FAHYX vs. PRCPX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class M (FAHYX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
FAHYX is managed by Fidelity. It was launched on Jan 5, 1987. PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014.
Performance
FAHYX vs. PRCPX - Performance Comparison
Loading graphics...
FAHYX vs. PRCPX - 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% |
PRCPX T. Rowe Price Credit Opportunities Fund | 0.37% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -1.44% | 6.80% |
Returns By Period
In the year-to-date period, FAHYX achieves a 0.42% return, which is significantly higher than PRCPX's 0.37% return. Over the past 10 years, FAHYX has outperformed PRCPX with an annualized return of 7.32%, while PRCPX has yielded a comparatively lower 6.88% 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%
PRCPX
- 1D
- 0.51%
- 1M
- -1.12%
- YTD
- 0.37%
- 6M
- 3.54%
- 1Y
- 14.12%
- 3Y*
- 10.79%
- 5Y*
- 5.93%
- 10Y*
- 6.88%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FAHYX vs. PRCPX - Expense Ratio Comparison
FAHYX has a 0.99% expense ratio, which is higher than PRCPX's 0.81% expense ratio.
Return for Risk
FAHYX vs. PRCPX — Risk / Return Rank
FAHYX
PRCPX
FAHYX vs. PRCPX - 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 T. Rowe Price Credit Opportunities Fund (PRCPX). 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 | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 3.49 | -1.45 |
Sortino ratioReturn per unit of downside risk | 2.82 | 5.55 | -2.73 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.93 | -0.51 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 4.86 | -1.61 |
Martin ratioReturn relative to average drawdown | 13.98 | 22.46 | -8.48 |
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
| FAHYX | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 3.49 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.24 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 1.27 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.88 | +0.23 |
Correlation
The correlation between FAHYX and PRCPX is 0.71, 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. PRCPX - Dividend Comparison
FAHYX's dividend yield for the trailing twelve months is around 4.09%, less than PRCPX's 12.83% 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% |
PRCPX T. Rowe Price Credit Opportunities Fund | 12.83% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Drawdowns
FAHYX vs. PRCPX - Drawdown Comparison
The maximum FAHYX drawdown since its inception was -48.37%, which is greater than PRCPX's maximum drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for FAHYX and PRCPX.
Loading graphics...
Drawdown Indicators
| FAHYX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.37% | -23.07% | -25.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -3.03% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -15.35% | -14.34% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | -23.07% | -5.44% |
Current DrawdownCurrent decline from peak | -1.97% | -1.24% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -3.16% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.66% | +0.33% |
Volatility
FAHYX vs. PRCPX - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class M (FAHYX) has a higher volatility of 2.61% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 1.24%. This indicates that FAHYX's price experiences larger fluctuations and is considered to be riskier than PRCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FAHYX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 1.24% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 2.48% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 4.12% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 4.79% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.64% | 5.45% | +2.19% |