ILF vs. FFRHX
ILF (iShares Latin American 40 ETF) and FFRHX (Fidelity Floating Rate High Income Fund) are both funds - ILF is a Latin America Equities fund tracking the S&P Latin America 40 Index, while FFRHX is a Bank Loan fund actively managed by Fidelity. ILF is passively managed, while FFRHX is actively managed. Over the past 10 years, ILF returned 8.34%/yr vs 4.98%/yr for FFRHX. At a 0.21 correlation, their price movements are largely independent. ILF charges 0.48%/yr vs 0.67%/yr for FFRHX.
Performance
ILF vs. FFRHX - Performance Comparison
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Returns By Period
In the year-to-date period, ILF achieves a 11.49% return, which is significantly higher than FFRHX's 1.71% return. Over the past 10 years, ILF has outperformed FFRHX with an annualized return of 8.34%, while FFRHX has yielded a comparatively lower 4.98% annualized return.
ILF
- 1D
- -1.38%
- 1M
- -2.81%
- YTD
- 11.49%
- 6M
- 10.99%
- 1Y
- 38.85%
- 3Y*
- 12.99%
- 5Y*
- 8.24%
- 10Y*
- 8.34%
FFRHX
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- 1.71%
- 6M
- 2.32%
- 1Y
- 5.89%
- 3Y*
- 7.20%
- 5Y*
- 5.40%
- 10Y*
- 4.98%
ILF vs. FFRHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ILF iShares Latin American 40 ETF | 11.49% | 52.65% | -23.11% | 33.14% | 9.81% | -13.59% | -11.71% | 13.77% | -6.85% | 26.33% |
FFRHX Fidelity Floating Rate High Income Fund | 1.71% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
Correlation
The correlation between ILF and FFRHX is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2001 | 0.21 |
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Return for Risk
ILF vs. FFRHX — Risk / Return Rank
ILF
FFRHX
ILF vs. FFRHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Latin American 40 ETF (ILF) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ILF | FFRHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.58 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.87 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 4.97 | -2.16 |
| Martin ratioReturn relative to average drawdown | 8.13 | 17.06 | -8.93 |
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Drawdowns
ILF vs. FFRHX - Drawdown Comparison
The maximum ILF drawdown since its inception was -67.48%, which is greater than FFRHX's maximum drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for ILF and FFRHX.
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Drawdown Indicators
| ILF | FFRHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.48% | -22.20% | -45.28% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -1.19% | -12.75% |
Max Drawdown (3Y)Largest decline over 3 years | -23.97% | -3.29% | -20.68% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | -5.90% | -23.81% |
Max Drawdown (10Y)Largest decline over 10 years | -57.79% | -22.20% | -35.59% |
Current DrawdownCurrent decline from peak | -10.90% | -0.44% | -10.46% |
Average DrawdownAverage peak-to-trough decline | -23.91% | -1.15% | -22.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 0.35% | +4.44% |
Volatility
ILF vs. FFRHX - Volatility Comparison
iShares Latin American 40 ETF (ILF) has a higher volatility of 6.53% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.66%. This indicates that ILF'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.
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Volatility by Period
| ILF | FFRHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 0.66% | +5.87% |
Volatility (6M)Calculated over the trailing 6-month period | 18.37% | 1.63% | +16.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.26% | 2.37% | +19.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 2.88% | +20.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.35% | 4.14% | +24.21% |
ILF vs. FFRHX - Expense Ratio Comparison
ILF has a 0.48% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Dividends
ILF vs. FFRHX - Dividend Comparison
ILF's dividend yield for the trailing twelve months is around 3.52%, less than FFRHX's 7.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 7.09% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
ILF iShares Latin American 40 ETF | 3.52% | 4.39% | 7.44% | 4.61% | 12.72% | 8.47% | 1.88% | 3.09% | 3.12% | 1.80% | 1.59% | 3.25% |
Frequently Asked Questions
ILF and FFRHX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ILF has higher volatility (6.53%) compared to FFRHX (0.66%). In terms of maximum drawdown, ILF dropped -67.48% vs FFRHX's -22.20%.
FFRHX currently has the higher Sharpe Ratio (2.50 vs 1.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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