FAHYX vs. FSKAX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class M (FAHYX) and Fidelity Total Market Index Fund (FSKAX).
FAHYX is managed by Fidelity. It was launched on Jan 5, 1987. FSKAX is managed by Fidelity.
Performance
FAHYX vs. FSKAX - Performance Comparison
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FAHYX vs. FSKAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAHYX Fidelity Advisor High Income Advantage Fund Class M | 0.42% | 11.75% | 9.24% | 12.04% | -11.37% | 10.74% | 8.70% | 17.41% | -5.36% | 11.37% |
FSKAX Fidelity Total Market Index Fund | -3.98% | 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, FAHYX achieves a 0.42% return, which is significantly higher than FSKAX's -3.98% return. Over the past 10 years, FAHYX has underperformed FSKAX with an annualized return of 7.32%, while FSKAX has yielded a comparatively higher 13.56% annualized 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%
FSKAX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -2.04%
- 1Y
- 17.68%
- 3Y*
- 17.87%
- 5Y*
- 10.50%
- 10Y*
- 13.56%
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FAHYX vs. FSKAX - Expense Ratio Comparison
FAHYX has a 0.99% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
FAHYX vs. FSKAX — Risk / Return Rank
FAHYX
FSKAX
FAHYX vs. FSKAX - 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 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.
| FAHYX | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 0.98 | +1.06 |
Sortino ratioReturn per unit of downside risk | 2.82 | 1.49 | +1.33 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.23 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 1.50 | +1.75 |
Martin ratioReturn relative to average drawdown | 13.98 | 7.20 | +6.78 |
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
| FAHYX | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 0.98 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.61 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 0.74 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.79 | +0.32 |
Correlation
The correlation between FAHYX 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
FAHYX vs. FSKAX - Dividend Comparison
FAHYX's dividend yield for the trailing twelve months is around 4.09%, more than FSKAX's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSKAX Fidelity Total Market Index Fund | 1.06% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FAHYX vs. FSKAX - Drawdown Comparison
The maximum FAHYX drawdown since its inception was -48.37%, which is greater than FSKAX's maximum drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FAHYX and FSKAX.
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Drawdown Indicators
| FAHYX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.37% | -35.01% | -13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -12.42% | +8.15% |
Max Drawdown (5Y)Largest decline over 5 years | -15.35% | -25.39% | +10.04% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | -35.01% | +6.50% |
Current DrawdownCurrent decline from peak | -1.97% | -6.20% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -4.05% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.60% | -1.61% |
Volatility
FAHYX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Advantage Fund Class M (FAHYX) is 2.61%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 5.52%. This indicates that FAHYX 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
| FAHYX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 5.52% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 9.85% | -5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 18.69% | -11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 17.42% | -11.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.64% | 18.44% | -10.80% |