FFRAX vs. VWEAX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX).
FFRAX is managed by Fidelity. It was launched on Aug 16, 2000. VWEAX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
FFRAX vs. VWEAX - Performance Comparison
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FFRAX vs. VWEAX - 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | -1.68% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Returns By Period
In the year-to-date period, FFRAX achieves a -0.77% return, which is significantly higher than VWEAX's -1.68% return. Over the past 10 years, FFRAX has underperformed VWEAX with an annualized return of 4.61%, while VWEAX has yielded a comparatively higher 5.22% 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%
VWEAX
- 1D
- 0.18%
- 1M
- -2.34%
- YTD
- -1.68%
- 6M
- 0.04%
- 1Y
- 5.98%
- 3Y*
- 7.45%
- 5Y*
- 3.91%
- 10Y*
- 5.22%
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FFRAX vs. VWEAX - Expense Ratio Comparison
FFRAX has a 0.98% expense ratio, which is higher than VWEAX's 0.13% expense ratio.
Return for Risk
FFRAX vs. VWEAX — Risk / Return Rank
FFRAX
VWEAX
FFRAX vs. VWEAX - 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 Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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 | VWEAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 1.92 | -0.51 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.89 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.47 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.52 | -0.91 |
Martin ratioReturn relative to average drawdown | 7.82 | 10.45 | -2.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFRAX | VWEAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 1.92 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.68 | 0.81 | +0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | 1.00 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 1.22 | -0.07 |
Correlation
The correlation between FFRAX and VWEAX is 0.56, 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.
Dividends
FFRAX vs. VWEAX - Dividend Comparison
FFRAX's dividend yield for the trailing twelve months is around 6.48%, more than VWEAX's 5.91% 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.91% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Drawdowns
FFRAX vs. VWEAX - Drawdown Comparison
The maximum FFRAX drawdown since its inception was -22.21%, smaller than the maximum VWEAX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for FFRAX and VWEAX.
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Drawdown Indicators
| FFRAX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.21% | -30.05% | +7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.52% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -6.02% | -13.77% | +7.75% |
Max Drawdown (10Y)Largest decline over 10 years | -22.21% | -19.68% | -2.53% |
Current DrawdownCurrent decline from peak | -0.88% | -2.34% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -1.03% | -2.13% | +1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.61% | -0.03% |
Volatility
FFRAX vs. VWEAX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) is 0.70%, while Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) has a volatility of 1.23%. This indicates that FFRAX experiences smaller price fluctuations and is considered to be less risky than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRAX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 1.23% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 2.25% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 3.43% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 4.86% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.12% | 5.27% | -1.15% |