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FAHDX vs. FSTAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FAHDX and FSTAX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.6

Performance

FAHDX vs. FSTAX - 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 Advisor Strategic Income Fund Class A (FSTAX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%AugustSeptemberOctoberNovemberDecember2025
3.40%
1.43%
FAHDX
FSTAX

Key characteristics

Sharpe Ratio

FAHDX:

2.24

FSTAX:

1.72

Sortino Ratio

FAHDX:

3.30

FSTAX:

2.51

Omega Ratio

FAHDX:

1.44

FSTAX:

1.32

Calmar Ratio

FAHDX:

2.24

FSTAX:

1.00

Martin Ratio

FAHDX:

13.31

FSTAX:

7.79

Ulcer Index

FAHDX:

0.81%

FSTAX:

0.82%

Daily Std Dev

FAHDX:

4.80%

FSTAX:

3.73%

Max Drawdown

FAHDX:

-48.83%

FSTAX:

-17.81%

Current Drawdown

FAHDX:

-1.63%

FSTAX:

-2.33%

Returns By Period

In the year-to-date period, FAHDX achieves a 0.17% return, which is significantly higher than FSTAX's -0.53% return. Over the past 10 years, FAHDX has outperformed FSTAX with an annualized return of 5.69%, while FSTAX has yielded a comparatively lower 2.85% annualized return.


FAHDX

YTD

0.17%

1M

-0.91%

6M

3.40%

1Y

10.28%

5Y*

4.71%

10Y*

5.69%

FSTAX

YTD

-0.53%

1M

-1.32%

6M

1.43%

1Y

5.51%

5Y*

1.67%

10Y*

2.85%

*Annualized

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FAHDX vs. FSTAX - Expense Ratio Comparison

FAHDX has a 0.99% expense ratio, which is higher than FSTAX's 0.97% expense ratio.


FAHDX
Fidelity Advisor High Income Advantage Fund Class A
Expense ratio chart for FAHDX: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for FSTAX: current value at 0.97% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.97%

Risk-Adjusted Performance

FAHDX vs. FSTAX — Risk-Adjusted Performance Rank

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

FAHDX
The Risk-Adjusted Performance Rank of FAHDX is 9292
Overall Rank
The Sharpe Ratio Rank of FAHDX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of FAHDX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of FAHDX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of FAHDX is 8989
Calmar Ratio Rank
The Martin Ratio Rank of FAHDX is 9494
Martin Ratio Rank

FSTAX
The Risk-Adjusted Performance Rank of FSTAX is 8585
Overall Rank
The Sharpe Ratio Rank of FSTAX is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of FSTAX is 8989
Sortino Ratio Rank
The Omega Ratio Rank of FSTAX is 8888
Omega Ratio Rank
The Calmar Ratio Rank of FSTAX is 7474
Calmar Ratio Rank
The Martin Ratio Rank of FSTAX is 8585
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.

FAHDX vs. FSTAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class A (FAHDX) and Fidelity Advisor Strategic Income Fund Class A (FSTAX). 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.


Sharpe ratio
The chart of Sharpe ratio for FAHDX, currently valued at 2.24, compared to the broader market-1.000.001.002.003.004.002.241.72
The chart of Sortino ratio for FAHDX, currently valued at 3.30, compared to the broader market0.002.004.006.008.0010.003.302.51
The chart of Omega ratio for FAHDX, currently valued at 1.44, compared to the broader market1.002.003.001.441.32
The chart of Calmar ratio for FAHDX, currently valued at 2.24, compared to the broader market0.005.0010.0015.002.241.02
The chart of Martin ratio for FAHDX, currently valued at 13.31, compared to the broader market0.0020.0040.0060.0013.317.79
FAHDX
FSTAX

The current FAHDX Sharpe Ratio is 2.24, which is comparable to the FSTAX Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of FAHDX and FSTAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00AugustSeptemberOctoberNovemberDecember2025
2.24
1.72
FAHDX
FSTAX

Dividends

FAHDX vs. FSTAX - Dividend Comparison

FAHDX's dividend yield for the trailing twelve months is around 4.68%, more than FSTAX's 3.94% yield.


TTM20242023202220212020201920182017201620152014
FAHDX
Fidelity Advisor High Income Advantage Fund Class A
4.68%4.69%4.87%4.42%2.96%3.47%4.21%5.74%4.65%4.50%5.08%4.24%
FSTAX
Fidelity Advisor Strategic Income Fund Class A
3.94%3.92%4.03%3.37%2.44%3.06%3.17%3.39%2.87%3.23%3.45%5.08%

Drawdowns

FAHDX vs. FSTAX - Drawdown Comparison

The maximum FAHDX drawdown since its inception was -48.83%, which is greater than FSTAX's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for FAHDX and FSTAX. For additional features, visit the drawdowns tool.


-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%AugustSeptemberOctoberNovemberDecember2025
-1.63%
-2.33%
FAHDX
FSTAX

Volatility

FAHDX vs. FSTAX - Volatility Comparison

Fidelity Advisor High Income Advantage Fund Class A (FAHDX) has a higher volatility of 1.64% compared to Fidelity Advisor Strategic Income Fund Class A (FSTAX) at 1.24%. This indicates that FAHDX's price experiences larger fluctuations and is considered to be riskier than FSTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%AugustSeptemberOctoberNovemberDecember2025
1.64%
1.24%
FAHDX
FSTAX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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