FGUMX vs. CPMPX
Compare and contrast key facts about Fidelity Advisor High Income Fund Class Z (FGUMX) and Changing Parameters Fund (CPMPX).
FGUMX is managed by Fidelity. It was launched on Dec 4, 2018. CPMPX is managed by Changing Parameters. It was launched on Oct 2, 2006.
Performance
FGUMX vs. CPMPX - Performance Comparison
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FGUMX vs. CPMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGUMX Fidelity Advisor High Income Fund Class Z | -0.09% | 9.92% | 9.53% | 11.08% | -13.03% | 3.72% | 2.41% | 14.34% | -3.08% |
CPMPX Changing Parameters Fund | 0.09% | 6.65% | -3.47% | 8.13% | -0.22% | 3.86% | 13.43% | 6.82% | 0.09% |
Returns By Period
In the year-to-date period, FGUMX achieves a -0.09% return, which is significantly lower than CPMPX's 0.09% return.
FGUMX
- 1D
- 0.63%
- 1M
- -1.48%
- YTD
- -0.09%
- 6M
- 1.23%
- 1Y
- 8.63%
- 3Y*
- 9.11%
- 5Y*
- 3.89%
- 10Y*
- —
CPMPX
- 1D
- 0.00%
- 1M
- -0.75%
- YTD
- 0.09%
- 6M
- 1.15%
- 1Y
- 6.44%
- 3Y*
- 3.14%
- 5Y*
- 2.64%
- 10Y*
- 4.32%
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FGUMX vs. CPMPX - Expense Ratio Comparison
FGUMX has a 0.64% expense ratio, which is lower than CPMPX's 2.90% expense ratio.
Return for Risk
FGUMX vs. CPMPX — Risk / Return Rank
FGUMX
CPMPX
FGUMX vs. CPMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Fund Class Z (FGUMX) and Changing Parameters Fund (CPMPX). 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.
| FGUMX | CPMPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.20 | 3.37 | -1.17 |
Sortino ratioReturn per unit of downside risk | 3.09 | 5.48 | -2.38 |
Omega ratioGain probability vs. loss probability | 1.51 | 1.89 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | 2.78 | 4.84 | -2.07 |
Martin ratioReturn relative to average drawdown | 12.25 | 18.86 | -6.61 |
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
| FGUMX | CPMPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 3.37 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.69 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.10 | -0.41 |
Correlation
The correlation between FGUMX and CPMPX is 0.56, 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
FGUMX vs. CPMPX - Dividend Comparison
FGUMX's dividend yield for the trailing twelve months is around 6.02%, more than CPMPX's 3.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGUMX Fidelity Advisor High Income Fund Class Z | 6.02% | 6.49% | 6.19% | 5.48% | 3.98% | 4.12% | 4.78% | 5.17% | 0.44% | 0.00% | 0.00% | 0.00% |
CPMPX Changing Parameters Fund | 3.82% | 3.83% | 0.00% | 4.26% | 5.03% | 4.24% | 6.94% | 2.85% | 1.71% | 3.32% | 2.25% | 1.51% |
Drawdowns
FGUMX vs. CPMPX - Drawdown Comparison
The maximum FGUMX drawdown since its inception was -22.36%, which is greater than CPMPX's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for FGUMX and CPMPX.
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Drawdown Indicators
| FGUMX | CPMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.36% | -8.87% | -13.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -1.31% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -8.13% | -8.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.13% | — |
Current DrawdownCurrent decline from peak | -1.60% | -1.83% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -1.87% | -1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.34% | +0.41% |
Volatility
FGUMX vs. CPMPX - Volatility Comparison
Fidelity Advisor High Income Fund Class Z (FGUMX) has a higher volatility of 1.54% compared to Changing Parameters Fund (CPMPX) at 0.70%. This indicates that FGUMX's price experiences larger fluctuations and is considered to be riskier than CPMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGUMX | CPMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 0.70% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 1.38% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 1.90% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 3.83% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.41% | 3.13% | +3.28% |