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FAHCX vs. FSHNX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FAHCX and FSHNX is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

FAHCX vs. FSHNX - 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 Series High Income Fund (FSHNX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FAHCX:

0.88

FSHNX:

2.22

Sortino Ratio

FAHCX:

1.26

FSHNX:

3.15

Omega Ratio

FAHCX:

1.18

FSHNX:

1.52

Calmar Ratio

FAHCX:

0.87

FSHNX:

2.16

Martin Ratio

FAHCX:

3.30

FSHNX:

9.43

Ulcer Index

FAHCX:

1.85%

FSHNX:

0.93%

Daily Std Dev

FAHCX:

6.75%

FSHNX:

3.91%

Max Drawdown

FAHCX:

-48.54%

FSHNX:

-21.98%

Current Drawdown

FAHCX:

-2.23%

FSHNX:

-0.71%

Returns By Period

In the year-to-date period, FAHCX achieves a 0.08% return, which is significantly lower than FSHNX's 1.37% return. Over the past 10 years, FAHCX has outperformed FSHNX with an annualized return of 5.36%, while FSHNX has yielded a comparatively lower 4.87% annualized return.


FAHCX

YTD

0.08%

1M

3.42%

6M

-0.52%

1Y

6.09%

5Y*

7.83%

10Y*

5.36%

FSHNX

YTD

1.37%

1M

3.23%

6M

1.48%

1Y

8.74%

5Y*

6.04%

10Y*

4.87%

*Annualized

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FAHCX vs. FSHNX - Expense Ratio Comparison

FAHCX has a 0.74% expense ratio, which is higher than FSHNX's 0.00% expense ratio.


Risk-Adjusted Performance

FAHCX vs. FSHNX — Risk-Adjusted Performance Rank

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

FAHCX
The Risk-Adjusted Performance Rank of FAHCX is 8282
Overall Rank
The Sharpe Ratio Rank of FAHCX is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of FAHCX is 7979
Sortino Ratio Rank
The Omega Ratio Rank of FAHCX is 8282
Omega Ratio Rank
The Calmar Ratio Rank of FAHCX is 8585
Calmar Ratio Rank
The Martin Ratio Rank of FAHCX is 8282
Martin Ratio Rank

FSHNX
The Risk-Adjusted Performance Rank of FSHNX is 9595
Overall Rank
The Sharpe Ratio Rank of FSHNX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of FSHNX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of FSHNX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of FSHNX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of FSHNX is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FAHCX vs. FSHNX - Risk-Adjusted Performance Comparison

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


The current FAHCX Sharpe Ratio is 0.88, which is lower than the FSHNX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of FAHCX and FSHNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FAHCX vs. FSHNX - Dividend Comparison

FAHCX's dividend yield for the trailing twelve months is around 4.55%, less than FSHNX's 6.75% yield.


TTM20242023202220212020201920182017201620152014
FAHCX
Fidelity Advisor High Income Advantage Fund Class I
4.55%4.96%5.12%4.73%3.23%3.71%4.45%6.10%4.94%4.74%5.28%4.71%
FSHNX
Fidelity Series High Income Fund
6.75%6.50%6.20%6.34%5.39%5.58%6.32%6.96%6.04%5.61%7.05%9.21%

Drawdowns

FAHCX vs. FSHNX - Drawdown Comparison

The maximum FAHCX drawdown since its inception was -48.54%, which is greater than FSHNX's maximum drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for FAHCX and FSHNX. For additional features, visit the drawdowns tool.


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Volatility

FAHCX vs. FSHNX - Volatility Comparison

Fidelity Advisor High Income Advantage Fund Class I (FAHCX) has a higher volatility of 2.24% compared to Fidelity Series High Income Fund (FSHNX) at 1.26%. This indicates that FAHCX's price experiences larger fluctuations and is considered to be riskier than FSHNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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