Fidelity Advisor Corporate Bond Fund Class Z (FIKOX)

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Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) is up 0.7% since the beginning of the year. FIKOX is currently trading at $11 per share. Investors who bought $1,000 worth of FIKOX shares 5 years ago would now be looking at an investment worth $1,024.

Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) has returned 0.69% so far this year and 6.40% over the past 12 months.

Based on dividend-adjusted daily data since Oct 17, 2018, FIKOX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +6.0%, while the worst month was Mar 2020 at -7.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FIKOX closed higher 48% of trading days. The best single day was Nov 10, 2022 with a return of +2.2%, while the worst single day was Mar 18, 2020 at -3.6%.

Fidelity Advisor Corporate Bond Fund Class Z has an annualized alpha of 2.61%, beta of 0.05, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since October 18, 2018.

• This fund participated in 34.62% of S&P 500 Index downside but only 22.43% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.05 may look defensive, but with R2 of 0.02 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 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FIKOX has an expense ratio of 0.36%, placing it in the medium range.

FIKOX ranks 25 for risk / return — below 25% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) and compare them to S&P 500 Index.

Fidelity Advisor Corporate Bond Fund Class Z provided a 4.32% dividend yield over the last twelve months, with an annual payout of $0.46 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Fidelity Advisor Corporate Bond Fund Class Z. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Advisor Corporate Bond 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 Corporate Bond Fund Class Z was 23.22%, occurring on Oct 21, 2022. Recovery took 839 trading sessions.

The current Fidelity Advisor Corporate Bond Fund Class Z drawdown is 0.92%.

The chart below shows the rolling one-month volatility.