- ISIN
- US31641Q6070
- CUSIP
- 31641Q607
- Issuer
- Fidelity
- Inception Date
- Mar 10, 2011
- Category
- High Yield Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FSHNX Performance Chart
Fidelity Series High Income Fund (FSHNX) is up 3.2% since the beginning of the year. FSHNX is currently trading at $9 per share. Investors who bought $1,000 worth of FSHNX shares 5 years ago would now be looking at an investment worth $1,282.
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Returns By Period
Fidelity Series High Income Fund (FSHNX) has returned 3.22% so far this year and 10.25% over the past 12 months. Over the last ten years, FSHNX has returned 6.18% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Fidelity Series High Income Fund
- 1D
- 0.00%
- 1M
- 0.77%
- YTD
- 3.22%
- 6M
- 3.90%
- 1Y
- 10.25%
- 3Y*
- 9.91%
- 5Y*
- 5.10%
- 10Y*
- 6.18%
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%
FSHNX Monthly Returns History
Based on dividend-adjusted daily data since Mar 14, 2011, FSHNX's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 66% of months were positive and 34% were negative. The best month was Oct 2011 with a return of +6.6%, while the worst month was Mar 2020 at -10.9%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FSHNX closed higher 42% of trading days. The best single day was Mar 26, 2020 with a return of +4.0%, while the worst single day was Mar 18, 2020 at -4.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.73% | 0.57% | -1.00% | 2.13% | 0.88% | -0.11% | 3.22% | ||||||
| 2025 | 1.47% | 0.62% | -1.16% | -0.03% | 1.51% | 3.11% | 0.56% | 1.59% | 1.11% | 0.55% | 0.42% | 0.94% | 11.17% |
| 2024 | 0.26% | 0.49% | 1.36% | -1.03% | 1.26% | 0.36% | 1.84% | 1.59% | 1.80% | -0.27% | 1.22% | -0.41% | 8.75% |
| 2023 | 3.62% | -1.35% | 0.75% | 0.86% | -0.94% | 1.73% | 1.37% | -0.50% | -0.92% | -1.44% | 4.32% | 3.43% | 11.25% |
| 2022 | -2.84% | -0.92% | 0.22% | -3.43% | 0.12% | -7.35% | 4.96% | -1.19% | -5.40% | 3.56% | 2.22% | -1.41% | -11.52% |
| 2021 | -0.31% | -0.32% | 0.65% | 1.14% | 0.11% | 2.21% | 0.42% | 1.03% | -0.13% | -0.01% | -1.17% | 2.33% | 6.05% |
Benchmark Metrics
Fidelity Series High Income Fund has an annualized alpha of 3.35%, beta of 0.17, and R2 of 0.29 versus S&P 500 Index. Calculated based on daily prices since March 14, 2011.
- This fund participated in 42.54% of S&P 500 Index downside but only 37.07% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.17 may look defensive, but with R2 of 0.29 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 0.29 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
- 3.35%
- Beta
- 0.17
- R²
- 0.29
- Upside Capture
- 37.07%
- Downside Capture
- 42.54%
Expense Ratio
FSHNX has an expense ratio of 0.00%, meaning no management fees are charged.
Return for Risk
Risk / Return Rank
FSHNX 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 Series High Income Fund (FSHNX) 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.
| FSHNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.37 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 2.78 | +2.12 |
| Martin ratioReturn relative to average drawdown | 25.37 | 12.44 | +12.93 |
Dividends
Dividend History
Fidelity Series High Income Fund provided a 6.97% dividend yield over the last twelve months, with an annual payout of $0.62 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.62 | $0.63 | $0.51 | $0.52 | $0.40 | $0.48 | $0.53 | $0.61 | $0.62 | $0.58 | $0.59 | $0.50 |
Dividend yield | 6.97% | 7.04% | 5.97% | 6.21% | 4.90% | 5.01% | 5.57% | 6.35% | 6.95% | 6.03% | 6.24% | 5.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Series High Income Fund. 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 | $0.05 | $0.05 | $0.05 | $0.00 | $0.23 | ||||||
| 2025 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.63 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.07 | $0.51 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.52 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.04 | $0.04 | $0.08 | $0.40 |
| 2021 | $0.04 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.09 | $0.48 |
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 Series High Income Fund. 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 Series High Income Fund was 21.98%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current Fidelity Series High Income Fund drawdown is 0.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -21.98%Mar 2020 | 1mo 1d | 6mo 23d | 7mo 24dFeb 2020 - Oct 2020 |
Bear market2022 | -15.32%Sep 2022 | 8mo 29d | 1y 6mo | 2y 2moJan 2022 - Mar 2024 |
2016 correction2016 | -14.89%Feb 2016 | 8mo 15d | 5mo 26d | 1y 2moJun 2015 - Aug 2016 |
2011 correction2011 | -11.14%Oct 2011 | 4mo 25d | 3mo 23d | 8mo 18dMay 2011 - Jan 2012 |
Rate-hike selloffLate 2018 | -6.94%Dec 2018 | 2mo 23d | 2mo 1d | 4mo 24dOct 2018 - Feb 2019 |
Drawdown Indicators
| FSHNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.98% | -56.78% | +34.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.13% | -9.10% | +6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -18.90% | +14.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -25.43% | +10.11% |
Max Drawdown (10Y)Largest decline over 10 years | -21.98% | -33.92% | +11.94% |
Current DrawdownCurrent decline from peak | -0.22% | -1.80% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -10.71% | +8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 2.03% | -1.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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