Correlation
The correlation between FGHNX and FTLS is 0.41, 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.
FGHNX vs. FTLS
Compare and contrast key facts about Fidelity Global High Income Fund (FGHNX) and First Trust Long/Short Equity ETF (FTLS).
FGHNX is managed by Fidelity. It was launched on May 11, 2011. FTLS is an actively managed fund by First Trust. It was launched on Sep 9, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGHNX or FTLS.
Performance
FGHNX vs. FTLS - Performance Comparison
Loading data...
Key characteristics
Returns By Period
FGHNX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
FTLS
-0.19%
2.79%
-0.44%
8.51%
10.28%
10.78%
7.96%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FGHNX vs. FTLS - Expense Ratio Comparison
FGHNX has a 0.90% expense ratio, which is lower than FTLS's 1.60% expense ratio.
Risk-Adjusted Performance
FGHNX vs. FTLS — Risk-Adjusted Performance Rank
FGHNX
FTLS
FGHNX vs. FTLS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global High Income Fund (FGHNX) and First Trust Long/Short Equity ETF (FTLS). 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.
Loading data...
Dividends
FGHNX vs. FTLS - Dividend Comparison
FGHNX has not paid dividends to shareholders, while FTLS's dividend yield for the trailing twelve months is around 1.54%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGHNX Fidelity Global High Income Fund | 2.20% | 4.32% | 4.46% | 4.75% | 4.20% | 4.36% | 4.71% | 5.53% | 4.35% | 4.79% | 5.78% | 8.66% |
FTLS First Trust Long/Short Equity ETF | 1.54% | 1.50% | 1.49% | 0.81% | 0.01% | 0.44% | 0.83% | 0.87% | 0.43% | 1.04% | 0.49% | 0.51% |
Drawdowns
FGHNX vs. FTLS - Drawdown Comparison
Loading data...
Volatility
FGHNX vs. FTLS - Volatility Comparison
Loading data...