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.
Key characteristics
| FSHBX | FFRHX | |
|---|---|---|
| YTD Return | 4.44% | 7.86% |
| 1Y Return | 6.38% | 9.86% |
| 3Y Return (Ann) | 1.78% | 6.31% |
| 5Y Return (Ann) | 1.63% | 5.63% |
| 10Y Return (Ann) | 1.62% | 4.58% |
| Sharpe Ratio | 3.10 | 3.83 |
| Sortino Ratio | 5.40 | 12.24 |
| Omega Ratio | 1.82 | 4.02 |
| Calmar Ratio | 3.62 | 11.41 |
| Martin Ratio | 20.41 | 60.36 |
| Ulcer Index | 0.32% | 0.16% |
| Daily Std Dev | 2.09% | 2.56% |
| Max Drawdown | -6.54% | -22.19% |
| Current Drawdown | -0.59% | 0.00% |
Correlation
The correlation between FSHBX and FFRHX is 0.12, 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
In the year-to-date period, FSHBX achieves a 4.44% return, which is significantly lower than FFRHX's 7.86% return. Over the past 10 years, FSHBX has underperformed FFRHX with an annualized return of 1.62%, while FFRHX has yielded a comparatively higher 4.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 4.00%, less than FFRHX's 8.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHBX Fidelity Short-Term Bond Fund | 4.00% | 3.00% | 1.15% | 0.94% | 2.06% | 2.13% | 1.77% | 1.28% | 1.00% | 1.02% | 0.92% | 0.82% |
FFRHX Fidelity Floating Rate High Income Fund | 8.39% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
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
Fidelity Short-Term Bond Fund (FSHBX) and Fidelity Floating Rate High Income Fund (FFRHX) have volatilities of 0.60% and 0.62%, 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.