FFRHX vs. PRFRX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and T. Rowe Price Floating Rate Fund (PRFRX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRHX or PRFRX.
Performance
FFRHX vs. PRFRX - Performance Comparison
Returns By Period
In the year-to-date period, FFRHX achieves a 8.09% return, which is significantly higher than PRFRX's 7.44% return. Both investments have delivered pretty close results over the past 10 years, with FFRHX having a 4.61% annualized return and PRFRX not far behind at 4.49%.
FFRHX
8.09%
0.89%
4.24%
9.98%
5.70%
4.61%
PRFRX
7.44%
0.88%
4.23%
10.11%
5.29%
4.49%
Key characteristics
| FFRHX | PRFRX | |
|---|---|---|
| Sharpe Ratio | 3.88 | 3.85 |
| Sortino Ratio | 12.50 | 12.46 |
| Omega Ratio | 4.16 | 4.21 |
| Calmar Ratio | 11.54 | 13.43 |
| Martin Ratio | 61.50 | 71.18 |
| Ulcer Index | 0.16% | 0.14% |
| Daily Std Dev | 2.56% | 2.63% |
| Max Drawdown | -22.19% | -20.05% |
| Current Drawdown | 0.00% | 0.00% |
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FFRHX vs. PRFRX - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is lower than PRFRX's 0.75% expense ratio.
Correlation
The correlation between FFRHX and PRFRX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
FFRHX vs. PRFRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and T. Rowe Price Floating Rate Fund (PRFRX). 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. PRFRX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 8.37%, which matches PRFRX's 8.39% 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% |
PRFRX T. Rowe Price Floating Rate Fund | 8.39% | 8.33% | 5.20% | 3.87% | 4.00% | 4.84% | 4.86% | 4.04% | 4.08% | 4.08% | 3.85% | 3.53% |
Drawdowns
FFRHX vs. PRFRX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.19%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for FFRHX and PRFRX. For additional features, visit the drawdowns tool.
Volatility
FFRHX vs. PRFRX - Volatility Comparison
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 0.61%, while T. Rowe Price Floating Rate Fund (PRFRX) has a volatility of 0.70%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.