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.
Correlation
The correlation between TFLR and FIQSX is 0.15, 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
Key characteristics
TFLR:
3.55
FIQSX:
3.14
TFLR:
5.49
FIQSX:
9.02
TFLR:
1.83
FIQSX:
2.78
TFLR:
8.31
FIQSX:
9.18
TFLR:
49.70
FIQSX:
46.21
TFLR:
0.18%
FIQSX:
0.17%
TFLR:
2.47%
FIQSX:
2.51%
TFLR:
-1.48%
FIQSX:
-22.19%
TFLR:
-0.10%
FIQSX:
-0.43%
Returns By Period
In the year-to-date period, TFLR achieves a 8.63% return, which is significantly higher than FIQSX's 8.04% return.
TFLR
8.63%
0.57%
4.49%
8.86%
N/A
N/A
FIQSX
8.04%
-0.32%
3.89%
8.04%
5.38%
N/A
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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 8.19%, more than FIQSX's 7.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TFLR T. Rowe Price Floating Rate ETF | 8.19% | 7.76% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 7.70% | 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
T. Rowe Price Floating Rate ETF (TFLR) has a higher volatility of 0.45% compared to Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) at 0.24%. This indicates that TFLR's price experiences larger fluctuations and is considered to be riskier than FIQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.