FSMTX vs. FFRHX
Compare and contrast key facts about Fidelity SAI Total Bond Fund (FSMTX) and Fidelity Floating Rate High Income Fund (FFRHX).
FSMTX is managed by Fidelity. It was launched on Oct 25, 2018. 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: FSMTX or FFRHX.
Correlation
The correlation between FSMTX and FFRHX is 0.17, 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
FSMTX vs. FFRHX - Performance Comparison
Key characteristics
FSMTX:
1.16
FFRHX:
3.13
FSMTX:
1.72
FFRHX:
9.29
FSMTX:
1.20
FFRHX:
3.01
FSMTX:
0.52
FFRHX:
9.28
FSMTX:
3.24
FFRHX:
43.33
FSMTX:
1.80%
FFRHX:
0.18%
FSMTX:
5.03%
FFRHX:
2.54%
FSMTX:
-18.50%
FFRHX:
-22.19%
FSMTX:
-4.49%
FFRHX:
-0.32%
Returns By Period
In the year-to-date period, FSMTX achieves a 1.38% return, which is significantly higher than FFRHX's 0.28% return.
FSMTX
1.38%
1.38%
-0.02%
6.20%
0.06%
N/A
FFRHX
0.28%
0.28%
4.30%
8.13%
5.55%
4.75%
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FSMTX vs. FFRHX - Expense Ratio Comparison
FSMTX has a 0.30% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
FSMTX vs. FFRHX — Risk-Adjusted Performance Rank
FSMTX
FFRHX
FSMTX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Total Bond Fund (FSMTX) 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
FSMTX vs. FFRHX - Dividend Comparison
FSMTX's dividend yield for the trailing twelve months is around 4.65%, less than FFRHX's 8.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSMTX Fidelity SAI Total Bond Fund | 4.65% | 4.70% | 4.29% | 3.41% | 2.48% | 2.79% | 3.28% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% |
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
FSMTX vs. FFRHX - Drawdown Comparison
The maximum FSMTX drawdown since its inception was -18.50%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FSMTX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FSMTX vs. FFRHX - Volatility Comparison
Fidelity SAI Total Bond Fund (FSMTX) has a higher volatility of 1.43% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.66%. This indicates that FSMTX'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.