Correlation
The correlation between LFRIX 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.
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.
Performance
LFRIX vs. FFRHX - Performance Comparison
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Key characteristics
LFRIX:
2.28
FFRHX:
1.98
LFRIX:
4.10
FFRHX:
3.23
LFRIX:
1.93
FFRHX:
1.76
LFRIX:
2.56
FFRHX:
1.95
LFRIX:
11.81
FFRHX:
9.42
LFRIX:
0.56%
FFRHX:
0.68%
LFRIX:
2.89%
FFRHX:
3.22%
LFRIX:
-24.37%
FFRHX:
-22.19%
LFRIX:
0.00%
FFRHX:
0.00%
Returns By Period
In the year-to-date period, LFRIX achieves a 1.23% return, which is significantly higher than FFRHX's 0.77% return. Over the past 10 years, LFRIX has underperformed FFRHX with an annualized return of 4.35%, while FFRHX has yielded a comparatively higher 4.62% annualized return.
LFRIX
1.23%
1.78%
2.44%
6.63%
8.17%
7.18%
4.35%
FFRHX
0.77%
1.61%
1.77%
6.42%
8.13%
7.06%
4.62%
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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.
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Dividends
LFRIX vs. FFRHX - Dividend Comparison
LFRIX's dividend yield for the trailing twelve months is around 8.06%, which matches FFRHX's 8.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LFRIX Lord Abbett Floating Rate Fund | 8.06% | 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 | 8.03% | 8.33% | 8.23% | 5.06% | 3.26% | 3.84% | 5.15% | 4.72% | 4.05% | 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.
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Volatility
LFRIX vs. FFRHX - Volatility Comparison
The current volatility for Lord Abbett Floating Rate Fund (LFRIX) is 0.65%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 0.77%. This indicates that LFRIX experiences smaller price fluctuations and is considered to be less risky than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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