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FIQSX vs. PFFD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FIQSXPFFD
YTD Return8.16%11.89%
1Y Return10.17%19.20%
3Y Return (Ann)6.44%-1.14%
5Y Return (Ann)5.71%2.09%
Sharpe Ratio3.752.30
Sortino Ratio11.333.25
Omega Ratio3.361.42
Calmar Ratio11.360.99
Martin Ratio60.1212.41
Ulcer Index0.16%1.60%
Daily Std Dev2.60%8.64%
Max Drawdown-22.19%-30.93%
Current Drawdown0.00%-4.66%

Correlation

-0.50.00.51.00.3

The correlation between FIQSX and PFFD is 0.27, 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. PFFD - Performance Comparison

In the year-to-date period, FIQSX achieves a 8.16% return, which is significantly lower than PFFD's 11.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.16%
8.71%
FIQSX
PFFD

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FIQSX vs. PFFD - Expense Ratio Comparison

FIQSX has a 0.62% expense ratio, which is higher than PFFD's 0.23% expense ratio.


FIQSX
Fidelity Advisor Floating Rate High Income Fund Class Z
Expense ratio chart for FIQSX: current value at 0.62% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.62%
Expense ratio chart for PFFD: current value at 0.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.23%

Risk-Adjusted Performance

FIQSX vs. PFFD - 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 Global X U.S. Preferred ETF (PFFD). 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.


FIQSX
Sharpe ratio
The chart of Sharpe ratio for FIQSX, currently valued at 3.75, compared to the broader market0.002.004.003.75
Sortino ratio
The chart of Sortino ratio for FIQSX, currently valued at 11.33, compared to the broader market0.005.0010.0011.33
Omega ratio
The chart of Omega ratio for FIQSX, currently valued at 3.36, compared to the broader market1.002.003.004.003.36
Calmar ratio
The chart of Calmar ratio for FIQSX, currently valued at 11.36, compared to the broader market0.005.0010.0015.0020.0025.0011.36
Martin ratio
The chart of Martin ratio for FIQSX, currently valued at 60.12, compared to the broader market0.0020.0040.0060.0080.00100.0060.12
PFFD
Sharpe ratio
The chart of Sharpe ratio for PFFD, currently valued at 1.98, compared to the broader market0.002.004.001.98
Sortino ratio
The chart of Sortino ratio for PFFD, currently valued at 2.81, compared to the broader market0.005.0010.002.81
Omega ratio
The chart of Omega ratio for PFFD, currently valued at 1.37, compared to the broader market1.002.003.004.001.37
Calmar ratio
The chart of Calmar ratio for PFFD, currently valued at 0.90, compared to the broader market0.005.0010.0015.0020.0025.000.90
Martin ratio
The chart of Martin ratio for PFFD, currently valued at 10.53, compared to the broader market0.0020.0040.0060.0080.00100.0010.53

FIQSX vs. PFFD - Sharpe Ratio Comparison

The current FIQSX Sharpe Ratio is 3.75, which is higher than the PFFD Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of FIQSX and PFFD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
3.75
1.98
FIQSX
PFFD

Dividends

FIQSX vs. PFFD - Dividend Comparison

FIQSX's dividend yield for the trailing twelve months is around 8.44%, more than PFFD's 6.11% yield.


TTM2023202220212020201920182017
FIQSX
Fidelity Advisor Floating Rate High Income Fund Class Z
8.44%8.29%5.13%3.33%3.91%5.19%1.37%0.00%
PFFD
Global X U.S. Preferred ETF
6.11%6.49%6.63%5.09%5.19%5.49%6.22%1.94%

Drawdowns

FIQSX vs. PFFD - Drawdown Comparison

The maximum FIQSX drawdown since its inception was -22.19%, smaller than the maximum PFFD drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for FIQSX and PFFD. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-4.66%
FIQSX
PFFD

Volatility

FIQSX vs. PFFD - Volatility Comparison

The current volatility for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) is 0.61%, while Global X U.S. Preferred ETF (PFFD) has a volatility of 2.82%. This indicates that FIQSX experiences smaller price fluctuations and is considered to be less risky than PFFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%JuneJulyAugustSeptemberOctoberNovember
0.61%
2.82%
FIQSX
PFFD