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.
Correlation
The correlation between FFRHX and FADMX is 0.31, 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. FADMX - Performance Comparison
Key characteristics
FFRHX:
1.66
FADMX:
1.86
FFRHX:
2.72
FADMX:
2.80
FFRHX:
1.65
FADMX:
1.35
FFRHX:
1.62
FADMX:
1.49
FFRHX:
8.27
FADMX:
7.37
FFRHX:
0.65%
FADMX:
0.98%
FFRHX:
3.20%
FADMX:
3.88%
FFRHX:
-22.19%
FADMX:
-16.68%
FFRHX:
-1.66%
FADMX:
-1.37%
Returns By Period
In the year-to-date period, FFRHX achieves a -0.94% return, which is significantly lower than FADMX's 0.54% return.
FFRHX
-0.94%
-0.91%
1.15%
5.34%
7.59%
4.48%
FADMX
0.54%
-0.44%
0.64%
6.93%
3.69%
N/A
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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 Rank
FFRHX
FADMX
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 8.22%, more than FADMX's 4.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 8.22% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
FADMX Fidelity Strategic Income Fund | 4.17% | 4.21% | 4.32% | 3.67% | 2.75% | 3.33% | 3.46% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFRHX vs. FADMX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.19%, which is greater than FADMX's maximum drawdown of -16.68%. 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
Fidelity Floating Rate High Income Fund (FFRHX) has a higher volatility of 2.10% compared to Fidelity Strategic Income Fund (FADMX) at 1.88%. This indicates that FFRHX's price experiences larger fluctuations and is considered to be riskier than FADMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.