BGB vs. FIQTX
BGB (Blackstone GSO Strategic Credit Closed Fund) and FIQTX (Fidelity Advisor High Income Advantage Fund Class Z) are both High Yield Bonds funds. Over the past 5 years, BGB returned 4.65%/yr vs 5.89%/yr for FIQTX. Their 0.43 correlation means their historical movements had little consistent relationship. BGB charges 2.36%/yr vs 0.64%/yr for FIQTX.
Performance
BGB vs. FIQTX - Performance Comparison
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Returns By Period
In the year-to-date period, BGB achieves a -1.21% return, which is significantly lower than FIQTX's 4.93% return.
BGB
- 1D
- 0.00%
- 1M
- -0.66%
- 6M
- -1.21%
- YTD
- -1.21%
- 1Y
- -2.25%
- 3Y*
- 9.67%
- 5Y*
- 4.65%
- 10Y*
- 6.12%
- ALL TIME*
- 4.25%
FIQTX
- 1D
- 0.92%
- 1M
- -1.55%
- 6M
- 3.35%
- YTD
- 4.93%
- 1Y
- 10.13%
- 3Y*
- 10.64%
- 5Y*
- 5.89%
- 10Y*
- —
- ALL TIME*
- 7.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.47M | $1.35M | $1.36M | |
| $0.00 | $0.00 | $0.00 |
BGB vs. FIQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | -1.21% | 4.80% | 18.69% | 19.50% | -16.06% | 15.41% | -4.69% | 17.07% | -9.69% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 4.93% | 12.17% | 10.38% | 12.37% | -11.16% | 11.13% | 9.06% | 17.93% | -6.84% |
Correlation
The correlation between BGB and FIQTX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.43 |
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Return for Risk
BGB vs. FIQTX — Risk / Return Rank
BGB
FIQTX
BGB vs. FIQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone GSO Strategic Credit Closed Fund (BGB) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX). 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.
| BGB | FIQTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.28 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 2.67 | -2.94 |
| Martin ratioReturn relative to average drawdown | -0.52 | 10.37 | -10.89 |
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Drawdowns
BGB vs. FIQTX - Drawdown Comparison
The maximum BGB drawdown since its inception was -44.87%, which is greater than FIQTX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for BGB and FIQTX.
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Drawdown Indicators
| BGB | FIQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.87% | -28.49% | -16.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.06% | -3.71% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -6.96% | -5.81% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -15.16% | -6.07% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | — | — |
Current DrawdownCurrent decline from peak | -4.57% | -2.83% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -5.96% | -3.26% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 0.95% | +3.70% |
Volatility
BGB vs. FIQTX - Volatility Comparison
The current volatility for Blackstone GSO Strategic Credit Closed Fund (BGB) is 0.74%, while Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a volatility of 2.00%. This indicates that BGB experiences smaller price fluctuations and is considered to be less risky than FIQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGB | FIQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 2.00% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 5.31% | 5.36% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 6.37% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 6.55% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 8.37% | +7.69% |
BGB vs. FIQTX - Expense Ratio Comparison
BGB has a 2.36% expense ratio, which is higher than FIQTX's 0.64% expense ratio.
Dividends
BGB vs. FIQTX - Dividend Comparison
BGB's dividend yield for the trailing twelve months is around 8.44%, more than FIQTX's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGB Blackstone GSO Strategic Credit Closed Fund | 8.44% | 8.58% | 9.26% | 10.69% | 7.35% | 6.63% | 8.77% | 9.30% | 11.18% | 7.35% | 8.76% | 9.42% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 4.22% | 4.83% | 5.06% | 4.79% | 7.43% | 5.01% | 3.80% | 4.61% | 2.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGB and FIQTX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIQTX has higher volatility (2.00%) compared to BGB (0.74%). In terms of maximum drawdown, BGB dropped -44.87% vs FIQTX's -28.49%.
FIQTX currently has the higher Sharpe Ratio (1.56 vs -0.33), 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.
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