FHRRX vs. FIQTX
Compare and contrast key facts about Franklin High Income Fund (FHRRX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX).
FHRRX is managed by Franklin Templeton. It was launched on May 1, 2013. FIQTX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
FHRRX vs. FIQTX - Performance Comparison
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FHRRX vs. FIQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHRRX Franklin High Income Fund | -1.19% | 7.51% | 8.12% | 14.21% | -9.60% | 5.78% | 6.49% | 15.26% | -5.06% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 0.47% | 12.17% | 10.38% | 12.37% | -11.16% | 11.13% | 9.06% | 17.93% | -6.84% |
Returns By Period
In the year-to-date period, FHRRX achieves a -1.19% return, which is significantly lower than FIQTX's 0.47% return.
FHRRX
- 1D
- 0.58%
- 1M
- -1.70%
- YTD
- -1.19%
- 6M
- 0.51%
- 1Y
- 6.85%
- 3Y*
- 7.99%
- 5Y*
- 4.38%
- 10Y*
- 6.46%
FIQTX
- 1D
- 1.21%
- 1M
- -1.84%
- YTD
- 0.47%
- 6M
- 1.90%
- 1Y
- 13.62%
- 3Y*
- 10.49%
- 5Y*
- 5.80%
- 10Y*
- —
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FHRRX vs. FIQTX - Expense Ratio Comparison
FHRRX has a 0.50% expense ratio, which is lower than FIQTX's 0.64% expense ratio.
Return for Risk
FHRRX vs. FIQTX — Risk / Return Rank
FHRRX
FIQTX
FHRRX vs. FIQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHRRX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX). 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.
| FHRRX | FIQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 2.08 | -0.68 |
Sortino ratioReturn per unit of downside risk | 1.92 | 2.90 | -0.98 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.44 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.30 | -0.94 |
Martin ratioReturn relative to average drawdown | 11.11 | 14.47 | -3.36 |
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
| FHRRX | FIQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 2.08 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.92 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.83 | -0.16 |
Correlation
The correlation between FHRRX and FIQTX is 0.54, 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
FHRRX vs. FIQTX - Dividend Comparison
FHRRX's dividend yield for the trailing twelve months is around 6.13%, more than FIQTX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHRRX Franklin High Income Fund | 6.13% | 4.91% | 6.63% | 6.36% | 6.28% | 5.09% | 5.48% | 5.71% | 6.36% | 5.74% | 6.14% | 7.53% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 4.44% | 4.83% | 5.06% | 4.79% | 7.43% | 5.01% | 3.80% | 4.61% | 2.54% | 0.00% | 0.00% | 0.00% |
Drawdowns
FHRRX vs. FIQTX - Drawdown Comparison
The maximum FHRRX drawdown since its inception was -21.17%, smaller than the maximum FIQTX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for FHRRX and FIQTX.
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Drawdown Indicators
| FHRRX | FIQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.17% | -28.49% | +7.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -4.34% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -15.16% | +1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -20.48% | — | — |
Current DrawdownCurrent decline from peak | -1.75% | -1.95% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -3.37% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.99% | -0.37% |
Volatility
FHRRX vs. FIQTX - Volatility Comparison
The current volatility for Franklin High Income Fund (FHRRX) is 1.91%, while Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a volatility of 2.65%. This indicates that FHRRX experiences smaller price fluctuations and is considered to be less risky than FIQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHRRX | FIQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.91% | 2.65% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 4.31% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.88% | 6.72% | -1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.87% | 6.32% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 8.40% | -2.10% |