FFRHX vs. FRESX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Real Estate Investment Portfolio (FRESX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. FRESX is managed by Fidelity. It was launched on Nov 17, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRHX or FRESX.
Key characteristics
| FFRHX | FRESX | |
|---|---|---|
| YTD Return | 3.59% | -8.00% |
| 1Y Return | 11.45% | 0.44% |
| 3Y Return (Ann) | 5.86% | -1.93% |
| 5Y Return (Ann) | 4.89% | 1.54% |
| 10Y Return (Ann) | 4.21% | 5.21% |
| Sharpe Ratio | 4.10 | 0.07 |
| Daily Std Dev | 2.78% | 18.56% |
| Max Drawdown | -22.20% | -75.98% |
| Current Drawdown | 0.00% | -22.89% |
Correlation
The correlation between FFRHX and FRESX is 0.15, 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. FRESX - Performance Comparison
In the year-to-date period, FFRHX achieves a 3.59% return, which is significantly higher than FRESX's -8.00% return. Over the past 10 years, FFRHX has underperformed FRESX with an annualized return of 4.21%, while FRESX has yielded a comparatively higher 5.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FFRHX vs. FRESX - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is lower than FRESX's 0.71% expense ratio.
Risk-Adjusted Performance
FFRHX vs. FRESX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Real Estate Investment Portfolio (FRESX). 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. FRESX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 8.46%, more than FRESX's 7.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 8.46% | 8.23% | 5.06% | 3.26% | 3.84% | 5.15% | 4.72% | 4.05% | 3.94% | 4.25% | 4.00% | 3.46% |
FRESX Fidelity Real Estate Investment Portfolio | 7.55% | 6.95% | 10.16% | 3.70% | 4.77% | 6.91% | 4.82% | 4.00% | 4.90% | 6.53% | 1.66% | 3.08% |
Drawdowns
FFRHX vs. FRESX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.20%, smaller than the maximum FRESX drawdown of -75.98%. Use the drawdown chart below to compare losses from any high point for FFRHX and FRESX. For additional features, visit the drawdowns tool.
Volatility
FFRHX vs. FRESX - Volatility Comparison
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 1.25%, while Fidelity Real Estate Investment Portfolio (FRESX) has a volatility of 6.11%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than FRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.