LFRIX vs. FFRHX
Compare and contrast key facts about Lord Abbett Floating Rate Fund (LFRIX) and Fidelity Floating Rate High Income Fund (FFRHX).
LFRIX is managed by Lord Abbett. It was launched on Dec 30, 2007. 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: LFRIX or FFRHX.
Correlation
The correlation between LFRIX and FFRHX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
LFRIX vs. FFRHX - Performance Comparison
Key characteristics
LFRIX:
3.31
FFRHX:
3.18
LFRIX:
10.75
FFRHX:
9.50
LFRIX:
3.69
FFRHX:
3.10
LFRIX:
11.63
FFRHX:
9.41
LFRIX:
57.59
FFRHX:
44.23
LFRIX:
0.15%
FFRHX:
0.18%
LFRIX:
2.57%
FFRHX:
2.54%
LFRIX:
-24.37%
FFRHX:
-22.19%
LFRIX:
-0.24%
FFRHX:
-0.22%
Returns By Period
The year-to-date returns for both investments are quite close, with LFRIX having a 0.38% return and FFRHX slightly higher at 0.39%. Over the past 10 years, LFRIX has underperformed FFRHX with an annualized return of 4.45%, while FFRHX has yielded a comparatively higher 4.76% annualized return.
LFRIX
0.38%
0.26%
4.12%
8.68%
4.74%
4.45%
FFRHX
0.39%
0.39%
4.53%
8.25%
5.58%
4.76%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
LFRIX vs. FFRHX - Expense Ratio Comparison
LFRIX has a 0.60% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
LFRIX vs. FFRHX — Risk-Adjusted Performance Rank
LFRIX
FFRHX
LFRIX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Floating Rate Fund (LFRIX) 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
LFRIX vs. FFRHX - Dividend Comparison
LFRIX's dividend yield for the trailing twelve months is around 8.31%, which matches FFRHX's 8.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 8.31% | 8.40% | 8.36% | 5.22% | 4.01% | 4.64% | 5.71% | 5.61% | 4.66% | 4.63% | 4.74% | 4.90% |
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
LFRIX vs. FFRHX - Drawdown Comparison
The maximum LFRIX drawdown since its inception was -24.37%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for LFRIX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
LFRIX vs. FFRHX - Volatility Comparison
Lord Abbett Floating Rate Fund (LFRIX) has a higher volatility of 0.72% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.65%. This indicates that LFRIX'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.