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

Fund Info

ISIN

US3158067039

Issuer

Fidelity

Inception Date

Oct 2, 2018

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:
FIQSX vs. RPIFX FIQSX vs. VTI FIQSX vs. TFLR FIQSX vs. PFFD FIQSX vs. BKLN
Popular comparisons:
FIQSX vs. RPIFX FIQSX vs. VTI FIQSX vs. TFLR FIQSX vs. PFFD FIQSX vs. BKLN

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Floating Rate High Income Fund Class Z, 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
4.61%
13.48%
FIQSX (Fidelity Advisor Floating Rate High Income Fund Class Z)
Benchmark (^GSPC)

Returns By Period

Fidelity Advisor Floating Rate High Income Fund Class Z had a return of 8.51% year-to-date (YTD) and 10.28% in the last 12 months.


FIQSX

YTD

8.51%

1M

1.12%

6M

4.61%

1Y

10.28%

5Y (annualized)

5.80%

10Y (annualized)

N/A

^GSPC (Benchmark)

YTD

26.24%

1M

3.68%

6M

13.49%

1Y

32.33%

5Y (annualized)

13.85%

10Y (annualized)

11.31%

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20241.35%1.01%0.11%1.22%0.69%-0.43%1.40%-0.22%1.43%1.12%8.51%
20232.99%0.61%0.15%0.33%0.43%2.26%1.16%1.25%-0.11%0.58%1.37%0.81%12.44%
20220.26%-0.51%0.28%-0.43%-1.97%-2.40%1.92%2.02%-2.15%1.24%1.37%-0.36%-0.86%
20211.06%1.00%-0.05%0.60%0.69%0.25%-0.15%0.60%0.78%0.48%-0.38%0.63%5.63%
20200.29%-1.66%-11.88%3.71%4.17%0.45%1.91%1.31%0.54%0.08%2.64%1.29%1.86%
20192.73%1.56%-0.19%1.60%-0.40%0.33%0.66%-0.20%0.73%-0.63%0.60%1.49%8.55%
2018-0.25%-0.85%-2.30%-3.37%

Expense Ratio

FIQSX features an expense ratio of 0.62%, falling within the medium range.


Expense ratio chart for FIQSX: current value at 0.62% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.62%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of FIQSX 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 FIQSX is 9898
Overall Rank
The Sharpe Ratio Rank of FIQSX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of FIQSX is 9898
Sortino Ratio Rank
The Omega Ratio Rank of FIQSX is 9898
Omega Ratio Rank
The Calmar Ratio Rank of FIQSX is 9898
Calmar Ratio Rank
The Martin Ratio Rank of FIQSX 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 Z (FIQSX) 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 FIQSX, currently valued at 3.72, compared to the broader market-1.000.001.002.003.004.005.003.722.64
The chart of Sortino ratio for FIQSX, currently valued at 10.96, compared to the broader market0.005.0010.0010.963.51
The chart of Omega ratio for FIQSX, currently valued at 3.32, compared to the broader market1.002.003.004.003.321.49
The chart of Calmar ratio for FIQSX, currently valued at 10.87, compared to the broader market0.005.0010.0015.0020.0010.873.81
The chart of Martin ratio for FIQSX, currently valued at 57.54, compared to the broader market0.0020.0040.0060.0080.0057.5416.91
FIQSX
^GSPC

The current Fidelity Advisor Floating Rate High Income Fund Class Z Sharpe ratio is 3.72. 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 Z 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
3.72
2.64
FIQSX (Fidelity Advisor Floating Rate High Income Fund Class Z)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity Advisor Floating Rate High Income Fund Class Z provided a 8.42% dividend yield over the last twelve months, with an annual payout of $0.79 per share. The fund has been increasing its distributions for 2 consecutive years.


2.00%4.00%6.00%8.00%$0.00$0.20$0.40$0.60$0.80201820192020202120222023
Dividends
Dividend Yield
PeriodTTM202320222021202020192018
Dividend$0.79$0.77$0.46$0.32$0.36$0.49$0.13

Dividend yield

8.42%8.29%5.13%3.33%3.91%5.19%1.37%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.07$0.06$0.07$0.07$0.06$0.06$0.07$0.07$0.06$0.06$0.00$0.65
2023$0.06$0.06$0.06$0.06$0.07$0.06$0.07$0.06$0.06$0.07$0.07$0.07$0.77
2022$0.03$0.02$0.03$0.03$0.03$0.03$0.04$0.04$0.04$0.05$0.05$0.07$0.46
2021$0.03$0.02$0.03$0.03$0.03$0.02$0.03$0.03$0.02$0.03$0.02$0.04$0.32
2020$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36
2019$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.49
2018$0.04$0.04$0.05$0.13

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%JuneJulyAugustSeptemberOctoberNovember00
FIQSX (Fidelity Advisor Floating Rate High Income Fund Class Z)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Advisor Floating Rate 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 Floating Rate High Income Fund Class Z was 22.19%, occurring on Mar 23, 2020. Recovery took 175 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-22.19%Jan 22, 202043Mar 23, 2020175Nov 30, 2020218
-5.53%Jan 21, 2022115Jul 6, 2022130Jan 6, 2023245
-3.9%Oct 10, 201854Dec 27, 201837Feb 21, 201991
-1.64%Mar 10, 20237Mar 20, 20239Mar 31, 202316
-0.99%May 3, 202317May 25, 20237Jun 6, 202324

Volatility

Volatility Chart

The current Fidelity Advisor Floating Rate High Income Fund Class Z 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%
3.99%
FIQSX (Fidelity Advisor Floating Rate High Income Fund Class Z)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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