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 | -0.61% | 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 | -0.77% | 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 -0.61% return, which is significantly higher than FFRAX's -0.77% return. Over the past 10 years, FFRHX has outperformed FFRAX with an annualized return of 4.98%, while FFRAX has yielded a comparatively lower 4.61% annualized return.
FFRHX
- 1D
- -0.11%
- 1M
- 0.11%
- YTD
- -0.61%
- 6M
- 0.66%
- 1Y
- 4.54%
- 3Y*
- 7.04%
- 5Y*
- 5.20%
- 10Y*
- 4.98%
FFRAX
- 1D
- -0.11%
- 1M
- -0.00%
- YTD
- -0.77%
- 6M
- 0.54%
- 1Y
- 4.27%
- 3Y*
- 6.49%
- 5Y*
- 4.74%
- 10Y*
- 4.61%
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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 | 1.51 | 1.41 | +0.10 |
Sortino ratioReturn per unit of downside risk | 2.14 | 1.97 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.46 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.60 | +0.10 |
Martin ratioReturn relative to average drawdown | 8.28 | 7.82 | +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 | 1.51 | 1.41 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.84 | 1.68 | +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 | -2.74% | -2.73% | -0.01% |
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 | -0.83% | -0.88% | +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
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 0.66%, while Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) has a volatility of 0.70%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than FFRAX based on this measure. 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 | 0.66% | 0.70% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.61% | 1.70% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 3.33% | -0.01% |
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% |