FGTMX vs. XILSX

Last updated Aug 1, 2026

FGTMX (Fidelity Advisor High Income Fund Class I) and XILSX (Pioneer ILS Interval Fund) are both High Yield Bonds funds. Over the past 5 years, FGTMX returned 3.73%/yr vs 12.59%/yr for XILSX. Their 0.03 correlation means their historical movements had little consistent relationship. FGTMX charges 0.72%/yr vs 1.88%/yr for XILSX.

Performance

FGTMX vs. XILSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor High Income Fund Class I (FGTMX) and Pioneer ILS Interval Fund (XILSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGTMX achieves a 2.41% return, which is significantly lower than XILSX's 10.04% 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%

XILSX

• 1D: 0.00%
• 1M: 0.95%
• 6M: 8.36%
• YTD: 10.04%
• 1Y: 23.43%
• 3Y*: 19.09%
• 5Y*: 12.59%
• 10Y*: —
• ALL TIME*: 6.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FGTMX Fidelity Advisor High Income Fund Class I	$0.00	$0.00	$0.00
XILSX Pioneer ILS Interval Fund	$0.00	$0.00	$0.00

FGTMX vs. XILSX - 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%
XILSX Pioneer ILS Interval Fund	10.04%	18.70%	18.93%	18.65%	1.23%	-1.10%	7.37%	2.60%	-3.34%

Correlation

The correlation between FGTMX and XILSX is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.09
Correlation (3Y) Balances recent behavior with more history.	0.06
Correlation (5Y) Shows whether the relationship held over a longer period.	0.05
Correlation (All Time) Calculated using the full available price history since Dec 4, 2018	0.03

Return for Risk

FGTMX vs. XILSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FGTMX

FGTMX Risk / Return Rank: 89
FGTMX Sharpe Ratio Rank: 87
FGTMX Sortino Ratio Rank: 92
FGTMX Omega Ratio Rank: 89
FGTMX Calmar Ratio Rank: 86
FGTMX Martin Ratio Rank: 92

XILSX

XILSX Risk / Return Rank: 100
XILSX Sharpe Ratio Rank: 100
XILSX Sortino Ratio Rank: 100
XILSX Omega Ratio Rank: 100
XILSX Calmar Ratio Rank: 100
XILSX Martin Ratio Rank: 100

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FGTMX vs. XILSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Fund Class I (FGTMX) and Pioneer ILS Interval Fund (XILSX). 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	XILSX	Difference
Sharpe ratio: Return per unit of total volatility	2.15	7.88	-5.73
Sortino ratio: Return per unit of downside risk	3.56	77.96	-74.40
Omega ratio: Gain probability vs. loss probability	1.47	41.51	-40.03
Calmar ratio: Return relative to maximum drawdown	3.09	112.69	-109.60
Martin ratio: Return relative to average drawdown	13.64	769.28	-755.64

FGTMX vs. XILSX - Sharpe Ratio Comparison

The current FGTMX Sharpe Ratio is 2.15, which is lower than the XILSX Sharpe Ratio of 7.88. The chart below compares the historical Sharpe Ratios of FGTMX and XILSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FGTMX vs. XILSX - Drawdown Comparison

The maximum FGTMX drawdown since its inception was -22.37%, which is greater than XILSX's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for FGTMX and XILSX.

Drawdown Indicators

	FGTMX	XILSX	Difference
Max Drawdown Largest peak-to-trough decline	-22.37%	-14.53%	-7.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.33%	-0.10%	-2.23%
Max Drawdown (3Y) Largest decline over 3 years	-4.15%	-2.36%	-1.79%
Max Drawdown (5Y) Largest decline over 5 years	-16.56%	-6.27%	-10.29%
Current Drawdown Current decline from peak	-1.23%	0.00%	-1.23%
Average Drawdown Average peak-to-trough decline	-3.49%	-4.83%	+1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	0.03%	+0.50%

Volatility

FGTMX vs. XILSX - Volatility Comparison

Fidelity Advisor High Income Fund Class I (FGTMX) has a higher volatility of 0.55% compared to Pioneer ILS Interval Fund (XILSX) at 0.52%. This indicates that FGTMX's price experiences larger fluctuations and is considered to be riskier than XILSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGTMX	XILSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	0.52%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	2.63%	1.57%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	3.02%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.38%	3.78%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.35%	3.90%	+2.45%

FGTMX vs. XILSX - Expense Ratio Comparison

FGTMX has a 0.72% expense ratio, which is lower than XILSX's 1.88% expense ratio.

Dividends

FGTMX vs. XILSX - Dividend Comparison

FGTMX's dividend yield for the trailing twelve months is around 5.94%, less than XILSX's 8.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
XILSX Pioneer ILS Interval Fund	8.64%	9.51%	13.06%	12.82%	2.68%	2.04%	5.20%	6.63%	6.40%

Frequently Asked Questions

Can I hold both FGTMX and XILSX in my portfolio?

FGTMX and XILSX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGTMX or XILSX?

FGTMX has higher volatility (0.55%) compared to XILSX (0.52%). In terms of maximum drawdown, FGTMX dropped -22.37% vs XILSX's -14.53%.

Which has better risk-adjusted returns?

XILSX currently has the higher Sharpe Ratio (7.88 vs 2.15), 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.