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.
Performance
FFRIX vs. FLOT - Performance Comparison
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FFRIX vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | -0.62% | 5.54% | 7.07% | 11.63% | -1.58% | 5.06% | 1.64% | 8.47% | 0.13% | 3.86% |
FLOT iShares Floating Rate Bond ETF | 0.74% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
Returns By Period
In the year-to-date period, FFRIX achieves a -0.62% return, which is significantly lower than FLOT's 0.74% return. Over the past 10 years, FFRIX has outperformed FLOT with an annualized return of 4.86%, while FLOT has yielded a comparatively lower 2.97% annualized return.
FFRIX
- 1D
- 0.11%
- 1M
- 0.34%
- YTD
- -0.62%
- 6M
- 0.75%
- 1Y
- 4.73%
- 3Y*
- 6.74%
- 5Y*
- 5.00%
- 10Y*
- 4.86%
FLOT
- 1D
- -0.10%
- 1M
- 0.10%
- YTD
- 0.74%
- 6M
- 1.86%
- 1Y
- 4.44%
- 3Y*
- 5.87%
- 5Y*
- 4.01%
- 10Y*
- 2.97%
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FFRIX vs. FLOT - Expense Ratio Comparison
FFRIX has a 0.72% expense ratio, which is higher than FLOT's 0.20% expense ratio.
Return for Risk
FFRIX vs. FLOT — Risk / Return Rank
FFRIX
FLOT
FFRIX vs. FLOT - Risk-Adjusted Trends 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.
| FFRIX | FLOT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 2.10 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.64 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.95 | -0.49 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.88 | -1.11 |
Martin ratioReturn relative to average drawdown | 8.67 | 22.41 | -13.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FFRIX | FLOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.10 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.74 | 2.27 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | 0.72 | +0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.64 | +0.56 |
Correlation
The correlation between FFRIX and FLOT is 0.12, 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.
Dividends
FFRIX vs. FLOT - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 6.71%, more than FLOT's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 6.71% | 7.37% | 6.92% | 7.47% | 3.78% | 2.69% | 3.80% | 5.12% | 4.65% | 4.00% | 4.38% | 3.32% |
FLOT iShares Floating Rate Bond ETF | 4.68% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
Drawdowns
FFRIX vs. FLOT - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.12%, 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.
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Drawdown Indicators
| FFRIX | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -13.54% | -8.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -1.57% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -5.92% | -2.36% | -3.56% |
Max Drawdown (10Y)Largest decline over 10 years | -22.12% | -13.54% | -8.58% |
Current DrawdownCurrent decline from peak | -0.75% | -0.16% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -0.21% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.20% | +0.38% |
Volatility
FFRIX vs. FLOT - Volatility Comparison
Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) has a higher volatility of 0.67% compared to iShares Floating Rate Bond ETF (FLOT) at 0.50%. 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.
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Volatility by Period
| FFRIX | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.50% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 0.61% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 2.12% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 1.77% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 4.15% | -0.01% |