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Fidelity Series High Income Fund (FSHNX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fidelity Series High Income Fund (FSHNX)

Mutual Fund · Currency in USD · Last updated May 14, 2025

The investment seeks a high level of current income; growth of capital may also be considered. The fund invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). It potentially invests in non-income producing securities, including defaulted securities and common stocks. The fund invests in companies in troubled or uncertain financial condition. It invests in domestic and foreign issuers.

Fund Info

ISIN

US31641Q6070

CUSIP

31641Q607

Issuer

Fidelity

Inception Date

Mar 10, 2011

Category

High Yield Bonds

Min. Investment

$0

Asset Class

Bond

Expense Ratio

FSHNX has an expense ratio of 0.00%, meaning no management fees are charged.

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:
FSHNX vs. SPHY FSHNX vs. FAHCX FSHNX vs. VWEAX FSHNX vs. FDVV
Popular comparisons:
FSHNX vs. SPHY FSHNX vs. FAHCX FSHNX vs. VWEAX FSHNX vs. FDVV

Performance

Performance Chart

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Returns By Period

Fidelity Series High Income Fund (FSHNX) returned 2.08% year-to-date (YTD) and 9.50% over the past 12 months. Over the past 10 years, FSHNX returned 4.93% annually, underperforming the S&P 500 benchmark at 10.77%.

FSHNX

YTD

2.08%

1M

3.95%

6M

2.55%

1Y

9.50%

5Y*

6.41%

10Y*

4.93%

^GSPC (Benchmark)

YTD

0.08%

1M

9.75%

6M

-1.63%

1Y

12.74%

5Y*

15.66%

10Y*

10.77%

*Annualized

Monthly Returns

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

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.47%0.62%-1.16%-0.02%1.18%2.08%
20240.82%0.49%0.83%-0.51%1.26%0.36%2.38%1.06%2.34%-0.27%0.69%0.11%9.95%
20234.15%-1.34%0.75%0.37%-0.45%1.73%1.37%-0.51%-1.47%-0.91%4.32%2.86%11.20%
2022-2.84%-0.92%0.22%-3.85%0.55%-6.91%4.96%-0.72%-4.94%3.56%2.22%-1.91%-10.70%
2021-0.30%0.07%0.65%1.14%0.11%2.21%0.42%1.03%-0.13%-0.01%-1.17%2.33%6.47%
2020-0.43%-1.65%-10.90%4.13%3.90%0.49%4.43%1.11%-0.88%0.12%3.62%1.53%4.58%
20194.83%1.86%0.61%1.57%-1.27%2.59%0.29%0.58%0.67%0.13%0.44%2.06%15.17%
20181.32%-1.20%-0.83%1.21%0.18%-0.11%1.52%0.81%0.68%-1.99%-1.25%-2.40%-2.13%
20171.64%1.77%0.04%1.17%0.94%-0.36%1.42%-0.13%1.19%0.69%-0.15%0.83%9.41%
2016-1.60%-0.21%4.63%3.82%0.70%0.26%2.62%2.55%0.65%-0.06%-0.29%2.46%16.45%
20150.18%2.29%-0.54%1.19%0.48%-1.70%-0.35%-1.73%-3.29%2.41%-2.36%-2.81%-6.27%
20140.56%1.76%0.17%0.34%0.81%0.73%-1.45%1.71%-2.23%1.55%-0.72%-1.45%1.70%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 94, FSHNX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of FSHNX is 9494
Overall Rank
The Sharpe Ratio Rank of FSHNX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of FSHNX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of FSHNX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of FSHNX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of FSHNX is 9494
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 Series High Income Fund (FSHNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Fidelity Series High Income Fund Sharpe ratios as of May 14, 2025 (values are recalculated daily):

  • 1-Year: 2.39
  • 5-Year: 1.19
  • 10-Year: 0.82
  • All Time: 0.93

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Fidelity Series High Income Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend History

Fidelity Series High Income Fund provided a 6.71% dividend yield over the last twelve months, with an annual payout of $0.58 per share. The fund has been increasing its distributions for 2 consecutive years.

5.00%6.00%7.00%8.00%9.00%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.58$0.56$0.52$0.51$0.51$0.53$0.61$0.62$0.59$0.53$0.60$0.90

Dividend yield

6.71%6.50%6.20%6.34%5.39%5.58%6.32%6.96%6.04%5.61%7.05%9.21%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.05$0.04$0.05$0.05$0.00$0.19
2024$0.04$0.04$0.04$0.04$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.07$0.56
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$0.04$0.04$0.04$0.04$0.04$0.04$0.08$0.51
2021$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.09$0.51
2020$0.05$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.06$0.53
2019$0.05$0.04$0.05$0.05$0.05$0.05$0.06$0.06$0.05$0.05$0.05$0.05$0.61
2018$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.10$0.62
2017$0.04$0.04$0.04$0.04$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.10$0.59
2016$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.06$0.53
2015$0.05$0.04$0.05$0.05$0.05$0.09$0.05$0.05$0.04$0.05$0.04$0.06$0.60
2014$0.05$0.04$0.05$0.05$0.05$0.13$0.05$0.05$0.05$0.05$0.05$0.31$0.90

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 0.02%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-21.98%Feb 18, 202025Mar 23, 2020141Oct 12, 2020166
-14.52%Jan 3, 2022189Sep 29, 2022339Jan 31, 2024528
-14.48%Jun 1, 2015178Feb 11, 2016110Jul 20, 2016288
-11.52%May 12, 2011101Oct 4, 201178Jan 26, 2012179
-6.93%Oct 4, 201857Dec 26, 201840Feb 25, 201997

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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