Correlation
The correlation between FAHYX and FDVV is 0.77, 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.
FAHYX vs. FDVV
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class M (FAHYX) and Fidelity High Dividend ETF (FDVV).
FAHYX is managed by Fidelity. It was launched on Jan 5, 1987. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FAHYX or FDVV.
Performance
FAHYX vs. FDVV - Performance Comparison
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Key characteristics
FAHYX:
1.08
FDVV:
0.73
FAHYX:
1.42
FDVV:
1.04
FAHYX:
1.20
FDVV:
1.15
FAHYX:
1.02
FDVV:
0.70
FAHYX:
3.85
FDVV:
2.91
FAHYX:
1.83%
FDVV:
3.80%
FAHYX:
6.97%
FDVV:
16.22%
FAHYX:
-48.78%
FDVV:
-40.25%
FAHYX:
-0.58%
FDVV:
-3.11%
Returns By Period
In the year-to-date period, FAHYX achieves a 1.75% return, which is significantly higher than FDVV's 1.43% return.
FAHYX
1.75%
2.58%
0.70%
7.57%
6.88%
8.20%
5.84%
FDVV
1.43%
4.15%
-2.82%
10.71%
11.54%
17.37%
N/A
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FAHYX vs. FDVV - Expense Ratio Comparison
FAHYX has a 0.99% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Risk-Adjusted Performance
FAHYX vs. FDVV — Risk-Adjusted Performance Rank
FAHYX
FDVV
FAHYX vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class M (FAHYX) and Fidelity High Dividend ETF (FDVV). 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.
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Dividends
FAHYX vs. FDVV - Dividend Comparison
FAHYX's dividend yield for the trailing twelve months is around 4.62%, more than FDVV's 3.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAHYX Fidelity Advisor High Income Advantage Fund Class M | 4.24% | 4.70% | 4.86% | 7.87% | 5.00% | 3.48% | 4.26% | 5.74% | 4.68% | 4.53% | 5.05% | 4.22% |
FDVV Fidelity High Dividend ETF | 3.02% | 2.94% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% |
Drawdowns
FAHYX vs. FDVV - Drawdown Comparison
The maximum FAHYX drawdown since its inception was -48.78%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FAHYX and FDVV.
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Volatility
FAHYX vs. FDVV - Volatility Comparison
The current volatility for Fidelity Advisor High Income Advantage Fund Class M (FAHYX) is 1.96%, while Fidelity High Dividend ETF (FDVV) has a volatility of 3.85%. This indicates that FAHYX experiences smaller price fluctuations and is considered to be less risky than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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