MFHVX vs. FFRHX
Compare and contrast key facts about Mesirow High Yield Fund (MFHVX) and Fidelity Floating Rate High Income Fund (FFRHX).
MFHVX is managed by Mesirow. It was launched on Dec 3, 2018. 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: MFHVX or FFRHX.
Performance
MFHVX vs. FFRHX - Performance Comparison
Returns By Period
In the year-to-date period, MFHVX achieves a 9.31% return, which is significantly higher than FFRHX's 8.09% return.
MFHVX
9.31%
0.40%
4.42%
13.12%
5.04%
N/A
FFRHX
8.09%
0.89%
4.24%
9.98%
5.70%
4.61%
Key characteristics
| MFHVX | FFRHX | |
|---|---|---|
| Sharpe Ratio | 5.20 | 3.88 |
| Sortino Ratio | 8.87 | 12.50 |
| Omega Ratio | 2.47 | 4.16 |
| Calmar Ratio | 2.91 | 11.54 |
| Martin Ratio | 59.27 | 61.50 |
| Ulcer Index | 0.22% | 0.16% |
| Daily Std Dev | 2.52% | 2.55% |
| Max Drawdown | -20.95% | -22.19% |
| Current Drawdown | -0.23% | 0.00% |
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MFHVX vs. FFRHX - Expense Ratio Comparison
MFHVX has a 1.43% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Correlation
The correlation between MFHVX and FFRHX is 0.51, 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.
Risk-Adjusted Performance
MFHVX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesirow High Yield Fund (MFHVX) 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
MFHVX vs. FFRHX - Dividend Comparison
MFHVX's dividend yield for the trailing twelve months is around 9.30%, more than FFRHX's 8.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MFHVX Mesirow High Yield Fund | 9.30% | 9.67% | 8.96% | 6.49% | 7.00% | 6.79% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 8.37% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
MFHVX vs. FFRHX - Drawdown Comparison
The maximum MFHVX drawdown since its inception was -20.95%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for MFHVX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
MFHVX vs. FFRHX - Volatility Comparison
Mesirow High Yield Fund (MFHVX) and Fidelity Floating Rate High Income Fund (FFRHX) have volatilities of 0.60% and 0.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.