FFRTX vs. FZROX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class M (FFRTX) and Fidelity ZERO Total Market Index Fund (FZROX).
FFRTX is managed by Fidelity. It was launched on Aug 16, 2000. FZROX is managed by Fidelity.
Performance
FFRTX vs. FZROX - Performance Comparison
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FFRTX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -2.45% |
FZROX Fidelity ZERO Total Market Index Fund | -6.77% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Returns By Period
In the year-to-date period, FFRTX achieves a -0.66% return, which is significantly higher than FZROX's -6.77% 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%
FZROX
- 1D
- -0.45%
- 1M
- -7.71%
- YTD
- -6.77%
- 6M
- -4.49%
- 1Y
- 14.82%
- 3Y*
- 16.81%
- 5Y*
- 10.36%
- 10Y*
- —
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FFRTX vs. FZROX - Expense Ratio Comparison
FFRTX has a 0.99% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FFRTX vs. FZROX — Risk / Return Rank
FFRTX
FZROX
FFRTX vs. FZROX - 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 ZERO Total Market Index Fund (FZROX). 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 | FZROX | 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 | 5.11 | +2.45 |
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 | FZROX | 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 | 0.60 | +1.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.61 | +0.54 |
Correlation
The correlation between FFRTX and FZROX is 0.33, 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. FZROX - Dividend Comparison
FFRTX's dividend yield for the trailing twelve months is around 6.48%, more than FZROX's 1.10% 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% |
FZROX Fidelity ZERO Total Market Index Fund | 1.10% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FFRTX vs. FZROX - Drawdown Comparison
The maximum FFRTX drawdown since its inception was -22.24%, smaller than the maximum FZROX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FFRTX and FZROX.
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Drawdown Indicators
| FFRTX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.24% | -34.96% | +12.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -12.44% | +9.70% |
Max Drawdown (5Y)Largest decline over 5 years | -6.01% | -25.12% | +19.11% |
Max Drawdown (10Y)Largest decline over 10 years | -22.24% | — | — |
Current DrawdownCurrent decline from peak | -0.88% | -8.89% | +8.01% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -5.61% | +4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 2.56% | -1.96% |
Volatility
FFRTX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class M (FFRTX) is 0.71%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 4.41%. This indicates that FFRTX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFRTX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 4.41% | -3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 9.34% | -7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 18.49% | -15.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 17.40% | -14.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 20.25% | -16.17% |