FAHYX vs. PRFRX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class M (FAHYX) and T. Rowe Price Floating Rate Fund (PRFRX).
FAHYX is managed by Fidelity. It was launched on Jan 5, 1987. PRFRX is managed by T. Rowe Price. It was launched on Jul 29, 2011.
Performance
FAHYX vs. PRFRX - Performance Comparison
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FAHYX vs. PRFRX - 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% |
PRFRX T. Rowe Price Floating Rate Fund | 0.05% | 13.09% | 8.80% | 13.78% | -1.95% | 4.60% | 1.75% | 8.46% | -0.08% | 3.48% |
Returns By Period
In the year-to-date period, FAHYX achieves a 0.42% return, which is significantly higher than PRFRX's 0.05% return. Over the past 10 years, FAHYX has outperformed PRFRX with an annualized return of 7.32%, while PRFRX has yielded a comparatively lower 5.67% 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%
PRFRX
- 1D
- 0.11%
- 1M
- 0.22%
- YTD
- 0.05%
- 6M
- 3.46%
- 1Y
- 11.85%
- 3Y*
- 10.26%
- 5Y*
- 7.20%
- 10Y*
- 5.67%
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FAHYX vs. PRFRX - Expense Ratio Comparison
FAHYX has a 0.99% expense ratio, which is higher than PRFRX's 0.75% expense ratio.
Return for Risk
FAHYX vs. PRFRX — Risk / Return Rank
FAHYX
PRFRX
FAHYX vs. PRFRX - 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 Floating Rate Fund (PRFRX). 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 | PRFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 3.59 | -1.55 |
Sortino ratioReturn per unit of downside risk | 2.82 | 7.18 | -4.36 |
Omega ratioGain probability vs. loss probability | 1.42 | 2.36 | -0.93 |
Calmar ratioReturn relative to maximum drawdown | 3.25 | 5.93 | -2.68 |
Martin ratioReturn relative to average drawdown | 13.98 | 28.58 | -14.60 |
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 | PRFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 3.59 | -1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 2.49 | -1.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.96 | 1.45 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.43 | -0.32 |
Correlation
The correlation between FAHYX and PRFRX is 0.49, 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. PRFRX - Dividend Comparison
FAHYX's dividend yield for the trailing twelve months is around 4.09%, less than PRFRX's 12.92% 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% |
PRFRX T. Rowe Price Floating Rate Fund | 12.92% | 12.91% | 8.17% | 9.57% | 4.03% | 3.86% | 4.00% | 4.84% | 4.87% | 4.04% | 4.07% | 4.07% |
Drawdowns
FAHYX vs. PRFRX - Drawdown Comparison
The maximum FAHYX drawdown since its inception was -48.37%, which is greater than PRFRX's maximum drawdown of -20.05%. Use the drawdown chart below to compare losses from any high point for FAHYX and PRFRX.
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Drawdown Indicators
| FAHYX | PRFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.37% | -20.05% | -28.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -1.96% | -2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -15.35% | -5.94% | -9.41% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | -20.05% | -8.46% |
Current DrawdownCurrent decline from peak | -1.97% | -0.53% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -0.69% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.43% | +0.56% |
Volatility
FAHYX vs. PRFRX - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class M (FAHYX) has a higher volatility of 2.61% compared to T. Rowe Price Floating Rate Fund (PRFRX) at 0.71%. This indicates that FAHYX's price experiences larger fluctuations and is considered to be riskier than PRFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAHYX | PRFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 0.71% | +1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 4.32% | 2.11% | +2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.74% | 3.33% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 2.90% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.64% | 3.92% | +3.72% |