FIQSX vs. RSIIX
Compare and contrast key facts about Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) and RiverPark Strategic Income Fund (RSIIX).
FIQSX is managed by Fidelity. It was launched on Oct 2, 2018. RSIIX is managed by RiverPark Funds. It was launched on Sep 30, 2013.
Performance
FIQSX vs. RSIIX - Performance Comparison
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FIQSX vs. RSIIX - 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% |
RSIIX RiverPark Strategic Income Fund | 0.36% | 6.04% | 8.44% | 9.59% | -3.31% | 11.60% | 3.42% | 3.50% | -1.59% |
Returns By Period
In the year-to-date period, FIQSX achieves a -0.61% return, which is significantly lower than RSIIX's 0.36% return.
FIQSX
- 1D
- 0.00%
- 1M
- 0.22%
- YTD
- -0.61%
- 6M
- 0.79%
- 1Y
- 4.71%
- 3Y*
- 7.33%
- 5Y*
- 5.37%
- 10Y*
- —
RSIIX
- 1D
- 0.00%
- 1M
- -0.59%
- YTD
- 0.36%
- 6M
- 0.82%
- 1Y
- 5.26%
- 3Y*
- 7.43%
- 5Y*
- 5.19%
- 10Y*
- 5.50%
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FIQSX vs. RSIIX - Expense Ratio Comparison
FIQSX has a 0.62% expense ratio, which is lower than RSIIX's 1.18% expense ratio.
Return for Risk
FIQSX vs. RSIIX — Risk / Return Rank
FIQSX
RSIIX
FIQSX vs. RSIIX - 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 RiverPark Strategic Income Fund (RSIIX). 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 | RSIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 2.29 | -0.82 |
Sortino ratioReturn per unit of downside risk | 2.06 | 2.92 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.62 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.50 | -1.62 |
Martin ratioReturn relative to average drawdown | 8.89 | 14.75 | -5.85 |
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 | RSIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.29 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.90 | 2.27 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 1.70 | -0.69 |
Correlation
The correlation between FIQSX and RSIIX 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
FIQSX vs. RSIIX - Dividend Comparison
FIQSX's dividend yield for the trailing twelve months is around 6.80%, less than RSIIX's 7.62% 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% |
RSIIX RiverPark Strategic Income Fund | 7.62% | 7.75% | 7.67% | 7.61% | 6.58% | 5.12% | 5.77% | 4.84% | 4.59% | 4.98% | 5.10% | 6.57% |
Drawdowns
FIQSX vs. RSIIX - Drawdown Comparison
The maximum FIQSX drawdown since its inception was -22.19%, which is greater than RSIIX's maximum drawdown of -15.55%. Use the drawdown chart below to compare losses from any high point for FIQSX and RSIIX.
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Drawdown Indicators
| FIQSX | RSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -15.55% | -6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -1.50% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -5.86% | -5.61% | -0.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.55% | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.87% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -1.18% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.36% | +0.22% |
Volatility
FIQSX vs. RSIIX - Volatility Comparison
The current volatility for Fidelity Advisor Floating Rate High Income Fund Class Z (FIQSX) is 0.56%, while RiverPark Strategic Income Fund (RSIIX) has a volatility of 1.14%. This indicates that FIQSX experiences smaller price fluctuations and is considered to be less risky than RSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQSX | RSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 1.14% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 1.61% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 2.30% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 2.30% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.67% | 2.78% | +1.89% |