FFRHX vs. DIVO
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Amplify CWP Enhanced Dividend Income ETF (DIVO).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. DIVO is an actively managed fund by Amplify Investments. It was launched on Dec 14, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRHX or DIVO.
Key characteristics
| FFRHX | DIVO | |
|---|---|---|
| YTD Return | 3.59% | 5.90% |
| 1Y Return | 11.45% | 13.68% |
| 3Y Return (Ann) | 5.86% | 7.46% |
| 5Y Return (Ann) | 4.89% | 11.28% |
| Sharpe Ratio | 4.10 | 1.55 |
| Daily Std Dev | 2.78% | 8.22% |
| Max Drawdown | -22.20% | -30.04% |
| Current Drawdown | 0.00% | -1.64% |
Correlation
The correlation between FFRHX and DIVO is 0.27, 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.
Performance
FFRHX vs. DIVO - Performance Comparison
In the year-to-date period, FFRHX achieves a 3.59% return, which is significantly lower than DIVO's 5.90% 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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FFRHX vs. DIVO - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is higher than DIVO's 0.55% expense ratio.
Risk-Adjusted Performance
FFRHX vs. DIVO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and Amplify CWP Enhanced Dividend Income ETF (DIVO). 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
FFRHX vs. DIVO - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 8.46%, more than DIVO's 4.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 8.46% | 8.23% | 5.06% | 3.26% | 3.84% | 5.15% | 4.72% | 4.05% | 3.94% | 4.25% | 4.00% | 3.46% |
DIVO Amplify CWP Enhanced Dividend Income ETF | 4.59% | 4.67% | 4.76% | 4.79% | 4.85% | 8.16% | 5.27% | 3.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFRHX vs. DIVO - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.20%, smaller than the maximum DIVO drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for FFRHX and DIVO. For additional features, visit the drawdowns tool.
Volatility
FFRHX vs. DIVO - Volatility Comparison
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 1.25%, while Amplify CWP Enhanced Dividend Income ETF (DIVO) has a volatility of 2.55%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than DIVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.