PLFRX vs. FFRHX
Compare and contrast key facts about Pacific Funds Floating Rate Income (PLFRX) and Fidelity Floating Rate High Income Fund (FFRHX).
PLFRX is managed by Pacific Funds Series Trust. It was launched on Jun 29, 2011. 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: PLFRX or FFRHX.
Key characteristics
| PLFRX | FFRHX | |
|---|---|---|
| YTD Return | 5.52% | 5.83% |
| 1Y Return | 9.25% | 8.30% |
| 3Y Return (Ann) | 6.47% | 6.00% |
| 5Y Return (Ann) | 5.28% | 5.18% |
| 10Y Return (Ann) | 4.53% | 4.38% |
| Sharpe Ratio | 3.49 | 3.25 |
| Daily Std Dev | 2.69% | 2.57% |
| Max Drawdown | -18.75% | -22.20% |
| Current Drawdown | -0.00% | 0.00% |
Correlation
The correlation between PLFRX and FFRHX is 0.59, 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
PLFRX vs. FFRHX - Performance Comparison
In the year-to-date period, PLFRX achieves a 5.52% return, which is significantly lower than FFRHX's 5.83% return. Both investments have delivered pretty close results over the past 10 years, with PLFRX having a 4.53% annualized return and FFRHX not far behind at 4.38%. 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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PLFRX vs. FFRHX - Expense Ratio Comparison
PLFRX has a 0.68% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
PLFRX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Floating Rate Income (PLFRX) 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
PLFRX vs. FFRHX - Dividend Comparison
PLFRX's dividend yield for the trailing twelve months is around 8.93%, more than FFRHX's 8.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLFRX Pacific Funds Floating Rate Income | 8.93% | 8.92% | 5.64% | 4.22% | 4.05% | 5.12% | 5.08% | 4.46% | 4.21% | 4.52% | 4.85% | 3.91% |
FFRHX Fidelity Floating Rate High Income Fund | 8.51% | 8.23% | 5.06% | 3.26% | 3.84% | 5.15% | 4.72% | 4.05% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
PLFRX vs. FFRHX - Drawdown Comparison
The maximum PLFRX drawdown since its inception was -18.75%, smaller than the maximum FFRHX drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for PLFRX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
PLFRX vs. FFRHX - Volatility Comparison
Pacific Funds Floating Rate Income (PLFRX) and Fidelity Floating Rate High Income Fund (FFRHX) have volatilities of 0.63% and 0.64%, 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.