FIQSX vs. RPIFX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and T. Rowe Price Institutional Floating Rate Fund (RPIFX).
FIQSX is managed by Fidelity. It was launched on Oct 2, 2018. RPIFX is managed by T. Rowe Price. It was launched on Jan 30, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIQSX or RPIFX.
Key characteristics
| FIQSX | RPIFX | |
|---|---|---|
| YTD Return | 8.04% | 7.57% |
| 1Y Return | 10.05% | 10.40% |
| 3Y Return (Ann) | 6.38% | 6.52% |
| 5Y Return (Ann) | 5.69% | 5.63% |
| Sharpe Ratio | 3.80 | 3.80 |
| Sortino Ratio | 11.47 | 12.68 |
| Omega Ratio | 3.38 | 4.04 |
| Calmar Ratio | 11.50 | 14.07 |
| Martin Ratio | 60.44 | 80.25 |
| Ulcer Index | 0.16% | 0.13% |
| Daily Std Dev | 2.60% | 2.74% |
| Max Drawdown | -22.19% | -22.53% |
| Current Drawdown | 0.00% | -0.00% |
Correlation
The correlation between FIQSX and RPIFX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FIQSX vs. RPIFX - Performance Comparison
In the year-to-date period, FIQSX achieves a 8.04% return, which is significantly higher than RPIFX's 7.57% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIQSX vs. RPIFX - Expense Ratio Comparison
FIQSX has a 0.62% expense ratio, which is higher than RPIFX's 0.57% expense ratio.
Risk-Adjusted Performance
FIQSX vs. RPIFX - 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 T. Rowe Price Institutional Floating Rate Fund (RPIFX). 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. RPIFX - Dividend Comparison
FIQSX's dividend yield for the trailing twelve months is around 8.45%, less than RPIFX's 8.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 8.45% | 8.29% | 5.13% | 3.33% | 3.91% | 5.19% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RPIFX T. Rowe Price Institutional Floating Rate Fund | 8.68% | 8.66% | 5.51% | 3.95% | 4.30% | 5.12% | 5.17% | 4.32% | 4.32% | 4.46% | 4.37% | 4.21% |
Drawdowns
FIQSX vs. RPIFX - Drawdown Comparison
The maximum FIQSX drawdown since its inception was -22.19%, roughly equal to the maximum RPIFX drawdown of -22.53%. Use the drawdown chart below to compare losses from any high point for FIQSX and RPIFX. For additional features, visit the drawdowns tool.
Volatility
FIQSX vs. RPIFX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) is 0.60%, while T. Rowe Price Institutional Floating Rate Fund (RPIFX) has a volatility of 0.83%. This indicates that FIQSX experiences smaller price fluctuations and is considered to be less risky than RPIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.