FHIFX vs. FFRHX
Compare and contrast key facts about Fidelity Focused High Income Fund (FHIFX) and Fidelity Floating Rate High Income Fund (FFRHX).
FHIFX is managed by Fidelity. It was launched on Sep 8, 2004. 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: FHIFX or FFRHX.
Correlation
The correlation between FHIFX and FFRHX is 0.23, 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
FHIFX vs. FFRHX - Performance Comparison
Key characteristics
FHIFX:
2.18
FFRHX:
1.70
FHIFX:
3.12
FFRHX:
2.78
FHIFX:
1.50
FFRHX:
1.67
FHIFX:
2.38
FFRHX:
1.66
FHIFX:
9.90
FFRHX:
8.36
FHIFX:
0.75%
FFRHX:
0.65%
FHIFX:
3.43%
FFRHX:
3.20%
FHIFX:
-27.06%
FFRHX:
-22.19%
FHIFX:
-0.93%
FFRHX:
-1.55%
Returns By Period
In the year-to-date period, FHIFX achieves a 1.06% return, which is significantly higher than FFRHX's -0.83% return. Over the past 10 years, FHIFX has underperformed FFRHX with an annualized return of 3.64%, while FFRHX has yielded a comparatively higher 4.48% annualized return.
FHIFX
1.06%
-0.20%
1.55%
7.73%
3.99%
3.64%
FFRHX
-0.83%
-0.80%
1.26%
5.46%
7.61%
4.48%
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FHIFX vs. FFRHX - Expense Ratio Comparison
FHIFX has a 0.75% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
FHIFX vs. FFRHX — Risk-Adjusted Performance Rank
FHIFX
FFRHX
FHIFX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Focused High Income Fund (FHIFX) 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
FHIFX vs. FFRHX - Dividend Comparison
FHIFX's dividend yield for the trailing twelve months is around 4.95%, less than FFRHX's 8.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIFX Fidelity Focused High Income Fund | 4.95% | 4.85% | 4.36% | 4.46% | 3.65% | 3.82% | 4.25% | 5.01% | 4.19% | 4.48% | 4.83% | 7.91% |
FFRHX Fidelity Floating Rate High Income Fund | 8.21% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
Drawdowns
FHIFX vs. FFRHX - Drawdown Comparison
The maximum FHIFX drawdown since its inception was -27.06%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FHIFX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FHIFX vs. FFRHX - Volatility Comparison
Fidelity Focused High Income Fund (FHIFX) and Fidelity Floating Rate High Income Fund (FFRHX) have volatilities of 2.07% and 2.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.