FFRHX vs. FTHRX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Intermediate Bond Fund (FTHRX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. FTHRX is managed by Fidelity. It was launched on May 23, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRHX or FTHRX.
Performance
FFRHX vs. FTHRX - Performance Comparison
Returns By Period
In the year-to-date period, FFRHX achieves a 8.09% return, which is significantly higher than FTHRX's 3.10% return. Over the past 10 years, FFRHX has outperformed FTHRX with an annualized return of 4.61%, while FTHRX has yielded a comparatively lower 1.58% annualized return.
FFRHX
8.09%
0.89%
4.24%
9.98%
5.70%
4.61%
FTHRX
3.10%
-1.17%
2.91%
6.12%
0.54%
1.58%
Key characteristics
| FFRHX | FTHRX | |
|---|---|---|
| Sharpe Ratio | 3.88 | 1.61 |
| Sortino Ratio | 12.50 | 2.50 |
| Omega Ratio | 4.16 | 1.31 |
| Calmar Ratio | 11.54 | 0.64 |
| Martin Ratio | 61.50 | 6.10 |
| Ulcer Index | 0.16% | 0.98% |
| Daily Std Dev | 2.56% | 3.73% |
| Max Drawdown | -22.19% | -13.96% |
| Current Drawdown | 0.00% | -3.79% |
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FFRHX vs. FTHRX - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is higher than FTHRX's 0.45% expense ratio.
Correlation
The correlation between FFRHX and FTHRX 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.
Risk-Adjusted Performance
FFRHX vs. FTHRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity Intermediate Bond Fund (FTHRX). 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. FTHRX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 8.37%, more than FTHRX's 3.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 8.37% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
FTHRX Fidelity Intermediate Bond Fund | 3.52% | 2.94% | 2.04% | 1.60% | 2.19% | 2.50% | 2.47% | 2.20% | 2.21% | 2.58% | 2.35% | 2.21% |
Drawdowns
FFRHX vs. FTHRX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.19%, which is greater than FTHRX's maximum drawdown of -13.96%. Use the drawdown chart below to compare losses from any high point for FFRHX and FTHRX. For additional features, visit the drawdowns tool.
Volatility
FFRHX vs. FTHRX - Volatility Comparison
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 0.61%, while Fidelity Intermediate Bond Fund (FTHRX) has a volatility of 0.97%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.