Correlation
The correlation between RFRAX and FFRHX is 0.24, 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.
RFRAX vs. FFRHX
Compare and contrast key facts about Columbia Floating Rate Fund (RFRAX) and Fidelity Floating Rate High Income Fund (FFRHX).
RFRAX is managed by Columbia Threadneedle. It was launched on Feb 15, 2006. 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: RFRAX or FFRHX.
Performance
RFRAX vs. FFRHX - Performance Comparison
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Key characteristics
RFRAX:
2.41
FFRHX:
1.98
RFRAX:
4.41
FFRHX:
2.82
RFRAX:
1.93
FFRHX:
1.66
RFRAX:
2.55
FFRHX:
1.70
RFRAX:
13.01
FFRHX:
8.23
RFRAX:
0.51%
FFRHX:
0.68%
RFRAX:
2.75%
FFRHX:
3.22%
RFRAX:
-33.04%
FFRHX:
-22.19%
RFRAX:
-0.06%
FFRHX:
0.00%
Returns By Period
In the year-to-date period, RFRAX achieves a 1.44% return, which is significantly higher than FFRHX's 0.77% return. Over the past 10 years, RFRAX has underperformed FFRHX with an annualized return of 4.16%, while FFRHX has yielded a comparatively higher 4.63% annualized return.
RFRAX
1.44%
0.97%
1.93%
5.85%
7.24%
6.48%
4.16%
FFRHX
0.77%
0.99%
1.77%
5.59%
7.98%
7.06%
4.63%
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RFRAX vs. FFRHX - Expense Ratio Comparison
RFRAX has a 1.02% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
RFRAX vs. FFRHX — Risk-Adjusted Performance Rank
RFRAX
FFRHX
RFRAX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Floating Rate Fund (RFRAX) 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.
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Dividends
RFRAX vs. FFRHX - Dividend Comparison
RFRAX's dividend yield for the trailing twelve months is around 6.89%, less than FFRHX's 7.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFRAX Columbia Floating Rate Fund | 6.89% | 8.01% | 8.28% | 4.69% | 3.08% | 4.13% | 4.85% | 4.42% | 3.54% | 3.89% | 4.13% | 3.80% |
FFRHX Fidelity Floating Rate High Income Fund | 7.34% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.05% | 3.94% | 4.25% | 4.00% |
Drawdowns
RFRAX vs. FFRHX - Drawdown Comparison
The maximum RFRAX drawdown since its inception was -33.04%, which is greater than FFRHX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for RFRAX and FFRHX.
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Volatility
RFRAX vs. FFRHX - Volatility Comparison
The current volatility for Columbia Floating Rate Fund (RFRAX) is 0.42%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 0.63%. This indicates that RFRAX experiences smaller price fluctuations and is considered to be less risky than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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