FTHRX vs. FFRHX
Compare and contrast key facts about Fidelity Intermediate Bond Fund (FTHRX) and Fidelity Floating Rate High Income Fund (FFRHX).
FTHRX is managed by Fidelity. It was launched on May 23, 1975. 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: FTHRX or FFRHX.
Performance
FTHRX vs. FFRHX - Performance Comparison
Returns By Period
In the year-to-date period, FTHRX achieves a 3.10% return, which is significantly lower than FFRHX's 8.09% return. Over the past 10 years, FTHRX has underperformed FFRHX with an annualized return of 1.60%, while FFRHX has yielded a comparatively higher 4.61% annualized return.
FTHRX
3.10%
-1.07%
2.91%
6.23%
0.52%
1.60%
FFRHX
8.09%
0.89%
4.24%
9.98%
5.70%
4.61%
Key characteristics
| FTHRX | FFRHX | |
|---|---|---|
| Sharpe Ratio | 1.61 | 3.88 |
| Sortino Ratio | 2.50 | 12.50 |
| Omega Ratio | 1.31 | 4.16 |
| Calmar Ratio | 0.64 | 11.54 |
| Martin Ratio | 6.10 | 61.50 |
| Ulcer Index | 0.98% | 0.16% |
| Daily Std Dev | 3.73% | 2.56% |
| Max Drawdown | -13.96% | -22.19% |
| Current Drawdown | -3.79% | 0.00% |
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FTHRX vs. FFRHX - Expense Ratio Comparison
FTHRX has a 0.45% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Correlation
The correlation between FTHRX and FFRHX is 0.10, 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.
Risk-Adjusted Performance
FTHRX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Intermediate Bond Fund (FTHRX) 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
FTHRX vs. FFRHX - Dividend Comparison
FTHRX's dividend yield for the trailing twelve months is around 3.52%, less than FFRHX's 8.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTHRX Fidelity Intermediate Bond Fund | 3.52% | 2.94% | 2.04% | 1.60% | 2.19% | 2.50% | 2.47% | 2.20% | 2.21% | 2.58% | 2.35% | 2.21% |
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
FTHRX vs. FFRHX - Drawdown Comparison
The maximum FTHRX drawdown since its inception was -13.96%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FTHRX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FTHRX vs. FFRHX - Volatility Comparison
Fidelity Intermediate Bond Fund (FTHRX) has a higher volatility of 0.97% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.61%. This indicates that FTHRX'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.