RMIF vs. FFRHX

Last updated Jun 23, 2026

RMIF (LHA Risk-Managed Income ETF) and FFRHX (Fidelity Floating Rate High Income Fund) are both funds - RMIF is a Multisector Bonds fund actively managed by Little Harbor Advisors, while FFRHX is a Bank Loan fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, RMIF returned 4.89%/yr vs 7.20%/yr for FFRHX. At a 0.32 correlation, their price movements are largely independent. RMIF charges 1.38%/yr vs 0.67%/yr for FFRHX.

Performance

RMIF vs. FFRHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LHA Risk-Managed Income ETF (RMIF) and Fidelity Floating Rate High Income Fund (FFRHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMIF achieves a -0.68% return, which is significantly lower than FFRHX's 1.71% return.

RMIF

• 1D: -0.07%
• 1M: 0.42%
• YTD: -0.68%
• 6M: -0.49%
• 1Y: 3.09%
• 3Y*: 4.89%
• 5Y*: —
• 10Y*: —

FFRHX

• 1D: 0.00%
• 1M: 0.22%
• YTD: 1.71%
• 6M: 2.32%
• 1Y: 5.89%
• 3Y*: 7.20%
• 5Y*: 5.40%
• 10Y*: 4.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RMIF vs. FFRHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RMIF LHA Risk-Managed Income ETF	-0.68%	4.36%	7.00%	4.09%
FFRHX Fidelity Floating Rate High Income Fund	1.71%	5.47%	7.10%	7.59%

Correlation

The correlation between RMIF and FFRHX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 9, 2023	0.32

Return for Risk

RMIF vs. FFRHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RMIF

RMIF Risk / Return Rank: 31
RMIF Sharpe Ratio Rank: 34
RMIF Sortino Ratio Rank: 33
RMIF Omega Ratio Rank: 33
RMIF Calmar Ratio Rank: 27
RMIF Martin Ratio Rank: 26

FFRHX

FFRHX Risk / Return Rank: 92
FFRHX Sharpe Ratio Rank: 83
FFRHX Sortino Ratio Rank: 98
FFRHX Omega Ratio Rank: 97
FFRHX Calmar Ratio Rank: 94
FFRHX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RMIF vs. FFRHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LHA Risk-Managed Income ETF (RMIF) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RMIF	FFRHX	Difference
Sharpe ratio: Return per unit of total volatility	1.17	2.50	-1.33
Sortino ratio: Return per unit of downside risk	1.70	5.94	-4.24
Omega ratio: Gain probability vs. loss probability	1.22	1.87	-0.66
Calmar ratio: Return relative to maximum drawdown	1.31	4.97	-3.65
Martin ratio: Return relative to average drawdown	3.44	17.06	-13.62

RMIF vs. FFRHX - Sharpe Ratio Comparison

The current RMIF Sharpe Ratio is 1.17, which is lower than the FFRHX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of RMIF and FFRHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RMIF vs. FFRHX - Drawdown Comparison

The maximum RMIF drawdown since its inception was -3.01%, smaller than the maximum FFRHX drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for RMIF and FFRHX.

Drawdown Indicators

	RMIF	FFRHX	Difference
Max Drawdown Largest peak-to-trough decline	-3.01%	-22.20%	+19.19%
Max Drawdown (1Y) Largest decline over 1 year	-2.37%	-1.19%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-3.01%	-3.29%	+0.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-5.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-22.20%	—
Current Drawdown Current decline from peak	-1.14%	-0.44%	-0.70%
Average Drawdown Average peak-to-trough decline	-0.40%	-1.15%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	0.35%	+0.55%

Volatility

RMIF vs. FFRHX - Volatility Comparison

The current volatility for LHA Risk-Managed Income ETF (RMIF) is 0.61%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 0.66%. This indicates that RMIF 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.

Volatility by Period

	RMIF	FFRHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	0.66%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.01%	1.63%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	2.66%	2.37%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.59%	2.88%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.59%	4.14%	-1.55%

RMIF vs. FFRHX - Expense Ratio Comparison

RMIF has a 1.38% expense ratio, which is higher than FFRHX's 0.67% expense ratio.

Dividends

RMIF vs. FFRHX - Dividend Comparison

RMIF's dividend yield for the trailing twelve months is around 5.29%, less than FFRHX's 7.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFRHX Fidelity Floating Rate High Income Fund	7.09%	7.41%	6.94%	8.24%	3.81%	2.74%	3.84%	5.15%	4.74%	4.05%	4.44%	3.69%
RMIF LHA Risk-Managed Income ETF	5.29%	5.70%	6.61%	3.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RMIF and FFRHX in my portfolio?

RMIF and FFRHX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMIF or FFRHX?

FFRHX has higher volatility (0.66%) compared to RMIF (0.61%). In terms of maximum drawdown, RMIF dropped -3.01% vs FFRHX's -22.20%.

Which has better risk-adjusted returns?

FFRHX currently has the higher Sharpe Ratio (2.50 vs 1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.