FAHCX vs. FDVV

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class I (FAHCX) and Fidelity High Dividend ETF (FDVV).

FAHCX is managed by Fidelity. It was launched on Jul 3, 1995. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.

Performance

FAHCX vs. FDVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor High Income Advantage Fund Class I (FAHCX) and Fidelity High Dividend ETF (FDVV). The values are adjusted to include any dividend payments, if applicable.

FAHCX vs. FDVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAHCX Fidelity Advisor High Income Advantage Fund Class I	0.45%	12.06%	9.50%	12.15%	-11.15%	10.96%	8.94%	17.81%	-5.25%	11.74%
FDVV Fidelity High Dividend ETF	-1.50%	17.08%	21.81%	18.00%	-4.21%	29.24%	2.80%	24.07%	-1.26%	14.00%

Returns By Period

In the year-to-date period, FAHCX achieves a 0.45% return, which is significantly higher than FDVV's -1.50% return.

FAHCX

• 1D: 1.21%
• 1M: -1.76%
• YTD: 0.45%
• 6M: 1.86%
• 1Y: 13.51%
• 3Y*: 10.09%
• 5Y*: 5.53%
• 10Y*: 7.56%

FDVV

• 1D: 0.29%
• 1M: -4.85%
• YTD: -1.50%
• 6M: 0.38%
• 1Y: 15.18%
• 3Y*: 17.01%
• 5Y*: 12.74%
• 10Y*: —

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

FAHCX vs. FDVV - Expense Ratio Comparison

FAHCX has a 0.74% expense ratio, which is higher than FDVV's 0.29% expense ratio.

FAHCX

Fidelity Advisor High Income Advantage Fund Class I

FDVV

Fidelity High Dividend ETF

Return for Risk

FAHCX vs. FDVV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAHCX

FAHCX Risk / Return Rank: 93
FAHCX Sharpe Ratio Rank: 92
FAHCX Sortino Ratio Rank: 93
FAHCX Omega Ratio Rank: 91
FAHCX Calmar Ratio Rank: 94
FAHCX Martin Ratio Rank: 96

FDVV

FDVV Risk / Return Rank: 53
FDVV Sharpe Ratio Rank: 53
FDVV Sortino Ratio Rank: 53
FDVV Omega Ratio Rank: 60
FDVV Calmar Ratio Rank: 45
FDVV Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAHCX vs. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class I (FAHCX) and Fidelity High Dividend ETF (FDVV). 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.

	FAHCX	FDVV	Difference
Sharpe ratio Return per unit of total volatility	2.06	1.00	+1.07
Sortino ratio Return per unit of downside risk	2.87	1.44	+1.43
Omega ratio Gain probability vs. loss probability	1.43	1.23	+0.20
Calmar ratio Return relative to maximum drawdown	3.27	1.23	+2.04
Martin ratio Return relative to average drawdown	14.21	5.34	+8.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAHCX vs. FDVV - Sharpe Ratio Comparison

The current FAHCX Sharpe Ratio is 2.06, which is higher than the FDVV Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of FAHCX and FDVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FAHCX	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	1.00	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.87	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.74	+0.22

Correlation

The correlation between FAHCX and FDVV is 0.72, 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

FAHCX vs. FDVV - Dividend Comparison

FAHCX's dividend yield for the trailing twelve months is around 4.35%, more than FDVV's 2.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAHCX Fidelity Advisor High Income Advantage Fund Class I	4.35%	4.73%	4.18%	4.70%	7.35%	4.94%	3.70%	4.51%	6.09%	4.95%	5.53%	4.42%
FDVV Fidelity High Dividend ETF	2.99%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%	0.00%

Drawdowns

FAHCX vs. FDVV - Drawdown Comparison

The maximum FAHCX drawdown since its inception was -48.10%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FAHCX and FDVV.

Drawdown Indicators

	FAHCX	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-48.10%	-40.25%	-7.85%
Max Drawdown (1Y) Largest decline over 1 year	-4.34%	-12.34%	+8.00%
Max Drawdown (5Y) Largest decline over 5 years	-15.16%	-20.18%	+5.02%
Max Drawdown (10Y) Largest decline over 10 years	-28.49%	—	—
Current Drawdown Current decline from peak	-1.96%	-6.78%	+4.82%
Average Drawdown Average peak-to-trough decline	-4.64%	-3.85%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	2.84%	-1.84%

Volatility

FAHCX vs. FDVV - Volatility Comparison

The current volatility for Fidelity Advisor High Income Advantage Fund Class I (FAHCX) is 2.56%, while Fidelity High Dividend ETF (FDVV) has a volatility of 4.47%. This indicates that FAHCX experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAHCX	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	4.47%	-1.91%
Volatility (6M) Calculated over the trailing 6-month period	4.31%	7.68%	-3.37%
Volatility (1Y) Calculated over the trailing 1-year period	6.74%	15.32%	-8.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.31%	14.74%	-8.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.61%	17.08%	-9.47%