FAHDX vs. VWEAX
FAHDX (Fidelity Advisor High Income Advantage Fund Class A) and VWEAX (Vanguard High-Yield Corporate Fund Admiral Shares) are both High Yield Bonds funds. Over the past 10 years, FAHDX returned 7.04%/yr vs 4.94%/yr for VWEAX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. FAHDX charges 0.99%/yr vs 0.12%/yr for VWEAX.
Performance
FAHDX vs. VWEAX - Performance Comparison
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Returns By Period
In the year-to-date period, FAHDX achieves a 4.71% return, which is significantly higher than VWEAX's 0.81% return. Over the past 10 years, FAHDX has outperformed VWEAX with an annualized return of 7.04%, while VWEAX has yielded a comparatively lower 4.94% annualized return.
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%
VWEAX
- 1D
- 0.18%
- 1M
- -0.73%
- 6M
- 0.65%
- YTD
- 0.81%
- 1Y
- 4.62%
- 3Y*
- 7.57%
- 5Y*
- 3.82%
- 10Y*
- 4.94%
- ALL TIME*
- 5.99%
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. VWEAX - 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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 0.81% | 9.49% | 6.42% | 11.79% | -8.95% | 3.04% | 5.41% | 15.92% | -2.80% | 7.17% |
Correlation
The correlation between FAHDX and VWEAX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2001 | 0.66 |
The correlation between FAHDX and VWEAX shifts across timeframes, from 0.58 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FAHDX vs. VWEAX — Risk / Return Rank
FAHDX
VWEAX
FAHDX vs. VWEAX - 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 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.
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 | VWEAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.06 | +0.53 |
| Martin ratioReturn relative to average drawdown | 9.88 | 9.91 | -0.03 |
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Drawdowns
FAHDX vs. VWEAX - Drawdown Comparison
The maximum FAHDX drawdown since its inception was -48.43%, which is greater than VWEAX's maximum drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for FAHDX and VWEAX.
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Drawdown Indicators
| FAHDX | VWEAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.43% | -30.05% | -18.38% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -2.52% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -7.00% | -3.32% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -15.29% | -13.77% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -28.43% | -19.68% | -8.75% |
Current DrawdownCurrent decline from peak | -2.79% | -0.91% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -2.11% | -3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.52% | +0.45% |
Volatility
FAHDX vs. VWEAX - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class A (FAHDX) has a higher volatility of 2.10% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.68%. This indicates that FAHDX'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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Volatility by Period
| FAHDX | VWEAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 0.68% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 5.34% | 2.69% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 3.32% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.52% | 4.93% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.64% | 5.25% | +2.39% |
FAHDX vs. VWEAX - Expense Ratio Comparison
FAHDX has a 0.99% expense ratio, which is higher than VWEAX's 0.12% expense ratio.
Dividends
FAHDX vs. VWEAX - Dividend Comparison
FAHDX's dividend yield for the trailing twelve months is around 3.88%, less than VWEAX's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VWEAX Vanguard High-Yield Corporate Fund Admiral Shares | 5.87% | 6.25% | 6.20% | 5.79% | 5.21% | 3.49% | 4.71% | 5.33% | 6.07% | 5.39% | 5.51% | 6.53% |
Frequently Asked Questions
FAHDX and VWEAX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAHDX has higher volatility (2.10%) compared to VWEAX (0.68%). In terms of maximum drawdown, FAHDX dropped -48.43% vs VWEAX's -30.05%.
VWEAX currently has the higher Sharpe Ratio (1.57 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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