FFRHX vs. FADMX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Strategic Income Fund (FADMX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. FADMX is managed by Fidelity. It was launched on Oct 31, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRHX or FADMX.
Key characteristics
| FFRHX | FADMX | |
|---|---|---|
| YTD Return | 3.59% | 1.34% |
| 1Y Return | 11.45% | 6.81% |
| 3Y Return (Ann) | 5.86% | 0.29% |
| 5Y Return (Ann) | 4.89% | 2.81% |
| Sharpe Ratio | 4.10 | 1.56 |
| Daily Std Dev | 2.78% | 4.54% |
| Max Drawdown | -22.20% | -15.84% |
| Current Drawdown | 0.00% | -1.99% |
Correlation
The correlation between FFRHX and FADMX is 0.46, 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
FFRHX vs. FADMX - Performance Comparison
In the year-to-date period, FFRHX achieves a 3.59% return, which is significantly higher than FADMX's 1.34% 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. FADMX - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is higher than FADMX's 0.66% expense ratio.
Risk-Adjusted Performance
FFRHX vs. FADMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Strategic Income Fund (FADMX). 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. FADMX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 8.46%, more than FADMX's 4.45% 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% |
FADMX Fidelity Strategic Income Fund | 4.45% | 4.32% | 3.81% | 4.64% | 4.57% | 4.32% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFRHX vs. FADMX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.20%, which is greater than FADMX's maximum drawdown of -15.84%. Use the drawdown chart below to compare losses from any high point for FFRHX and FADMX. For additional features, visit the drawdowns tool.
Volatility
FFRHX vs. FADMX - Volatility Comparison
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 1.25%, while Fidelity Strategic Income Fund (FADMX) has a volatility of 1.42%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than FADMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.