0.59% expense ratio.
Risk-Adjusted Performance
FFRAX vs. BHYIX — Risk-Adjusted Performance Rank
FFRAX
BHYIX
FFRAX vs. BHYIX - 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 BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX). 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. BHYIX - Dividend Comparison
FFRAX's dividend yield for the trailing twelve months is around 7.22%, more than BHYIX's 6.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | 7.22% | 8.03% | 7.95% | 4.73% | 2.94% | 3.55% | 4.86% | 4.41% | 3.73% | 3.66% | 3.96% | 3.70% |
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 6.44% | 7.03% | 6.68% | 5.86% | 4.74% | 5.12% | 5.56% | 6.19% | 5.63% | 5.60% | 5.69% | 5.93% |
Drawdowns
FFRAX vs. BHYIX - Drawdown Comparison
The maximum FFRAX drawdown since its inception was -22.22%, smaller than the maximum BHYIX drawdown of -34.81%. Use the drawdown chart below to compare losses from any high point for FFRAX and BHYIX. For additional features, visit the drawdowns tool.
Volatility
FFRAX vs. BHYIX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) is 0.40%, while BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) has a volatility of 0.97%. This indicates that FFRAX experiences smaller price fluctuations and is considered to be less risky than BHYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.