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FAHYX vs. FQTIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FAHYX vs. FQTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor High Income Advantage Fund Class M (FAHYX) and Franklin Templeton SMACS: Series I (FQTIX). The values are adjusted to include any dividend payments, if applicable.

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FAHYX vs. FQTIX - Yearly Performance Comparison


2026 (YTD)2025202420232022202120202019
FAHYX
Fidelity Advisor High Income Advantage Fund Class M
0.42%11.75%9.24%12.04%-11.37%10.74%8.70%7.78%
FQTIX
Franklin Templeton SMACS: Series I
1.02%7.51%8.03%13.44%-14.39%8.51%3.68%4.11%

Returns By Period

In the year-to-date period, FAHYX achieves a 0.42% return, which is significantly lower than FQTIX's 1.02% return.


FAHYX

1D
1.20%
1M
-1.78%
YTD
0.42%
6M
1.74%
1Y
13.27%
3Y*
9.84%
5Y*
5.31%
10Y*
7.32%

FQTIX

1D
0.50%
1M
-1.34%
YTD
1.02%
6M
3.05%
1Y
9.98%
3Y*
8.04%
5Y*
3.70%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

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FAHYX vs. FQTIX - Expense Ratio Comparison

FAHYX has a 0.99% expense ratio, which is higher than FQTIX's 0.00% expense ratio.


Return for Risk

FAHYX vs. FQTIX — Risk / Return Rank

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

FAHYX
FAHYX Risk / Return Rank: 9393
Overall Rank
FAHYX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
FAHYX Sortino Ratio Rank: 9292
Sortino Ratio Rank
FAHYX Omega Ratio Rank: 9090
Omega Ratio Rank
FAHYX Calmar Ratio Rank: 9494
Calmar Ratio Rank
FAHYX Martin Ratio Rank: 9595
Martin Ratio Rank

FQTIX
FQTIX Risk / Return Rank: 9797
Overall Rank
FQTIX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
FQTIX Sortino Ratio Rank: 9696
Sortino Ratio Rank
FQTIX Omega Ratio Rank: 9797
Omega Ratio Rank
FQTIX Calmar Ratio Rank: 9797
Calmar Ratio Rank
FQTIX Martin Ratio Rank: 9797
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAHYX vs. FQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class M (FAHYX) and Franklin Templeton SMACS: Series I (FQTIX). 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.


FAHYXFQTIXDifference

Sharpe ratio

Return per unit of total volatility

2.04

2.68

-0.64

Sortino ratio

Return per unit of downside risk

2.82

3.64

-0.83

Omega ratio

Gain probability vs. loss probability

1.42

1.64

-0.22

Calmar ratio

Return relative to maximum drawdown

3.25

4.19

-0.94

Martin ratio

Return relative to average drawdown

13.98

18.41

-4.43

FAHYX vs. FQTIX - Sharpe Ratio Comparison

The current FAHYX Sharpe Ratio is 2.04, which is comparable to the FQTIX Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of FAHYX and FQTIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


FAHYXFQTIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.04

2.68

-0.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.63

+0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.96

Sharpe Ratio (All Time)

Calculated using the full available price history

1.11

0.56

+0.56

Correlation

The correlation between FAHYX and FQTIX is 0.66, 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.


Dividends

FAHYX vs. FQTIX - Dividend Comparison

FAHYX's dividend yield for the trailing twelve months is around 4.09%, less than FQTIX's 7.00% yield.


TTM20252024202320222021202020192018201720162015
FAHYX
Fidelity Advisor High Income Advantage Fund Class M
4.09%4.45%3.96%4.45%6.84%4.56%3.47%4.25%5.74%4.66%5.29%4.21%
FQTIX
Franklin Templeton SMACS: Series I
7.00%5.70%7.86%7.64%8.10%7.15%6.89%5.63%0.00%0.00%0.00%0.00%

Drawdowns

FAHYX vs. FQTIX - Drawdown Comparison

The maximum FAHYX drawdown since its inception was -48.37%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for FAHYX and FQTIX.


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Drawdown Indicators


FAHYXFQTIXDifference

Max Drawdown

Largest peak-to-trough decline

-48.37%

-24.62%

-23.75%

Max Drawdown (1Y)

Largest decline over 1 year

-4.27%

-2.41%

-1.86%

Max Drawdown (5Y)

Largest decline over 5 years

-15.35%

-18.81%

+3.46%

Max Drawdown (10Y)

Largest decline over 10 years

-28.51%

Current Drawdown

Current decline from peak

-1.97%

-1.47%

-0.50%

Average Drawdown

Average peak-to-trough decline

-4.53%

-4.42%

-0.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.99%

0.55%

+0.44%

Volatility

FAHYX vs. FQTIX - Volatility Comparison

Fidelity Advisor High Income Advantage Fund Class M (FAHYX) has a higher volatility of 2.61% compared to Franklin Templeton SMACS: Series I (FQTIX) at 1.68%. This indicates that FAHYX's price experiences larger fluctuations and is considered to be riskier than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FAHYXFQTIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.61%

1.68%

+0.93%

Volatility (6M)

Calculated over the trailing 6-month period

4.32%

2.43%

+1.89%

Volatility (1Y)

Calculated over the trailing 1-year period

6.74%

3.87%

+2.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.34%

5.93%

+0.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.64%

7.80%

-0.16%