FFRTX vs. FXAIX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class M (FFRTX) and Fidelity 500 Index Fund (FXAIX).
FFRTX is managed by Fidelity. It was launched on Aug 16, 2000. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FFRTX vs. FXAIX - Performance Comparison
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FFRTX vs. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
In the year-to-date period, FFRTX achieves a -0.66% return, which is significantly higher than FXAIX's -7.05% return. Over the past 10 years, FFRTX has underperformed FXAIX with an annualized return of 4.61%, while FXAIX has yielded a comparatively higher 13.75% 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%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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FFRTX vs. FXAIX - Expense Ratio Comparison
FFRTX has a 0.99% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FFRTX vs. FXAIX — Risk / Return Rank
FFRTX
FXAIX
FFRTX vs. FXAIX - 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 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.45 | 0.84 | +0.61 |
Sortino ratioReturn per unit of downside risk | 2.01 | 1.30 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.20 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.05 | +0.55 |
Martin ratioReturn relative to average drawdown | 7.56 | 5.13 | +2.44 |
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 | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 0.84 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.74 | 0.68 | +1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | 0.77 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.75 | +0.39 |
Correlation
The correlation between FFRTX and FXAIX is 0.28, 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. FXAIX - Dividend Comparison
FFRTX's dividend yield for the trailing twelve months is around 6.48%, more than FXAIX's 1.20% 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% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FFRTX vs. FXAIX - Drawdown Comparison
The maximum FFRTX drawdown since its inception was -22.24%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FFRTX and FXAIX.
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Drawdown Indicators
| FFRTX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.24% | -33.79% | +11.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -12.13% | +9.39% |
Max Drawdown (5Y)Largest decline over 5 years | -6.01% | -24.50% | +18.49% |
Max Drawdown (10Y)Largest decline over 10 years | -22.24% | -33.79% | +11.55% |
Current DrawdownCurrent decline from peak | -0.88% | -8.89% | +8.01% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -3.83% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 2.50% | -1.90% |
Volatility
FFRTX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class M (FFRTX) is 0.71%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.24%. This indicates that FFRTX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRTX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 4.24% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 9.08% | -7.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 18.13% | -14.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 16.88% | -14.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 18.03% | -13.95% |