FFRIX vs. FDAAX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and Franklin Floating Rate Daily Access Fund (FDAAX).
FFRIX is managed by Fidelity. It was launched on Aug 16, 2000. FDAAX is managed by Franklin Templeton Investments. It was launched on Apr 30, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRIX or FDAAX.
Key characteristics
| FFRIX | FDAAX | |
|---|---|---|
| YTD Return | 7.83% | 7.01% |
| 1Y Return | 9.82% | 9.89% |
| 3Y Return (Ann) | 6.28% | 6.92% |
| 5Y Return (Ann) | 5.58% | 5.25% |
| 10Y Return (Ann) | 4.52% | 4.02% |
| Sharpe Ratio | 3.81 | 3.19 |
| Sortino Ratio | 11.23 | 8.27 |
| Omega Ratio | 3.56 | 2.64 |
| Calmar Ratio | 11.37 | 8.51 |
| Martin Ratio | 59.00 | 41.61 |
| Ulcer Index | 0.17% | 0.24% |
| Daily Std Dev | 2.56% | 3.10% |
| Max Drawdown | -22.13% | -25.73% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FFRIX and FDAAX is 0.58, 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. FDAAX - Performance Comparison
In the year-to-date period, FFRIX achieves a 7.83% return, which is significantly higher than FDAAX's 7.01% return. Over the past 10 years, FFRIX has outperformed FDAAX with an annualized return of 4.52%, while FDAAX has yielded a comparatively lower 4.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FFRIX vs. FDAAX - Expense Ratio Comparison
FFRIX has a 0.72% expense ratio, which is higher than FDAAX's 0.67% expense ratio.
Risk-Adjusted Performance
FFRIX vs. FDAAX - 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 Franklin Floating Rate Daily Access Fund (FDAAX). 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. FDAAX - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 8.36%, less than FDAAX's 9.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 8.36% | 8.21% | 5.00% | 3.20% | 3.79% | 5.11% | 4.66% | 3.95% | 3.86% | 4.21% | 3.94% | 3.40% |
FDAAX Franklin Floating Rate Daily Access Fund | 9.08% | 8.34% | 5.91% | 3.70% | 5.07% | 5.63% | 5.20% | 3.81% | 4.58% | 5.12% | 4.16% | 3.84% |
Drawdowns
FFRIX vs. FDAAX - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.13%, smaller than the maximum FDAAX drawdown of -25.73%. Use the drawdown chart below to compare losses from any high point for FFRIX and FDAAX. For additional features, visit the drawdowns tool.
Volatility
FFRIX vs. FDAAX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) is 0.62%, while Franklin Floating Rate Daily Access Fund (FDAAX) has a volatility of 0.77%. This indicates that FFRIX experiences smaller price fluctuations and is considered to be less risky than FDAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.