FFRIX vs. VOO
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) and Vanguard S&P 500 ETF (VOO).
FFRIX is managed by Fidelity. It was launched on Aug 16, 2000. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRIX or VOO.
Correlation
The correlation between FFRIX and VOO 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. VOO - Performance Comparison
Key characteristics
FFRIX:
3.13
VOO:
1.76
FFRIX:
8.73
VOO:
2.37
FFRIX:
2.84
VOO:
1.32
FFRIX:
9.20
VOO:
2.66
FFRIX:
43.01
VOO:
11.10
FFRIX:
0.18%
VOO:
2.02%
FFRIX:
2.53%
VOO:
12.79%
FFRIX:
-22.13%
VOO:
-33.99%
FFRIX:
-0.32%
VOO:
-2.11%
Returns By Period
In the year-to-date period, FFRIX achieves a 0.27% return, which is significantly lower than VOO's 2.40% return. Over the past 10 years, FFRIX has underperformed VOO with an annualized return of 4.68%, while VOO has yielded a comparatively higher 13.03% annualized return.
FFRIX
0.27%
0.16%
4.26%
8.07%
5.50%
4.68%
VOO
2.40%
-1.05%
7.47%
19.81%
14.27%
13.03%
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FFRIX vs. VOO - Expense Ratio Comparison
FFRIX has a 0.72% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FFRIX vs. VOO — Risk-Adjusted Performance Rank
FFRIX
VOO
FFRIX vs. VOO - 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 S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
FFRIX's dividend yield for the trailing twelve months is around 8.19%, more than VOO's 1.22% 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% |
VOO Vanguard S&P 500 ETF | 1.22% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
FFRIX vs. VOO - Drawdown Comparison
The maximum FFRIX drawdown since its inception was -22.13%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FFRIX and VOO. For additional features, visit the drawdowns tool.
Volatility
FFRIX vs. VOO - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) is 0.67%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.38%. This indicates that FFRIX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.