FIKQX vs. JNK
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and SPDR Barclays High Yield Bond ETF (JNK).
FIKQX is managed by Fidelity. It was launched on Oct 2, 2018. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007.
Performance
FIKQX vs. JNK - Performance Comparison
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FIKQX vs. JNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | -0.21% | 7.31% | 1.69% | 6.75% | -13.97% | -1.03% | 10.00% | 9.90% | 2.01% |
JNK SPDR Barclays High Yield Bond ETF | -0.14% | 8.76% | 7.71% | 12.42% | -12.19% | 4.00% | 4.95% | 14.88% | -4.06% |
Returns By Period
In the year-to-date period, FIKQX achieves a -0.21% return, which is significantly lower than JNK's -0.14% return.
FIKQX
- 1D
- 0.14%
- 1M
- -1.63%
- YTD
- -0.21%
- 6M
- 0.40%
- 1Y
- 3.86%
- 3Y*
- 3.97%
- 5Y*
- 0.41%
- 10Y*
- —
JNK
- 1D
- 0.29%
- 1M
- -0.71%
- YTD
- -0.14%
- 6M
- 1.02%
- 1Y
- 7.32%
- 3Y*
- 8.05%
- 5Y*
- 3.56%
- 10Y*
- 5.25%
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FIKQX vs. JNK - Expense Ratio Comparison
FIKQX has a 0.36% expense ratio, which is lower than JNK's 0.40% expense ratio.
Return for Risk
FIKQX vs. JNK — Risk / Return Rank
FIKQX
JNK
FIKQX vs. JNK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and SPDR Barclays High Yield Bond ETF (JNK). 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.
| FIKQX | JNK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.29 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.92 | -0.55 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.82 | -0.18 |
Martin ratioReturn relative to average drawdown | 4.72 | 9.34 | -4.62 |
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
| FIKQX | JNK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.29 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.47 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.42 | +0.08 |
Correlation
The correlation between FIKQX and JNK 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
FIKQX vs. JNK - Dividend Comparison
FIKQX's dividend yield for the trailing twelve months is around 3.66%, less than JNK's 6.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | 3.66% | 3.97% | 4.08% | 3.65% | 2.05% | 1.44% | 4.90% | 2.83% | 1.07% | 0.00% | 0.00% | 0.00% |
JNK SPDR Barclays High Yield Bond ETF | 6.67% | 6.54% | 6.63% | 6.38% | 6.06% | 4.27% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.59% |
Drawdowns
FIKQX vs. JNK - Drawdown Comparison
The maximum FIKQX drawdown since its inception was -18.53%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for FIKQX and JNK.
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Drawdown Indicators
| FIKQX | JNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -38.48% | +19.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -4.17% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -16.67% | -1.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.89% | — |
Current DrawdownCurrent decline from peak | -2.16% | -1.13% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -3.73% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.81% | +0.17% |
Volatility
FIKQX vs. JNK - Volatility Comparison
The current volatility for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) is 1.48%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 2.27%. This indicates that FIKQX experiences smaller price fluctuations and is considered to be less risky than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKQX | JNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 2.27% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.95% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 5.72% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 7.53% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 8.34% | -2.83% |