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FIQSX vs. BKLN
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FIQSX vs. BKLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and Invesco Senior Loan ETF (BKLN). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
4.50%
4.65%
FIQSX
BKLN

Returns By Period

In the year-to-date period, FIQSX achieves a 8.39% return, which is significantly higher than BKLN's 7.75% return.


FIQSX

YTD

8.39%

1M

1.01%

6M

4.49%

1Y

10.17%

5Y (annualized)

5.80%

10Y (annualized)

N/A

BKLN

YTD

7.75%

1M

1.01%

6M

4.65%

1Y

9.95%

5Y (annualized)

4.60%

10Y (annualized)

3.62%

Key characteristics


FIQSXBKLN
Sharpe Ratio3.894.29
Sortino Ratio11.836.62
Omega Ratio3.512.18
Calmar Ratio11.776.01
Martin Ratio62.3050.75
Ulcer Index0.16%0.20%
Daily Std Dev2.59%2.33%
Max Drawdown-22.19%-24.17%
Current Drawdown0.00%0.00%

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FIQSX vs. BKLN - Expense Ratio Comparison

FIQSX has a 0.62% expense ratio, which is lower than BKLN's 0.65% expense ratio.


BKLN
Invesco Senior Loan ETF
Expense ratio chart for BKLN: current value at 0.65% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.65%
Expense ratio chart for FIQSX: current value at 0.62% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.62%

Correlation

-0.50.00.51.00.4

The correlation between FIQSX and BKLN is 0.41, 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.

Risk-Adjusted Performance

FIQSX vs. BKLN - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and Invesco Senior Loan ETF (BKLN). 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 FIQSX, currently valued at 3.89, compared to the broader market-1.000.001.002.003.004.005.003.894.32
The chart of Sortino ratio for FIQSX, currently valued at 11.83, compared to the broader market0.005.0010.0011.836.66
The chart of Omega ratio for FIQSX, currently valued at 3.51, compared to the broader market1.002.003.004.003.512.20
The chart of Calmar ratio for FIQSX, currently valued at 11.77, compared to the broader market0.005.0010.0015.0020.0011.776.05
The chart of Martin ratio for FIQSX, currently valued at 62.30, compared to the broader market0.0020.0040.0060.0080.00100.0062.3051.00
FIQSX
BKLN

The current FIQSX Sharpe Ratio is 3.89, which is comparable to the BKLN Sharpe Ratio of 4.29. The chart below compares the historical Sharpe Ratios of FIQSX and BKLN, 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 Ratio3.003.504.004.505.00JuneJulyAugustSeptemberOctoberNovember
3.89
4.32
FIQSX
BKLN

Dividends

FIQSX vs. BKLN - Dividend Comparison

FIQSX's dividend yield for the trailing twelve months is around 8.43%, less than BKLN's 8.53% yield.


TTM20232022202120202019201820172016201520142013
FIQSX
Fidelity Advisor Floating Rate High Income Fund Class Z
8.43%8.29%5.13%3.33%3.91%5.19%1.37%0.00%0.00%0.00%0.00%0.00%
BKLN
Invesco Senior Loan ETF
8.53%8.59%4.93%3.11%3.56%4.86%4.51%3.51%4.55%4.11%4.12%4.39%

Drawdowns

FIQSX vs. BKLN - Drawdown Comparison

The maximum FIQSX drawdown since its inception was -22.19%, smaller than the maximum BKLN drawdown of -24.17%. Use the drawdown chart below to compare losses from any high point for FIQSX and BKLN. For additional features, visit the drawdowns tool.


-1.50%-1.00%-0.50%0.00%JuneJulyAugustSeptemberOctoberNovember00
FIQSX
BKLN

Volatility

FIQSX vs. BKLN - Volatility Comparison

Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) has a higher volatility of 0.60% compared to Invesco Senior Loan ETF (BKLN) at 0.53%. This indicates that FIQSX's price experiences larger fluctuations and is considered to be riskier than BKLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.20%0.40%0.60%0.80%1.00%1.20%1.40%1.60%JuneJulyAugustSeptemberOctoberNovember
0.60%
0.53%
FIQSX
BKLN