FAHCX vs. FMSDX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class I (FAHCX) and Fidelity Multi-Asset Income Fund (FMSDX).
FAHCX is managed by Fidelity. It was launched on Jul 3, 1995. FMSDX is managed by Fidelity. It was launched on Sep 9, 2015.
Performance
FAHCX vs. FMSDX - Performance Comparison
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FAHCX vs. FMSDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FAHCX Fidelity Advisor High Income Advantage Fund Class I | -0.75% | 12.06% | 9.50% | 12.15% | -11.15% | 10.96% | 8.94% | 17.81% | -5.40% |
FMSDX Fidelity Multi-Asset Income Fund | 0.32% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
Returns By Period
In the year-to-date period, FAHCX achieves a -0.75% return, which is significantly lower than FMSDX's 0.32% return.
FAHCX
- 1D
- -0.52%
- 1M
- -2.85%
- YTD
- -0.75%
- 6M
- 0.81%
- 1Y
- 12.47%
- 3Y*
- 9.65%
- 5Y*
- 5.37%
- 10Y*
- 7.43%
FMSDX
- 1D
- -0.39%
- 1M
- -6.19%
- YTD
- 0.32%
- 6M
- 0.22%
- 1Y
- 16.81%
- 3Y*
- 9.80%
- 5Y*
- 5.96%
- 10Y*
- —
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FAHCX vs. FMSDX - Expense Ratio Comparison
FAHCX has a 0.74% expense ratio, which is lower than FMSDX's 0.78% expense ratio.
Return for Risk
FAHCX vs. FMSDX — Risk / Return Rank
FAHCX
FMSDX
FAHCX vs. FMSDX - 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 Multi-Asset Income Fund (FMSDX). 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 | FMSDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 1.46 | +0.48 |
Sortino ratioReturn per unit of downside risk | 2.67 | 1.99 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.28 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.06 | +0.73 |
Martin ratioReturn relative to average drawdown | 12.20 | 7.80 | +4.40 |
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
| FAHCX | FMSDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 1.46 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.61 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.84 | +0.11 |
Correlation
The correlation between FAHCX and FMSDX is 0.83, 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. FMSDX - Dividend Comparison
FAHCX's dividend yield for the trailing twelve months is around 4.41%, more than FMSDX's 3.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHCX Fidelity Advisor High Income Advantage Fund Class I | 4.41% | 4.73% | 4.18% | 4.70% | 7.35% | 4.94% | 3.70% | 4.51% | 6.09% | 4.95% | 5.53% | 4.42% |
FMSDX Fidelity Multi-Asset Income Fund | 3.53% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAHCX vs. FMSDX - Drawdown Comparison
The maximum FAHCX drawdown since its inception was -48.10%, which is greater than FMSDX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for FAHCX and FMSDX.
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Drawdown Indicators
| FAHCX | FMSDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.10% | -21.64% | -26.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -7.94% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -18.12% | +2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -28.49% | — | — |
Current DrawdownCurrent decline from peak | -3.13% | -6.47% | +3.34% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -3.87% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.09% | -1.10% |
Volatility
FAHCX vs. FMSDX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Advantage Fund Class I (FAHCX) is 2.18%, while Fidelity Multi-Asset Income Fund (FMSDX) has a volatility of 3.94%. This indicates that FAHCX experiences smaller price fluctuations and is considered to be less risky than FMSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHCX | FMSDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 3.94% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 8.00% | -3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.66% | 11.87% | -5.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 9.75% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.60% | 10.61% | -3.01% |