- ISIN
- US31641Q8399
- Issuer
- Fidelity
- Inception Date
- Nov 5, 2013
- Category
- High Yield Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FSBHX Performance Chart
Fidelity Advisor Short Duration High Income Fund Class A (FSBHX) is up 3.0% since the beginning of the year. FSBHX is currently trading at $9 per share. Investors who bought $1,000 worth of FSBHX shares 5 years ago would now be looking at an investment worth $1,225.
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Returns By Period
Fidelity Advisor Short Duration High Income Fund Class A (FSBHX) has returned 2.95% so far this year and 8.61% over the past 12 months. Over the last ten years, FSBHX has returned 4.32% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Fidelity Advisor Short Duration High Income Fund Class A
- 1D
- 0.00%
- 1M
- 0.81%
- YTD
- 2.95%
- 6M
- 3.46%
- 1Y
- 8.61%
- 3Y*
- 8.23%
- 5Y*
- 4.14%
- 10Y*
- 4.32%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FSBHX Monthly Returns History
Based on dividend-adjusted daily data since Nov 19, 2013, FSBHX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +3.9%, while the worst month was Mar 2020 at -7.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FSBHX 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 | 0.67% | 0.18% | -0.53% | 1.81% | 0.81% | 0.00% | 2.95% | ||||||
| 2025 | 1.02% | 0.41% | -0.87% | -0.21% | 1.28% | 1.46% | 0.49% | 1.39% | 0.81% | 0.38% | 0.46% | 0.60% | 7.45% |
| 2024 | 0.38% | 0.44% | 1.03% | -0.34% | 0.93% | 0.11% | 1.37% | 1.13% | 1.12% | 0.01% | 1.11% | -0.07% | 7.45% |
| 2023 | 2.54% | -0.64% | 0.79% | 0.66% | -0.94% | 1.49% | 1.03% | 0.45% | -0.48% | -0.70% | 2.83% | 2.62% | 9.99% |
| 2022 | -1.53% | -0.29% | -0.25% | -2.01% | -0.24% | -5.26% | 3.66% | -0.92% | -2.89% | 1.78% | 1.06% | -0.66% | -7.57% |
| 2021 | -0.21% | 0.11% | 0.48% | 0.68% | 0.04% | 0.68% | -0.16% | 0.58% | 0.04% | -0.07% | -1.02% | 1.39% | 2.55% |
Benchmark Metrics
Fidelity Advisor Short Duration High Income Fund Class A has an annualized alpha of 1.91%, beta of 0.13, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since November 20, 2013.
- This fund participated in 26.86% of S&P 500 Index downside but only 22.49% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.28 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 0.28 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
- 1.91%
- Beta
- 0.13
- R²
- 0.28
- Upside Capture
- 22.49%
- Downside Capture
- 26.86%
Expense Ratio
FSBHX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FSBHX ranks 94 for risk / return — in the top 94% 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 A (FSBHX) and compare them to S&P 500 Index.
| FSBHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.41 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.99 | 2.93 | +2.06 |
| Martin ratioReturn relative to average drawdown | 26.60 | 13.52 | +13.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Advisor Short Duration High Income Fund Class A provided a 7.00% dividend yield over the last twelve months, with an annual payout of $0.63 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.63 | $0.64 | $0.52 | $0.50 | $0.23 | $0.25 | $0.31 | $0.38 | $0.38 | $0.37 | $0.42 | $0.37 |
Dividend yield | 7.00% | 7.08% | 5.82% | 5.70% | 2.70% | 2.63% | 3.23% | 3.97% | 4.26% | 3.85% | 4.47% | 4.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Short Duration High Income Fund Class A. 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 | $0.20 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.17 | $0.64 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.11 | $0.52 |
| 2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.09 | $0.50 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.03 | $0.00 | $0.04 | $0.23 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
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 A. 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 A was 16.79%, occurring on Mar 23, 2020. Recovery took 92 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -16.79%Mar 2020 | 1mo 1d | 4mo 13d | 5mo 14dFeb 2020 - Aug 2020 |
2016 correction2016 | -11.82%Feb 2016 | 8mo 15d | 6mo 7d | 1y 2moJun 2015 - Aug 2016 |
Bear market2022 | -9.54%Sep 2022 | 9mo | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2014 pullback2014 | -5.41%Dec 2014 | 5mo 17d | 4mo 9d | 9mo 26dJul 2014 - Apr 2015 |
Rate-hike selloffLate 2018 | -4.42%Dec 2018 | 2mo 24d | 1mo 20d | 4mo 14dOct 2018 - Feb 2019 |
Drawdown Indicators
| FSBHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.79% | -56.78% | +39.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.78% | -9.10% | +7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -3.32% | -18.90% | +15.58% |
Max Drawdown (5Y)Largest decline over 5 years | -9.54% | -25.43% | +15.89% |
Max Drawdown (10Y)Largest decline over 10 years | -16.79% | -33.92% | +17.13% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -10.72% | +9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 1.97% | -1.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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