- ISIN
- US31641Q7896
- Issuer
- Fidelity
- Inception Date
- Oct 2, 2018
- Category
- High Yield Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FIJWX Performance Chart
Fidelity Advisor Short Duration High Income Fund Class Z (FIJWX) is up 3.0% since the beginning of the year. FIJWX is currently trading at $9 per share. Investors who bought $1,000 worth of FIJWX shares 5 years ago would now be looking at an investment worth $1,249.
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Returns By Period
Fidelity Advisor Short Duration High Income Fund Class Z (FIJWX) has returned 2.98% so far this year and 8.64% over the past 12 months.
Fidelity Advisor Short Duration High Income Fund Class Z
- 1D
- 0.00%
- 1M
- 0.61%
- YTD
- 2.98%
- 6M
- 3.49%
- 1Y
- 8.64%
- 3Y*
- 8.56%
- 5Y*
- 4.54%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FIJWX Monthly Returns History
Based on dividend-adjusted daily data since Oct 17, 2018, FIJWX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +3.9%, while the worst month was Mar 2020 at -7.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FIJWX closed higher 37% of trading days. The best single day was Mar 26, 2020 with a return of +3.5%, while the worst single day was Mar 16, 2020 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.70% | 0.20% | -0.50% | 1.84% | 0.95% | -0.22% | 2.98% | ||||||
| 2025 | 1.04% | 0.44% | -0.73% | -0.18% | 1.31% | 1.38% | 0.52% | 1.44% | 0.95% | 0.30% | 0.49% | 0.63% | 7.84% |
| 2024 | 0.51% | 0.47% | 1.07% | -0.30% | 0.84% | 0.69% | 1.29% | 1.28% | 1.15% | 0.05% | 1.02% | -0.04% | 8.30% |
| 2023 | 2.57% | -0.73% | 0.83% | 0.69% | -0.79% | 1.41% | 1.06% | 0.48% | -0.34% | -0.78% | 2.97% | 2.52% | 10.24% |
| 2022 | -1.50% | -0.16% | -0.33% | -1.98% | -0.21% | -5.26% | 3.78% | -1.01% | -2.77% | 1.81% | 1.05% | -0.64% | -7.26% |
| 2021 | -0.21% | 0.21% | 0.51% | 0.60% | 0.07% | 0.72% | -0.02% | 0.51% | 0.06% | -0.04% | -0.99% | 1.42% | 2.86% |
Benchmark Metrics
Fidelity Advisor Short Duration High Income Fund Class Z has an annualized alpha of 2.52%, beta of 0.14, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since October 17, 2018.
- This fund participated in 24.84% of S&P 500 Index downside but only 21.75% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.33 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.33 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.52%
- Beta
- 0.14
- R²
- 0.33
- Upside Capture
- 21.75%
- Downside Capture
- 24.84%
Expense Ratio
FIJWX has an expense ratio of 0.66%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FIJWX ranks 96 for risk / return — in the top 96% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Short Duration High Income Fund Class Z (FIJWX) and compare them to S&P 500 Index.
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.
| FIJWX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.37 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 2.78 | +2.48 |
| Martin ratioReturn relative to average drawdown | 26.54 | 12.44 | +14.11 |
Dividends
Dividend History
Fidelity Advisor Short Duration High Income Fund Class Z provided a 7.38% dividend yield over the last twelve months, with an annual payout of $0.67 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.67 | $0.59 | $0.53 | $0.25 | $0.28 | $0.34 | $0.41 | $0.12 |
Dividend yield | 7.38% | 7.45% | 6.59% | 6.04% | 2.92% | 2.93% | 3.57% | 4.30% | 1.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Short Duration High Income Fund Class Z. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.21 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.18 | $0.67 |
| 2024 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.12 | $0.59 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.09 | $0.53 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.03 | $0.00 | $0.05 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.28 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Short Duration High Income Fund Class Z. 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 Short Duration High Income Fund Class Z was 16.77%, occurring on Mar 23, 2020. Recovery took 91 trading sessions.
The current Fidelity Advisor Short Duration High Income Fund Class Z drawdown is 0.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -16.77%Mar 2020 | 1mo 1d | 4mo 10d | 5mo 11dFeb 2020 - Jul 2020 |
Bear market2022 | -9.28%Sep 2022 | 8mo 29d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
Rate-hike selloffLate 2018 | -3.68%Dec 2018 | 2mo 9d | 1mo 6d | 3mo 15dOct 2018 - Jan 2019 |
2025 selloff2025 | -3.18%Apr 2025 | 1mo 5d | 1mo 23d | 2mo 28dMar 2025 - May 2025 |
2021 pullback2021 | -1.68%Nov 2021 | 17d | 1mo 5d | 1mo 22dNov 2021 - Dec 2021 |
Drawdown Indicators
| FIJWX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.77% | -56.78% | +40.01% |
Max Drawdown (1Y)Largest decline over 1 year | -1.67% | -9.10% | +7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -3.18% | -18.90% | +15.72% |
Max Drawdown (5Y)Largest decline over 5 years | -9.28% | -25.43% | +16.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.22% | -1.80% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -10.71% | +9.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 2.03% | -1.70% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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