FFRHX vs. FLBL
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Franklin Liberty Senior Loan ETF (FLBL).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. FLBL is an actively managed fund by Franklin Templeton. It was launched on May 30, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRHX or FLBL.
Correlation
The correlation between FFRHX and FLBL is 0.30, 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. FLBL - Performance Comparison
Key characteristics
FFRHX:
3.13
FLBL:
5.09
FFRHX:
9.29
FLBL:
8.00
FFRHX:
3.01
FLBL:
2.36
FFRHX:
9.28
FLBL:
10.03
FFRHX:
43.33
FLBL:
73.68
FFRHX:
0.18%
FLBL:
0.12%
FFRHX:
2.54%
FLBL:
1.69%
FFRHX:
-22.19%
FLBL:
-19.52%
FFRHX:
-0.32%
FLBL:
-0.14%
Returns By Period
In the year-to-date period, FFRHX achieves a 0.28% return, which is significantly lower than FLBL's 0.59% return.
FFRHX
0.28%
0.28%
4.30%
8.13%
5.55%
4.75%
FLBL
0.59%
0.03%
3.74%
8.06%
5.32%
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FFRHX vs. FLBL - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is higher than FLBL's 0.45% expense ratio.
Risk-Adjusted Performance
FFRHX vs. FLBL — Risk-Adjusted Performance Rank
FFRHX
FLBL
FFRHX vs. FLBL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and Franklin Liberty Senior Loan ETF (FLBL). 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. FLBL - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 8.24%, more than FLBL's 7.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 8.24% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
FLBL Franklin Liberty Senior Loan ETF | 7.86% | 8.05% | 8.37% | 5.53% | 3.57% | 3.22% | 3.97% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFRHX vs. FLBL - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.19%, which is greater than FLBL's maximum drawdown of -19.52%. Use the drawdown chart below to compare losses from any high point for FFRHX and FLBL. For additional features, visit the drawdowns tool.
Volatility
FFRHX vs. FLBL - Volatility Comparison
Fidelity Floating Rate High Income Fund (FFRHX) has a higher volatility of 0.66% compared to Franklin Liberty Senior Loan ETF (FLBL) at 0.31%. This indicates that FFRHX's price experiences larger fluctuations and is considered to be riskier than FLBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.