FFRIX vs. FFRHX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and Fidelity Floating Rate High Income Fund (FFRHX).
FFRIX is managed by Fidelity. It was launched on Aug 16, 2000. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRIX or FFRHX.
Key characteristics
| FFRIX | FFRHX | |
|---|---|---|
| YTD Return | 7.95% | 7.97% |
| 1Y Return | 9.94% | 9.98% |
| 3Y Return (Ann) | 6.32% | 6.36% |
| 5Y Return (Ann) | 5.60% | 5.65% |
| 10Y Return (Ann) | 4.53% | 4.59% |
| Sharpe Ratio | 3.82 | 3.83 |
| Sortino Ratio | 11.32 | 12.36 |
| Omega Ratio | 3.64 | 4.13 |
| Calmar Ratio | 11.37 | 11.41 |
| Martin Ratio | 59.04 | 60.78 |
| Ulcer Index | 0.17% | 0.16% |
| Daily Std Dev | 2.56% | 2.56% |
| Max Drawdown | -22.13% | -22.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FFRIX and FFRHX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FFRIX vs. FFRHX - Performance Comparison
The year-to-date returns for both investments are quite close, with FFRIX having a 7.95% return and FFRHX slightly higher at 7.97%. Both investments have delivered pretty close results over the past 10 years, with FFRIX having a 4.53% annualized return and FFRHX not far ahead at 4.59%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FFRIX vs. FFRHX - Expense Ratio Comparison
FFRIX has a 0.72% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
FFRIX vs. FFRHX - 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 Fidelity Floating Rate High Income Fund (FFRHX). 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. FFRHX - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 8.35%, which matches FFRHX's 8.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 8.35% | 8.21% | 5.00% | 3.20% | 3.79% | 5.11% | 4.66% | 3.95% | 3.86% | 4.21% | 3.94% | 3.40% |
FFRHX Fidelity Floating Rate High Income Fund | 8.38% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
FFRIX vs. FFRHX - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.13%, roughly equal to the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FFRIX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FFRIX vs. FFRHX - Volatility Comparison
Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and Fidelity Floating Rate High Income Fund (FFRHX) have volatilities of 0.62% and 0.62%, 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.