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.
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.
Performance
FSAHX vs. FFRHX - Performance Comparison
Key characteristics
FSAHX:
4.07
FFRHX:
4.11
FSAHX:
7.53
FFRHX:
13.83
FSAHX:
2.18
FFRHX:
4.25
FSAHX:
9.44
FFRHX:
13.59
FSAHX:
35.33
FFRHX:
69.80
FSAHX:
0.30%
FFRHX:
0.17%
FSAHX:
2.60%
FFRHX:
2.84%
FSAHX:
-16.77%
FFRHX:
-22.19%
FSAHX:
0.00%
FFRHX:
-0.11%
Returns By Period
Over the past 10 years, FSAHX has underperformed FFRHX with an annualized return of 4.43%, while FFRHX has yielded a comparatively higher 5.58% annualized return.
FSAHX
0.45%
1.04%
5.15%
10.77%
4.67%
4.43%
FFRHX
0.00%
0.66%
6.06%
11.74%
6.72%
5.58%
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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.
Risk-Adjusted Performance
FSAHX vs. FFRHX — Risk-Adjusted Performance Rank
FSAHX
FFRHX
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 7.91%, less than FFRHX's 11.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAHX Fidelity Short Duration High Income Fund | 7.91% | 7.94% | 7.36% | 5.48% | 3.39% | 3.48% | 4.23% | 5.24% | 4.11% | 4.31% | 4.83% | 3.61% |
FFRHX Fidelity Floating Rate High Income Fund | 11.06% | 11.06% | 10.34% | 6.41% | 3.27% | 3.85% | 5.17% | 5.50% | 4.01% | 3.94% | 4.25% | 4.00% |
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) has a higher volatility of 0.95% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.75%. This indicates that FSAHX'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.