PLRIX vs. FFHCX
Compare and contrast key facts about PIMCO Long Duration Total Return Fund (PLRIX) and Fidelity Series Floating Rate High Income Fund (FFHCX).
PLRIX is managed by PIMCO. It was launched on Aug 30, 2006. FFHCX is managed by Fidelity. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PLRIX or FFHCX.
Key characteristics
| PLRIX | FFHCX | |
|---|---|---|
| YTD Return | -0.54% | 8.78% |
| 1Y Return | 11.96% | 10.76% |
| 3Y Return (Ann) | -8.91% | 7.13% |
| 5Y Return (Ann) | -5.75% | 6.42% |
| 10Y Return (Ann) | -0.98% | 5.14% |
| Sharpe Ratio | 1.01 | 3.70 |
| Sortino Ratio | 1.50 | 11.41 |
| Omega Ratio | 1.18 | 3.41 |
| Calmar Ratio | 0.30 | 11.94 |
| Martin Ratio | 3.23 | 56.38 |
| Ulcer Index | 3.71% | 0.19% |
| Daily Std Dev | 11.81% | 2.86% |
| Max Drawdown | -43.91% | -21.45% |
| Current Drawdown | -33.35% | 0.00% |
Correlation
The correlation between PLRIX and FFHCX is 0.02, 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
PLRIX vs. FFHCX - Performance Comparison
In the year-to-date period, PLRIX achieves a -0.54% return, which is significantly lower than FFHCX's 8.78% return. Over the past 10 years, PLRIX has underperformed FFHCX with an annualized return of -0.98%, while FFHCX has yielded a comparatively higher 5.14% 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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PLRIX vs. FFHCX - Expense Ratio Comparison
PLRIX has a 0.50% expense ratio, which is higher than FFHCX's 0.00% expense ratio.
Risk-Adjusted Performance
PLRIX vs. FFHCX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Long Duration Total Return Fund (PLRIX) and Fidelity Series Floating Rate High Income Fund (FFHCX). 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
PLRIX vs. FFHCX - Dividend Comparison
PLRIX's dividend yield for the trailing twelve months is around 3.47%, less than FFHCX's 9.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLRIX PIMCO Long Duration Total Return Fund | 3.47% | 3.49% | 4.39% | 3.61% | 3.89% | 3.60% | 4.02% | 4.05% | 4.69% | 5.64% | 3.81% | 4.15% |
FFHCX Fidelity Series Floating Rate High Income Fund | 9.83% | 9.47% | 5.91% | 4.31% | 4.61% | 5.94% | 6.69% | 4.79% | 4.42% | 5.15% | 8.23% | 4.40% |
Drawdowns
PLRIX vs. FFHCX - Drawdown Comparison
The maximum PLRIX drawdown since its inception was -43.91%, which is greater than FFHCX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for PLRIX and FFHCX. For additional features, visit the drawdowns tool.
Volatility
PLRIX vs. FFHCX - Volatility Comparison
PIMCO Long Duration Total Return Fund (PLRIX) has a higher volatility of 4.13% compared to Fidelity Series Floating Rate High Income Fund (FFHCX) at 0.69%. This indicates that PLRIX's price experiences larger fluctuations and is considered to be riskier than FFHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.