MGHYX vs. FFRHX
Compare and contrast key facts about DWS Global High Income Fund (MGHYX) and Fidelity Floating Rate High Income Fund (FFRHX).
MGHYX is managed by DWS. It was launched on Mar 16, 1998. 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: MGHYX or FFRHX.
Correlation
The correlation between MGHYX and FFRHX is 0.53, 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
MGHYX vs. FFRHX - Performance Comparison
Key characteristics
MGHYX:
2.23
FFRHX:
3.25
MGHYX:
3.49
FFRHX:
9.70
MGHYX:
1.51
FFRHX:
3.33
MGHYX:
3.96
FFRHX:
9.27
MGHYX:
13.94
FFRHX:
42.33
MGHYX:
0.51%
FFRHX:
0.19%
MGHYX:
3.21%
FFRHX:
2.45%
MGHYX:
-38.52%
FFRHX:
-22.20%
MGHYX:
-1.44%
FFRHX:
-0.41%
Returns By Period
Over the past 10 years, MGHYX has outperformed FFRHX with an annualized return of 5.37%, while FFRHX has yielded a comparatively lower 4.78% annualized return.
MGHYX
-0.32%
-1.12%
2.90%
6.98%
4.93%
5.37%
FFRHX
0.00%
-0.32%
3.84%
7.90%
5.28%
4.78%
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MGHYX vs. FFRHX - Expense Ratio Comparison
MGHYX has a 0.60% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
MGHYX vs. FFRHX — Risk-Adjusted Performance Rank
MGHYX
FFRHX
MGHYX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Global High Income Fund (MGHYX) 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
MGHYX vs. FFRHX - Dividend Comparison
MGHYX's dividend yield for the trailing twelve months is around 5.57%, less than FFRHX's 7.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGHYX DWS Global High Income Fund | 5.57% | 5.55% | 9.69% | 8.92% | 4.55% | 6.82% | 4.75% | 5.95% | 4.99% | 4.96% | 5.57% | 6.19% |
FFRHX Fidelity Floating Rate High Income Fund | 7.67% | 7.67% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
Drawdowns
MGHYX vs. FFRHX - Drawdown Comparison
The maximum MGHYX drawdown since its inception was -38.52%, which is greater than FFRHX's maximum drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for MGHYX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
MGHYX vs. FFRHX - Volatility Comparison
DWS Global High Income Fund (MGHYX) has a higher volatility of 0.72% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.29%. This indicates that MGHYX'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.