FIQSX vs. TFLR
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and T. Rowe Price Floating Rate ETF (TFLR).
FIQSX is managed by Fidelity. It was launched on Oct 2, 2018. TFLR is an actively managed fund by T. Rowe Price. It was launched on Nov 16, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIQSX or TFLR.
Performance
FIQSX vs. TFLR - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with FIQSX having a 8.39% return and TFLR slightly lower at 8.06%.
FIQSX
8.39%
1.01%
4.49%
10.17%
5.80%
N/A
TFLR
8.06%
1.04%
4.41%
10.20%
N/A
N/A
Key characteristics
| FIQSX | TFLR | |
|---|---|---|
| Sharpe Ratio | 3.89 | 3.99 |
| Sortino Ratio | 11.83 | 6.32 |
| Omega Ratio | 3.51 | 1.96 |
| Calmar Ratio | 11.77 | 9.69 |
| Martin Ratio | 62.30 | 58.06 |
| Ulcer Index | 0.16% | 0.18% |
| Daily Std Dev | 2.59% | 2.56% |
| Max Drawdown | -22.19% | -1.48% |
| Current Drawdown | 0.00% | 0.00% |
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FIQSX vs. TFLR - Expense Ratio Comparison
FIQSX has a 0.62% expense ratio, which is higher than TFLR's 0.60% expense ratio.
Correlation
The correlation between FIQSX and TFLR is 0.16, 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.
Risk-Adjusted Performance
FIQSX vs. TFLR - 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 Floating Rate ETF (TFLR). 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. TFLR - Dividend Comparison
FIQSX's dividend yield for the trailing twelve months is around 8.43%, more than TFLR's 8.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 8.43% | 8.29% | 5.13% | 3.33% | 3.91% | 5.19% | 1.37% |
TFLR T. Rowe Price Floating Rate ETF | 8.20% | 7.76% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FIQSX vs. TFLR - Drawdown Comparison
The maximum FIQSX drawdown since its inception was -22.19%, which is greater than TFLR's maximum drawdown of -1.48%. Use the drawdown chart below to compare losses from any high point for FIQSX and TFLR. For additional features, visit the drawdowns tool.
Volatility
FIQSX vs. TFLR - Volatility Comparison
Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) has a higher volatility of 0.60% compared to T. Rowe Price Floating Rate ETF (TFLR) at 0.38%. This indicates that FIQSX's price experiences larger fluctuations and is considered to be riskier than TFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.