FAHYX vs. FZROX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class M (FAHYX) and Fidelity ZERO Total Market Index Fund (FZROX).
FAHYX is managed by Fidelity. It was launched on Jan 5, 1987. FZROX is managed by Fidelity.
Performance
FAHYX vs. FZROX - Performance Comparison
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FAHYX vs. FZROX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -7.18% |
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, FAHYX achieves a 0.42% return, which is significantly higher than FZROX's -3.98% 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%
FZROX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -1.97%
- 1Y
- 17.77%
- 3Y*
- 17.96%
- 5Y*
- 10.74%
- 10Y*
- —
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FAHYX vs. FZROX - Expense Ratio Comparison
FAHYX has a 0.99% expense ratio, which is higher than FZROX's 0.00% expense ratio.
Return for Risk
FAHYX vs. FZROX — Risk / Return Rank
FAHYX
FZROX
FAHYX vs. FZROX - 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 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.
| FAHYX | FZROX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 0.98 | +1.05 |
Sortino ratioReturn per unit of downside risk | 2.82 | 1.50 | +1.32 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.23 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 1.51 | +1.74 |
Martin ratioReturn relative to average drawdown | 13.98 | 7.28 | +6.70 |
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 | FZROX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 0.98 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.62 | +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 | 0.63 | +0.49 |
Correlation
The correlation between FAHYX 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
FAHYX vs. FZROX - Dividend Comparison
FAHYX's dividend yield for the trailing twelve months is around 4.09%, more than FZROX's 1.07% 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% |
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
FAHYX vs. FZROX - Drawdown Comparison
The maximum FAHYX drawdown since its inception was -48.37%, which is greater than FZROX's maximum drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for FAHYX and FZROX.
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Drawdown Indicators
| FAHYX | FZROX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.37% | -34.96% | -13.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -12.44% | +8.17% |
Max Drawdown (5Y)Largest decline over 5 years | -15.35% | -25.12% | +9.77% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -6.16% | +4.19% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -5.61% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.58% | -1.59% |
Volatility
FAHYX vs. FZROX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Advantage Fund Class M (FAHYX) is 2.61%, while Fidelity ZERO Total Market Index Fund (FZROX) has a volatility of 5.52%. This indicates that FAHYX 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.
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Volatility by Period
| FAHYX | FZROX | 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% | 9.81% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 18.68% | -11.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 17.45% | -11.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.64% | 20.28% | -12.64% |