THOPX vs. FFRHX
THOPX (Thompson Bond Fund) and FFRHX (Fidelity Floating Rate High Income Fund) are both mutual funds - THOPX is a Short-Term Bond fund managed by Thompson IM, while FFRHX is a Bank Loan fund actively managed by Fidelity. Over the past 10 years, THOPX returned 3.82%/yr vs 4.81%/yr for FFRHX. Their 0.17 correlation means their historical movements had little consistent relationship. THOPX charges 0.71%/yr vs 0.67%/yr for FFRHX.
Performance
THOPX vs. FFRHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, THOPX achieves a 1.43% return, which is significantly lower than FFRHX's 2.14% return. Over the past 10 years, THOPX has underperformed FFRHX with an annualized return of 3.82%, while FFRHX has yielded a comparatively higher 4.81% annualized return.
THOPX
- 1D
- 0.19%
- 1M
- 0.09%
- 6M
- 0.95%
- YTD
- 1.43%
- 1Y
- 4.34%
- 3Y*
- 8.47%
- 5Y*
- 3.92%
- 10Y*
- 3.82%
- ALL TIME*
- 4.35%
FFRHX
- 1D
- 0.00%
- 1M
- 0.11%
- 6M
- 2.12%
- YTD
- 2.14%
- 1Y
- 4.94%
- 3Y*
- 6.58%
- 5Y*
- 5.49%
- 10Y*
- 4.81%
- ALL TIME*
- 3.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
THOPX Thompson Bond Fund | $0.00 | $0.00 | $0.00 |
THOPX vs. FFRHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THOPX Thompson Bond Fund | 1.43% | 7.98% | 11.54% | 6.98% | -7.28% | 5.75% | -1.71% | 5.56% | 1.80% | 4.75% |
FFRHX Fidelity Floating Rate High Income Fund | 2.14% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
Correlation
The correlation between THOPX and FFRHX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2000 | 0.17 |
The correlation between THOPX and FFRHX shifts across timeframes, from 0.01 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
THOPX vs. FFRHX — Risk / Return Rank
THOPX
FFRHX
THOPX vs. FFRHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thompson Bond Fund (THOPX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| THOPX | FFRHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.77 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 4.16 | -1.15 |
| Martin ratioReturn relative to average drawdown | 11.60 | 13.76 | -2.16 |
Loading charts...
Drawdowns
THOPX vs. FFRHX - Drawdown Comparison
The maximum THOPX drawdown since its inception was -19.45%, smaller than the maximum FFRHX drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for THOPX and FFRHX.
Loading charts...
Drawdown Indicators
| THOPX | FFRHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.45% | -22.20% | +2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.48% | -1.19% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -1.61% | -3.29% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -8.00% | -5.90% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -11.74% | -22.20% | +10.46% |
Current DrawdownCurrent decline from peak | -0.09% | -0.11% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -1.14% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.36% | +0.02% |
Volatility
THOPX vs. FFRHX - Volatility Comparison
Thompson Bond Fund (THOPX) has a higher volatility of 0.58% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.20%. This indicates that THOPX'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 charts...
Volatility by Period
| THOPX | FFRHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.20% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.59% | 1.66% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.95% | 2.26% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 2.89% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.20% | 4.13% | -1.93% |
THOPX vs. FFRHX - Expense Ratio Comparison
THOPX has a 0.71% expense ratio, which is higher than FFRHX's 0.67% expense ratio.
Dividends
THOPX vs. FFRHX - Dividend Comparison
THOPX's dividend yield for the trailing twelve months is around 5.15%, less than FFRHX's 6.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 6.39% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
THOPX Thompson Bond Fund | 5.15% | 4.90% | 5.34% | 5.88% | 3.93% | 3.59% | 5.16% | 3.48% | 3.07% | 3.06% | 4.24% | 4.58% |
Frequently Asked Questions
THOPX and FFRHX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THOPX has higher volatility (0.58%) compared to FFRHX (0.20%). In terms of maximum drawdown, THOPX dropped -19.45% vs FFRHX's -22.20%.
THOPX currently has the higher Sharpe Ratio (2.30 vs 2.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for THOPX and FFRHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer