TFLR vs. FIQSX
Compare and contrast key facts about T. Rowe Price Floating Rate ETF (TFLR) and Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX).
TFLR is an actively managed fund by T. Rowe Price. It was launched on Nov 16, 2022. FIQSX is managed by Fidelity. It was launched on Oct 2, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFLR or FIQSX.
Key characteristics
| TFLR | FIQSX | |
|---|---|---|
| YTD Return | 7.52% | 8.16% |
| 1Y Return | 10.20% | 10.05% |
| Sharpe Ratio | 3.98 | 3.80 |
| Sortino Ratio | 6.33 | 11.56 |
| Omega Ratio | 1.95 | 3.45 |
| Calmar Ratio | 9.72 | 11.50 |
| Martin Ratio | 58.12 | 60.85 |
| Ulcer Index | 0.18% | 0.16% |
| Daily Std Dev | 2.58% | 2.60% |
| Max Drawdown | -1.48% | -22.19% |
| Current Drawdown | -0.08% | 0.00% |
Correlation
The correlation between TFLR and FIQSX is 0.16, 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
TFLR vs. FIQSX - Performance Comparison
In the year-to-date period, TFLR achieves a 7.52% return, which is significantly lower than FIQSX's 8.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TFLR vs. FIQSX - Expense Ratio Comparison
TFLR has a 0.60% expense ratio, which is lower than FIQSX's 0.62% expense ratio.
Risk-Adjusted Performance
TFLR vs. FIQSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate ETF (TFLR) and Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX). 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
TFLR vs. FIQSX - Dividend Comparison
TFLR's dividend yield for the trailing twelve months is around 8.24%, less than FIQSX's 8.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TFLR T. Rowe Price Floating Rate ETF | 8.24% | 7.76% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 8.44% | 8.29% | 5.13% | 3.33% | 3.91% | 5.19% | 1.37% |
Drawdowns
TFLR vs. FIQSX - Drawdown Comparison
The maximum TFLR drawdown since its inception was -1.48%, smaller than the maximum FIQSX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for TFLR and FIQSX. For additional features, visit the drawdowns tool.
Volatility
TFLR vs. FIQSX - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate ETF (TFLR) is 0.43%, while Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) has a volatility of 0.61%. This indicates that TFLR experiences smaller price fluctuations and is considered to be less risky than FIQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.