FAHCX vs. FSKAX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class I (FAHCX) and Fidelity Total Market Index Fund (FSKAX).
FAHCX is managed by Fidelity. It was launched on Jul 3, 1995. FSKAX is managed by Fidelity.
Performance
FAHCX vs. FSKAX - Performance Comparison
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FAHCX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -5.25% | 11.74% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, FAHCX achieves a -0.75% return, which is significantly higher than FSKAX's -6.77% return. Over the past 10 years, FAHCX has underperformed FSKAX with an annualized return of 7.43%, while FSKAX has yielded a comparatively higher 13.23% annualized 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%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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FAHCX vs. FSKAX - Expense Ratio Comparison
FAHCX has a 0.74% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
FAHCX vs. FSKAX — Risk / Return Rank
FAHCX
FSKAX
FAHCX vs. FSKAX - 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 Total Market Index Fund (FSKAX). 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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 0.83 | +1.11 |
Sortino ratioReturn per unit of downside risk | 2.67 | 1.29 | +1.38 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 1.04 | +1.74 |
Martin ratioReturn relative to average drawdown | 12.20 | 5.05 | +7.16 |
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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 0.83 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.59 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 0.72 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.78 | +0.17 |
Correlation
The correlation between FAHCX and FSKAX is 0.75, 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. FSKAX - Dividend Comparison
FAHCX's dividend yield for the trailing twelve months is around 4.41%, more than FSKAX's 1.09% 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% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FAHCX vs. FSKAX - Drawdown Comparison
The maximum FAHCX drawdown since its inception was -48.10%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FAHCX and FSKAX.
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Drawdown Indicators
| FAHCX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.10% | -35.01% | -13.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -12.42% | +8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -25.39% | +10.23% |
Max Drawdown (10Y)Largest decline over 10 years | -28.49% | -35.01% | +6.52% |
Current DrawdownCurrent decline from peak | -3.13% | -8.92% | +5.79% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -4.05% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.57% | -1.58% |
Volatility
FAHCX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Advantage Fund Class I (FAHCX) is 2.18%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.42%. This indicates that FAHCX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHCX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 4.42% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 9.40% | -5.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.66% | 18.50% | -11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 17.38% | -11.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.60% | 18.42% | -10.82% |