CHYDX vs. FIQTX
Compare and contrast key facts about Calamos High Income Opportunities Fund (CHYDX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX).
CHYDX is managed by Calamos. It was launched on Aug 2, 1999. FIQTX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
CHYDX vs. FIQTX - Performance Comparison
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CHYDX vs. FIQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CHYDX Calamos High Income Opportunities Fund | -0.47% | 6.72% | 7.78% | 12.26% | -10.35% | 6.44% | 4.78% | 14.29% | -5.75% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 0.47% | 12.17% | 10.38% | 12.37% | -11.16% | 11.13% | 9.06% | 17.93% | -6.84% |
Returns By Period
In the year-to-date period, CHYDX achieves a -0.47% return, which is significantly lower than FIQTX's 0.47% return.
CHYDX
- 1D
- 0.00%
- 1M
- -1.29%
- YTD
- -0.47%
- 6M
- 0.54%
- 1Y
- 5.27%
- 3Y*
- 7.81%
- 5Y*
- 3.67%
- 10Y*
- 5.12%
FIQTX
- 1D
- 1.21%
- 1M
- -1.84%
- YTD
- 0.47%
- 6M
- 1.90%
- 1Y
- 13.62%
- 3Y*
- 10.49%
- 5Y*
- 5.80%
- 10Y*
- —
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CHYDX vs. FIQTX - Expense Ratio Comparison
CHYDX has a 1.00% expense ratio, which is higher than FIQTX's 0.64% expense ratio.
Return for Risk
CHYDX vs. FIQTX — Risk / Return Rank
CHYDX
FIQTX
CHYDX vs. FIQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos High Income Opportunities Fund (CHYDX) 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.
| CHYDX | FIQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 2.08 | -0.27 |
Sortino ratioReturn per unit of downside risk | 2.50 | 2.90 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.44 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.30 | -1.45 |
Martin ratioReturn relative to average drawdown | 8.54 | 14.47 | -5.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CHYDX | FIQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 2.08 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.92 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.83 | +0.21 |
Correlation
The correlation between CHYDX and FIQTX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CHYDX vs. FIQTX - Dividend Comparison
CHYDX's dividend yield for the trailing twelve months is around 5.74%, more than FIQTX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHYDX Calamos High Income Opportunities Fund | 5.74% | 6.39% | 6.30% | 6.28% | 5.47% | 4.48% | 5.26% | 5.85% | 6.62% | 4.87% | 4.94% | 5.43% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 4.44% | 4.83% | 5.06% | 4.79% | 7.43% | 5.01% | 3.80% | 4.61% | 2.54% | 0.00% | 0.00% | 0.00% |
Drawdowns
CHYDX vs. FIQTX - Drawdown Comparison
The maximum CHYDX drawdown since its inception was -35.03%, which is greater than FIQTX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for CHYDX and FIQTX.
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Drawdown Indicators
| CHYDX | FIQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.03% | -28.49% | -6.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -4.34% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -13.66% | -15.16% | +1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -23.35% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | -1.95% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -2.78% | -3.37% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.99% | -0.38% |
Volatility
CHYDX vs. FIQTX - Volatility Comparison
The current volatility for Calamos High Income Opportunities Fund (CHYDX) is 1.04%, while Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a volatility of 2.65%. This indicates that CHYDX 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
| CHYDX | FIQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 2.65% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 4.31% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 6.72% | -3.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 6.32% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 8.40% | -3.44% |