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 0.12, 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.
Performance
FFRIX vs. FLOT - Performance Comparison
Key characteristics
FFRIX:
1.53
FLOT:
2.46
FFRIX:
2.39
FLOT:
3.08
FFRIX:
1.58
FLOT:
2.22
FFRIX:
1.46
FLOT:
3.33
FFRIX:
8.16
FLOT:
26.33
FFRIX:
0.59%
FLOT:
0.20%
FFRIX:
3.14%
FLOT:
2.12%
FFRIX:
-22.13%
FLOT:
-13.54%
FFRIX:
-2.21%
FLOT:
-0.28%
Returns By Period
In the year-to-date period, FFRIX achieves a -1.50% return, which is significantly lower than FLOT's 0.95% return. Over the past 10 years, FFRIX has outperformed FLOT with an annualized return of 4.37%, while FLOT has yielded a comparatively lower 2.51% annualized return.
FFRIX
-1.50%
-1.35%
0.56%
4.81%
7.33%
4.37%
FLOT
0.95%
-0.08%
2.19%
5.13%
3.61%
2.51%
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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.
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.
Dividends
FFRIX vs. FLOT - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 8.21%, more than FLOT's 5.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 8.21% | 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 | 5.53% | 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.
Volatility
FFRIX vs. FLOT - Volatility Comparison
Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and iShares Floating Rate Bond ETF (FLOT) have volatilities of 2.06% and 2.03%, 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.