FAHEX vs. FZROX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class C (FAHEX) and Fidelity ZERO Total Market Index Fund (FZROX).
FAHEX is managed by Fidelity. It was launched on Nov 3, 1997. FZROX is managed by Fidelity.
Performance
FAHEX vs. FZROX - Performance Comparison
Loading graphics...
FAHEX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -7.55% |
FZROX Fidelity ZERO Total Market Index Fund | -3.98% | 17.23% | 23.94% | 26.20% | -19.21% | 26.00% | 20.51% | 31.15% | -12.72% |
Returns By Period
In the year-to-date period, FAHEX achieves a -0.90% return, which is significantly higher than FZROX's -3.98% 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%
FZROX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -1.97%
- 1Y
- 17.77%
- 3Y*
- 17.96%
- 5Y*
- 10.74%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FAHEX vs. FZROX - Expense Ratio Comparison
FAHEX has a 1.75% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FAHEX vs. FZROX — Risk / Return Rank
FAHEX
FZROX
FAHEX vs. FZROX - 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 ZERO Total Market Index Fund (FZROX). 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 | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 0.98 | +0.80 |
Sortino ratioReturn per unit of downside risk | 2.46 | 1.50 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.51 | +1.04 |
Martin ratioReturn relative to average drawdown | 10.95 | 7.28 | +3.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FAHEX | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 0.98 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.62 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.63 | +0.12 |
Correlation
The correlation between FAHEX and FZROX is 0.81, 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. FZROX - Dividend Comparison
FAHEX's dividend yield for the trailing twelve months is around 3.47%, more than FZROX's 1.07% 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% |
FZROX Fidelity ZERO Total Market Index Fund | 1.07% | 1.02% | 1.16% | 1.36% | 1.57% | 1.25% | 1.27% | 1.51% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAHEX vs. FZROX - Drawdown Comparison
The maximum FAHEX drawdown since its inception was -49.00%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FAHEX and FZROX.
Loading graphics...
Drawdown Indicators
| FAHEX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.00% | -34.96% | -14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.31% | -12.44% | +8.13% |
Max Drawdown (5Y)Largest decline over 5 years | -15.76% | -25.12% | +9.36% |
Max Drawdown (10Y)Largest decline over 10 years | -28.52% | — | — |
Current DrawdownCurrent decline from peak | -3.14% | -6.16% | +3.02% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -5.61% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 2.58% | -1.57% |
Volatility
FAHEX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Advantage Fund Class C (FAHEX) is 2.22%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 5.52%. This indicates that FAHEX experiences smaller price fluctuations and is considered to be less risky than FZROX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FAHEX | FZROX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 5.52% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.14% | 9.81% | -5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.66% | 18.68% | -12.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.26% | 17.45% | -11.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.59% | 20.28% | -12.69% |