FFRAX vs. PRFRX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and T. Rowe Price Floating Rate Fund (PRFRX).
FFRAX is managed by Fidelity. It was launched on Aug 16, 2000. PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRAX or PRFRX.
Key characteristics
| FFRAX | PRFRX | |
|---|---|---|
| YTD Return | 7.68% | 7.33% |
| 1Y Return | 9.65% | 10.24% |
| 3Y Return (Ann) | 6.00% | 6.33% |
| 5Y Return (Ann) | 5.32% | 5.32% |
| 10Y Return (Ann) | 4.26% | 4.48% |
| Sharpe Ratio | 3.82 | 3.89 |
| Sortino Ratio | 10.47 | 12.60 |
| Omega Ratio | 3.60 | 4.25 |
| Calmar Ratio | 11.18 | 13.60 |
| Martin Ratio | 58.54 | 72.04 |
| Ulcer Index | 0.16% | 0.14% |
| Daily Std Dev | 2.51% | 2.63% |
| Max Drawdown | -22.22% | -20.05% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FFRAX and PRFRX is 0.60, 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. PRFRX - Performance Comparison
The year-to-date returns for both stocks are quite close, with FFRAX having a 7.68% return and PRFRX slightly lower at 7.33%. Over the past 10 years, FFRAX has underperformed PRFRX with an annualized return of 4.26%, while PRFRX has yielded a comparatively higher 4.48% 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. PRFRX - Expense Ratio Comparison
FFRAX has a 0.98% expense ratio, which is higher than PRFRX's 0.75% expense ratio.
Risk-Adjusted Performance
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.
Dividends
FFRAX vs. PRFRX - Dividend Comparison
FFRAX's dividend yield for the trailing twelve months is around 8.08%, less than PRFRX's 8.40% 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% |
PRFRX T. Rowe Price Floating Rate Fund | 8.40% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% | 3.53% |
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.
Volatility
FFRAX vs. PRFRX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) is 0.62%, while T. Rowe Price Floating Rate Fund (PRFRX) has a volatility of 0.70%. This indicates that FFRAX experiences smaller price fluctuations and is considered to be less risky than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.