FFRHX vs. JPST
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and JPMorgan Ultra-Short Income ETF (JPST).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. JPST is an actively managed fund by JPMorgan Chase. It was launched on May 17, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRHX or JPST.
Key characteristics
| FFRHX | JPST | |
|---|---|---|
| YTD Return | 3.59% | 1.81% |
| 1Y Return | 11.32% | 5.40% |
| 3Y Return (Ann) | 5.86% | 2.68% |
| 5Y Return (Ann) | 4.89% | 2.46% |
| Sharpe Ratio | 4.10 | 9.95 |
| Daily Std Dev | 2.78% | 0.55% |
| Max Drawdown | -22.20% | -3.28% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FFRHX and JPST is 0.08, 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. JPST - Performance Comparison
In the year-to-date period, FFRHX achieves a 3.59% return, which is significantly higher than JPST's 1.81% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FFRHX vs. JPST - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is higher than JPST's 0.18% expense ratio.
Risk-Adjusted Performance
FFRHX vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and JPMorgan Ultra-Short Income ETF (JPST). 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. JPST - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 8.46%, more than JPST's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 8.46% | 8.23% | 5.06% | 3.26% | 3.84% | 5.15% | 4.72% | 4.05% | 3.94% | 4.25% | 4.00% | 3.46% |
JPST JPMorgan Ultra-Short Income ETF | 5.17% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFRHX vs. JPST - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.20%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for FFRHX and JPST. For additional features, visit the drawdowns tool.
Volatility
FFRHX vs. JPST - Volatility Comparison
Fidelity Floating Rate High Income Fund (FFRHX) has a higher volatility of 1.25% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.14%. This indicates that FFRHX's price experiences larger fluctuations and is considered to be riskier than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.