FHAIX vs. FIQSX
Compare and contrast key facts about Franklin High Income Fund (FHAIX) and Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX).
FHAIX is managed by Franklin Templeton. It was launched on Dec 31, 1969. FIQSX is managed by Fidelity. It was launched on Oct 2, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHAIX or FIQSX.
Correlation
The correlation between FHAIX and FIQSX is 0.40, 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.
Performance
FHAIX vs. FIQSX - Performance Comparison
Key characteristics
FHAIX:
2.12
FIQSX:
3.18
FHAIX:
3.42
FIQSX:
9.14
FHAIX:
1.75
FIQSX:
2.80
FHAIX:
7.10
FIQSX:
9.31
FHAIX:
22.27
FIQSX:
47.40
FHAIX:
0.40%
FIQSX:
0.17%
FHAIX:
4.20%
FIQSX:
2.51%
FHAIX:
-51.73%
FIQSX:
-22.19%
FHAIX:
-0.63%
FIQSX:
-0.43%
Returns By Period
The year-to-date returns for both investments are quite close, with FHAIX having a 7.74% return and FIQSX slightly higher at 8.04%.
FHAIX
7.74%
-0.57%
3.85%
8.91%
4.66%
4.70%
FIQSX
8.04%
-0.21%
3.89%
8.04%
5.38%
N/A
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FHAIX vs. FIQSX - Expense Ratio Comparison
FHAIX has a 0.77% expense ratio, which is higher than FIQSX's 0.62% expense ratio.
Risk-Adjusted Performance
FHAIX vs. FIQSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHAIX) and Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX). 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
FHAIX vs. FIQSX - Dividend Comparison
FHAIX's dividend yield for the trailing twelve months is around 5.83%, less than FIQSX's 7.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHAIX Franklin High Income Fund | 5.83% | 6.16% | 6.09% | 4.95% | 5.21% | 5.48% | 6.05% | 5.32% | 5.66% | 7.17% | 6.36% | 6.35% |
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 7.70% | 8.29% | 5.13% | 3.33% | 3.91% | 5.19% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FHAIX vs. FIQSX - Drawdown Comparison
The maximum FHAIX drawdown since its inception was -51.73%, which is greater than FIQSX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FHAIX and FIQSX. For additional features, visit the drawdowns tool.
Volatility
FHAIX vs. FIQSX - Volatility Comparison
Franklin High Income Fund (FHAIX) has a higher volatility of 1.30% compared to Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) at 0.27%. This indicates that FHAIX's price experiences larger fluctuations and is considered to be riskier than FIQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.