FIQSX vs. FHAIX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and Franklin High Income Fund (FHAIX).
FIQSX is managed by Fidelity. It was launched on Oct 2, 2018. FHAIX is managed by Franklin Templeton. It was launched on Dec 31, 1969.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIQSX or FHAIX.
Correlation
The correlation between FIQSX and FHAIX is 0.40, 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.
Performance
FIQSX vs. FHAIX - Performance Comparison
Key characteristics
FIQSX:
3.18
FHAIX:
2.12
FIQSX:
9.14
FHAIX:
3.42
FIQSX:
2.80
FHAIX:
1.75
FIQSX:
9.31
FHAIX:
7.10
FIQSX:
47.40
FHAIX:
22.27
FIQSX:
0.17%
FHAIX:
0.40%
FIQSX:
2.51%
FHAIX:
4.20%
FIQSX:
-22.19%
FHAIX:
-51.73%
FIQSX:
-0.43%
FHAIX:
-0.63%
Returns By Period
The year-to-date returns for both stocks are quite close, with FIQSX having a 8.04% return and FHAIX slightly lower at 7.74%.
FIQSX
8.04%
-0.21%
3.89%
8.04%
5.38%
N/A
FHAIX
7.74%
-0.57%
3.85%
8.91%
4.66%
4.70%
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FIQSX vs. FHAIX - Expense Ratio Comparison
FIQSX has a 0.62% expense ratio, which is lower than FHAIX's 0.77% expense ratio.
Risk-Adjusted Performance
FIQSX vs. FHAIX - 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 Franklin High Income Fund (FHAIX). 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.
Dividends
FIQSX vs. FHAIX - Dividend Comparison
FIQSX's dividend yield for the trailing twelve months is around 7.70%, more than FHAIX's 5.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 7.70% | 8.29% | 5.13% | 3.33% | 3.91% | 5.19% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHAIX Franklin High Income Fund | 5.83% | 6.16% | 6.09% | 4.95% | 5.21% | 5.48% | 6.05% | 5.32% | 5.66% | 7.17% | 6.36% | 6.35% |
Drawdowns
FIQSX vs. FHAIX - Drawdown Comparison
The maximum FIQSX drawdown since its inception was -22.19%, smaller than the maximum FHAIX drawdown of -51.73%. Use the drawdown chart below to compare losses from any high point for FIQSX and FHAIX. For additional features, visit the drawdowns tool.
Volatility
FIQSX vs. FHAIX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) is 0.27%, while Franklin High Income Fund (FHAIX) has a volatility of 1.30%. This indicates that FIQSX experiences smaller price fluctuations and is considered to be less risky than FHAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.