FIQSX vs. FFRHX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and Fidelity Floating Rate High Income Fund (FFRHX).
FIQSX is managed by Fidelity. It was launched on Oct 2, 2018. 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: FIQSX or FFRHX.
Correlation
The correlation between FIQSX and FFRHX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIQSX vs. FFRHX - Performance Comparison
Key characteristics
FIQSX:
3.18
FFRHX:
3.14
FIQSX:
9.14
FFRHX:
9.16
FIQSX:
2.80
FFRHX:
3.14
FIQSX:
9.31
FFRHX:
9.09
FIQSX:
47.40
FFRHX:
45.53
FIQSX:
0.17%
FFRHX:
0.17%
FIQSX:
2.51%
FFRHX:
2.48%
FIQSX:
-22.19%
FFRHX:
-22.19%
FIQSX:
-0.43%
FFRHX:
-0.54%
Returns By Period
The year-to-date returns for both stocks are quite close, with FIQSX having a 8.04% return and FFRHX slightly lower at 7.86%.
FIQSX
8.04%
-0.21%
3.89%
8.04%
5.38%
N/A
FFRHX
7.86%
-0.21%
3.75%
7.97%
5.30%
4.75%
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FIQSX vs. FFRHX - Expense Ratio Comparison
FIQSX has a 0.62% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
FIQSX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) 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
FIQSX vs. FFRHX - Dividend Comparison
FIQSX's dividend yield for the trailing twelve months is around 7.70%, which matches FFRHX's 7.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FFRHX Fidelity Floating Rate High Income Fund | 7.64% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
FIQSX vs. FFRHX - Drawdown Comparison
The maximum FIQSX drawdown since its inception was -22.19%, roughly equal to the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FIQSX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FIQSX vs. FFRHX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) is 0.27%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 0.38%. This indicates that FIQSX 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.