Correlation
The correlation between RSFYX and FFRHX is 0.27, 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.
RSFYX vs. FFRHX
Compare and contrast key facts about Victory Floating Rate Fund (RSFYX) and Fidelity Floating Rate High Income Fund (FFRHX).
RSFYX is managed by Victory Capital. It was launched on Dec 30, 2009. 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: RSFYX or FFRHX.
Performance
RSFYX vs. FFRHX - Performance Comparison
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Key characteristics
RSFYX:
2.10
FFRHX:
1.98
RSFYX:
3.30
FFRHX:
2.82
RSFYX:
1.64
FFRHX:
1.66
RSFYX:
2.67
FFRHX:
1.70
RSFYX:
11.65
FFRHX:
8.23
RSFYX:
0.63%
FFRHX:
0.68%
RSFYX:
3.73%
FFRHX:
3.22%
RSFYX:
-21.41%
FFRHX:
-22.19%
RSFYX:
-0.40%
FFRHX:
0.00%
Returns By Period
In the year-to-date period, RSFYX achieves a 1.39% return, which is significantly higher than FFRHX's 0.77% return. Over the past 10 years, RSFYX has underperformed FFRHX with an annualized return of 4.11%, while FFRHX has yielded a comparatively higher 4.63% annualized return.
RSFYX
1.39%
0.38%
2.09%
7.76%
5.81%
5.74%
4.11%
FFRHX
0.77%
1.11%
1.77%
6.42%
7.98%
7.06%
4.63%
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RSFYX vs. FFRHX - Expense Ratio Comparison
RSFYX has a 0.79% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
RSFYX vs. FFRHX — Risk-Adjusted Performance Rank
RSFYX
FFRHX
RSFYX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Floating Rate Fund (RSFYX) 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
RSFYX vs. FFRHX - Dividend Comparison
RSFYX's dividend yield for the trailing twelve months is around 9.73%, more than FFRHX's 8.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSFYX Victory Floating Rate Fund | 9.73% | 9.07% | 9.96% | 6.26% | 4.19% | 5.47% | 6.11% | 5.92% | 5.10% | 4.99% | 5.34% | 4.49% |
FFRHX Fidelity Floating Rate High Income Fund | 8.03% | 8.33% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.05% | 3.94% | 4.25% | 4.00% |
Drawdowns
RSFYX vs. FFRHX - Drawdown Comparison
The maximum RSFYX drawdown since its inception was -21.41%, roughly equal to the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for RSFYX and FFRHX.
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Volatility
RSFYX vs. FFRHX - Volatility Comparison
Victory Floating Rate Fund (RSFYX) has a higher volatility of 0.85% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.63%. This indicates that RSFYX's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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