FAHDX vs. FAHCX
FAHDX (Fidelity Advisor High Income Advantage Fund Class A) and FAHCX (Fidelity Advisor High Income Advantage Fund Class I) are both High Yield Bonds funds from Fidelity. Over the past 10 years, FAHDX returned 7.04%/yr vs 7.28%/yr for FAHCX. Their 0.96 correlation means they have historically moved very closely together. FAHDX charges 0.99%/yr vs 0.74%/yr for FAHCX.
Performance
FAHDX vs. FAHCX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FAHDX having a 4.71% return and FAHCX slightly higher at 4.88%. Both investments have delivered pretty close results over the past 10 years, with FAHDX having a 7.04% annualized return and FAHCX not far ahead at 7.28%.
FAHDX
- 1D
- 0.93%
- 1M
- -1.44%
- 6M
- 3.24%
- YTD
- 4.71%
- 1Y
- 9.87%
- 3Y*
- 10.03%
- 5Y*
- 5.39%
- 10Y*
- 7.04%
- ALL TIME*
- 6.17%
FAHCX
- 1D
- 0.92%
- 1M
- -1.47%
- 6M
- 3.31%
- YTD
- 4.88%
- 1Y
- 10.03%
- 3Y*
- 10.28%
- 5Y*
- 5.63%
- 10Y*
- 7.28%
- ALL TIME*
- 7.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FAHDX vs. FAHCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAHDX Fidelity Advisor High Income Advantage Fund Class A | 4.71% | 11.79% | 9.26% | 12.00% | -11.37% | 10.78% | 8.72% | 17.39% | -5.44% | 11.40% |
FAHCX Fidelity Advisor High Income Advantage Fund Class I | 4.88% | 12.06% | 9.50% | 12.15% | -11.15% | 10.96% | 8.94% | 17.81% | -5.25% | 11.74% |
Correlation
The correlation between FAHDX and FAHCX is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993 | 0.96 |
The correlation between FAHDX and FAHCX has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
FAHDX vs. FAHCX — Risk / Return Rank
FAHDX
FAHCX
FAHDX vs. FAHCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class A (FAHDX) and Fidelity Advisor High Income Advantage Fund Class I (FAHCX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FAHDX | FAHCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.63 | -0.04 |
| Martin ratioReturn relative to average drawdown | 9.88 | 10.16 | -0.28 |
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Drawdowns
FAHDX vs. FAHCX - Drawdown Comparison
The maximum FAHDX drawdown since its inception was -48.43%, roughly equal to the maximum FAHCX drawdown of -48.10%. Use the drawdown chart below to compare losses from any high point for FAHDX and FAHCX.
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Drawdown Indicators
| FAHDX | FAHCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.43% | -48.10% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -3.72% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.00% | -6.98% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -15.29% | -15.16% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -28.43% | -28.49% | +0.06% |
Current DrawdownCurrent decline from peak | -2.79% | -2.83% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -4.60% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.96% | +0.01% |
Volatility
FAHDX vs. FAHCX - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class A (FAHDX) and Fidelity Advisor High Income Advantage Fund Class I (FAHCX) have volatilities of 2.10% and 2.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHDX | FAHCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 2.05% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 5.34% | 5.33% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 6.37% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.52% | 6.54% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.64% | 7.63% | +0.01% |
FAHDX vs. FAHCX - Expense Ratio Comparison
FAHDX has a 0.99% expense ratio, which is higher than FAHCX's 0.74% expense ratio.
Dividends
FAHDX vs. FAHCX - Dividend Comparison
FAHDX's dividend yield for the trailing twelve months is around 3.88%, less than FAHCX's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHCX Fidelity Advisor High Income Advantage Fund Class I | 4.13% | 4.73% | 4.18% | 4.70% | 7.35% | 4.94% | 3.70% | 4.51% | 6.09% | 4.95% | 5.53% | 4.42% |
FAHDX Fidelity Advisor High Income Advantage Fund Class A | 3.88% | 4.45% | 3.95% | 4.47% | 6.87% | 4.56% | 3.47% | 4.26% | 5.72% | 4.66% | 5.28% | 4.20% |
Frequently Asked Questions
With a correlation of 0.99, FAHDX and FAHCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FAHDX has higher volatility (2.10%) compared to FAHCX (2.05%). In terms of maximum drawdown, FAHDX dropped -48.43% vs FAHCX's -48.10%.
FAHCX currently has the higher Sharpe Ratio (1.54 vs 1.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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