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Fidelity Advisor Floating Rate High Income Fund Cl...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US3158075941

Issuer

Fidelity

Inception Date

Aug 16, 2000

Min. Investment

$0

Asset Class

Bond

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
FFRAX vs. PRFRX FFRAX vs. PAFRX FFRAX vs. FFRHX FFRAX vs. AGZD FFRAX vs. FFHCX FFRAX vs. EIFAX
Popular comparisons:
FFRAX vs. PRFRX FFRAX vs. PAFRX FFRAX vs. FFRHX FFRAX vs. AGZD FFRAX vs. FFHCX FFRAX vs. EIFAX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Floating Rate High Income Fund Class A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
4.08%
12.32%
FFRAX (Fidelity Advisor Floating Rate High Income Fund Class A)
Benchmark (^GSPC)

Returns By Period

Fidelity Advisor Floating Rate High Income Fund Class A had a return of 7.80% year-to-date (YTD) and 9.64% in the last 12 months. Over the past 10 years, Fidelity Advisor Floating Rate High Income Fund Class A had an annualized return of 4.28%, while the S&P 500 had an annualized return of 11.13%, indicating that Fidelity Advisor Floating Rate High Income Fund Class A did not perform as well as the benchmark.


FFRAX

YTD

7.80%

1M

0.87%

6M

4.08%

1Y

9.64%

5Y (annualized)

5.37%

10Y (annualized)

4.28%

^GSPC (Benchmark)

YTD

24.05%

1M

1.08%

6M

11.50%

1Y

30.38%

5Y (annualized)

13.77%

10Y (annualized)

11.13%

Monthly Returns

The table below presents the monthly returns of FFRAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20241.19%0.97%0.11%1.15%0.77%-0.43%1.23%-0.11%1.37%0.98%7.80%
20232.93%0.46%0.11%0.33%0.38%2.34%1.13%1.11%0.00%0.42%1.34%0.92%12.05%
20220.13%-0.54%0.24%-0.42%-1.92%-2.54%2.03%1.96%-2.29%1.32%1.22%-0.25%-1.21%
20211.13%0.96%-0.08%0.46%0.66%0.33%-0.29%0.67%0.75%0.44%-0.51%0.70%5.33%
20200.25%-1.79%-11.79%3.56%4.15%0.54%1.87%1.27%0.39%0.04%2.61%1.25%1.37%
20192.70%1.54%-0.22%1.57%-0.52%0.30%0.73%-0.32%0.70%-0.56%0.46%1.58%8.19%
20181.05%-0.14%-0.10%0.75%0.13%-0.31%1.02%0.25%0.66%-0.14%-0.88%-2.31%-0.10%
20170.30%0.57%-0.01%0.40%0.39%-0.04%0.83%-0.31%0.30%0.62%0.09%0.27%3.47%
2016-0.88%-0.45%2.79%2.28%0.72%-0.13%1.38%1.07%0.83%0.52%0.19%1.10%9.76%
20150.20%1.61%0.22%0.90%0.09%-0.54%-0.32%-0.84%-0.65%0.11%-1.07%-1.10%-1.41%
20140.46%0.22%0.16%-0.05%0.47%0.45%-0.24%0.27%-0.73%0.29%0.18%-1.43%0.03%
20130.76%0.02%0.64%0.42%0.02%-0.78%1.05%-0.16%0.13%0.76%0.43%0.31%3.65%

Expense Ratio

FFRAX has a high expense ratio of 0.98%, indicating higher-than-average management fees.


Expense ratio chart for FFRAX: current value at 0.98% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.98%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of FFRAX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of FFRAX is 9898
Combined Rank
The Sharpe Ratio Rank of FFRAX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of FFRAX is 9898
Sortino Ratio Rank
The Omega Ratio Rank of FFRAX is 9999
Omega Ratio Rank
The Calmar Ratio Rank of FFRAX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of FFRAX is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class A (FFRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for FFRAX, currently valued at 3.79, compared to the broader market-1.000.001.002.003.004.005.003.792.46
The chart of Sortino ratio for FFRAX, currently valued at 10.50, compared to the broader market0.005.0010.0010.503.31
The chart of Omega ratio for FFRAX, currently valued at 3.74, compared to the broader market1.002.003.004.003.741.46
The chart of Calmar ratio for FFRAX, currently valued at 11.04, compared to the broader market0.005.0010.0015.0020.0025.0011.043.55
The chart of Martin ratio for FFRAX, currently valued at 57.96, compared to the broader market0.0020.0040.0060.0080.00100.0057.9615.76
FFRAX
^GSPC

The current Fidelity Advisor Floating Rate High Income Fund Class A Sharpe ratio is 3.79. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Fidelity Advisor Floating Rate High Income Fund Class A with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
3.79
2.46
FFRAX (Fidelity Advisor Floating Rate High Income Fund Class A)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity Advisor Floating Rate High Income Fund Class A provided a 8.07% dividend yield over the last twelve months, with an annual payout of $0.75 per share. The fund has been increasing its distributions for 2 consecutive years.


3.00%4.00%5.00%6.00%7.00%8.00%$0.00$0.20$0.40$0.60$0.8020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.75$0.74$0.43$0.28$0.33$0.46$0.41$0.36$0.35$0.36$0.36$0.32

Dividend yield

8.07%7.95%4.73%2.94%3.55%4.86%4.41%3.73%3.66%3.96%3.70%3.18%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity Advisor Floating Rate High Income Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.00$0.62
2023$0.06$0.05$0.06$0.06$0.06$0.06$0.06$0.06$0.06$0.07$0.06$0.07$0.74
2022$0.02$0.02$0.02$0.02$0.03$0.03$0.04$0.04$0.04$0.05$0.05$0.07$0.43
2021$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.04$0.28
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.03$0.02$0.02$0.03$0.33
2019$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.05$0.46
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.04$0.05$0.41
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.36
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.35
2015$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.36
2014$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.07$0.36
2013$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.06$0.32

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-1.40%
FFRAX (Fidelity Advisor Floating Rate High Income Fund Class A)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Advisor Floating Rate High Income Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Advisor Floating Rate High Income Fund Class A was 22.22%, occurring on Mar 23, 2020. Recovery took 177 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-22.22%Jan 23, 202042Mar 23, 2020177Dec 2, 2020219
-21.21%Jun 19, 2008124Dec 15, 2008153Jul 27, 2009277
-7.09%Nov 1, 200769Feb 11, 200880Jun 5, 2008149
-6.45%May 11, 2015194Feb 16, 201676Jun 3, 2016270
-5.72%Feb 3, 2022106Jul 6, 2022132Jan 10, 2023238

Volatility

Volatility Chart

The current Fidelity Advisor Floating Rate High Income Fund Class A volatility is 0.61%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
0.61%
4.07%
FFRAX (Fidelity Advisor Floating Rate High Income Fund Class A)
Benchmark (^GSPC)