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FFRHX vs. FADMX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Strategic Income Fund (FADMX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FFRHX:

1.77

FADMX:

1.67

Sortino Ratio

FFRHX:

2.87

FADMX:

2.26

Omega Ratio

FFRHX:

1.68

FADMX:

1.28

Calmar Ratio

FFRHX:

1.72

FADMX:

1.56

Martin Ratio

FFRHX:

7.93

FADMX:

5.93

Ulcer Index

FFRHX:

0.71%

FADMX:

0.99%

Daily Std Dev

FFRHX:

3.17%

FADMX:

3.86%

Max Drawdown

FFRHX:

-22.19%

FADMX:

-16.68%

Current Drawdown

FFRHX:

-0.57%

FADMX:

-0.19%

Returns By Period

In the year-to-date period, FFRHX achieves a 0.15% return, which is significantly lower than FADMX's 1.74% return.


FFRHX

YTD

0.15%

1M

1.90%

6M

1.47%

1Y

5.66%

5Y*

7.63%

10Y*

4.55%

FADMX

YTD

1.74%

1M

2.17%

6M

1.66%

1Y

6.50%

5Y*

3.67%

10Y*

N/A

*Annualized

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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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FFRHX
The Risk-Adjusted Performance Rank of FFRHX is 9393
Overall Rank
The Sharpe Ratio Rank of FFRHX is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of FFRHX is 9292
Sortino Ratio Rank
The Omega Ratio Rank of FFRHX is 9696
Omega Ratio Rank
The Calmar Ratio Rank of FFRHX is 9191
Calmar Ratio Rank
The Martin Ratio Rank of FFRHX is 9292
Martin Ratio Rank

FADMX
The Risk-Adjusted Performance Rank of FADMX is 8989
Overall Rank
The Sharpe Ratio Rank of FADMX is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of FADMX is 9090
Sortino Ratio Rank
The Omega Ratio Rank of FADMX is 8888
Omega Ratio Rank
The Calmar Ratio Rank of FADMX is 9090
Calmar Ratio Rank
The Martin Ratio Rank of FADMX is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current FFRHX Sharpe Ratio is 1.77, which is comparable to the FADMX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of FFRHX and FADMX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FFRHX vs. FADMX - Dividend Comparison

FFRHX's dividend yield for the trailing twelve months is around 8.03%, more than FADMX's 4.10% yield.


TTM20242023202220212020201920182017201620152014
FFRHX
Fidelity Floating Rate High Income Fund
8.03%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
4.10%4.20%4.32%3.81%4.64%4.57%4.34%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.


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Volatility

FFRHX vs. FADMX - Volatility Comparison

The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 0.74%, while Fidelity Strategic Income Fund (FADMX) has a volatility of 0.96%. 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.


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