FFRAX vs. FFHCX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and Fidelity Series Floating Rate High Income Fund (FFHCX).
FFRAX is managed by Fidelity. It was launched on Aug 16, 2000. FFHCX is managed by Fidelity. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRAX or FFHCX.
Correlation
The correlation between FFRAX and FFHCX is 0.27, 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. FFHCX - Performance Comparison
Key characteristics
FFRAX:
1.64
FFHCX:
1.77
FFRAX:
2.52
FFHCX:
2.97
FFRAX:
1.60
FFHCX:
1.66
FFRAX:
1.56
FFHCX:
1.92
FFRAX:
7.91
FFHCX:
9.56
FFRAX:
0.65%
FFHCX:
0.63%
FFRAX:
3.13%
FFHCX:
3.38%
FFRAX:
-22.22%
FFHCX:
-21.45%
FFRAX:
-1.57%
FFHCX:
-1.54%
Returns By Period
The year-to-date returns for both investments are quite close, with FFRAX having a -0.90% return and FFHCX slightly higher at -0.86%. Over the past 10 years, FFRAX has underperformed FFHCX with an annualized return of 4.17%, while FFHCX has yielded a comparatively higher 5.01% annualized return.
FFRAX
-0.90%
-0.82%
1.12%
5.15%
7.28%
4.17%
FFHCX
-0.86%
-0.87%
1.43%
5.99%
8.13%
5.01%
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FFRAX vs. FFHCX - Expense Ratio Comparison
FFRAX has a 0.98% expense ratio, which is higher than FFHCX's 0.00% expense ratio.
Risk-Adjusted Performance
FFRAX vs. FFHCX — Risk-Adjusted Performance Rank
FFRAX
FFHCX
FFRAX vs. FFHCX - 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 Fidelity Series Floating Rate High Income Fund (FFHCX). 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. FFHCX - Dividend Comparison
FFRAX's dividend yield for the trailing twelve months is around 7.91%, less than FFHCX's 9.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | 7.91% | 8.03% | 7.95% | 4.73% | 2.94% | 3.55% | 4.86% | 4.41% | 3.73% | 3.66% | 3.96% | 3.70% |
FFHCX Fidelity Series Floating Rate High Income Fund | 9.18% | 9.23% | 9.47% | 5.91% | 4.31% | 4.61% | 5.94% | 6.69% | 4.79% | 4.42% | 5.15% | 8.23% |
Drawdowns
FFRAX vs. FFHCX - Drawdown Comparison
The maximum FFRAX drawdown since its inception was -22.22%, roughly equal to the maximum FFHCX drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for FFRAX and FFHCX. For additional features, visit the drawdowns tool.
Volatility
FFRAX vs. FFHCX - Volatility Comparison
Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and Fidelity Series Floating Rate High Income Fund (FFHCX) have volatilities of 2.14% and 2.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.