DSL vs. FIQTX
DSL (DoubleLine Income Solutions Fund) and FIQTX (Fidelity Advisor High Income Advantage Fund Class Z) are both High Yield Bonds funds. Over the past 5 years, DSL returned 1.14%/yr vs 5.89%/yr for FIQTX. Their 0.48 correlation means their historical movements had little consistent relationship. DSL charges 2.28%/yr vs 0.64%/yr for FIQTX.
Performance
DSL vs. FIQTX - Performance Comparison
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Returns By Period
In the year-to-date period, DSL achieves a 1.45% return, which is significantly lower than FIQTX's 4.93% return.
DSL
- 1D
- -0.28%
- 1M
- -2.10%
- 6M
- -1.37%
- YTD
- 1.45%
- 1Y
- -1.01%
- 3Y*
- 7.37%
- 5Y*
- 1.14%
- 10Y*
- 4.86%
- ALL TIME*
- 3.86%
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) |
|---|---|---|---|
| $5.15M | $6.19M | $5.58M | |
| $0.00 | $0.00 | $0.00 |
DSL vs. FIQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 1.45% | -0.01% | 15.00% | 23.41% | -22.61% | 7.39% | -6.49% | 25.10% | -9.35% |
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 DSL and FIQTX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.48 |
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Return for Risk
DSL vs. FIQTX — Risk / Return Rank
DSL
FIQTX
DSL vs. FIQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Income Solutions Fund (DSL) 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.
| DSL | FIQTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.28 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.67 | -2.80 |
| Martin ratioReturn relative to average drawdown | -0.24 | 10.37 | -10.61 |
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Drawdowns
DSL vs. FIQTX - Drawdown Comparison
The maximum DSL drawdown since its inception was -49.51%, which is greater than FIQTX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for DSL and FIQTX.
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Drawdown Indicators
| DSL | FIQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.51% | -28.49% | -21.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -3.71% | -7.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -6.96% | -7.47% |
Max Drawdown (5Y)Largest decline over 5 years | -34.18% | -15.16% | -19.02% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | — | — |
Current DrawdownCurrent decline from peak | -6.31% | -2.83% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -3.26% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 0.95% | +5.04% |
Volatility
DSL vs. FIQTX - Volatility Comparison
DoubleLine Income Solutions Fund (DSL) has a higher volatility of 3.08% compared to Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) at 2.00%. This indicates that DSL's price experiences larger fluctuations and is considered to be riskier 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
| DSL | FIQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.00% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 5.36% | +2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 6.37% | +3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 6.55% | +8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 8.37% | +11.72% |
DSL vs. FIQTX - Expense Ratio Comparison
DSL has a 2.28% expense ratio, which is higher than FIQTX's 0.64% expense ratio.
Dividends
DSL vs. FIQTX - Dividend Comparison
DSL's dividend yield for the trailing twelve months is around 12.37%, more than FIQTX's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DSL DoubleLine Income Solutions Fund | 12.37% | 11.71% | 11.38% | 10.78% | 13.67% | 10.74% | 10.69% | 9.33% | 10.39% | 9.11% | 9.53% | 11.63% |
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
DSL and FIQTX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DSL has higher volatility (3.08%) compared to FIQTX (2.00%). In terms of maximum drawdown, DSL dropped -49.51% vs FIQTX's -28.49%.
FIQTX currently has the higher Sharpe Ratio (1.56 vs -0.15), 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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