FGQMX vs. PRCPX
Compare and contrast key facts about Fidelity Advisor High Income Fund Class A (FGQMX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
FGQMX is managed by Fidelity. It was launched on Dec 4, 2018. 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
FGQMX vs. PRCPX - Performance Comparison
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FGQMX vs. PRCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGQMX Fidelity Advisor High Income Fund Class A | -0.15% | 9.53% | 9.11% | 10.67% | -13.27% | 3.43% | 2.05% | 13.94% | -2.68% |
PRCPX T. Rowe Price Credit Opportunities Fund | 0.37% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -2.20% |
Returns By Period
In the year-to-date period, FGQMX achieves a -0.15% return, which is significantly lower than PRCPX's 0.37% return.
FGQMX
- 1D
- 0.63%
- 1M
- -1.60%
- YTD
- -0.15%
- 6M
- 1.08%
- 1Y
- 8.28%
- 3Y*
- 8.72%
- 5Y*
- 3.54%
- 10Y*
- —
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%
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FGQMX vs. PRCPX - Expense Ratio Comparison
FGQMX has a 0.99% expense ratio, which is higher than PRCPX's 0.81% expense ratio.
Return for Risk
FGQMX vs. PRCPX — Risk / Return Rank
FGQMX
PRCPX
FGQMX vs. PRCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Fund Class A (FGQMX) 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.
| FGQMX | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.18 | 3.49 | -1.31 |
Sortino ratioReturn per unit of downside risk | 3.07 | 5.55 | -2.47 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.93 | -0.42 |
Calmar ratioReturn relative to maximum drawdown | 2.77 | 4.86 | -2.10 |
Martin ratioReturn relative to average drawdown | 11.86 | 22.46 | -10.60 |
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
| FGQMX | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 3.49 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.24 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.88 | -0.24 |
Correlation
The correlation between FGQMX and PRCPX is 0.86, 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
FGQMX vs. PRCPX - Dividend Comparison
FGQMX's dividend yield for the trailing twelve months is around 5.70%, less than PRCPX's 12.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGQMX Fidelity Advisor High Income Fund Class A | 5.70% | 6.14% | 5.81% | 5.13% | 3.68% | 3.83% | 4.44% | 4.82% | 0.85% | 0.00% | 0.00% | 0.00% |
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
FGQMX vs. PRCPX - Drawdown Comparison
The maximum FGQMX drawdown since its inception was -22.40%, roughly equal to the maximum PRCPX drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for FGQMX and PRCPX.
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Drawdown Indicators
| FGQMX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.40% | -23.07% | +0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -3.03% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | -14.34% | -2.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.07% | — |
Current DrawdownCurrent decline from peak | -1.60% | -1.24% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -3.16% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.66% | +0.08% |
Volatility
FGQMX vs. PRCPX - Volatility Comparison
Fidelity Advisor High Income Fund Class A (FGQMX) has a higher volatility of 1.48% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 1.24%. This indicates that FGQMX'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.
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Volatility by Period
| FGQMX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.24% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 2.48% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 4.12% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.24% | 4.79% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.39% | 5.45% | +0.94% |