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.
Performance
FFRIX vs. VMFXX - Performance Comparison
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FFRIX vs. VMFXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | -0.62% | 5.54% | 7.07% | 11.63% | -1.58% | 2.52% |
VMFXX Vanguard Federal Money Market Fund | 0.59% | 4.24% | 1.64% | 4.64% | 0.00% | 0.00% |
Returns By Period
In the year-to-date period, FFRIX achieves a -0.62% return, which is significantly lower than VMFXX's 0.59% 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%
VMFXX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.59%
- 6M
- 1.58%
- 1Y
- 3.75%
- 3Y*
- 3.32%
- 5Y*
- —
- 10Y*
- —
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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.
Return for Risk
FFRIX vs. VMFXX — Risk / Return Rank
FFRIX
VMFXX
FFRIX vs. VMFXX - 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 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.
| FFRIX | VMFXX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 3.51 | -2.12 |
Sortino ratioReturn per unit of downside risk | 1.94 | — | — |
Omega ratioGain probability vs. loss probability | 1.46 | — | — |
Calmar ratioReturn relative to maximum drawdown | 1.77 | — | — |
Martin ratioReturn relative to average drawdown | 8.67 | — | — |
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 | VMFXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 3.51 | -2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.74 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 2.52 | -1.31 |
Correlation
The correlation between FFRIX and VMFXX 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. VMFXX - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 6.71%, more than VMFXX's 3.68% 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% |
VMFXX Vanguard Federal Money Market Fund | 3.68% | 4.14% | 1.63% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFRIX vs. VMFXX - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.12%, 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.
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Drawdown Indicators
| FFRIX | VMFXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | 0.00% | -22.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | 0.00% | -2.74% |
Max Drawdown (5Y)Largest decline over 5 years | -5.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.12% | — | — |
Current DrawdownCurrent decline from peak | -0.75% | 0.00% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -1.01% | 0.00% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.00% | +0.58% |
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.
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Volatility by Period
| FFRIX | VMFXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.00% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 1.74% | 0.77% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 1.16% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 0.93% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 0.93% | +3.21% |