PGOVX vs. FFRHX
Compare and contrast key facts about PIMCO Long-Term U.S. Government Fund (PGOVX) and Fidelity Floating Rate High Income Fund (FFRHX).
PGOVX is managed by PIMCO. It was launched on Jan 2, 1994. 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: PGOVX or FFRHX.
Correlation
The correlation between PGOVX and FFRHX is 0.21, 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.
Performance
PGOVX vs. FFRHX - Performance Comparison
Key characteristics
PGOVX:
0.40
FFRHX:
1.70
PGOVX:
0.64
FFRHX:
2.78
PGOVX:
1.08
FFRHX:
1.67
PGOVX:
0.08
FFRHX:
1.66
PGOVX:
0.83
FFRHX:
8.36
PGOVX:
6.32%
FFRHX:
0.65%
PGOVX:
13.00%
FFRHX:
3.20%
PGOVX:
-89.85%
FFRHX:
-22.19%
PGOVX:
-61.99%
FFRHX:
-1.55%
Returns By Period
In the year-to-date period, PGOVX achieves a 2.57% return, which is significantly higher than FFRHX's -0.83% return. Over the past 10 years, PGOVX has underperformed FFRHX with an annualized return of -8.50%, while FFRHX has yielded a comparatively higher 4.49% annualized return.
PGOVX
2.57%
-0.07%
-0.60%
6.03%
-13.04%
-8.50%
FFRHX
-0.83%
-0.80%
1.26%
5.46%
7.67%
4.49%
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PGOVX vs. FFRHX - Expense Ratio Comparison
PGOVX has a 1.05% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
PGOVX vs. FFRHX — Risk-Adjusted Performance Rank
PGOVX
FFRHX
PGOVX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Long-Term U.S. Government Fund (PGOVX) 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
PGOVX vs. FFRHX - Dividend Comparison
PGOVX's dividend yield for the trailing twelve months is around 3.14%, less than FFRHX's 8.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGOVX PIMCO Long-Term U.S. Government Fund | 3.14% | 3.42% | 2.85% | 2.79% | 2.06% | 3.76% | 2.61% | 2.70% | 2.51% | 2.89% | 4.73% | 2.62% |
FFRHX Fidelity Floating Rate High Income Fund | 8.21% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
Drawdowns
PGOVX vs. FFRHX - Drawdown Comparison
The maximum PGOVX drawdown since its inception was -89.85%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for PGOVX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
PGOVX vs. FFRHX - Volatility Comparison
PIMCO Long-Term U.S. Government Fund (PGOVX) has a higher volatility of 5.69% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 2.11%. This indicates that PGOVX'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.