Correlation
The correlation between FGQMX and HYDB is 0.51, 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.
FGQMX vs. HYDB
Compare and contrast key facts about Fidelity Advisor High Income Fund Class A (FGQMX) and iShares High Yield Bond Factor ETF (HYDB).
FGQMX is managed by Fidelity. It was launched on Dec 4, 2018. HYDB is a passively managed fund by iShares that tracks the performance of the BlackRock High Yield Defensive Bond Index. It was launched on Jul 11, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGQMX or HYDB.
Performance
FGQMX vs. HYDB - Performance Comparison
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Key characteristics
FGQMX:
2.29
HYDB:
1.40
FGQMX:
2.95
HYDB:
1.95
FGQMX:
1.49
HYDB:
1.30
FGQMX:
2.00
HYDB:
1.51
FGQMX:
8.43
HYDB:
7.43
FGQMX:
0.96%
HYDB:
1.13%
FGQMX:
3.87%
HYDB:
6.09%
FGQMX:
-22.40%
HYDB:
-21.58%
FGQMX:
-0.30%
HYDB:
-0.21%
Returns By Period
In the year-to-date period, FGQMX achieves a 1.73% return, which is significantly lower than HYDB's 2.08% return.
FGQMX
1.73%
1.16%
1.68%
8.92%
5.34%
4.15%
N/A
HYDB
2.08%
1.72%
1.18%
8.47%
7.15%
6.49%
N/A
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FGQMX vs. HYDB - Expense Ratio Comparison
FGQMX has a 0.99% expense ratio, which is higher than HYDB's 0.35% expense ratio.
Risk-Adjusted Performance
FGQMX vs. HYDB — Risk-Adjusted Performance Rank
FGQMX
HYDB
FGQMX vs. HYDB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Fund Class A (FGQMX) and iShares High Yield Bond Factor ETF (HYDB). 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.
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Dividends
FGQMX vs. HYDB - Dividend Comparison
FGQMX's dividend yield for the trailing twelve months is around 5.95%, less than HYDB's 7.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FGQMX Fidelity Advisor High Income Fund Class A | 5.95% | 5.84% | 5.13% | 4.86% | 4.45% | 4.44% | 4.83% | 0.85% | 0.00% |
HYDB iShares High Yield Bond Factor ETF | 7.00% | 6.95% | 7.00% | 6.30% | 4.70% | 5.81% | 5.68% | 6.16% | 2.70% |
Drawdowns
FGQMX vs. HYDB - Drawdown Comparison
The maximum FGQMX drawdown since its inception was -22.40%, roughly equal to the maximum HYDB drawdown of -21.58%. Use the drawdown chart below to compare losses from any high point for FGQMX and HYDB.
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Volatility
FGQMX vs. HYDB - Volatility Comparison
The current volatility for Fidelity Advisor High Income Fund Class A (FGQMX) is 1.10%, while iShares High Yield Bond Factor ETF (HYDB) has a volatility of 1.59%. This indicates that FGQMX experiences smaller price fluctuations and is considered to be less risky than HYDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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