FHIFX vs. KBWY
Compare and contrast key facts about Fidelity Focused High Income Fund (FHIFX) and Invesco KBW Premium Yield Equity REIT ETF (KBWY).
FHIFX is managed by Fidelity. It was launched on Sep 8, 2004. KBWY is a passively managed fund by Invesco that tracks the performance of the KBW Premium Yield Equity REIT Index. It was launched on Dec 2, 2010.
Performance
FHIFX vs. KBWY - Performance Comparison
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FHIFX vs. KBWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHIFX Fidelity Focused High Income Fund | -1.22% | 8.91% | 5.23% | 10.28% | -11.88% | 2.86% | 4.51% | 15.49% | -2.90% | 7.00% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 1.36% | -5.30% | -3.49% | 12.88% | -19.00% | 31.22% | -25.83% | 23.36% | -18.20% | 0.81% |
Returns By Period
In the year-to-date period, FHIFX achieves a -1.22% return, which is significantly lower than KBWY's 1.36% return. Over the past 10 years, FHIFX has outperformed KBWY with an annualized return of 4.41%, while KBWY has yielded a comparatively lower 0.27% annualized return.
FHIFX
- 1D
- 0.12%
- 1M
- -2.16%
- YTD
- -1.22%
- 6M
- 0.57%
- 1Y
- 6.19%
- 3Y*
- 6.51%
- 5Y*
- 2.74%
- 10Y*
- 4.41%
KBWY
- 1D
- 1.46%
- 1M
- -5.95%
- YTD
- 1.36%
- 6M
- 0.50%
- 1Y
- 0.75%
- 3Y*
- 2.80%
- 5Y*
- -0.24%
- 10Y*
- 0.27%
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FHIFX vs. KBWY - Expense Ratio Comparison
FHIFX has a 0.75% expense ratio, which is higher than KBWY's 0.35% expense ratio.
Return for Risk
FHIFX vs. KBWY — Risk / Return Rank
FHIFX
KBWY
FHIFX vs. KBWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Focused High Income Fund (FHIFX) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). 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.
| FHIFX | KBWY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 0.04 | +1.97 |
Sortino ratioReturn per unit of downside risk | 2.85 | 0.19 | +2.66 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.02 | +0.43 |
Calmar ratioReturn relative to maximum drawdown | 2.25 | 0.08 | +2.17 |
Martin ratioReturn relative to average drawdown | 9.69 | 0.23 | +9.46 |
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
| FHIFX | KBWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 0.04 | +1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | -0.01 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.01 | +0.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.16 | +0.86 |
Correlation
The correlation between FHIFX and KBWY is 0.33, 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
FHIFX vs. KBWY - Dividend Comparison
FHIFX's dividend yield for the trailing twelve months is around 5.33%, less than KBWY's 9.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHIFX Fidelity Focused High Income Fund | 5.33% | 5.54% | 4.09% | 4.36% | 3.43% | 3.37% | 3.81% | 4.27% | 5.00% | 4.19% | 4.84% | 4.44% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 9.87% | 9.79% | 8.74% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% |
Drawdowns
FHIFX vs. KBWY - Drawdown Comparison
The maximum FHIFX drawdown since its inception was -27.06%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for FHIFX and KBWY.
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Drawdown Indicators
| FHIFX | KBWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.06% | -57.68% | +30.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -13.71% | +10.88% |
Max Drawdown (5Y)Largest decline over 5 years | -15.60% | -32.29% | +16.69% |
Max Drawdown (10Y)Largest decline over 10 years | -19.11% | -57.68% | +38.57% |
Current DrawdownCurrent decline from peak | -2.16% | -22.78% | +20.62% |
Average DrawdownAverage peak-to-trough decline | -2.40% | -14.17% | +11.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 4.89% | -4.23% |
Volatility
FHIFX vs. KBWY - Volatility Comparison
The current volatility for Fidelity Focused High Income Fund (FHIFX) is 1.17%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 5.91%. This indicates that FHIFX experiences smaller price fluctuations and is considered to be less risky than KBWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHIFX | KBWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 5.91% | -4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 11.75% | -9.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 19.26% | -15.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.80% | 21.58% | -16.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 27.04% | -21.91% |