FFRIX vs. BFRAX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and BlackRock Floating Rate Income Fund (BFRAX).
FFRIX is managed by Fidelity. It was launched on Aug 16, 2000. BFRAX is managed by BlackRock. It was launched on Nov 2, 1989.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRIX or BFRAX.
Correlation
The correlation between FFRIX and BFRAX is 0.69, 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.
Performance
FFRIX vs. BFRAX - Performance Comparison
Key characteristics
FFRIX:
3.27
BFRAX:
3.07
FFRIX:
9.16
BFRAX:
8.34
FFRIX:
2.97
BFRAX:
2.70
FFRIX:
9.61
BFRAX:
8.41
FFRIX:
45.55
BFRAX:
44.62
FFRIX:
0.18%
BFRAX:
0.18%
FFRIX:
2.53%
BFRAX:
2.55%
FFRIX:
-22.13%
BFRAX:
-20.61%
FFRIX:
-0.22%
BFRAX:
-0.31%
Returns By Period
In the year-to-date period, FFRIX achieves a 0.38% return, which is significantly higher than BFRAX's 0.35% return. Over the past 10 years, FFRIX has outperformed BFRAX with an annualized return of 4.71%, while BFRAX has yielded a comparatively lower 4.38% annualized return.
FFRIX
0.38%
0.27%
4.49%
8.31%
5.52%
4.71%
BFRAX
0.35%
0.15%
3.91%
7.82%
5.11%
4.38%
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FFRIX vs. BFRAX - Expense Ratio Comparison
FFRIX has a 0.72% expense ratio, which is lower than BFRAX's 0.90% expense ratio.
Risk-Adjusted Performance
FFRIX vs. BFRAX — Risk-Adjusted Performance Rank
FFRIX
BFRAX
FFRIX vs. BFRAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and BlackRock Floating Rate Income Fund (BFRAX). 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
FFRIX vs. BFRAX - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 8.18%, more than BFRAX's 7.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 8.18% | 8.29% | 8.21% | 5.00% | 3.20% | 3.79% | 5.11% | 4.66% | 3.95% | 3.86% | 4.21% | 3.94% |
BFRAX BlackRock Floating Rate Income Fund | 7.84% | 7.98% | 8.26% | 4.85% | 3.15% | 3.73% | 4.63% | 4.52% | 3.79% | 3.91% | 4.02% | 4.17% |
Drawdowns
FFRIX vs. BFRAX - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.13%, which is greater than BFRAX's maximum drawdown of -20.61%. Use the drawdown chart below to compare losses from any high point for FFRIX and BFRAX. For additional features, visit the drawdowns tool.
Volatility
FFRIX vs. BFRAX - Volatility Comparison
Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and BlackRock Floating Rate Income Fund (BFRAX) have volatilities of 0.67% and 0.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.