Correlation
The correlation between SCFIX and FFRHX is 0.26, 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.
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.
Performance
SCFIX vs. FFRHX - Performance Comparison
Loading data...
Key characteristics
SCFIX:
3.35
FFRHX:
1.98
SCFIX:
4.63
FFRHX:
2.82
SCFIX:
1.87
FFRHX:
1.66
SCFIX:
3.73
FFRHX:
1.70
SCFIX:
22.06
FFRHX:
8.23
SCFIX:
0.29%
FFRHX:
0.68%
SCFIX:
1.93%
FFRHX:
3.22%
SCFIX:
-13.09%
FFRHX:
-22.19%
SCFIX:
-0.51%
FFRHX:
0.00%
Returns By Period
In the year-to-date period, SCFIX achieves a 2.33% return, which is significantly higher than FFRHX's 0.77% return. Over the past 10 years, SCFIX has underperformed FFRHX with an annualized return of 3.60%, while FFRHX has yielded a comparatively higher 4.63% annualized return.
SCFIX
2.33%
0.61%
2.36%
6.43%
5.78%
4.48%
3.60%
FFRHX
0.77%
1.11%
1.77%
6.42%
7.98%
7.06%
4.63%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Loading data...
Dividends
SCFIX vs. FFRHX - Dividend Comparison
SCFIX's dividend yield for the trailing twelve months is around 5.83%, less than FFRHX's 8.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCFIX Shenkman Capital Short Duration High Income Fund | 5.83% | 5.83% | 5.21% | 3.86% | 2.82% | 3.25% | 3.78% | 3.90% | 3.11% | 3.09% | 3.37% | 3.51% |
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
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.
Loading data...
Volatility
SCFIX vs. FFRHX - Volatility Comparison
Shenkman Capital Short Duration High Income Fund (SCFIX) has a higher volatility of 0.77% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.63%. This indicates that SCFIX'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.
Loading data...