FGHNX vs. FFRHX
Compare and contrast key facts about Fidelity Global High Income Fund (FGHNX) and Fidelity Floating Rate High Income Fund (FFRHX).
FGHNX is managed by Fidelity. It was launched on May 11, 2011. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGHNX or FFRHX.
Correlation
The correlation between FGHNX and FFRHX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FGHNX vs. FFRHX - Performance Comparison
Key characteristics
Returns By Period
FGHNX
N/A
N/A
N/A
N/A
N/A
N/A
FFRHX
0.28%
0.28%
4.30%
8.13%
5.55%
4.75%
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FGHNX vs. FFRHX - Expense Ratio Comparison
FGHNX has a 0.90% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
FGHNX vs. FFRHX — Risk-Adjusted Performance Rank
FGHNX
FFRHX
FGHNX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global High Income Fund (FGHNX) and Fidelity Floating Rate High Income Fund (FFRHX). 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
FGHNX vs. FFRHX - Dividend Comparison
FGHNX has not paid dividends to shareholders, while FFRHX's dividend yield for the trailing twelve months is around 8.24%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGHNX Fidelity Global High Income Fund | 3.88% | 4.32% | 4.46% | 4.75% | 4.20% | 4.36% | 4.71% | 5.53% | 4.35% | 4.79% | 5.78% | 8.66% |
FFRHX Fidelity Floating Rate High Income Fund | 8.24% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
Drawdowns
FGHNX vs. FFRHX - Drawdown Comparison
Volatility
FGHNX vs. FFRHX - Volatility Comparison
The current volatility for Fidelity Global High Income Fund (FGHNX) is 0.00%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 0.66%. This indicates that FGHNX experiences smaller price fluctuations and is considered to be less risky than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.