FVIAX vs. FFRHX
Compare and contrast key facts about Fidelity Advisor Government Income Fund Class A (FVIAX) and Fidelity Floating Rate High Income Fund (FFRHX).
FVIAX is managed by Fidelity. It was launched on Oct 24, 2006. 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: FVIAX or FFRHX.
Correlation
The correlation between FVIAX and FFRHX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FVIAX vs. FFRHX - Performance Comparison
Key characteristics
FVIAX:
0.62
FFRHX:
3.27
FVIAX:
0.92
FFRHX:
9.76
FVIAX:
1.11
FFRHX:
3.15
FVIAX:
0.19
FFRHX:
9.68
FVIAX:
1.37
FFRHX:
45.87
FVIAX:
2.42%
FFRHX:
0.18%
FVIAX:
5.35%
FFRHX:
2.54%
FVIAX:
-21.37%
FFRHX:
-22.19%
FVIAX:
-13.44%
FFRHX:
-0.22%
Returns By Period
In the year-to-date period, FVIAX achieves a 0.90% return, which is significantly higher than FFRHX's 0.39% return. Over the past 10 years, FVIAX has underperformed FFRHX with an annualized return of 0.15%, while FFRHX has yielded a comparatively higher 4.76% annualized return.
FVIAX
0.90%
1.01%
-1.30%
3.44%
-1.67%
0.15%
FFRHX
0.39%
0.39%
4.53%
8.36%
5.58%
4.76%
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FVIAX vs. FFRHX - Expense Ratio Comparison
FVIAX has a 0.77% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
FVIAX vs. FFRHX — Risk-Adjusted Performance Rank
FVIAX
FFRHX
FVIAX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class A (FVIAX) 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
FVIAX vs. FFRHX - Dividend Comparison
FVIAX's dividend yield for the trailing twelve months is around 3.41%, less than FFRHX's 8.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVIAX Fidelity Advisor Government Income Fund Class A | 3.41% | 3.39% | 2.23% | 1.17% | 0.48% | 0.79% | 1.78% | 1.76% | 1.47% | 1.32% | 2.12% | 1.57% |
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
FVIAX vs. FFRHX - Drawdown Comparison
The maximum FVIAX drawdown since its inception was -21.37%, roughly equal to the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FVIAX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
FVIAX vs. FFRHX - Volatility Comparison
Fidelity Advisor Government Income Fund Class A (FVIAX) has a higher volatility of 1.25% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.66%. This indicates that FVIAX'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.