Fidelity Advisor Government Income Fund Class A (FVIAX)

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Fidelity Advisor Government Income Fund Class A (FVIAX) is up 0.2% since the beginning of the year. FVIAX is currently trading at $9 per share. Investors who bought $1,000 worth of FVIAX shares 5 years ago would now be looking at an investment worth $958.

Fidelity Advisor Government Income Fund Class A (FVIAX) has returned 0.19% so far this year and 4.30% over the past 12 months. Over the last ten years, FVIAX has returned 0.46% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 2, 1980, FVIAX's average daily return is 0.00%, while the average monthly return is +0.09%. At this rate, an investment would double in approximately 64.2 years.

Historically, 53% of months were positive and 47% were negative. The best month was Nov 1981 with a return of +7.2%, while the worst month was Jul 2003 at -4.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FVIAX closed higher 42% of trading days. The best single day was Oct 20, 1987 with a return of +2.7%, while the worst single day was Feb 28, 1983 at -2.9%.

Fidelity Advisor Government Income Fund Class A has an annualized alpha of 1.22%, beta of -0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 1980.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (5.31%) than losses (4.68%) - typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R2 of 0.00 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 0.00 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.

FVIAX has an expense ratio of 0.77%, placing it in the medium range.

FVIAX ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Fidelity Advisor Government Income Fund Class A (FVIAX) and compare them to S&P 500 Index.

Fidelity Advisor Government Income Fund Class A provided a 3.14% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 4 consecutive years.

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

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.

The table below displays the maximum drawdowns of the Fidelity Advisor Government 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 Government Income Fund Class A was 20.79%, occurring on Sep 30, 1981. Recovery took 1148 trading sessions.

The current Fidelity Advisor Government Income Fund Class A drawdown is 8.52%.

The chart below shows the rolling one-month volatility.