Correlation
The correlation between NFIAX and FFRHX is 0.22, 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.
NFIAX vs. FFRHX
Compare and contrast key facts about Neuberger Berman Floating Rate Income Fund (NFIAX) and Fidelity Floating Rate High Income Fund (FFRHX).
NFIAX is managed by Neuberger Berman. It was launched on Dec 28, 2009. 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: NFIAX or FFRHX.
Performance
NFIAX vs. FFRHX - Performance Comparison
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Key characteristics
NFIAX:
2.50
FFRHX:
1.98
NFIAX:
4.60
FFRHX:
2.82
NFIAX:
2.06
FFRHX:
1.66
NFIAX:
3.10
FFRHX:
1.70
NFIAX:
14.98
FFRHX:
8.23
NFIAX:
0.45%
FFRHX:
0.68%
NFIAX:
2.73%
FFRHX:
3.22%
NFIAX:
-22.18%
FFRHX:
-22.19%
NFIAX:
0.00%
FFRHX:
0.00%
Returns By Period
In the year-to-date period, NFIAX achieves a 1.31% return, which is significantly higher than FFRHX's 0.77% return. Over the past 10 years, NFIAX has underperformed FFRHX with an annualized return of 4.21%, while FFRHX has yielded a comparatively higher 4.63% annualized return.
NFIAX
1.31%
0.86%
1.63%
6.78%
8.04%
6.71%
4.21%
FFRHX
0.77%
1.11%
1.77%
6.42%
7.98%
7.06%
4.63%
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NFIAX vs. FFRHX - Expense Ratio Comparison
NFIAX has a 0.97% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
NFIAX vs. FFRHX — Risk-Adjusted Performance Rank
NFIAX
FFRHX
NFIAX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Floating Rate Income Fund (NFIAX) 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
NFIAX vs. FFRHX - Dividend Comparison
NFIAX's dividend yield for the trailing twelve months is around 7.54%, less than FFRHX's 8.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 7.54% | 8.05% | 8.26% | 5.35% | 3.34% | 3.68% | 4.73% | 4.31% | 3.41% | 3.48% | 3.78% | 3.50% |
FFRHX Fidelity Floating Rate High Income Fund | 8.03% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.05% | 3.94% | 4.25% | 4.00% |
Drawdowns
NFIAX vs. FFRHX - Drawdown Comparison
The maximum NFIAX drawdown since its inception was -22.18%, roughly equal to the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for NFIAX and FFRHX.
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Volatility
NFIAX vs. FFRHX - Volatility Comparison
The current volatility for Neuberger Berman Floating Rate Income Fund (NFIAX) is 0.45%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 0.63%. This indicates that NFIAX 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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