FFRHX vs. VIGIX
Compare and contrast key facts about Fidelity Floating Rate High Income Fund (FFRHX) and Vanguard Growth Index Fund Institutional Shares (VIGIX).
FFRHX is managed by Fidelity. It was launched on Aug 16, 2000. VIGIX is managed by Vanguard. It was launched on May 14, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRHX or VIGIX.
Performance
FFRHX vs. VIGIX - Performance Comparison
Returns By Period
In the year-to-date period, FFRHX achieves a 8.09% return, which is significantly lower than VIGIX's 28.44% return. Over the past 10 years, FFRHX has underperformed VIGIX with an annualized return of 4.61%, while VIGIX has yielded a comparatively higher 15.46% annualized return.
FFRHX
8.09%
0.89%
4.24%
9.98%
5.67%
4.61%
VIGIX
28.44%
2.17%
13.82%
35.46%
18.63%
15.46%
Key characteristics
| FFRHX | VIGIX | |
|---|---|---|
| Sharpe Ratio | 3.88 | 2.12 |
| Sortino Ratio | 12.50 | 2.75 |
| Omega Ratio | 4.16 | 1.39 |
| Calmar Ratio | 11.54 | 2.78 |
| Martin Ratio | 61.50 | 10.97 |
| Ulcer Index | 0.16% | 3.28% |
| Daily Std Dev | 2.56% | 17.02% |
| Max Drawdown | -22.19% | -57.17% |
| Current Drawdown | 0.00% | -2.70% |
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FFRHX vs. VIGIX - Expense Ratio Comparison
FFRHX has a 0.67% expense ratio, which is higher than VIGIX's 0.04% expense ratio.
Correlation
The correlation between FFRHX and VIGIX is 0.19, 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. VIGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Floating Rate High Income Fund (FFRHX) and Vanguard Growth Index Fund Institutional Shares (VIGIX). 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. VIGIX - Dividend Comparison
FFRHX's dividend yield for the trailing twelve months is around 8.37%, more than VIGIX's 0.49% 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% | 4.05% | 3.94% | 4.25% | 4.00% | 3.46% |
VIGIX Vanguard Growth Index Fund Institutional Shares | 0.49% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.15% | 1.40% | 1.31% | 1.22% | 1.20% |
Drawdowns
FFRHX vs. VIGIX - Drawdown Comparison
The maximum FFRHX drawdown since its inception was -22.19%, smaller than the maximum VIGIX drawdown of -57.17%. Use the drawdown chart below to compare losses from any high point for FFRHX and VIGIX. For additional features, visit the drawdowns tool.
Volatility
FFRHX vs. VIGIX - Volatility Comparison
The current volatility for Fidelity Floating Rate High Income Fund (FFRHX) is 0.61%, while Vanguard Growth Index Fund Institutional Shares (VIGIX) has a volatility of 5.43%. This indicates that FFRHX experiences smaller price fluctuations and is considered to be less risky than VIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.