FFRIX vs. VMFXX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and Vanguard Federal Money Market Fund (VMFXX).
FFRIX is managed by Fidelity. It was launched on Aug 16, 2000. VMFXX is managed by Vanguard. It was launched on Sep 1, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRIX or VMFXX.
Correlation
The correlation between FFRIX and VMFXX is 0.16, 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. VMFXX - Performance Comparison
Key characteristics
FFRIX:
3.13
VMFXX:
3.45
FFRIX:
0.18%
VMFXX:
0.00%
FFRIX:
2.53%
VMFXX:
1.39%
FFRIX:
-22.13%
VMFXX:
0.00%
FFRIX:
-0.32%
VMFXX:
0.00%
Returns By Period
Over the past 10 years, FFRIX has outperformed VMFXX with an annualized return of 4.68%, while VMFXX has yielded a comparatively lower 1.65% annualized return.
FFRIX
0.27%
0.16%
4.26%
8.07%
5.50%
4.68%
VMFXX
0.00%
0.00%
2.05%
4.78%
2.42%
1.65%
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FFRIX vs. VMFXX - Expense Ratio Comparison
FFRIX has a 0.72% expense ratio, which is higher than VMFXX's 0.00% expense ratio.
Risk-Adjusted Performance
FFRIX vs. VMFXX — Risk-Adjusted Performance Rank
FFRIX
VMFXX
FFRIX vs. VMFXX - 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 Vanguard Federal Money Market Fund (VMFXX). 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. VMFXX - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 8.19%, more than VMFXX's 5.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 8.19% | 8.29% | 8.21% | 5.00% | 3.20% | 3.79% | 5.11% | 4.66% | 3.95% | 3.86% | 4.21% | 3.94% |
VMFXX Vanguard Federal Money Market Fund | 5.03% | 5.11% | 4.97% | 1.54% | 0.01% | 0.45% | 2.12% | 1.61% | 0.50% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFRIX vs. VMFXX - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.13%, which is greater than VMFXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FFRIX and VMFXX. For additional features, visit the drawdowns tool.
Volatility
FFRIX vs. VMFXX - Volatility Comparison
Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) has a higher volatility of 0.67% compared to Vanguard Federal Money Market Fund (VMFXX) at 0.00%. This indicates that FFRIX's price experiences larger fluctuations and is considered to be riskier than VMFXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.