FFRHX vs. FIQSX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. FIQSX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
FFRHX vs. FIQSX - Performance Comparison
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FFRHX vs. FIQSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | -0.50% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | -3.25% |
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | -0.61% | 5.53% | 8.80% | 11.71% | -1.49% | 5.06% | 1.86% | 8.56% | -3.27% |
Returns By Period
In the year-to-date period, FFRHX achieves a -0.50% return, which is significantly higher than FIQSX's -0.61% 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%
FIQSX
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- -0.61%
- 6M
- 0.79%
- 1Y
- 4.71%
- 3Y*
- 7.33%
- 5Y*
- 5.37%
- 10Y*
- —
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FFRHX vs. FIQSX - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is higher than FIQSX's 0.62% expense ratio.
Return for Risk
FFRHX vs. FIQSX — Risk / Return Rank
FFRHX
FIQSX
FFRHX vs. FIQSX - 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 Z (FIQSX). 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 | FIQSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 1.47 | -0.05 |
Sortino ratioReturn per unit of downside risk | 2.01 | 2.06 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.49 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.88 | -0.09 |
Martin ratioReturn relative to average drawdown | 8.65 | 8.89 | -0.24 |
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 | FIQSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.47 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.84 | 1.90 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.02 | +0.11 |
Correlation
The correlation between FFRHX and FIQSX is 0.78, 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. FIQSX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 6.75%, which matches FIQSX's 6.80% 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% |
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 6.80% | 7.47% | 8.40% | 7.55% | 3.86% | 2.79% | 3.90% | 5.20% | 1.37% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFRHX vs. FIQSX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.20%, roughly equal to the maximum FIQSX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FFRHX and FIQSX.
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Drawdown Indicators
| FFRHX | FIQSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.20% | -22.19% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -2.63% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -5.90% | -5.86% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -22.20% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.82% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -1.13% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.58% | +0.01% |
Volatility
FFRHX vs. FIQSX - Volatility Comparison
Fidelity Floating Rate High Income Fund (FFRHX) has a higher volatility of 0.65% compared to Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) at 0.56%. This indicates that FFRHX's price experiences larger fluctuations and is considered to be riskier than FIQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRHX | FIQSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.56% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 1.62% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 3.24% | +0.07% |
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% | 4.67% | -0.54% |