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FHIFX vs. FAHDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FHIFX and FAHDX is 0.70, 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.


-0.50.00.51.00.7

Performance

FHIFX vs. FAHDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Focused High Income Fund (FHIFX) and Fidelity Advisor High Income Advantage Fund Class A (FAHDX). The values are adjusted to include any dividend payments, if applicable.

-2.00%0.00%2.00%4.00%6.00%AugustSeptemberOctoberNovemberDecember2025
2.60%
4.90%
FHIFX
FAHDX

Key characteristics

Sharpe Ratio

FHIFX:

2.28

FAHDX:

2.33

Sortino Ratio

FHIFX:

3.46

FAHDX:

3.46

Omega Ratio

FHIFX:

1.49

FAHDX:

1.46

Calmar Ratio

FHIFX:

2.57

FAHDX:

2.39

Martin Ratio

FHIFX:

11.76

FAHDX:

13.95

Ulcer Index

FHIFX:

0.59%

FAHDX:

0.81%

Daily Std Dev

FHIFX:

3.06%

FAHDX:

4.85%

Max Drawdown

FHIFX:

-27.06%

FAHDX:

-48.83%

Current Drawdown

FHIFX:

-1.06%

FAHDX:

-0.88%

Returns By Period

In the year-to-date period, FHIFX achieves a 0.37% return, which is significantly lower than FAHDX's 0.93% return. Over the past 10 years, FHIFX has underperformed FAHDX with an annualized return of 3.89%, while FAHDX has yielded a comparatively higher 5.77% annualized return.


FHIFX

YTD

0.37%

1M

-0.58%

6M

2.60%

1Y

6.67%

5Y*

2.28%

10Y*

3.89%

FAHDX

YTD

0.93%

1M

-0.16%

6M

4.90%

1Y

11.41%

5Y*

4.85%

10Y*

5.77%

*Annualized

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FHIFX vs. FAHDX - Expense Ratio Comparison

FHIFX has a 0.75% expense ratio, which is lower than FAHDX's 0.99% expense ratio.


FAHDX
Fidelity Advisor High Income Advantage Fund Class A
Expense ratio chart for FAHDX: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
Expense ratio chart for FHIFX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

Risk-Adjusted Performance

FHIFX vs. FAHDX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHIFX
The Risk-Adjusted Performance Rank of FHIFX is 9292
Overall Rank
The Sharpe Ratio Rank of FHIFX is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of FHIFX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of FHIFX is 9393
Omega Ratio Rank
The Calmar Ratio Rank of FHIFX is 9090
Calmar Ratio Rank
The Martin Ratio Rank of FHIFX is 9292
Martin Ratio Rank

FAHDX
The Risk-Adjusted Performance Rank of FAHDX is 9393
Overall Rank
The Sharpe Ratio Rank of FAHDX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of FAHDX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of FAHDX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of FAHDX is 8989
Calmar Ratio Rank
The Martin Ratio Rank of FAHDX is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FHIFX vs. FAHDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Focused High Income Fund (FHIFX) and Fidelity Advisor High Income Advantage Fund Class A (FAHDX). 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.


Sharpe ratio
The chart of Sharpe ratio for FHIFX, currently valued at 2.28, compared to the broader market-1.000.001.002.003.004.002.282.33
The chart of Sortino ratio for FHIFX, currently valued at 3.46, compared to the broader market0.002.004.006.008.0010.003.463.46
The chart of Omega ratio for FHIFX, currently valued at 1.49, compared to the broader market1.002.003.004.001.491.46
The chart of Calmar ratio for FHIFX, currently valued at 2.57, compared to the broader market0.005.0010.0015.002.572.39
The chart of Martin ratio for FHIFX, currently valued at 11.76, compared to the broader market0.0020.0040.0060.0011.7613.95
FHIFX
FAHDX

The current FHIFX Sharpe Ratio is 2.28, which is comparable to the FAHDX Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of FHIFX and FAHDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.002.503.003.504.00AugustSeptemberOctoberNovemberDecember2025
2.28
2.33
FHIFX
FAHDX

Dividends

FHIFX vs. FAHDX - Dividend Comparison

FHIFX's dividend yield for the trailing twelve months is around 4.42%, less than FAHDX's 4.65% yield.


TTM20242023202220212020201920182017201620152014
FHIFX
Fidelity Focused High Income Fund
4.42%4.44%4.36%4.46%3.65%3.82%4.25%5.01%4.19%4.48%4.83%7.89%
FAHDX
Fidelity Advisor High Income Advantage Fund Class A
4.65%4.69%4.87%4.42%2.96%3.47%4.21%5.74%4.65%4.50%5.08%4.24%

Drawdowns

FHIFX vs. FAHDX - Drawdown Comparison

The maximum FHIFX drawdown since its inception was -27.06%, smaller than the maximum FAHDX drawdown of -48.83%. Use the drawdown chart below to compare losses from any high point for FHIFX and FAHDX. For additional features, visit the drawdowns tool.


-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%AugustSeptemberOctoberNovemberDecember2025
-1.06%
-0.88%
FHIFX
FAHDX

Volatility

FHIFX vs. FAHDX - Volatility Comparison

The current volatility for Fidelity Focused High Income Fund (FHIFX) is 1.08%, while Fidelity Advisor High Income Advantage Fund Class A (FAHDX) has a volatility of 1.82%. This indicates that FHIFX experiences smaller price fluctuations and is considered to be less risky than FAHDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%2.50%AugustSeptemberOctoberNovemberDecember2025
1.08%
1.82%
FHIFX
FAHDX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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