FFRIX vs. FLOT
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and iShares Floating Rate Bond ETF (FLOT).
FFRIX is managed by Fidelity. It was launched on Aug 16, 2000. FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRIX or FLOT.
Correlation
The correlation between FFRIX and FLOT is 0.11, 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.
Performance
FFRIX vs. FLOT - Performance Comparison
Loading data...
Key characteristics
FFRIX:
1.69
FLOT:
2.51
FFRIX:
2.64
FLOT:
3.15
FFRIX:
1.62
FLOT:
2.22
FFRIX:
1.63
FLOT:
3.42
FFRIX:
7.62
FLOT:
26.73
FFRIX:
0.71%
FLOT:
0.20%
FFRIX:
3.16%
FLOT:
2.15%
FFRIX:
-22.13%
FLOT:
-13.54%
FFRIX:
-0.68%
FLOT:
0.00%
Returns By Period
In the year-to-date period, FFRIX achieves a 0.03% return, which is significantly lower than FLOT's 1.57% return. Over the past 10 years, FFRIX has outperformed FLOT with an annualized return of 4.48%, while FLOT has yielded a comparatively lower 2.55% annualized return.
FFRIX
0.03%
2.01%
1.34%
5.38%
7.53%
4.48%
FLOT
1.57%
1.43%
2.34%
5.35%
3.62%
2.55%
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. FLOT - Expense Ratio Comparison
FFRIX has a 0.72% expense ratio, which is higher than FLOT's 0.20% expense ratio.
Risk-Adjusted Performance
FFRIX vs. FLOT — Risk-Adjusted Performance Rank
FFRIX
FLOT
FFRIX vs. FLOT - 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 iShares Floating Rate Bond ETF (FLOT). 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.
Loading data...
Dividends
FFRIX vs. FLOT - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 7.98%, more than FLOT's 5.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 7.98% | 8.29% | 8.21% | 5.00% | 3.20% | 3.79% | 5.11% | 4.66% | 3.95% | 3.86% | 4.21% | 3.94% |
FLOT iShares Floating Rate Bond ETF | 5.44% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% | 0.44% |
Drawdowns
FFRIX vs. FLOT - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.13%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for FFRIX and FLOT. For additional features, visit the drawdowns tool.
Loading data...
Volatility
FFRIX vs. FLOT - Volatility Comparison
Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) has a higher volatility of 0.77% compared to iShares Floating Rate Bond ETF (FLOT) at 0.53%. This indicates that FFRIX's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...