CPHYX vs. FIQTX
Compare and contrast key facts about Principal High Yield Fund (CPHYX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX).
CPHYX is managed by Principal. It was launched on Apr 8, 1998. FIQTX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
CPHYX vs. FIQTX - Performance Comparison
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CPHYX vs. FIQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CPHYX Principal High Yield Fund | -0.74% | 6.68% | 7.09% | 11.27% | -9.32% | 5.41% | 6.11% | 13.24% | -4.59% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 0.98% | 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, CPHYX achieves a -0.74% return, which is significantly lower than FIQTX's 0.98% return.
CPHYX
- 1D
- 0.30%
- 1M
- -1.33%
- YTD
- -0.74%
- 6M
- 0.04%
- 1Y
- 5.02%
- 3Y*
- 6.77%
- 5Y*
- 3.55%
- 10Y*
- 5.27%
FIQTX
- 1D
- 0.51%
- 1M
- -0.76%
- YTD
- 0.98%
- 6M
- 2.25%
- 1Y
- 13.78%
- 3Y*
- 10.68%
- 5Y*
- 5.90%
- 10Y*
- —
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CPHYX vs. FIQTX - Expense Ratio Comparison
CPHYX has a 0.91% expense ratio, which is higher than FIQTX's 0.64% expense ratio.
Return for Risk
CPHYX vs. FIQTX — Risk / Return Rank
CPHYX
FIQTX
CPHYX vs. FIQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal High Yield Fund (CPHYX) 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.
| CPHYX | FIQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 2.12 | -0.86 |
Sortino ratioReturn per unit of downside risk | 1.64 | 2.95 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.35 | -1.79 |
Martin ratioReturn relative to average drawdown | 7.01 | 14.64 | -7.63 |
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
| CPHYX | FIQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.12 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.94 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.84 | +0.28 |
Correlation
The correlation between CPHYX and FIQTX is 0.74, 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
CPHYX vs. FIQTX - Dividend Comparison
CPHYX's dividend yield for the trailing twelve months is around 6.03%, more than FIQTX's 4.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPHYX Principal High Yield Fund | 6.03% | 6.46% | 6.23% | 4.70% | 4.56% | 4.72% | 4.82% | 5.50% | 6.18% | 4.90% | 5.62% | 6.24% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 4.42% | 4.83% | 5.06% | 4.79% | 7.43% | 5.01% | 3.80% | 4.61% | 2.54% | 0.00% | 0.00% | 0.00% |
Drawdowns
CPHYX vs. FIQTX - Drawdown Comparison
The maximum CPHYX drawdown since its inception was -27.79%, roughly equal to the maximum FIQTX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for CPHYX and FIQTX.
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Drawdown Indicators
| CPHYX | FIQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.79% | -28.49% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -3.12% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -15.16% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -20.68% | — | — |
Current DrawdownCurrent decline from peak | -1.58% | -1.45% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -3.37% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.99% | -0.23% |
Volatility
CPHYX vs. FIQTX - Volatility Comparison
The current volatility for Principal High Yield Fund (CPHYX) is 1.48%, while Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a volatility of 2.66%. This indicates that CPHYX 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
| CPHYX | FIQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.66% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 4.32% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 6.73% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 6.32% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.36% | 8.40% | -3.04% |