SCFIX vs. FFRHX
Compare and contrast key facts about Shenkman Capital Short Duration High Income Fund (SCFIX) and Fidelity Floating Rate High Income Fund (FFRHX).
SCFIX is managed by Shenkman Funds. It was launched on Oct 31, 2012. 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: SCFIX or FFRHX.
Correlation
The correlation between SCFIX and FFRHX is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SCFIX vs. FFRHX - Performance Comparison
Key characteristics
SCFIX:
4.93
FFRHX:
3.18
SCFIX:
8.26
FFRHX:
9.50
SCFIX:
2.37
FFRHX:
3.10
SCFIX:
11.49
FFRHX:
9.41
SCFIX:
51.74
FFRHX:
44.23
SCFIX:
0.14%
FFRHX:
0.18%
SCFIX:
1.42%
FFRHX:
2.54%
SCFIX:
-13.09%
FFRHX:
-22.19%
SCFIX:
0.00%
FFRHX:
-0.22%
Returns By Period
In the year-to-date period, SCFIX achieves a 1.19% return, which is significantly higher than FFRHX's 0.39% return. Over the past 10 years, SCFIX has underperformed FFRHX with an annualized return of 3.64%, while FFRHX has yielded a comparatively higher 4.76% annualized return.
SCFIX
1.19%
0.47%
2.84%
6.99%
3.90%
3.64%
FFRHX
0.39%
0.39%
4.53%
8.25%
5.58%
4.76%
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SCFIX vs. FFRHX - Expense Ratio Comparison
Both SCFIX and FFRHX have an expense ratio of 0.67%.
Risk-Adjusted Performance
SCFIX vs. FFRHX — Risk-Adjusted Performance Rank
SCFIX
FFRHX
SCFIX vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shenkman Capital Short Duration High Income Fund (SCFIX) 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
SCFIX vs. FFRHX - Dividend Comparison
SCFIX's dividend yield for the trailing twelve months is around 5.81%, less than FFRHX's 8.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCFIX Shenkman Capital Short Duration High Income Fund | 5.81% | 5.83% | 5.21% | 3.86% | 2.82% | 3.25% | 3.78% | 3.90% | 3.11% | 3.09% | 3.37% | 3.30% |
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
SCFIX vs. FFRHX - Drawdown Comparison
The maximum SCFIX drawdown since its inception was -13.09%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for SCFIX and FFRHX. For additional features, visit the drawdowns tool.
Volatility
SCFIX vs. FFRHX - Volatility Comparison
The current volatility for Shenkman Capital Short Duration High Income Fund (SCFIX) is 0.28%, while Fidelity Floating Rate High Income Fund (FFRHX) has a volatility of 0.65%. This indicates that SCFIX 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.