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FAHDX vs. FHIFX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FAHDX vs. FHIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor High Income Advantage Fund Class A (FAHDX) and Fidelity Focused High Income Fund (FHIFX). The values are adjusted to include any dividend payments, if applicable.

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FAHDX vs. FHIFX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FAHDX
Fidelity Advisor High Income Advantage Fund Class A
0.34%11.79%9.26%12.00%-11.37%10.78%8.72%17.39%-5.44%11.40%
FHIFX
Fidelity Focused High Income Fund
-0.61%8.91%5.23%10.28%-11.88%2.86%4.51%15.49%-2.90%7.00%

Returns By Period

In the year-to-date period, FAHDX achieves a 0.34% return, which is significantly higher than FHIFX's -0.61% return. Over the past 10 years, FAHDX has outperformed FHIFX with an annualized return of 7.31%, while FHIFX has yielded a comparatively lower 4.48% annualized return.


FAHDX

1D
1.21%
1M
-1.79%
YTD
0.34%
6M
1.74%
1Y
13.24%
3Y*
9.84%
5Y*
5.30%
10Y*
7.31%

FHIFX

1D
0.61%
1M
-1.44%
YTD
-0.61%
6M
1.06%
1Y
6.58%
3Y*
6.73%
5Y*
2.82%
10Y*
4.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FAHDX vs. FHIFX - Expense Ratio Comparison

FAHDX has a 0.99% expense ratio, which is higher than FHIFX's 0.75% expense ratio.


Return for Risk

FAHDX vs. FHIFX — Risk / Return Rank

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

FAHDX
FAHDX Risk / Return Rank: 9393
Overall Rank
FAHDX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
FAHDX Sortino Ratio Rank: 9292
Sortino Ratio Rank
FAHDX Omega Ratio Rank: 9191
Omega Ratio Rank
FAHDX Calmar Ratio Rank: 9494
Calmar Ratio Rank
FAHDX Martin Ratio Rank: 9595
Martin Ratio Rank

FHIFX
FHIFX Risk / Return Rank: 9292
Overall Rank
FHIFX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
FHIFX Sortino Ratio Rank: 9393
Sortino Ratio Rank
FHIFX Omega Ratio Rank: 9393
Omega Ratio Rank
FHIFX Calmar Ratio Rank: 9090
Calmar Ratio Rank
FHIFX Martin Ratio Rank: 9191
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAHDX vs. FHIFX - 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 Focused High Income Fund (FHIFX). 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.


FAHDXFHIFXDifference

Sharpe ratio

Return per unit of total volatility

2.05

2.06

-0.01

Sortino ratio

Return per unit of downside risk

2.84

2.94

-0.09

Omega ratio

Gain probability vs. loss probability

1.43

1.47

-0.04

Calmar ratio

Return relative to maximum drawdown

3.22

2.57

+0.65

Martin ratio

Return relative to average drawdown

13.85

10.96

+2.89

FAHDX vs. FHIFX - Sharpe Ratio Comparison

The current FAHDX Sharpe Ratio is 2.05, which is comparable to the FHIFX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of FAHDX and FHIFX, 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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Sharpe Ratios by Period


FAHDXFHIFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.05

2.06

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

0.59

+0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.96

0.87

+0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.88

1.03

-0.15

Correlation

The correlation between FAHDX and FHIFX is 0.71, 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

FAHDX vs. FHIFX - Dividend Comparison

FAHDX's dividend yield for the trailing twelve months is around 4.10%, less than FHIFX's 5.30% yield.


TTM20252024202320222021202020192018201720162015
FAHDX
Fidelity Advisor High Income Advantage Fund Class A
4.10%4.45%3.95%4.47%6.87%4.56%3.47%4.26%5.72%4.66%5.28%4.20%
FHIFX
Fidelity Focused High Income Fund
5.30%5.54%4.09%4.36%3.43%3.37%3.81%4.27%5.00%4.19%4.84%4.44%

Drawdowns

FAHDX vs. FHIFX - Drawdown Comparison

The maximum FAHDX drawdown since its inception was -48.43%, which is greater than FHIFX's maximum drawdown of -27.06%. Use the drawdown chart below to compare losses from any high point for FAHDX and FHIFX.


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Drawdown Indicators


FAHDXFHIFXDifference

Max Drawdown

Largest peak-to-trough decline

-48.43%

-27.06%

-21.37%

Max Drawdown (1Y)

Largest decline over 1 year

-4.30%

-2.83%

-1.47%

Max Drawdown (5Y)

Largest decline over 5 years

-15.29%

-15.60%

+0.31%

Max Drawdown (10Y)

Largest decline over 10 years

-28.43%

-19.11%

-9.32%

Current Drawdown

Current decline from peak

-1.98%

-1.56%

-0.42%

Average Drawdown

Average peak-to-trough decline

-5.23%

-2.40%

-2.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.00%

0.67%

+0.33%

Volatility

FAHDX vs. FHIFX - Volatility Comparison

Fidelity Advisor High Income Advantage Fund Class A (FAHDX) has a higher volatility of 2.59% compared to Fidelity Focused High Income Fund (FHIFX) at 1.37%. This indicates that FAHDX's price experiences larger fluctuations and is considered to be riskier than FHIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FAHDXFHIFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.59%

1.37%

+1.22%

Volatility (6M)

Calculated over the trailing 6-month period

4.27%

2.17%

+2.10%

Volatility (1Y)

Calculated over the trailing 1-year period

6.68%

3.36%

+3.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.28%

4.81%

+1.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.62%

5.14%

+2.48%