FFRIX vs. FXAIX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and Fidelity 500 Index Fund (FXAIX).
FFRIX is managed by Fidelity. It was launched on Aug 16, 2000. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FFRIX vs. FXAIX - Performance Comparison
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FFRIX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | -0.73% | 5.54% | 7.07% | 11.63% | -1.58% | 5.06% | 1.64% | 8.47% | 0.13% | 3.86% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FFRIX achieves a -0.73% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, FFRIX has underperformed FXAIX with an annualized return of 4.85%, while FXAIX has yielded a comparatively higher 13.75% annualized return.
FFRIX
- 1D
- -0.11%
- 1M
- 0.00%
- YTD
- -0.73%
- 6M
- 0.64%
- 1Y
- 4.50%
- 3Y*
- 6.70%
- 5Y*
- 4.98%
- 10Y*
- 4.85%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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FFRIX vs. FXAIX - Expense Ratio Comparison
FFRIX has a 0.72% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FFRIX vs. FXAIX — Risk / Return Rank
FFRIX
FXAIX
FFRIX vs. FXAIX - 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 Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 0.84 | +0.63 |
Sortino ratioReturn per unit of downside risk | 2.07 | 1.30 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.20 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.05 | +0.64 |
Martin ratioReturn relative to average drawdown | 8.29 | 5.13 | +3.17 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 0.84 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.74 | 0.68 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | 0.77 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.75 | +0.45 |
Correlation
The correlation between FFRIX and FXAIX is 0.27, 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. FXAIX - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 6.72%, more than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 6.72% | 7.37% | 6.92% | 7.47% | 3.78% | 2.69% | 3.80% | 5.12% | 4.65% | 4.00% | 4.38% | 3.32% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FFRIX vs. FXAIX - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.12%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FFRIX and FXAIX.
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Drawdown Indicators
| FFRIX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -33.79% | +11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -12.13% | +9.39% |
Max Drawdown (5Y)Largest decline over 5 years | -5.92% | -24.50% | +18.58% |
Max Drawdown (10Y)Largest decline over 10 years | -22.12% | -33.79% | +11.67% |
Current DrawdownCurrent decline from peak | -0.86% | -8.89% | +8.03% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -3.83% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.50% | -1.92% |
Volatility
FFRIX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) is 0.71%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.24%. This indicates that FFRIX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRIX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 4.24% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 9.08% | -7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 18.13% | -14.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 16.88% | -14.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 18.03% | -13.89% |