FFRHX vs. FSAHX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Short Duration High Income Fund (FSAHX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. FSAHX is managed by Fidelity. It was launched on Nov 5, 2013.
Performance
FFRHX vs. FSAHX - Performance Comparison
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FFRHX vs. FSAHX - 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% |
FSAHX Fidelity Short Duration High Income Fund | -0.68% | 7.75% | 8.23% | 10.29% | -7.06% | 2.78% | 3.69% | 9.32% | -1.24% | 4.96% |
Returns By Period
In the year-to-date period, FFRHX achieves a -0.61% return, which is significantly higher than FSAHX's -0.68% return. Over the past 10 years, FFRHX has outperformed FSAHX with an annualized return of 4.98%, while FSAHX 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%
FSAHX
- 1D
- 0.11%
- 1M
- -1.56%
- YTD
- -0.68%
- 6M
- 0.84%
- 1Y
- 6.35%
- 3Y*
- 7.52%
- 5Y*
- 3.98%
- 10Y*
- 4.61%
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FFRHX vs. FSAHX - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is lower than FSAHX's 0.75% expense ratio.
Return for Risk
FFRHX vs. FSAHX — Risk / Return Rank
FFRHX
FSAHX
FFRHX vs. FSAHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Short Duration High Income Fund (FSAHX). 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 | FSAHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 2.08 | -0.58 |
Sortino ratioReturn per unit of downside risk | 2.14 | 3.10 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.50 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.52 | -0.81 |
Martin ratioReturn relative to average drawdown | 8.28 | 11.70 | -3.41 |
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 | FSAHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.08 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.84 | 1.05 | +0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 1.09 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.86 | +0.27 |
Correlation
The correlation between FFRHX and FSAHX is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FFRHX vs. FSAHX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 6.75%, less than FSAHX's 6.96% 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% |
FSAHX Fidelity Short Duration High Income Fund | 6.96% | 7.36% | 6.53% | 5.97% | 3.26% | 2.85% | 3.19% | 4.22% | 4.52% | 4.11% | 4.73% | 4.40% |
Drawdowns
FFRHX vs. FSAHX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.20%, which is greater than FSAHX's maximum drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for FFRHX and FSAHX.
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Drawdown Indicators
| FFRHX | FSAHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.20% | -16.77% | -5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -2.58% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -5.90% | -9.43% | +3.53% |
Max Drawdown (10Y)Largest decline over 10 years | -22.20% | -16.77% | -5.43% |
Current DrawdownCurrent decline from peak | -0.83% | -1.67% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -1.57% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.56% | +0.03% |
Volatility
FFRHX vs. FSAHX - Volatility Comparison
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 0.66%, while Fidelity Short Duration High Income Fund (FSAHX) has a volatility of 1.07%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than FSAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRHX | FSAHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.07% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 1.61% | 2.00% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 3.27% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 3.82% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 4.23% | -0.10% |