RMIF vs. FFRHX
Compare and contrast key facts about LHA Risk-Managed Income ETF (RMIF) and Fidelity Floating Rate High Income Fund (FFRHX).
RMIF is an actively managed fund by Little Harbor Advisors. It was launched on Jun 8, 2023. 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: RMIF or FFRHX.
Correlation
The correlation between RMIF and FFRHX is 0.29, 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
RMIF vs. FFRHX - Performance Comparison
Key characteristics
RMIF:
3.63
FFRHX:
3.27
RMIF:
5.42
FFRHX:
9.76
RMIF:
1.84
FFRHX:
3.15
RMIF:
6.23
FFRHX:
9.68
RMIF:
38.63
FFRHX:
45.87
RMIF:
0.21%
FFRHX:
0.18%
RMIF:
2.24%
FFRHX:
2.54%
RMIF:
-1.33%
FFRHX:
-22.19%
RMIF:
0.00%
FFRHX:
-0.22%
Returns By Period
In the year-to-date period, RMIF achieves a 0.95% return, which is significantly higher than FFRHX's 0.39% return.
RMIF
0.95%
0.33%
3.94%
7.67%
N/A
N/A
FFRHX
0.39%
0.39%
4.64%
8.36%
5.58%
4.76%
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RMIF vs. FFRHX - Expense Ratio Comparison
RMIF has a 1.38% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
RMIF vs. FFRHX — Risk-Adjusted Performance Rank
RMIF
FFRHX
RMIF vs. FFRHX - Risk-Adjusted Performance 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.
Dividends
RMIF vs. FFRHX - Dividend Comparison
RMIF's dividend yield for the trailing twelve months is around 6.52%, less than FFRHX's 8.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMIF LHA Risk-Managed Income ETF | 6.52% | 6.62% | 3.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 8.24% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% |
Drawdowns
RMIF vs. FFRHX - Drawdown Comparison
The maximum RMIF drawdown since its inception was -1.33%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for RMIF and FFRHX. For additional features, visit the drawdowns tool.
Volatility
RMIF vs. FFRHX - Volatility Comparison
The current volatility for LHA Risk-Managed Income ETF (RMIF) is 0.47%, 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.