FIQSX vs. FXAIX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and Fidelity 500 Index Fund (FXAIX).
FIQSX is managed by Fidelity. It was launched on Oct 2, 2018. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
FIQSX vs. FXAIX - Performance Comparison
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FIQSX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | -0.61% | 5.53% | 8.80% | 11.71% | -1.49% | 5.06% | 1.86% | 8.56% | -3.27% |
FXAIX Fidelity 500 Index Fund | -4.34% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -10.39% |
Returns By Period
In the year-to-date period, FIQSX achieves a -0.61% return, which is significantly higher than FXAIX's -4.34% return.
FIQSX
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- -0.61%
- 6M
- 0.79%
- 1Y
- 4.71%
- 3Y*
- 7.33%
- 5Y*
- 5.37%
- 10Y*
- —
FXAIX
- 1D
- 2.92%
- 1M
- -5.02%
- YTD
- -4.34%
- 6M
- -2.14%
- 1Y
- 17.32%
- 3Y*
- 18.30%
- 5Y*
- 11.79%
- 10Y*
- 14.08%
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FIQSX vs. FXAIX - Expense Ratio Comparison
FIQSX has a 0.62% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Return for Risk
FIQSX vs. FXAIX — Risk / Return Rank
FIQSX
FXAIX
FIQSX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and Fidelity 500 Index Fund (FXAIX). 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.
| FIQSX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 0.97 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.49 | +0.57 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.23 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.52 | +0.36 |
Martin ratioReturn relative to average drawdown | 8.89 | 7.30 | +1.60 |
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
| FIQSX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 0.97 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.90 | 0.70 | +1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.76 | +0.25 |
Correlation
The correlation between FIQSX and FXAIX is 0.29, 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
FIQSX vs. FXAIX - Dividend Comparison
FIQSX's dividend yield for the trailing twelve months is around 6.80%, more than FXAIX's 1.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQSX Fidelity Advisor Floating Rate High Income Fund Class Z | 6.80% | 7.47% | 8.40% | 7.55% | 3.86% | 2.79% | 3.90% | 5.20% | 1.37% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.16% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
FIQSX vs. FXAIX - Drawdown Comparison
The maximum FIQSX drawdown since its inception was -22.19%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FIQSX and FXAIX.
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Drawdown Indicators
| FIQSX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -33.79% | +11.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -12.13% | +9.50% |
Max Drawdown (5Y)Largest decline over 5 years | -5.86% | -24.50% | +18.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -0.82% | -6.23% | +5.41% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -3.83% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.53% | -1.95% |
Volatility
FIQSX vs. FXAIX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) is 0.56%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 5.34%. This indicates that FIQSX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQSX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 5.34% | -4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 9.53% | -7.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 18.32% | -15.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 16.92% | -14.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 18.05% | -13.38% |