Correlation
The correlation between FFRTX and FTHRX is 0.20, 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.
FFRTX vs. FTHRX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class M (FFRTX) and Fidelity Intermediate Bond Fund (FTHRX).
FFRTX is managed by Fidelity. It was launched on Aug 16, 2000. FTHRX is managed by Fidelity. It was launched on May 23, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FFRTX or FTHRX.
Performance
FFRTX vs. FTHRX - Performance Comparison
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Key characteristics
FFRTX:
1.97
FTHRX:
1.85
FFRTX:
2.69
FTHRX:
2.66
FFRTX:
1.59
FTHRX:
1.33
FFRTX:
1.65
FTHRX:
1.19
FFRTX:
8.09
FTHRX:
5.45
FFRTX:
0.65%
FTHRX:
1.12%
FFRTX:
3.08%
FTHRX:
3.57%
FFRTX:
-22.24%
FTHRX:
-12.77%
FFRTX:
0.00%
FTHRX:
-0.58%
Returns By Period
In the year-to-date period, FFRTX achieves a 0.68% return, which is significantly lower than FTHRX's 2.67% return. Over the past 10 years, FFRTX has outperformed FTHRX with an annualized return of 4.30%, while FTHRX has yielded a comparatively lower 2.02% annualized return.
FFRTX
0.68%
0.99%
1.62%
5.29%
7.66%
6.74%
4.30%
FTHRX
2.67%
-0.29%
2.19%
6.08%
2.85%
0.81%
2.02%
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FFRTX vs. FTHRX - Expense Ratio Comparison
FFRTX has a 0.99% expense ratio, which is higher than FTHRX's 0.45% expense ratio.
Risk-Adjusted Performance
FFRTX vs. FTHRX — Risk-Adjusted Performance Rank
FFRTX
FTHRX
FFRTX vs. FTHRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class M (FFRTX) and Fidelity Intermediate Bond Fund (FTHRX). 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.
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Dividends
FFRTX vs. FTHRX - Dividend Comparison
FFRTX's dividend yield for the trailing twelve months is around 7.06%, more than FTHRX's 3.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRTX Fidelity Advisor Floating Rate High Income Fund Class M | 7.06% | 8.03% | 7.96% | 4.74% | 2.95% | 3.53% | 4.85% | 4.41% | 3.76% | 3.57% | 3.86% | 3.61% |
FTHRX Fidelity Intermediate Bond Fund | 3.21% | 3.49% | 2.94% | 2.04% | 1.81% | 4.31% | 2.50% | 2.47% | 2.20% | 2.21% | 2.58% | 2.35% |
Drawdowns
FFRTX vs. FTHRX - Drawdown Comparison
The maximum FFRTX drawdown since its inception was -22.24%, which is greater than FTHRX's maximum drawdown of -12.77%. Use the drawdown chart below to compare losses from any high point for FFRTX and FTHRX.
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Volatility
FFRTX vs. FTHRX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class M (FFRTX) is 0.54%, while Fidelity Intermediate Bond Fund (FTHRX) has a volatility of 0.97%. This indicates that FFRTX experiences smaller price fluctuations and is considered to be less risky than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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