FFRAX vs. FOCIX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and Fairholme Focused Income Fund (FOCIX).
FFRAX is managed by Fidelity. It was launched on Aug 16, 2000. FOCIX is managed by Fairholme. It was launched on Dec 31, 2009.
Performance
FFRAX vs. FOCIX - Performance Comparison
Loading graphics...
FFRAX vs. FOCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | -0.77% | 5.28% | 6.83% | 11.35% | -1.77% | 4.83% | 1.38% | 8.19% | -0.09% | 3.52% |
FOCIX Fairholme Focused Income Fund | 6.93% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -6.88% | -0.54% |
Returns By Period
In the year-to-date period, FFRAX achieves a -0.77% return, which is significantly lower than FOCIX's 6.93% return. Over the past 10 years, FFRAX has underperformed FOCIX with an annualized return of 4.61%, while FOCIX has yielded a comparatively higher 8.24% annualized return.
FFRAX
- 1D
- -0.11%
- 1M
- -0.00%
- YTD
- -0.77%
- 6M
- 0.54%
- 1Y
- 4.27%
- 3Y*
- 6.49%
- 5Y*
- 4.74%
- 10Y*
- 4.61%
FOCIX
- 1D
- 0.19%
- 1M
- 1.18%
- YTD
- 6.93%
- 6M
- 6.35%
- 1Y
- 9.02%
- 3Y*
- 11.77%
- 5Y*
- 10.04%
- 10Y*
- 8.24%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FFRAX vs. FOCIX - Expense Ratio Comparison
FFRAX has a 0.98% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Return for Risk
FFRAX vs. FOCIX — Risk / Return Rank
FFRAX
FOCIX
FFRAX vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and Fairholme Focused Income Fund (FOCIX). 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.
| FFRAX | FOCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.98 | +0.43 |
Sortino ratioReturn per unit of downside risk | 1.97 | 1.38 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.19 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.18 | +0.43 |
Martin ratioReturn relative to average drawdown | 7.82 | 4.79 | +3.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FFRAX | FOCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 0.98 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.68 | 1.04 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | 0.90 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.80 | +0.35 |
Correlation
The correlation between FFRAX and FOCIX is 0.28, 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.
Dividends
FFRAX vs. FOCIX - Dividend Comparison
FFRAX's dividend yield for the trailing twelve months is around 6.48%, more than FOCIX's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | 6.48% | 7.12% | 6.69% | 7.24% | 3.57% | 2.47% | 3.56% | 4.86% | 4.42% | 3.77% | 4.14% | 3.42% |
FOCIX Fairholme Focused Income Fund | 1.23% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
Drawdowns
FFRAX vs. FOCIX - Drawdown Comparison
The maximum FFRAX drawdown since its inception was -22.21%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for FFRAX and FOCIX.
Loading graphics...
Drawdown Indicators
| FFRAX | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.21% | -18.78% | -3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -7.45% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -6.02% | -12.36% | +6.34% |
Max Drawdown (10Y)Largest decline over 10 years | -22.21% | -18.61% | -3.60% |
Current DrawdownCurrent decline from peak | -0.88% | -0.58% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -1.03% | -4.81% | +3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 1.84% | -1.26% |
Volatility
FFRAX vs. FOCIX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) is 0.70%, while Fairholme Focused Income Fund (FOCIX) has a volatility of 2.49%. This indicates that FFRAX experiences smaller price fluctuations and is considered to be less risky than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FFRAX | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 2.49% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 5.63% | -3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 9.26% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 9.73% | -6.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.12% | 9.18% | -5.06% |