FFRHX vs. CLF.TO
FFRHX (Fidelity Floating Rate High Income Fund) and CLF.TO (iShares 1-5 Year Laddered Government Bond Index ETF) are both funds - FFRHX is a Bank Loan fund actively managed by Fidelity, while CLF.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. FFRHX is actively managed, while CLF.TO is passively managed. Over the past 10 years, FFRHX returned 4.91%/yr vs 0.65%/yr for CLF.TO. At a 0.14 correlation, their price movements are largely independent. FFRHX charges 0.67%/yr vs 0.17%/yr for CLF.TO.
Performance
FFRHX vs. CLF.TO - Performance Comparison
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Different Trading Currencies
FFRHX is traded in USD, while CLF.TO is traded in CAD. To make them comparable, the CLF.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FFRHX achieves a 1.82% return, which is significantly higher than CLF.TO's -1.09% return. Over the past 10 years, FFRHX has outperformed CLF.TO with an annualized return of 4.91%, while CLF.TO has yielded a comparatively lower 0.65% annualized return.
FFRHX
- 1D
- -0.11%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 2.24%
- 1Y
- 5.90%
- 3Y*
- 7.48%
- 5Y*
- 5.42%
- 10Y*
- 4.91%
CLF.TO
- 1D
- -0.33%
- 1M
- -1.91%
- YTD
- -1.09%
- 6M
- 0.22%
- 1Y
- 0.58%
- 3Y*
- 2.76%
- 5Y*
- -1.13%
- 10Y*
- 0.65%
FFRHX vs. CLF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 1.82% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | -1.09% | 8.31% | -3.36% | 7.12% | -9.71% | -1.22% | 7.37% | 6.88% | -6.20% | 6.74% |
Correlation
The correlation between FFRHX and CLF.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2008 | 0.14 |
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Return for Risk
FFRHX vs. CLF.TO — Risk / Return Rank
FFRHX
CLF.TO
FFRHX vs. CLF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO). 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.
| FFRHX | CLF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +5.77 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.02 | +0.87 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | 0.17 | +4.79 |
| Martin ratioReturn relative to average drawdown | 17.53 | 0.41 | +17.11 |
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
| FFRHX | CLF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 0.12 | +2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.89 | -0.16 | +2.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.19 | 0.09 | +1.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.06 | +1.09 |
Drawdowns
FFRHX vs. CLF.TO - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.20%, smaller than the maximum CLF.TO drawdown of -27.88%. Use the drawdown chart below to compare losses from any high point for FFRHX and CLF.TO.
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Drawdown Indicators
| FFRHX | CLF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.20% | -27.88% | +5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.19% | -3.33% | +2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.29% | -7.33% | +4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -5.90% | -17.86% | +11.96% |
Max Drawdown (10Y)Largest decline over 10 years | -22.20% | -18.06% | -4.14% |
Current DrawdownCurrent decline from peak | -0.33% | -11.63% | +11.30% |
Average DrawdownAverage peak-to-trough decline | -1.15% | -12.27% | +11.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 1.40% | -1.06% |
Volatility
FFRHX vs. CLF.TO - Volatility Comparison
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 0.63%, while iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) has a volatility of 1.08%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than CLF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRHX | CLF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 1.08% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 3.81% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.36% | 4.78% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 7.02% | -4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 7.41% | -3.27% |
FFRHX vs. CLF.TO - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is higher than CLF.TO's 0.17% expense ratio.
Dividends
FFRHX vs. CLF.TO - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 7.09%, more than CLF.TO's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | 2.25% | 2.22% | 2.22% | 2.23% | 2.10% | 1.98% | 2.15% | 2.46% | 2.67% | 2.91% | 3.12% | 3.29% |
FFRHX Fidelity Floating Rate High Income Fund | 7.09% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
Frequently Asked Questions
FFRHX and CLF.TO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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