FSAHX vs. FFRHX
Compare and contrast key facts about Fidelity Short Duration High Income Fund (FSAHX) and Fidelity Floating Rate High Income Fund (FFRHX).
FSAHX is managed by Fidelity. It was launched on Nov 5, 2013. 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: FSAHX or FFRHX.
Performance
FSAHX vs. FFRHX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FSAHX having a 7.73% return and FFRHX slightly higher at 8.09%. Over the past 10 years, FSAHX has underperformed FFRHX with an annualized return of 3.70%, while FFRHX has yielded a comparatively higher 4.61% annualized return.
FSAHX
7.73%
0.13%
4.77%
11.32%
3.81%
3.70%
FFRHX
8.09%
0.89%
4.24%
9.98%
5.70%
4.61%
Key characteristics
| FSAHX | FFRHX | |
|---|---|---|
| Sharpe Ratio | 4.38 | 3.88 |
| Sortino Ratio | 8.02 | 12.50 |
| Omega Ratio | 2.30 | 4.16 |
| Calmar Ratio | 9.93 | 11.54 |
| Martin Ratio | 42.10 | 61.50 |
| Ulcer Index | 0.27% | 0.16% |
| Daily Std Dev | 2.54% | 2.56% |
| Max Drawdown | -16.77% | -22.19% |
| Current Drawdown | -0.33% | 0.00% |
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FSAHX vs. FFRHX - Expense Ratio Comparison
FSAHX has a 0.75% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Correlation
The correlation between FSAHX and FFRHX is 0.58, 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.
Risk-Adjusted Performance
FSAHX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short Duration High Income Fund (FSAHX) 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.
Dividends
FSAHX vs. FFRHX - Dividend Comparison
FSAHX's dividend yield for the trailing twelve months is around 6.19%, less than FFRHX's 8.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAHX Fidelity Short Duration High Income Fund | 6.19% | 5.97% | 4.35% | 3.39% | 3.48% | 4.23% | 4.51% | 4.11% | 4.31% | 4.83% | 3.61% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 8.37% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
FSAHX vs. FFRHX - Drawdown Comparison
The maximum FSAHX drawdown since its inception was -16.77%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FSAHX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FSAHX vs. FFRHX - Volatility Comparison
Fidelity Short Duration High Income Fund (FSAHX) and Fidelity Floating Rate High Income Fund (FFRHX) have volatilities of 0.61% and 0.61%, 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.