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FFRAX vs. PRFRX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FFRAX and PRFRX is 0.26, 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.


-0.50.00.51.0
Correlation: 0.3

Performance

FFRAX vs. PRFRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and T. Rowe Price Floating Rate Fund (PRFRX). The values are adjusted to include any dividend payments, if applicable.

68.00%70.00%72.00%74.00%76.00%NovemberDecember2025FebruaryMarchApril
70.84%
73.41%
FFRAX
PRFRX

Key characteristics

Sharpe Ratio

FFRAX:

1.64

PRFRX:

2.08

Sortino Ratio

FFRAX:

2.52

PRFRX:

3.79

Omega Ratio

FFRAX:

1.60

PRFRX:

1.87

Calmar Ratio

FFRAX:

1.56

PRFRX:

2.03

Martin Ratio

FFRAX:

8.01

PRFRX:

10.20

Ulcer Index

FFRAX:

0.64%

PRFRX:

0.58%

Daily Std Dev

FFRAX:

3.13%

PRFRX:

2.83%

Max Drawdown

FFRAX:

-22.22%

PRFRX:

-20.05%

Current Drawdown

FFRAX:

-1.57%

PRFRX:

-1.62%

Returns By Period

In the year-to-date period, FFRAX achieves a -0.90% return, which is significantly lower than PRFRX's -0.80% return. Both investments have delivered pretty close results over the past 10 years, with FFRAX having a 4.17% annualized return and PRFRX not far ahead at 4.32%.


FFRAX

YTD

-0.90%

1M

-0.82%

6M

1.12%

1Y

5.15%

5Y*

7.28%

10Y*

4.17%

PRFRX

YTD

-0.80%

1M

-1.08%

6M

1.33%

1Y

5.78%

5Y*

6.84%

10Y*

4.32%

*Annualized

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FFRAX vs. PRFRX - Expense Ratio Comparison

FFRAX has a 0.98% expense ratio, which is higher than PRFRX's 0.75% expense ratio.


Expense ratio chart for FFRAX: current value is 0.98%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FFRAX: 0.98%
Expense ratio chart for PRFRX: current value is 0.75%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PRFRX: 0.75%

Risk-Adjusted Performance

FFRAX vs. PRFRX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFRAX
The Risk-Adjusted Performance Rank of FFRAX is 9191
Overall Rank
The Sharpe Ratio Rank of FFRAX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of FFRAX is 9090
Sortino Ratio Rank
The Omega Ratio Rank of FFRAX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of FFRAX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of FFRAX is 9191
Martin Ratio Rank

PRFRX
The Risk-Adjusted Performance Rank of PRFRX is 9494
Overall Rank
The Sharpe Ratio Rank of PRFRX is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of PRFRX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of PRFRX is 9797
Omega Ratio Rank
The Calmar Ratio Rank of PRFRX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of PRFRX is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FFRAX vs. PRFRX - 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 T. Rowe Price Floating Rate Fund (PRFRX). 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.


The chart of Sharpe ratio for FFRAX, currently valued at 1.64, compared to the broader market-1.000.001.002.003.00
FFRAX: 1.64
PRFRX: 2.05
The chart of Sortino ratio for FFRAX, currently valued at 2.52, compared to the broader market-2.000.002.004.006.008.00
FFRAX: 2.52
PRFRX: 3.72
The chart of Omega ratio for FFRAX, currently valued at 1.60, compared to the broader market0.501.001.502.002.503.00
FFRAX: 1.60
PRFRX: 1.86
The chart of Calmar ratio for FFRAX, currently valued at 1.56, compared to the broader market0.002.004.006.008.0010.00
FFRAX: 1.56
PRFRX: 1.99
The chart of Martin ratio for FFRAX, currently valued at 8.01, compared to the broader market0.0010.0020.0030.0040.0050.00
FFRAX: 8.01
PRFRX: 10.00

The current FFRAX Sharpe Ratio is 1.64, which is comparable to the PRFRX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of FFRAX and PRFRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.00NovemberDecember2025FebruaryMarchApril
1.64
2.05
FFRAX
PRFRX

Dividends

FFRAX vs. PRFRX - Dividend Comparison

FFRAX's dividend yield for the trailing twelve months is around 7.91%, more than PRFRX's 7.35% yield.


TTM20242023202220212020201920182017201620152014
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%
PRFRX
T. Rowe Price Floating Rate Fund
7.35%8.17%8.33%5.20%3.87%4.00%4.84%4.86%4.04%4.08%4.08%3.85%

Drawdowns

FFRAX vs. PRFRX - Drawdown Comparison

The maximum FFRAX drawdown since its inception was -22.22%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for FFRAX and PRFRX. For additional features, visit the drawdowns tool.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%NovemberDecember2025FebruaryMarchApril
-1.57%
-1.62%
FFRAX
PRFRX

Volatility

FFRAX vs. PRFRX - Volatility Comparison

Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) has a higher volatility of 2.14% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 1.53%. This indicates that FFRAX's price experiences larger fluctuations and is considered to be riskier than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%NovemberDecember2025FebruaryMarchApril
2.14%
1.53%
FFRAX
PRFRX