FAHCX vs. PRCPX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class I (FAHCX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
FAHCX is managed by Fidelity. It was launched on Jul 3, 1995. PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014.
Performance
FAHCX vs. PRCPX - Performance Comparison
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FAHCX vs. PRCPX - 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% |
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
Returns By Period
In the year-to-date period, FAHCX achieves a -0.75% return, which is significantly lower than PRCPX's -0.13% return. Over the past 10 years, FAHCX has outperformed PRCPX with an annualized return of 7.43%, while PRCPX has yielded a comparatively lower 6.83% 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%
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
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FAHCX vs. PRCPX - Expense Ratio Comparison
FAHCX has a 0.74% expense ratio, which is lower than PRCPX's 0.81% expense ratio.
Return for Risk
FAHCX vs. PRCPX — Risk / Return Rank
FAHCX
PRCPX
FAHCX vs. PRCPX - 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 T. Rowe Price Credit Opportunities Fund (PRCPX). 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 | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.94 | 3.47 | -1.54 |
Sortino ratioReturn per unit of downside risk | 2.67 | 5.52 | -2.85 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.93 | -0.52 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 4.53 | -1.74 |
Martin ratioReturn relative to average drawdown | 12.20 | 21.08 | -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. | |||
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Sharpe Ratios by Period
| FAHCX | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 3.47 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 1.23 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 1.26 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.88 | +0.07 |
Correlation
The correlation between FAHCX and PRCPX 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. PRCPX - Dividend Comparison
FAHCX's dividend yield for the trailing twelve months is around 4.41%, less than PRCPX's 12.89% 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% |
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Drawdowns
FAHCX vs. PRCPX - Drawdown Comparison
The maximum FAHCX drawdown since its inception was -48.10%, which is greater than PRCPX's maximum drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for FAHCX and PRCPX.
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Drawdown Indicators
| FAHCX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.10% | -23.07% | -25.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -3.03% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -14.34% | -0.82% |
Max Drawdown (10Y)Largest decline over 10 years | -28.49% | -23.07% | -5.42% |
Current DrawdownCurrent decline from peak | -3.13% | -1.74% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -3.16% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.65% | +0.34% |
Volatility
FAHCX vs. PRCPX - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class I (FAHCX) has a higher volatility of 2.18% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 1.10%. This indicates that FAHCX's price experiences larger fluctuations and is considered to be riskier than PRCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHCX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.18% | 1.10% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 2.52% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.66% | 4.11% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 4.79% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.60% | 5.45% | +2.15% |