FSHBX vs. FFRHX
Compare and contrast key facts about Fidelity Short-Term Bond Fund (FSHBX) and Fidelity Floating Rate High Income Fund (FFRHX).
FSHBX is managed by Fidelity. It was launched on Sep 15, 1986. 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: FSHBX or FFRHX.
Correlation
The correlation between FSHBX and FFRHX is 0.13, 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.
Performance
FSHBX vs. FFRHX - Performance Comparison
Key characteristics
FSHBX:
2.68
FFRHX:
3.13
FSHBX:
4.64
FFRHX:
9.29
FSHBX:
1.73
FFRHX:
3.01
FSHBX:
5.49
FFRHX:
9.28
FSHBX:
15.34
FFRHX:
42.82
FSHBX:
0.34%
FFRHX:
0.19%
FSHBX:
1.92%
FFRHX:
2.54%
FSHBX:
-6.54%
FFRHX:
-22.19%
FSHBX:
0.00%
FFRHX:
-0.32%
Returns By Period
In the year-to-date period, FSHBX achieves a 0.36% return, which is significantly higher than FFRHX's 0.28% return. Over the past 10 years, FSHBX has underperformed FFRHX with an annualized return of 1.68%, while FFRHX has yielded a comparatively higher 4.69% annualized return.
FSHBX
0.36%
0.36%
1.51%
5.28%
1.52%
1.68%
FFRHX
0.28%
0.28%
4.30%
8.01%
5.83%
4.69%
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FSHBX vs. FFRHX - Expense Ratio Comparison
FSHBX has a 0.45% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
FSHBX vs. FFRHX — Risk-Adjusted Performance Rank
FSHBX
FFRHX
FSHBX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Fund (FSHBX) 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
FSHBX vs. FFRHX - Dividend Comparison
FSHBX's dividend yield for the trailing twelve months is around 3.69%, less than FFRHX's 8.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | 3.69% | 4.01% | 3.00% | 1.15% | 0.94% | 2.06% | 2.13% | 1.77% | 1.28% | 1.00% | 1.02% | 0.92% |
FFRHX Fidelity Floating Rate High Income Fund | 8.24% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
Drawdowns
FSHBX vs. FFRHX - Drawdown Comparison
The maximum FSHBX drawdown since its inception was -6.54%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FSHBX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FSHBX vs. FFRHX - Volatility Comparison
The current volatility for Fidelity Short-Term Bond Fund (FSHBX) is 0.39%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 0.66%. This indicates that FSHBX experiences smaller price fluctuations and is considered to be less risky than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.