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Fidelity Advisor Government Income Fund Class A (F...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US31617K7827

Issuer

Fidelity

Inception Date

Oct 24, 2006

Min. Investment

$0

Asset Class

Bond

Expense Ratio

FVIAX features an expense ratio of 0.77%, falling within the medium range.


Expense ratio chart for FVIAX: current value at 0.77% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.77%

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:
FVIAX vs. IVNQX FVIAX vs. VFIAX FVIAX vs. VUG FVIAX vs. QQQ FVIAX vs. VIGAX
Popular comparisons:
FVIAX vs. IVNQX FVIAX vs. VFIAX FVIAX vs. VUG FVIAX vs. QQQ FVIAX vs. VIGAX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Advisor Government Income Fund Class A, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-0.17%
9.66%
FVIAX (Fidelity Advisor Government Income Fund Class A)
Benchmark (^GSPC)

Returns By Period

Fidelity Advisor Government Income Fund Class A had a return of -0.47% year-to-date (YTD) and -0.25% in the last 12 months. Over the past 10 years, Fidelity Advisor Government Income Fund Class A had an annualized return of 0.03%, while the S&P 500 had an annualized return of 11.11%, indicating that Fidelity Advisor Government Income Fund Class A did not perform as well as the benchmark.


FVIAX

YTD

-0.47%

1M

-1.08%

6M

-0.17%

1Y

-0.25%

5Y*

-1.62%

10Y*

0.03%

^GSPC (Benchmark)

YTD

25.25%

1M

0.08%

6M

9.66%

1Y

25.65%

5Y*

13.17%

10Y*

11.11%

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.05%-1.41%0.44%-2.38%1.49%1.00%2.38%1.19%1.36%-2.62%0.65%-0.47%
20233.05%-2.51%2.69%0.32%-1.05%-0.69%-0.36%-0.68%-2.76%-1.53%4.26%3.33%3.81%
2022-1.64%-0.83%-3.14%-3.29%0.44%-1.15%1.98%-2.76%-4.09%-1.63%3.27%-0.95%-13.17%
2021-0.67%-1.54%-1.36%0.62%0.13%0.58%1.13%-0.17%-0.99%-0.16%0.60%-0.63%-2.46%
20202.06%2.17%2.38%0.61%-0.30%0.04%0.95%-1.02%0.13%-1.74%0.30%-0.49%5.10%
20190.48%-0.24%1.77%-0.32%2.22%0.73%-0.04%2.73%-0.70%0.11%-0.26%-0.52%6.06%
2018-1.22%-0.76%0.60%-0.61%0.74%-0.10%-0.22%0.55%-0.75%-0.54%0.87%1.89%0.40%
20170.23%0.31%0.03%0.61%0.60%-0.17%0.12%0.89%-0.75%-0.08%-0.26%0.24%1.77%
20161.67%0.76%0.21%-0.08%0.03%1.72%0.29%-0.46%0.10%-1.31%-2.47%-0.36%0.02%
20151.99%-1.22%0.47%-0.29%-0.29%-0.86%0.77%-0.10%0.67%-0.25%-0.37%-0.39%0.08%
20141.51%0.20%-0.17%0.60%0.99%-0.08%-0.28%0.98%-0.47%0.88%0.76%0.06%5.09%
2013-0.58%0.45%-0.03%0.64%-1.62%-1.27%-0.11%-0.59%0.97%0.50%-0.28%-0.88%-2.80%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FVIAX is 8, meaning it’s performing worse than 92% of other 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 FVIAX is 88
Overall Rank
The Sharpe Ratio Rank of FVIAX is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of FVIAX is 77
Sortino Ratio Rank
The Omega Ratio Rank of FVIAX is 77
Omega Ratio Rank
The Calmar Ratio Rank of FVIAX is 99
Calmar Ratio Rank
The Martin Ratio Rank of FVIAX is 88
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 Government Income Fund Class A (FVIAX) 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 FVIAX, currently valued at -0.08, compared to the broader market-1.000.001.002.003.004.00-0.082.07
The chart of Sortino ratio for FVIAX, currently valued at -0.07, compared to the broader market-2.000.002.004.006.008.0010.00-0.072.76
The chart of Omega ratio for FVIAX, currently valued at 0.99, compared to the broader market0.501.001.502.002.503.003.500.991.39
The chart of Calmar ratio for FVIAX, currently valued at -0.03, compared to the broader market0.002.004.006.008.0010.0012.0014.00-0.033.05
The chart of Martin ratio for FVIAX, currently valued at -0.21, compared to the broader market0.0020.0040.0060.00-0.2113.27
FVIAX
^GSPC

The current Fidelity Advisor Government Income Fund Class A Sharpe ratio is -0.08. 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 Government Income Fund Class A 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 Ratio0.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.08
2.07
FVIAX (Fidelity Advisor Government Income Fund Class A)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity Advisor Government Income Fund Class A provided a 2.87% dividend yield over the last twelve months, with an annual payout of $0.26 per share. The fund has been increasing its distributions for 2 consecutive years.


0.50%1.00%1.50%2.00%$0.00$0.05$0.10$0.15$0.2020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.26$0.21$0.11$0.05$0.09$0.19$0.18$0.15$0.14$0.22$0.17$0.12

Dividend yield

2.87%2.23%1.17%0.48%0.79%1.78%1.76%1.47%1.32%2.12%1.57%1.13%

Monthly Dividends

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.00$0.24
2023$0.01$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.21
2022$0.01$0.00$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.11
2021$0.01$0.00$0.01$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.05
2020$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.00$0.01$0.00$0.01$0.09
2019$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.01$0.02$0.19
2018$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.02$0.02$0.02$0.02$0.18
2017$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.15
2016$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.14
2015$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.09$0.01$0.03$0.22
2014$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.01$0.03$0.17
2013$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.12

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.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-15.02%
-1.91%
FVIAX (Fidelity Advisor Government Income Fund Class A)
Benchmark (^GSPC)

Worst Drawdowns

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 21.37%, occurring on Oct 19, 2023. The portfolio has not yet recovered.

The current Fidelity Advisor Government Income Fund Class A drawdown is 15.02%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-21.37%Aug 5, 2020813Oct 19, 2023
-5.71%Jul 11, 2016469May 17, 2018258May 28, 2019727
-4.67%May 3, 201387Sep 5, 2013237Aug 14, 2014324
-3.91%Nov 5, 201065Feb 8, 201178Jun 1, 2011143
-3.75%Mar 10, 20208Mar 19, 20209Apr 1, 202017

Volatility

Volatility Chart

The current Fidelity Advisor Government Income Fund Class A volatility is 1.82%, 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.


1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
1.82%
3.82%
FVIAX (Fidelity Advisor Government Income Fund Class A)
Benchmark (^GSPC)
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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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