FGUMX vs. PRCPX
Compare and contrast key facts about Fidelity Advisor High Income Fund Class Z (FGUMX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
FGUMX 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
FGUMX vs. PRCPX - Performance Comparison
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FGUMX vs. PRCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGUMX Fidelity Advisor High Income Fund Class Z | -0.72% | 9.92% | 9.53% | 11.08% | -13.03% | 3.72% | 2.41% | 14.34% | -3.08% |
PRCPX T. Rowe Price Credit Opportunities Fund | -0.13% | 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, FGUMX achieves a -0.72% return, which is significantly lower than PRCPX's -0.13% return.
FGUMX
- 1D
- 0.00%
- 1M
- -2.21%
- YTD
- -0.72%
- 6M
- 0.60%
- 1Y
- 8.09%
- 3Y*
- 8.88%
- 5Y*
- 3.79%
- 10Y*
- —
PRCPX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.13%
- 6M
- 3.02%
- 1Y
- 13.68%
- 3Y*
- 10.60%
- 5Y*
- 5.87%
- 10Y*
- 6.83%
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FGUMX vs. PRCPX - Expense Ratio Comparison
FGUMX has a 0.64% expense ratio, which is lower than PRCPX's 0.81% expense ratio.
Return for Risk
FGUMX vs. PRCPX — Risk / Return Rank
FGUMX
PRCPX
FGUMX vs. PRCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Fund Class Z (FGUMX) 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.
| FGUMX | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.16 | 3.47 | -1.32 |
Sortino ratioReturn per unit of downside risk | 3.01 | 5.52 | -2.51 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.93 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | 2.45 | 4.53 | -2.09 |
Martin ratioReturn relative to average drawdown | 10.89 | 21.08 | -10.19 |
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 | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 3.47 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 1.23 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.88 | -0.20 |
Correlation
The correlation between FGUMX 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
FGUMX vs. PRCPX - Dividend Comparison
FGUMX's dividend yield for the trailing twelve months is around 6.06%, less than PRCPX's 12.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGUMX Fidelity Advisor High Income Fund Class Z | 6.06% | 6.49% | 6.19% | 5.48% | 3.98% | 4.12% | 4.78% | 5.17% | 0.44% | 0.00% | 0.00% | 0.00% |
PRCPX T. Rowe Price Credit Opportunities Fund | 12.89% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Drawdowns
FGUMX vs. PRCPX - Drawdown Comparison
The maximum FGUMX drawdown since its inception was -22.36%, roughly equal to the maximum PRCPX drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for FGUMX and PRCPX.
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Drawdown Indicators
| FGUMX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.36% | -23.07% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -3.03% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -14.34% | -2.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.07% | — |
Current DrawdownCurrent decline from peak | -2.21% | -1.74% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -3.16% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 0.65% | +0.09% |
Volatility
FGUMX vs. PRCPX - Volatility Comparison
Fidelity Advisor High Income Fund Class Z (FGUMX) has a higher volatility of 1.35% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 1.10%. This indicates that FGUMX'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
| FGUMX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.10% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 2.52% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 4.11% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.29% | 4.79% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.41% | 5.45% | +0.96% |