FFRHX vs. FTBFX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Total Bond Fund (FTBFX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. FTBFX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRHX or FTBFX.
Correlation
The correlation between FFRHX and FTBFX is 0.18, 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. FTBFX - Performance Comparison
Key characteristics
FFRHX:
4.11
FTBFX:
0.87
FFRHX:
13.83
FTBFX:
1.27
FFRHX:
4.25
FTBFX:
1.15
FFRHX:
13.59
FTBFX:
0.51
FFRHX:
69.80
FTBFX:
2.51
FFRHX:
0.17%
FTBFX:
1.84%
FFRHX:
2.84%
FTBFX:
5.30%
FFRHX:
-22.19%
FTBFX:
-17.80%
FFRHX:
-0.11%
FTBFX:
-3.25%
Returns By Period
Over the past 10 years, FFRHX has outperformed FTBFX with an annualized return of 5.58%, while FTBFX has yielded a comparatively lower 2.15% annualized return.
FFRHX
0.00%
0.66%
6.06%
11.74%
6.76%
5.58%
FTBFX
-0.11%
0.04%
1.72%
4.83%
0.74%
2.15%
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FFRHX vs. FTBFX - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Risk-Adjusted Performance
FFRHX vs. FTBFX — Risk-Adjusted Performance Rank
FFRHX
FTBFX
FFRHX vs. FTBFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Total Bond Fund (FTBFX). 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. FTBFX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 11.06%, more than FTBFX's 5.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 11.06% | 11.06% | 10.34% | 6.41% | 3.27% | 3.85% | 5.17% | 5.50% | 4.01% | 3.94% | 4.25% | 4.00% |
FTBFX Fidelity Total Bond Fund | 5.51% | 5.50% | 5.19% | 4.18% | 2.19% | 2.53% | 2.95% | 3.65% | 2.74% | 2.95% | 3.71% | 2.99% |
Drawdowns
FFRHX vs. FTBFX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.19%, which is greater than FTBFX's maximum drawdown of -17.80%. Use the drawdown chart below to compare losses from any high point for FFRHX and FTBFX. For additional features, visit the drawdowns tool.
Volatility
FFRHX vs. FTBFX - Volatility Comparison
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 0.75%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.49%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.