FNMIX vs. FFRHX
Compare and contrast key facts about Fidelity New Markets Income Fund (FNMIX) and Fidelity Floating Rate High Income Fund (FFRHX).
FNMIX is managed by Fidelity. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Performance
FNMIX vs. FFRHX - Performance Comparison
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FNMIX vs. FFRHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | -1.02% | 14.86% | 6.80% | 14.00% | -16.09% | -2.42% | 4.62% | 10.93% | -7.77% | 10.16% |
FFRHX Fidelity Floating Rate High Income Fund | -0.61% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
Returns By Period
In the year-to-date period, FNMIX achieves a -1.02% return, which is significantly lower than FFRHX's -0.61% return. Over the past 10 years, FNMIX has underperformed FFRHX with an annualized return of 3.90%, while FFRHX has yielded a comparatively higher 4.98% annualized return.
FNMIX
- 1D
- -0.15%
- 1M
- -3.77%
- YTD
- -1.02%
- 6M
- 2.67%
- 1Y
- 10.54%
- 3Y*
- 10.89%
- 5Y*
- 3.53%
- 10Y*
- 3.90%
FFRHX
- 1D
- -0.11%
- 1M
- 0.11%
- YTD
- -0.61%
- 6M
- 0.66%
- 1Y
- 4.54%
- 3Y*
- 7.04%
- 5Y*
- 5.20%
- 10Y*
- 4.98%
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FNMIX vs. FFRHX - Expense Ratio Comparison
FNMIX has a 0.80% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Return for Risk
FNMIX vs. FFRHX — Risk / Return Rank
FNMIX
FFRHX
FNMIX vs. FFRHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Markets Income Fund (FNMIX) 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.
| FNMIX | FFRHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.51 | +0.57 |
Sortino ratioReturn per unit of downside risk | 2.89 | 2.14 | +0.75 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.50 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.71 | +0.41 |
Martin ratioReturn relative to average drawdown | 9.40 | 8.28 | +1.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNMIX | FFRHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.51 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 1.84 | -1.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 1.21 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.13 | -0.34 |
Correlation
The correlation between FNMIX and FFRHX is 0.36, 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.
Dividends
FNMIX vs. FFRHX - Dividend Comparison
FNMIX's dividend yield for the trailing twelve months is around 4.66%, less than FFRHX's 6.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMIX Fidelity New Markets Income Fund | 4.66% | 5.07% | 4.71% | 5.15% | 3.93% | 3.48% | 4.06% | 4.87% | 4.98% | 5.77% | 6.93% | 4.95% |
FFRHX Fidelity Floating Rate High Income Fund | 6.75% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
Drawdowns
FNMIX vs. FFRHX - Drawdown Comparison
The maximum FNMIX drawdown since its inception was -42.76%, which is greater than FFRHX's maximum drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for FNMIX and FFRHX.
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Drawdown Indicators
| FNMIX | FFRHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -22.20% | -20.56% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -2.74% | -2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -27.16% | -5.90% | -21.26% |
Max Drawdown (10Y)Largest decline over 10 years | -27.16% | -22.20% | -4.96% |
Current DrawdownCurrent decline from peak | -3.85% | -0.83% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -5.72% | -1.16% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.59% | +0.57% |
Volatility
FNMIX vs. FFRHX - Volatility Comparison
Fidelity New Markets Income Fund (FNMIX) has a higher volatility of 1.70% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.66%. This indicates that FNMIX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNMIX | FFRHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.66% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 1.61% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.25% | 3.32% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.55% | 2.84% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 4.13% | +2.81% |