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.
Key characteristics
| FFRIX | VOO | |
|---|---|---|
| YTD Return | 7.95% | 27.15% |
| 1Y Return | 9.94% | 39.90% |
| 3Y Return (Ann) | 6.28% | 10.28% |
| 5Y Return (Ann) | 5.59% | 16.00% |
| 10Y Return (Ann) | 4.52% | 13.43% |
| Sharpe Ratio | 3.77 | 3.15 |
| Sortino Ratio | 11.10 | 4.19 |
| Omega Ratio | 3.53 | 1.59 |
| Calmar Ratio | 11.23 | 4.60 |
| Martin Ratio | 58.28 | 21.00 |
| Ulcer Index | 0.17% | 1.85% |
| Daily Std Dev | 2.56% | 12.34% |
| Max Drawdown | -22.13% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
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
In the year-to-date period, FFRIX achieves a 7.95% return, which is significantly lower than VOO's 27.15% return. Over the past 10 years, FFRIX has underperformed VOO with an annualized return of 4.52%, while VOO has yielded a comparatively higher 13.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 8.35%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 8.35% | 8.21% | 5.00% | 3.20% | 3.79% | 5.11% | 4.66% | 3.95% | 3.86% | 4.21% | 3.94% | 3.40% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
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 0.62%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.95%. 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.