FGTMX vs. THHYX
FGTMX (Fidelity Advisor High Income Fund Class I) and THHYX (Toews Tactical Income Fund) are both High Yield Bonds funds. Over the past 5 years, FGTMX returned 3.73%/yr vs 1.31%/yr for THHYX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. FGTMX charges 0.72%/yr vs 1.46%/yr for THHYX.
Performance
FGTMX vs. THHYX - Performance Comparison
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Returns By Period
In the year-to-date period, FGTMX achieves a 2.41% return, which is significantly higher than THHYX's -0.03% return.
FGTMX
- 1D
- 0.12%
- 1M
- -0.98%
- 6M
- 1.55%
- YTD
- 2.41%
- 1Y
- 7.02%
- 3Y*
- 8.88%
- 5Y*
- 3.73%
- 10Y*
- —
- ALL TIME*
- 4.44%
THHYX
- 1D
- -0.04%
- 1M
- -0.65%
- 6M
- -0.50%
- YTD
- -0.03%
- 1Y
- 1.80%
- 3Y*
- 4.11%
- 5Y*
- 1.31%
- 10Y*
- 2.56%
- ALL TIME*
- 3.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FGTMX vs. THHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGTMX Fidelity Advisor High Income Fund Class I | 2.41% | 9.80% | 9.38% | 11.04% | -13.18% | 3.85% | 2.31% | 14.20% | -3.08% |
THHYX Toews Tactical Income Fund | -0.03% | 3.44% | 5.48% | 4.51% | -5.33% | 0.28% | 5.21% | 7.37% | 0.08% |
Correlation
The correlation between FGTMX and THHYX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2018 | 0.54 |
The correlation between FGTMX and THHYX has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.
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Return for Risk
FGTMX vs. THHYX — Risk / Return Rank
FGTMX
THHYX
FGTMX vs. THHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Fund Class I (FGTMX) and Toews Tactical Income Fund (THHYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FGTMX | THHYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.14 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 1.70 | +1.38 |
| Martin ratioReturn relative to average drawdown | 13.64 | 3.43 | +10.21 |
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Drawdowns
FGTMX vs. THHYX - Drawdown Comparison
The maximum FGTMX drawdown since its inception was -22.37%, which is greater than THHYX's maximum drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for FGTMX and THHYX.
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Drawdown Indicators
| FGTMX | THHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.37% | -8.83% | -13.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.33% | -1.12% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.15% | -3.35% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | -8.70% | -7.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.83% | — |
Current DrawdownCurrent decline from peak | -1.23% | -1.00% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -1.61% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 0.56% | -0.03% |
Volatility
FGTMX vs. THHYX - Volatility Comparison
Fidelity Advisor High Income Fund Class I (FGTMX) has a higher volatility of 0.55% compared to Toews Tactical Income Fund (THHYX) at 0.51%. This indicates that FGTMX's price experiences larger fluctuations and is considered to be riskier than THHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGTMX | THHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 0.51% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 1.71% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 2.51% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 3.93% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 3.60% | +2.75% |
FGTMX vs. THHYX - Expense Ratio Comparison
FGTMX has a 0.72% expense ratio, which is lower than THHYX's 1.46% expense ratio.
Dividends
FGTMX vs. THHYX - Dividend Comparison
FGTMX's dividend yield for the trailing twelve months is around 5.94%, more than THHYX's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGTMX Fidelity Advisor High Income Fund Class I | 5.94% | 6.38% | 6.06% | 5.32% | 3.91% | 4.13% | 4.68% | 5.05% | 0.44% | 0.00% | 0.00% | 0.00% |
THHYX Toews Tactical Income Fund | 5.50% | 4.91% | 5.44% | 4.33% | 1.61% | 2.79% | 2.21% | 3.84% | 2.43% | 6.56% | 3.30% | 1.59% |
Frequently Asked Questions
FGTMX and THHYX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGTMX has higher volatility (0.55%) compared to THHYX (0.51%). In terms of maximum drawdown, FGTMX dropped -22.37% vs THHYX's -8.83%.
FGTMX currently has the higher Sharpe Ratio (2.15 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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