FFRHX vs. SCFIX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Shenkman Capital Short Duration High Income Fund (SCFIX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. SCFIX is managed by Shenkman Funds. It was launched on Oct 31, 2012.
Performance
FFRHX vs. SCFIX - Performance Comparison
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FFRHX vs. SCFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | -0.61% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
SCFIX Shenkman Capital Short Duration High Income Fund | -0.61% | 7.02% | 6.11% | 9.24% | -2.52% | 5.08% | 3.36% | 7.61% | 0.85% | 3.54% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FFRHX at -0.61% and SCFIX at -0.61%. Over the past 10 years, FFRHX has outperformed SCFIX with an annualized return of 4.98%, while SCFIX has yielded a comparatively lower 4.30% annualized return.
FFRHX
- 1D
- -0.11%
- 1M
- 0.11%
- YTD
- -0.61%
- 6M
- 0.66%
- 1Y
- 4.54%
- 3Y*
- 7.04%
- 5Y*
- 5.20%
- 10Y*
- 4.98%
SCFIX
- 1D
- 0.10%
- 1M
- -0.81%
- YTD
- -0.61%
- 6M
- 0.92%
- 1Y
- 5.06%
- 3Y*
- 6.27%
- 5Y*
- 4.65%
- 10Y*
- 4.30%
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FFRHX vs. SCFIX - Expense Ratio Comparison
Both FFRHX and SCFIX have an expense ratio of 0.67%.
Return for Risk
FFRHX vs. SCFIX — Risk / Return Rank
FFRHX
SCFIX
FFRHX vs. SCFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and Shenkman Capital Short Duration High Income Fund (SCFIX). 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.
| FFRHX | SCFIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 2.61 | -1.10 |
Sortino ratioReturn per unit of downside risk | 2.14 | 3.70 | -1.57 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.65 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.04 | -1.33 |
Martin ratioReturn relative to average drawdown | 8.28 | 15.96 | -7.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFRHX | SCFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.61 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.84 | 1.60 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.21 | 1.32 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.30 | -0.17 |
Correlation
The correlation between FFRHX and SCFIX is 0.41, 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.
Dividends
FFRHX vs. SCFIX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 6.75%, more than SCFIX's 5.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 6.75% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
SCFIX Shenkman Capital Short Duration High Income Fund | 5.00% | 5.54% | 5.85% | 5.21% | 3.86% | 4.93% | 3.24% | 3.78% | 3.87% | 3.09% | 3.07% | 3.38% |
Drawdowns
FFRHX vs. SCFIX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.20%, which is greater than SCFIX's maximum drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for FFRHX and SCFIX.
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Drawdown Indicators
| FFRHX | SCFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.20% | -13.08% | -9.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -1.63% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -5.90% | -6.30% | +0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -22.20% | -13.08% | -9.12% |
Current DrawdownCurrent decline from peak | -0.83% | -1.01% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -0.52% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.31% | +0.28% |
Volatility
FFRHX vs. SCFIX - Volatility Comparison
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 0.66%, while Shenkman Capital Short Duration High Income Fund (SCFIX) has a volatility of 0.79%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than SCFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRHX | SCFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.79% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.61% | 1.19% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 1.96% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 2.92% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 3.27% | +0.86% |