FFRHX vs. FSHBX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Short-Term Bond Fund (FSHBX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. FSHBX is managed by Fidelity. It was launched on Sep 15, 1986.
Performance
FFRHX vs. FSHBX - Performance Comparison
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FFRHX vs. FSHBX - 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% |
FSHBX Fidelity Short-Term Bond Fund | -0.20% | 5.49% | 4.73% | 5.35% | -3.86% | -0.92% | 3.59% | 4.20% | 1.21% | 1.16% |
Returns By Period
In the year-to-date period, FFRHX achieves a -0.61% return, which is significantly lower than FSHBX's -0.20% return. Over the past 10 years, FFRHX has outperformed FSHBX with an annualized return of 4.98%, while FSHBX has yielded a comparatively lower 2.09% 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%
FSHBX
- 1D
- 0.12%
- 1M
- -0.94%
- YTD
- -0.20%
- 6M
- 0.93%
- 1Y
- 3.57%
- 3Y*
- 4.59%
- 5Y*
- 2.14%
- 10Y*
- 2.09%
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FFRHX vs. FSHBX - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is higher than FSHBX's 0.45% expense ratio.
Return for Risk
FFRHX vs. FSHBX — Risk / Return Rank
FFRHX
FSHBX
FFRHX vs. FSHBX - 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-Term Bond Fund (FSHBX). 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 | FSHBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.91 | -0.41 |
Sortino ratioReturn per unit of downside risk | 2.14 | 3.34 | -1.20 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.45 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.48 | -1.77 |
Martin ratioReturn relative to average drawdown | 8.28 | 13.73 | -5.45 |
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 | FSHBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.91 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.84 | 0.99 | +0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 1.14 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.49 | -0.36 |
Correlation
The correlation between FFRHX and FSHBX is 0.10, 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.
Dividends
FFRHX vs. FSHBX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 6.75%, more than FSHBX's 3.89% 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% |
FSHBX Fidelity Short-Term Bond Fund | 3.89% | 4.26% | 4.00% | 3.00% | 0.83% | 1.04% | 2.62% | 2.13% | 1.78% | 1.27% | 1.12% | 0.88% |
Drawdowns
FFRHX vs. FSHBX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.20%, which is greater than FSHBX's maximum drawdown of -8.80%. Use the drawdown chart below to compare losses from any high point for FFRHX and FSHBX.
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Drawdown Indicators
| FFRHX | FSHBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.20% | -8.80% | -13.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -1.17% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -5.90% | -6.36% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -22.20% | -6.51% | -15.69% |
Current DrawdownCurrent decline from peak | -0.83% | -0.94% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -1.05% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.30% | +0.29% |
Volatility
FFRHX vs. FSHBX - Volatility Comparison
Fidelity Floating Rate High Income Fund (FFRHX) has a higher volatility of 0.66% compared to Fidelity Short-Term Bond Fund (FSHBX) at 0.58%. This indicates that FFRHX's price experiences larger fluctuations and is considered to be riskier than FSHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRHX | FSHBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.58% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.61% | 1.32% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 2.08% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 2.18% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 1.84% | +2.29% |