OOSAX vs. FFRHX
Compare and contrast key facts about Invesco Senior Floating Rate Fund (OOSAX) and Fidelity Floating Rate High Income Fund (FFRHX).
OOSAX is managed by Invesco. It was launched on Sep 7, 1999. 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: OOSAX or FFRHX.
Key characteristics
| OOSAX | FFRHX | |
|---|---|---|
| YTD Return | 6.89% | 7.97% |
| 1Y Return | 9.13% | 9.98% |
| 3Y Return (Ann) | 5.97% | 6.36% |
| 5Y Return (Ann) | 4.59% | 5.65% |
| 10Y Return (Ann) | 3.59% | 4.59% |
| Sharpe Ratio | 2.97 | 3.83 |
| Sortino Ratio | 7.67 | 12.36 |
| Omega Ratio | 2.27 | 4.13 |
| Calmar Ratio | 15.14 | 11.41 |
| Martin Ratio | 43.49 | 60.78 |
| Ulcer Index | 0.21% | 0.16% |
| Daily Std Dev | 3.07% | 2.56% |
| Max Drawdown | -32.11% | -22.19% |
| Current Drawdown | -0.15% | 0.00% |
Correlation
The correlation between OOSAX and FFRHX is 0.56, 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
OOSAX vs. FFRHX - Performance Comparison
In the year-to-date period, OOSAX achieves a 6.89% return, which is significantly lower than FFRHX's 7.97% return. Over the past 10 years, OOSAX has underperformed FFRHX with an annualized return of 3.59%, while FFRHX has yielded a comparatively higher 4.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OOSAX vs. FFRHX - Expense Ratio Comparison
OOSAX has a 1.04% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
OOSAX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Floating Rate Fund (OOSAX) 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
OOSAX vs. FFRHX - Dividend Comparison
OOSAX's dividend yield for the trailing twelve months is around 9.22%, more than FFRHX's 8.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OOSAX Invesco Senior Floating Rate Fund | 9.22% | 8.58% | 8.11% | 4.36% | 4.83% | 5.23% | 4.64% | 4.10% | 4.77% | 4.64% | 4.55% | 4.66% |
FFRHX Fidelity Floating Rate High Income Fund | 8.38% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
OOSAX vs. FFRHX - Drawdown Comparison
The maximum OOSAX drawdown since its inception was -32.11%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for OOSAX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
OOSAX vs. FFRHX - Volatility Comparison
Invesco Senior Floating Rate Fund (OOSAX) has a higher volatility of 0.69% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.62%. This indicates that OOSAX'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.