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.
Correlation
The correlation between NFIAX and FFRHX is 0.68, 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
NFIAX vs. FFRHX - Performance Comparison
Key characteristics
NFIAX:
3.40
FFRHX:
3.23
NFIAX:
10.49
FFRHX:
9.63
NFIAX:
3.64
FFRHX:
3.12
NFIAX:
11.31
FFRHX:
9.54
NFIAX:
57.32
FFRHX:
44.98
NFIAX:
0.15%
FFRHX:
0.18%
NFIAX:
2.47%
FFRHX:
2.54%
NFIAX:
-22.18%
FFRHX:
-22.19%
NFIAX:
-0.32%
FFRHX:
-0.22%
Returns By Period
In the year-to-date period, NFIAX achieves a 0.36% return, which is significantly lower than FFRHX's 0.39% return. Over the past 10 years, NFIAX has underperformed FFRHX with an annualized return of 4.28%, while FFRHX has yielded a comparatively higher 4.75% annualized return.
NFIAX
0.36%
0.26%
3.99%
8.40%
5.43%
4.28%
FFRHX
0.39%
0.39%
4.53%
8.36%
5.58%
4.75%
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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.
Dividends
NFIAX vs. FFRHX - Dividend Comparison
NFIAX's dividend yield for the trailing twelve months is around 7.94%, less than FFRHX's 8.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NFIAX Neuberger Berman Floating Rate Income Fund | 7.94% | 8.06% | 8.28% | 5.37% | 3.36% | 3.68% | 4.72% | 4.31% | 3.41% | 3.48% | 3.78% | 3.50% |
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
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. For additional features, visit the drawdowns tool.
Volatility
NFIAX vs. FFRHX - Volatility Comparison
Neuberger Berman Floating Rate Income Fund (NFIAX) and Fidelity Floating Rate High Income Fund (FFRHX) have volatilities of 0.63% and 0.65%, 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.