ACTIX vs. FDETX

Last updated Aug 1, 2026

ACTIX (Advisors Capital Tactical Fixed Income Fund) and FDETX (Fidelity Advisor Capital Development Fund Class O) are both Large Cap Value Equities funds. Over the past 5 years, ACTIX returned 0.36%/yr vs 16.56%/yr for FDETX. Their 0.39 correlation means their historical movements had little consistent relationship. ACTIX charges 2.09%/yr vs 0.56%/yr for FDETX.

Performance

ACTIX vs. FDETX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisors Capital Tactical Fixed Income Fund (ACTIX) and Fidelity Advisor Capital Development Fund Class O (FDETX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACTIX achieves a -0.84% return, which is significantly lower than FDETX's 10.79% return.

ACTIX

• 1D: 0.21%
• 1M: -1.25%
• 6M: -1.15%
• YTD: -0.84%
• 1Y: 1.15%
• 3Y*: 3.93%
• 5Y*: 0.36%
• 10Y*: —
• ALL TIME*: 0.78%

FDETX

• 1D: 1.83%
• 1M: -0.03%
• 6M: 7.37%
• YTD: 10.79%
• 1Y: 23.78%
• 3Y*: 23.22%
• 5Y*: 16.56%
• 10Y*: 15.67%
• ALL TIME*: 15.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACTIX Advisors Capital Tactical Fixed Income Fund	$0.00	$0.00	$0.00
FDETX Fidelity Advisor Capital Development Fund Class O	$0.00	$0.00	$0.00

ACTIX vs. FDETX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ACTIX Advisors Capital Tactical Fixed Income Fund	-0.84%	6.08%	3.07%	5.97%	-9.94%	0.75%
FDETX Fidelity Advisor Capital Development Fund Class O	10.79%	27.60%	27.07%	24.20%	-8.00%	14.70%

Correlation

The correlation between ACTIX and FDETX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (5Y) Shows whether the relationship held over a longer period.	0.40
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021	0.39

The correlation between ACTIX and FDETX shifts across timeframes, from 0.37 (3 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ACTIX vs. FDETX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ACTIX

ACTIX Risk / Return Rank: 12
ACTIX Sharpe Ratio Rank: 12
ACTIX Sortino Ratio Rank: 11
ACTIX Omega Ratio Rank: 11
ACTIX Calmar Ratio Rank: 12
ACTIX Martin Ratio Rank: 13

FDETX

FDETX Risk / Return Rank: 72
FDETX Sharpe Ratio Rank: 71
FDETX Sortino Ratio Rank: 70
FDETX Omega Ratio Rank: 68
FDETX Calmar Ratio Rank: 70
FDETX Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ACTIX vs. FDETX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisors Capital Tactical Fixed Income Fund (ACTIX) and Fidelity Advisor Capital Development Fund Class O (FDETX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ACTIX	FDETX	Difference
Sharpe ratio: Return per unit of total volatility	0.46	1.64	-1.18
Sortino ratio: Return per unit of downside risk	0.68	2.32	-1.64
Omega ratio: Gain probability vs. loss probability	1.08	1.29	-0.21
Calmar ratio: Return relative to maximum drawdown	0.58	2.24	-1.65
Martin ratio: Return relative to average drawdown	1.73	9.93	-8.20

ACTIX vs. FDETX - Sharpe Ratio Comparison

The current ACTIX Sharpe Ratio is 0.46, which is lower than the FDETX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of ACTIX and FDETX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACTIX vs. FDETX - Drawdown Comparison

The maximum ACTIX drawdown since its inception was -14.29%, smaller than the maximum FDETX drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for ACTIX and FDETX.

Drawdown Indicators

	ACTIX	FDETX	Difference
Max Drawdown Largest peak-to-trough decline	-14.29%	-66.86%	+52.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.90%	-9.64%	+6.74%
Max Drawdown (3Y) Largest decline over 3 years	-3.95%	-19.76%	+15.81%
Max Drawdown (5Y) Largest decline over 5 years	-14.29%	-21.72%	+7.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.61%	—
Current Drawdown Current decline from peak	-1.97%	-1.10%	-0.87%
Average Drawdown Average peak-to-trough decline	-4.89%	-11.18%	+6.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	2.17%	-1.20%

Volatility

ACTIX vs. FDETX - Volatility Comparison

The current volatility for Advisors Capital Tactical Fixed Income Fund (ACTIX) is 0.97%, while Fidelity Advisor Capital Development Fund Class O (FDETX) has a volatility of 3.43%. This indicates that ACTIX experiences smaller price fluctuations and is considered to be less risky than FDETX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACTIX	FDETX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	3.43%	-2.46%
Volatility (6M) Calculated over the trailing 6-month period	2.96%	10.15%	-7.19%
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	13.12%	-9.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.70%	17.58%	-12.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.58%	18.75%	-14.17%

ACTIX vs. FDETX - Expense Ratio Comparison

ACTIX has a 2.09% expense ratio, which is higher than FDETX's 0.56% expense ratio.

Dividends

ACTIX vs. FDETX - Dividend Comparison

ACTIX's dividend yield for the trailing twelve months is around 3.11%, less than FDETX's 9.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACTIX Advisors Capital Tactical Fixed Income Fund	3.11%	3.09%	3.18%	2.44%	1.10%	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDETX Fidelity Advisor Capital Development Fund Class O	9.33%	10.34%	8.95%	4.39%	5.66%	5.63%	4.47%	7.46%	15.81%	5.34%	2.92%	5.97%

Frequently Asked Questions

Can I hold both ACTIX and FDETX in my portfolio?

ACTIX and FDETX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACTIX or FDETX?

FDETX has higher volatility (3.43%) compared to ACTIX (0.97%). In terms of maximum drawdown, ACTIX dropped -14.29% vs FDETX's -66.86%.

Which has better risk-adjusted returns?

FDETX currently has the higher Sharpe Ratio (1.64 vs 0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.