ILF vs. FFRHX
Compare and contrast key facts about iShares Latin American 40 ETF (ILF) and Fidelity Floating Rate High Income Fund (FFRHX).
ILF is a passively managed fund by iShares that tracks the performance of the S&P Latin America 40 Index. It was launched on Oct 25, 2001. 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: ILF or FFRHX.
Key characteristics
| ILF | FFRHX | |
|---|---|---|
| YTD Return | -13.14% | 7.63% |
| 1Y Return | -2.12% | 9.75% |
| 3Y Return (Ann) | 8.04% | 6.25% |
| 5Y Return (Ann) | 0.13% | 5.58% |
| 10Y Return (Ann) | 0.61% | 4.55% |
| Sharpe Ratio | -0.04 | 3.74 |
| Sortino Ratio | 0.07 | 11.95 |
| Omega Ratio | 1.01 | 3.95 |
| Calmar Ratio | -0.02 | 11.14 |
| Martin Ratio | -0.09 | 58.91 |
| Ulcer Index | 8.05% | 0.16% |
| Daily Std Dev | 18.01% | 2.56% |
| Max Drawdown | -67.48% | -22.20% |
| Current Drawdown | -26.23% | -0.11% |
Correlation
The correlation between ILF and FFRHX is 0.21, 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
ILF vs. FFRHX - Performance Comparison
In the year-to-date period, ILF achieves a -13.14% return, which is significantly lower than FFRHX's 7.63% return. Over the past 10 years, ILF has underperformed FFRHX with an annualized return of 0.61%, while FFRHX has yielded a comparatively higher 4.55% 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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ILF vs. FFRHX - Expense Ratio Comparison
ILF has a 0.48% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
ILF vs. FFRHX - Risk-Adjusted Performance 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.
Dividends
ILF vs. FFRHX - Dividend Comparison
ILF's dividend yield for the trailing twelve months is around 6.19%, less than FFRHX's 8.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ILF iShares Latin American 40 ETF | 6.19% | 4.61% | 12.72% | 8.47% | 1.88% | 3.09% | 3.12% | 1.80% | 1.59% | 3.24% | 2.31% | 3.30% |
FFRHX Fidelity Floating Rate High Income Fund | 8.41% | 8.23% | 5.06% | 3.26% | 3.84% | 5.15% | 4.72% | 4.05% | 3.94% | 4.25% | 4.00% | 3.46% |
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. For additional features, visit the drawdowns tool.
Volatility
ILF vs. FFRHX - Volatility Comparison
iShares Latin American 40 ETF (ILF) has a higher volatility of 4.02% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.60%. 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.