- ISIN
- US31617L7495
- Issuer
- Fidelity
- Inception Date
- Oct 2, 2018
- Category
- Government Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FIKPX Performance Chart
Fidelity Advisor Government Income Fund Class Z (FIKPX) is down 0.4% since the beginning of the year. FIKPX is currently trading at $9 per share. Investors who bought $1,000 worth of FIKPX shares 5 years ago would now be looking at an investment worth $955.
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Compare this symbol against anything
Returns By Period
Fidelity Advisor Government Income Fund Class Z (FIKPX) has returned -0.43% so far this year and 1.75% over the past 12 months.
Fidelity Advisor Government Income Fund Class Z
- 1D
- 0.00%
- 1M
- -0.98%
- 6M
- -0.59%
- YTD
- -0.43%
- 1Y
- 1.75%
- 3Y*
- 3.10%
- 5Y*
- -0.91%
- 10Y*
- —
- ALL TIME*
- 1.34%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FIKPX Monthly Returns History
Based on dividend-adjusted daily data since Oct 17, 2018, FIKPX's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, an investment would double in approximately 48.2 years.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2023 with a return of +4.2%, while the worst month was Sep 2022 at -4.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FIKPX closed higher 44% of trading days. The best single day was Mar 16, 2020 with a return of +2.0%, while the worst single day was Mar 17, 2020 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.16% | 1.78% | -1.62% | -0.02% | 0.21% | 0.30% | -1.20% | -0.43% | |||||
| 2025 | 0.60% | 2.27% | 0.17% | 0.50% | -1.01% | 1.39% | -0.36% | 1.06% | 1.05% | 0.61% | 0.61% | -0.40% | 6.66% |
| 2024 | -0.11% | -1.48% | 0.70% | -2.46% | 1.53% | 1.17% | 2.17% | 1.48% | 1.14% | -2.58% | 0.94% | -1.65% | 0.72% |
| 2023 | 2.92% | -2.58% | 2.73% | 0.52% | -1.06% | -0.66% | -0.33% | -0.64% | -2.64% | -1.82% | 4.17% | 3.56% | 3.93% |
| 2022 | -1.70% | -0.70% | -3.10% | -3.29% | 0.51% | -1.33% | 1.98% | -2.82% | -4.10% | -1.59% | 3.19% | -0.66% | -13.01% |
| 2021 | -0.73% | -1.56% | -1.33% | 0.74% | 0.07% | 0.71% | 1.15% | -0.23% | -0.87% | -0.12% | 0.53% | -0.50% | -2.17% |
Benchmark Metrics
Fidelity Advisor Government Income Fund Class Z has an annualized alpha of 1.79%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 17, 2018.
- This fund participated in 13.84% of S&P 500 Index downside but only 8.82% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.02 may look defensive, but with R2 of 0.01 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 0.01 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.
- Alpha
- 1.79%
- Beta
- -0.02
- R²
- 0.01
- Upside Capture
- 8.82%
- Downside Capture
- 13.84%
Expense Ratio
FIKPX has an expense ratio of 0.36%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FIKPX ranks 19 for risk / return — above 19% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class Z (FIKPX) 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.
| FIKPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 2.00 | -0.99 |
| Martin ratioReturn relative to average drawdown | 2.52 | 8.49 | -5.97 |
Dividends
Dividend History
Fidelity Advisor Government Income Fund Class Z provided a 3.33% dividend yield over the last twelve months, with an annual payout of $0.30 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.32 | $0.35 | $0.22 | $0.11 | $0.07 | $0.27 | $0.23 | $0.06 |
Dividend yield | 3.33% | 3.46% | 3.84% | 2.41% | 1.19% | 0.68% | 2.48% | 2.19% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Government 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 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.16 | |||||
| 2025 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2024 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.35 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.03 | $0.22 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.02 | $0.02 | $0.02 | $0.11 |
| 2021 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.07 |
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 Government 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 Government Income Fund Class Z was 19.71%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Fidelity Advisor Government Income Fund Class Z drawdown is 6.80%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.71%Oct 2023 | 3y 2mo | — | 5y 12moAug 2020 - now | — |
-3.83%Mar 2020 | 9d | 14d | 23dMar 2020 - Apr 2020 | COVID crash2020 |
-2.24%Sep 2019 | 8d | 4mo 16d | 4mo 24dSep 2019 - Jan 2020 | — |
-1.41%Jun 2020 | 1mo 9d | 1mo 4d | 2mo 13dApr 2020 - Jul 2020 | — |
-1.18%Jan 2019 | 14d | 1mo 19d | 2mo 3dJan 2019 - Mar 2019 | — |
Drawdown Indicators
| FIKPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -56.78% | +37.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -9.10% | +6.17% |
Max Drawdown (3Y)Largest decline over 3 years | -5.16% | -18.90% | +13.74% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -25.43% | +7.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.80% | -1.58% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -10.70% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 2.14% | -0.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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