FFRHX vs. FXNAX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity U.S. Bond Index Fund (FXNAX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. FXNAX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRHX or FXNAX.
Performance
FFRHX vs. FXNAX - Performance Comparison
Returns By Period
In the year-to-date period, FFRHX achieves a 8.09% return, which is significantly higher than FXNAX's 1.52% return. Over the past 10 years, FFRHX has outperformed FXNAX with an annualized return of 4.61%, while FXNAX has yielded a comparatively lower 1.28% annualized return.
FFRHX
8.09%
0.89%
4.24%
9.98%
5.70%
4.61%
FXNAX
1.52%
-2.00%
2.81%
6.49%
-0.49%
1.28%
Key characteristics
| FFRHX | FXNAX | |
|---|---|---|
| Sharpe Ratio | 3.88 | 1.06 |
| Sortino Ratio | 12.50 | 1.59 |
| Omega Ratio | 4.16 | 1.19 |
| Calmar Ratio | 11.54 | 0.39 |
| Martin Ratio | 61.50 | 3.44 |
| Ulcer Index | 0.16% | 1.77% |
| Daily Std Dev | 2.56% | 5.70% |
| Max Drawdown | -22.19% | -19.64% |
| Current Drawdown | 0.00% | -10.17% |
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FFRHX vs. FXNAX - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is higher than FXNAX's 0.03% expense ratio.
Correlation
The correlation between FFRHX and FXNAX is 0.04, 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. FXNAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and Fidelity U.S. Bond Index Fund (FXNAX). 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. FXNAX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 8.37%, more than FXNAX's 3.33% 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% |
FXNAX Fidelity U.S. Bond Index Fund | 3.33% | 2.92% | 2.41% | 1.81% | 2.10% | 2.69% | 2.74% | 2.52% | 2.52% | 2.69% | 2.59% | 2.39% |
Drawdowns
FFRHX vs. FXNAX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.19%, which is greater than FXNAX's maximum drawdown of -19.64%. Use the drawdown chart below to compare losses from any high point for FFRHX and FXNAX. For additional features, visit the drawdowns tool.
Volatility
FFRHX vs. FXNAX - Volatility Comparison
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 0.61%, while Fidelity U.S. Bond Index Fund (FXNAX) has a volatility of 1.56%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than FXNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.