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 0.29, 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
FIQSX vs. FFRHX - Performance Comparison
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Key characteristics
FIQSX:
1.78
FFRHX:
1.61
FIQSX:
2.87
FFRHX:
2.59
FIQSX:
1.67
FFRHX:
1.61
FIQSX:
1.79
FFRHX:
1.54
FIQSX:
8.70
FFRHX:
7.16
FIQSX:
0.65%
FFRHX:
0.71%
FIQSX:
3.16%
FFRHX:
3.14%
FIQSX:
-22.19%
FFRHX:
-22.19%
FIQSX:
-0.50%
FFRHX:
-1.12%
Returns By Period
In the year-to-date period, FIQSX achieves a 0.13% return, which is significantly higher than FFRHX's -0.39% return.
FIQSX
0.13%
2.30%
1.56%
5.67%
7.67%
N/A
FFRHX
-0.39%
1.79%
0.92%
5.08%
7.50%
4.51%
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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 Rank
FIQSX
FFRHX
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.
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Dividends
FIQSX vs. FFRHX - Dividend Comparison
FIQSX's dividend yield for the trailing twelve months is around 8.14%, more than FFRHX's 7.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 8.14% | 8.39% | 8.29% | 5.13% | 3.33% | 3.91% | 5.19% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 7.47% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
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.
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Volatility
FIQSX vs. FFRHX - Volatility Comparison
Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and Fidelity Floating Rate High Income Fund (FFRHX) have volatilities of 1.07% and 1.03%, 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.
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