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

Correlation

The correlation between FAHCX and VWEAX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

FAHCX vs. VWEAX - 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 Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FAHCX:

0.88

VWEAX:

2.14

Sortino Ratio

FAHCX:

1.26

VWEAX:

3.18

Omega Ratio

FAHCX:

1.18

VWEAX:

1.51

Calmar Ratio

FAHCX:

0.87

VWEAX:

2.74

Martin Ratio

FAHCX:

3.30

VWEAX:

11.09

Ulcer Index

FAHCX:

1.85%

VWEAX:

0.64%

Daily Std Dev

FAHCX:

6.75%

VWEAX:

3.42%

Max Drawdown

FAHCX:

-48.54%

VWEAX:

-30.03%

Current Drawdown

FAHCX:

-2.23%

VWEAX:

-0.38%

Returns By Period

In the year-to-date period, FAHCX achieves a 0.08% return, which is significantly lower than VWEAX's 1.58% return. Over the past 10 years, FAHCX has outperformed VWEAX with an annualized return of 5.36%, while VWEAX has yielded a comparatively lower 4.50% annualized return.


FAHCX

YTD

0.08%

1M

3.42%

6M

-0.52%

1Y

6.09%

5Y*

7.83%

10Y*

5.36%

VWEAX

YTD

1.58%

1M

2.07%

6M

1.51%

1Y

7.28%

5Y*

5.24%

10Y*

4.50%

*Annualized

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FAHCX vs. VWEAX - Expense Ratio Comparison

FAHCX has a 0.74% expense ratio, which is higher than VWEAX's 0.13% expense ratio.


Risk-Adjusted Performance

FAHCX vs. VWEAX — 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

VWEAX
The Risk-Adjusted Performance Rank of VWEAX is 9595
Overall Rank
The Sharpe Ratio Rank of VWEAX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of VWEAX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of VWEAX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of VWEAX is 9696
Calmar Ratio Rank
The Martin Ratio Rank of VWEAX is 9696
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. VWEAX - 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 Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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 VWEAX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of FAHCX and VWEAX, 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. VWEAX - Dividend Comparison

FAHCX's dividend yield for the trailing twelve months is around 4.55%, less than VWEAX's 5.74% 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%
VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares
5.74%6.18%5.79%5.20%4.24%4.72%5.32%6.10%5.42%5.49%5.99%5.71%

Drawdowns

FAHCX vs. VWEAX - Drawdown Comparison

The maximum FAHCX drawdown since its inception was -48.54%, which is greater than VWEAX's maximum drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for FAHCX and VWEAX. For additional features, visit the drawdowns tool.


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Volatility

FAHCX vs. VWEAX - Volatility Comparison

Fidelity Advisor High Income Advantage Fund Class I (FAHCX) has a higher volatility of 2.24% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 1.17%. This indicates that FAHCX's price experiences larger fluctuations and is considered to be riskier than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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