FFRIX vs. PDI
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and PIMCO Dynamic Income Fund (PDI).
FFRIX 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 PDI.
Correlation
The correlation between FFRIX and PDI is 0.26, 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. PDI - Performance Comparison
Key characteristics
FFRIX:
1.56
PDI:
0.75
FFRIX:
2.42
PDI:
0.96
FFRIX:
1.57
PDI:
1.24
FFRIX:
1.49
PDI:
0.87
FFRIX:
6.99
PDI:
3.06
FFRIX:
0.70%
PDI:
4.11%
FFRIX:
3.13%
PDI:
17.37%
FFRIX:
-22.13%
PDI:
-46.47%
FFRIX:
-1.12%
PDI:
-2.98%
Returns By Period
In the year-to-date period, FFRIX achieves a -0.41% return, which is significantly lower than PDI's 8.88% return. Over the past 10 years, FFRIX has underperformed PDI with an annualized return of 4.45%, while PDI has yielded a comparatively higher 8.08% annualized return.
FFRIX
-0.41%
1.11%
0.89%
4.92%
7.47%
4.45%
PDI
8.88%
1.56%
3.01%
12.93%
8.83%
8.08%
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Risk-Adjusted Performance
FFRIX vs. PDI — Risk-Adjusted Performance Rank
FFRIX
PDI
FFRIX vs. PDI - 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 PIMCO Dynamic Income Fund (PDI). 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. PDI - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 7.42%, less than PDI's 13.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 7.42% | 8.29% | 8.21% | 5.00% | 3.20% | 3.79% | 5.11% | 4.66% | 3.95% | 3.86% | 4.21% | 3.94% |
PDI PIMCO Dynamic Income Fund | 13.91% | 14.45% | 14.74% | 17.84% | 10.21% | 10.01% | 9.45% | 10.78% | 8.81% | 14.79% | 15.08% | 13.43% |
Drawdowns
FFRIX vs. PDI - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.13%, smaller than the maximum PDI drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for FFRIX and PDI. For additional features, visit the drawdowns tool.
Volatility
FFRIX vs. PDI - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) is 1.03%, while PIMCO Dynamic Income Fund (PDI) has a volatility of 6.68%. This indicates that FFRIX experiences smaller price fluctuations and is considered to be less risky than PDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.