FFRTX vs. FSKAX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class M (FFRTX) and Fidelity Total Market Index Fund (FSKAX).
FFRTX is managed by Fidelity. It was launched on Aug 16, 2000. FSKAX is managed by Fidelity.
Performance
FFRTX vs. FSKAX - Performance Comparison
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FFRTX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFRTX Fidelity Advisor Floating Rate High Income Fund Class M | -0.66% | 5.16% | 6.95% | 11.37% | -1.77% | 4.73% | 1.36% | 8.29% | -0.21% | 3.61% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, FFRTX achieves a -0.66% return, which is significantly higher than FSKAX's -6.77% return. Over the past 10 years, FFRTX has underperformed FSKAX with an annualized return of 4.61%, while FSKAX has yielded a comparatively higher 13.23% annualized return.
FFRTX
- 1D
- 0.00%
- 1M
- 0.11%
- YTD
- -0.66%
- 6M
- 0.53%
- 1Y
- 4.26%
- 3Y*
- 6.50%
- 5Y*
- 4.76%
- 10Y*
- 4.61%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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FFRTX vs. FSKAX - Expense Ratio Comparison
FFRTX has a 0.99% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
FFRTX vs. FSKAX — Risk / Return Rank
FFRTX
FSKAX
FFRTX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class M (FFRTX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FFRTX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 0.83 | +0.62 |
Sortino ratioReturn per unit of downside risk | 2.01 | 1.29 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.19 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.04 | +0.56 |
Martin ratioReturn relative to average drawdown | 7.56 | 5.05 | +2.52 |
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
| FFRTX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 0.83 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.74 | 0.59 | +1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | 0.72 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.78 | +0.37 |
Correlation
The correlation between FFRTX and FSKAX is 0.29, 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
FFRTX vs. FSKAX - Dividend Comparison
FFRTX's dividend yield for the trailing twelve months is around 6.48%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRTX Fidelity Advisor Floating Rate High Income Fund Class M | 6.48% | 7.12% | 6.70% | 7.25% | 3.57% | 2.47% | 3.54% | 4.84% | 4.41% | 3.76% | 4.04% | 3.34% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FFRTX vs. FSKAX - Drawdown Comparison
The maximum FFRTX drawdown since its inception was -22.24%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FFRTX and FSKAX.
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Drawdown Indicators
| FFRTX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.24% | -35.01% | +12.77% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -12.42% | +9.68% |
Max Drawdown (5Y)Largest decline over 5 years | -6.01% | -25.39% | +19.38% |
Max Drawdown (10Y)Largest decline over 10 years | -22.24% | -35.01% | +12.77% |
Current DrawdownCurrent decline from peak | -0.88% | -8.92% | +8.04% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -4.05% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 2.57% | -1.97% |
Volatility
FFRTX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class M (FFRTX) is 0.71%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.42%. This indicates that FFRTX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRTX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 4.42% | -3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 9.40% | -7.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 18.50% | -15.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 17.38% | -14.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 18.42% | -14.34% |