FFRHX vs. FFRAX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. FFRAX is managed by Fidelity. It was launched on Aug 16, 2000.
Performance
FFRHX vs. FFRAX - Performance Comparison
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FFRHX vs. FFRAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | -0.50% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | -0.66% | 5.28% | 6.83% | 11.35% | -1.77% | 4.83% | 1.38% | 8.19% | -0.09% | 3.52% |
Returns By Period
In the year-to-date period, FFRHX achieves a -0.50% return, which is significantly higher than FFRAX's -0.66% return. Over the past 10 years, FFRHX has outperformed FFRAX with an annualized return of 4.99%, while FFRAX has yielded a comparatively lower 4.62% annualized return.
FFRHX
- 1D
- 0.11%
- 1M
- 0.34%
- YTD
- -0.50%
- 6M
- 0.77%
- 1Y
- 4.77%
- 3Y*
- 7.08%
- 5Y*
- 5.20%
- 10Y*
- 4.99%
FFRAX
- 1D
- 0.11%
- 1M
- 0.34%
- YTD
- -0.66%
- 6M
- 0.65%
- 1Y
- 4.50%
- 3Y*
- 6.53%
- 5Y*
- 4.76%
- 10Y*
- 4.62%
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FFRHX vs. FFRAX - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is lower than FFRAX's 0.98% expense ratio.
Return for Risk
FFRHX vs. FFRAX — Risk / Return Rank
FFRHX
FFRAX
FFRHX vs. FFRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX). 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 | FFRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 1.33 | +0.09 |
Sortino ratioReturn per unit of downside risk | 2.01 | 1.85 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.44 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.69 | +0.10 |
Martin ratioReturn relative to average drawdown | 8.65 | 8.19 | +0.46 |
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 | FFRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.33 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.84 | 1.69 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 1.12 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.15 | -0.02 |
Correlation
The correlation between FFRHX and FFRAX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FFRHX vs. FFRAX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 6.75%, more than FFRAX's 6.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 6.75% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
FFRAX Fidelity Advisor Floating Rate High Income Fund Class A | 6.48% | 7.12% | 6.69% | 7.24% | 3.57% | 2.47% | 3.56% | 4.86% | 4.42% | 3.77% | 4.14% | 3.42% |
Drawdowns
FFRHX vs. FFRAX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.20%, roughly equal to the maximum FFRAX drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for FFRHX and FFRAX.
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Drawdown Indicators
| FFRHX | FFRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.20% | -22.21% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -2.73% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -5.90% | -6.02% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -22.20% | -22.21% | +0.01% |
Current DrawdownCurrent decline from peak | -0.72% | -0.77% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -1.03% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.58% | +0.01% |
Volatility
FFRHX vs. FFRAX - Volatility Comparison
Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) have volatilities of 0.65% and 0.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRHX | FFRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.67% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 1.70% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 3.33% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 2.84% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 4.12% | +0.01% |