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Fidelity Focused High Income Fund (FHIFX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US3161467945

CUSIP

316146794

Issuer

Fidelity

Inception Date

Sep 8, 2004

Min. Investment

$0

Asset Class

Bond

Expense Ratio

FHIFX features an expense ratio of 0.75%, falling within the medium range.


Expense ratio chart for FHIFX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

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.


Performance

Performance Chart

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


-5.00%0.00%5.00%10.00%AugustSeptemberOctoberNovemberDecember2025
3.79%
11.76%
FHIFX (Fidelity Focused High Income Fund)
Benchmark (^GSPC)

Returns By Period

Fidelity Focused High Income Fund had a return of 0.74% year-to-date (YTD) and 8.74% in the last 12 months. Over the past 10 years, Fidelity Focused High Income Fund had an annualized return of 4.35%, while the S&P 500 had an annualized return of 11.66%, indicating that Fidelity Focused High Income Fund did not perform as well as the benchmark.


FHIFX

YTD

0.74%

1M

1.16%

6M

3.79%

1Y

8.74%

5Y*

3.15%

10Y*

4.35%

^GSPC (Benchmark)

YTD

3.73%

1M

1.01%

6M

11.76%

1Y

24.66%

5Y*

13.14%

10Y*

11.66%

*Annualized

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.38%-0.15%1.27%-0.62%1.16%0.88%2.03%1.50%1.50%-0.70%0.87%-0.66%7.66%
20233.51%-1.73%1.94%0.74%-0.82%0.89%1.16%-0.15%-1.58%-0.43%4.53%3.08%11.48%
2022-3.29%-1.00%-1.08%-3.99%1.56%-6.75%5.97%-2.12%-3.43%2.80%1.68%-0.56%-10.36%
2021-0.47%-0.18%-0.25%1.09%-0.03%1.53%0.52%0.73%-0.39%-0.16%-1.18%1.94%3.15%
2020-0.01%-1.27%-8.23%3.98%2.89%0.20%4.21%0.31%-1.18%0.21%2.62%1.32%4.52%
20194.75%1.67%1.09%1.18%-0.67%2.58%0.48%1.05%0.34%0.69%0.44%0.96%15.48%
20180.13%-1.17%-0.45%0.50%-0.09%0.12%1.33%0.97%0.25%-1.37%-0.45%-1.91%-2.19%
20171.20%1.03%0.15%1.16%0.60%0.10%1.05%0.13%0.91%0.46%-0.01%0.01%7.01%
2016-1.58%0.64%3.34%1.86%0.76%0.26%2.57%1.45%0.25%0.38%-0.81%1.45%10.99%
20150.86%2.32%-0.42%0.83%0.60%-1.70%0.04%-1.37%-2.60%3.48%-1.27%-2.51%-1.93%
20140.40%1.80%0.17%0.47%0.81%0.67%-1.18%1.38%-2.08%1.85%-0.55%-1.17%2.52%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 94, FHIFX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of FHIFX is 9494
Overall Rank
The Sharpe Ratio Rank of FHIFX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of FHIFX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of FHIFX is 9393
Omega Ratio Rank
The Calmar Ratio Rank of FHIFX is 9595
Calmar Ratio Rank
The Martin Ratio Rank of FHIFX is 9393
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 Focused High Income Fund (FHIFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The chart of Sharpe ratio for FHIFX, currently valued at 2.77, compared to the broader market-1.000.001.002.003.004.002.771.98
The chart of Sortino ratio for FHIFX, currently valued at 4.29, compared to the broader market0.005.0010.004.292.64
The chart of Omega ratio for FHIFX, currently valued at 1.61, compared to the broader market1.002.003.004.001.611.36
The chart of Calmar ratio for FHIFX, currently valued at 5.28, compared to the broader market0.005.0010.0015.0020.005.283.00
The chart of Martin ratio for FHIFX, currently valued at 15.35, compared to the broader market0.0020.0040.0060.0080.0015.3512.30
FHIFX
^GSPC

The current Fidelity Focused High Income Fund Sharpe ratio is 2.77. 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 Focused High Income Fund 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 Ratio1.002.003.004.005.00AugustSeptemberOctoberNovemberDecember2025
2.77
1.98
FHIFX (Fidelity Focused High Income Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity Focused High Income Fund provided a 5.94% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 3 consecutive years.


4.00%5.00%6.00%7.00%8.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.60$0.7020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.48$0.48$0.43$0.42$0.33$0.34$0.38$0.46$0.37$0.38$0.39$0.67

Dividend yield

5.94%5.99%5.42%5.54%3.65%3.82%4.25%5.77%4.19%4.48%4.83%7.89%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00
2024$0.03$0.03$0.06$0.03$0.03$0.06$0.03$0.06$0.03$0.03$0.03$0.06$0.48
2023$0.03$0.03$0.03$0.05$0.03$0.03$0.03$0.03$0.06$0.03$0.03$0.07$0.43
2022$0.03$0.02$0.03$0.05$0.03$0.03$0.05$0.03$0.03$0.03$0.03$0.07$0.42
2021$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.33
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.34
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.38
2018$0.03$0.03$0.06$0.03$0.03$0.06$0.03$0.03$0.03$0.03$0.03$0.06$0.46
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.37
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2015$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.39
2014$0.04$0.03$0.04$0.03$0.03$0.14$0.03$0.03$0.03$0.03$0.03$0.20$0.67

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%AugustSeptemberOctoberNovemberDecember2025
-0.29%
-0.29%
FHIFX (Fidelity Focused High Income Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Focused High Income Fund. 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 Focused High Income Fund was 27.06%, occurring on Dec 5, 2008. Recovery took 196 trading sessions.

The current Fidelity Focused High Income Fund drawdown is 0.29%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-27.06%May 6, 2008149Dec 5, 2008196Sep 17, 2009345
-19.1%Feb 21, 202022Mar 23, 202091Jul 31, 2020113
-14.43%Sep 16, 2021264Sep 29, 2022327Jan 12, 2024591
-10.94%Jun 2, 2015177Feb 11, 2016102Jul 8, 2016279
-6.75%Aug 2, 201145Oct 4, 201119Oct 31, 201164

Volatility

Volatility Chart

The current Fidelity Focused High Income Fund volatility is 0.95%, 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.


1.00%2.00%3.00%4.00%5.00%6.00%AugustSeptemberOctoberNovemberDecember2025
0.95%
4.02%
FHIFX (Fidelity Focused High Income Fund)
Benchmark (^GSPC)