FAHEX vs. FSKAX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class C (FAHEX) and Fidelity Total Market Index Fund (FSKAX).
FAHEX is managed by Fidelity. It was launched on Nov 3, 1997. FSKAX is managed by Fidelity.
Performance
FAHEX vs. FSKAX - Performance Comparison
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FAHEX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAHEX Fidelity Advisor High Income Advantage Fund Class C | -0.90% | 10.97% | 8.51% | 11.23% | -11.89% | 10.09% | 7.88% | 16.50% | -6.17% | 10.57% |
FSKAX Fidelity Total Market Index Fund | -6.77% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -5.32% | 20.85% |
Returns By Period
In the year-to-date period, FAHEX achieves a -0.90% return, which is significantly higher than FSKAX's -6.77% return. Over the past 10 years, FAHEX has underperformed FSKAX with an annualized return of 6.43%, while FSKAX has yielded a comparatively higher 13.23% annualized return.
FAHEX
- 1D
- -0.48%
- 1M
- -2.82%
- YTD
- -0.90%
- 6M
- 0.46%
- 1Y
- 11.53%
- 3Y*
- 8.69%
- 5Y*
- 4.46%
- 10Y*
- 6.43%
FSKAX
- 1D
- -0.47%
- 1M
- -7.69%
- YTD
- -6.77%
- 6M
- -4.56%
- 1Y
- 14.73%
- 3Y*
- 16.72%
- 5Y*
- 10.13%
- 10Y*
- 13.23%
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FAHEX vs. FSKAX - Expense Ratio Comparison
FAHEX has a 1.75% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
FAHEX vs. FSKAX — Risk / Return Rank
FAHEX
FSKAX
FAHEX vs. FSKAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class C (FAHEX) and Fidelity Total Market Index Fund (FSKAX). 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.
| FAHEX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 0.83 | +0.95 |
Sortino ratioReturn per unit of downside risk | 2.46 | 1.29 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.19 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.04 | +1.51 |
Martin ratioReturn relative to average drawdown | 10.95 | 5.05 | +5.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FAHEX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 0.83 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.59 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.72 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.78 | -0.04 |
Correlation
The correlation between FAHEX and FSKAX is 0.76, 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
FAHEX vs. FSKAX - Dividend Comparison
FAHEX's dividend yield for the trailing twelve months is around 3.47%, more than FSKAX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHEX Fidelity Advisor High Income Advantage Fund Class C | 3.47% | 3.73% | 3.34% | 3.80% | 6.26% | 3.92% | 2.76% | 3.50% | 4.90% | 3.91% | 4.50% | 3.45% |
FSKAX Fidelity Total Market Index Fund | 1.09% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FAHEX vs. FSKAX - Drawdown Comparison
The maximum FAHEX drawdown since its inception was -49.00%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FAHEX and FSKAX.
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Drawdown Indicators
| FAHEX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.00% | -35.01% | -13.99% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -12.42% | +8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.76% | -25.39% | +9.63% |
Max Drawdown (10Y)Largest decline over 10 years | -28.52% | -35.01% | +6.49% |
Current DrawdownCurrent decline from peak | -3.14% | -8.92% | +5.78% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.05% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.57% | -1.56% |
Volatility
FAHEX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Advantage Fund Class C (FAHEX) is 2.22%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 4.42%. This indicates that FAHEX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHEX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 4.42% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 9.40% | -5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.66% | 18.50% | -11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.26% | 17.38% | -11.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.59% | 18.42% | -10.83% |