FHAIX vs. FIQSX
Compare and contrast key facts about Franklin High Income Fund (FHAIX) and Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX).
FHAIX is managed by Franklin Templeton. It was launched on Dec 31, 1969. FIQSX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
FHAIX vs. FIQSX - Performance Comparison
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FHAIX vs. FIQSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHAIX Franklin High Income Fund | -1.23% | 7.28% | 7.83% | 13.84% | -9.29% | 5.77% | 6.76% | 14.29% | -4.58% |
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | -0.61% | 5.53% | 8.80% | 11.71% | -1.49% | 5.06% | 1.86% | 8.56% | -3.27% |
Returns By Period
In the year-to-date period, FHAIX achieves a -1.23% return, which is significantly lower than FIQSX's -0.61% return.
FHAIX
- 1D
- 0.58%
- 1M
- -1.69%
- YTD
- -1.23%
- 6M
- 0.40%
- 1Y
- 6.58%
- 3Y*
- 7.72%
- 5Y*
- 4.12%
- 10Y*
- 6.32%
FIQSX
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- -0.61%
- 6M
- 0.79%
- 1Y
- 4.71%
- 3Y*
- 7.33%
- 5Y*
- 5.37%
- 10Y*
- —
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FHAIX vs. FIQSX - Expense Ratio Comparison
FHAIX has a 0.77% expense ratio, which is higher than FIQSX's 0.62% expense ratio.
Return for Risk
FHAIX vs. FIQSX — Risk / Return Rank
FHAIX
FIQSX
FHAIX vs. FIQSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHAIX) and Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX). 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.
| FHAIX | FIQSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.26 | 1.47 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.74 | 2.06 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.49 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.88 | +0.03 |
Martin ratioReturn relative to average drawdown | 9.01 | 8.89 | +0.12 |
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
| FHAIX | FIQSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.47 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 1.90 | -1.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 1.02 | 0.00 |
Correlation
The correlation between FHAIX and FIQSX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FHAIX vs. FIQSX - Dividend Comparison
FHAIX's dividend yield for the trailing twelve months is around 5.89%, less than FIQSX's 6.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHAIX Franklin High Income Fund | 5.89% | 4.71% | 6.37% | 6.09% | 5.97% | 5.63% | 5.19% | 5.45% | 5.99% | 5.49% | 5.84% | 7.19% |
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 6.80% | 7.47% | 8.40% | 7.55% | 3.86% | 2.79% | 3.90% | 5.20% | 1.37% | 0.00% | 0.00% | 0.00% |
Drawdowns
FHAIX vs. FIQSX - Drawdown Comparison
The maximum FHAIX drawdown since its inception was -31.52%, which is greater than FIQSX's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for FHAIX and FIQSX.
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Drawdown Indicators
| FHAIX | FIQSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.52% | -22.19% | -9.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -2.63% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -14.32% | -5.86% | -8.46% |
Max Drawdown (10Y)Largest decline over 10 years | -19.49% | — | — |
Current DrawdownCurrent decline from peak | -2.27% | -0.82% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -1.13% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.58% | +0.15% |
Volatility
FHAIX vs. FIQSX - Volatility Comparison
Franklin High Income Fund (FHAIX) has a higher volatility of 1.90% compared to Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) at 0.56%. This indicates that FHAIX's price experiences larger fluctuations and is considered to be riskier than FIQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHAIX | FIQSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 0.56% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 1.62% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.22% | 3.24% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.83% | 2.84% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.25% | 4.67% | +1.58% |