FIQTX vs. FHYSX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
FIQTX is managed by Fidelity. It was launched on Oct 2, 2018. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
FIQTX vs. FHYSX - Performance Comparison
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FIQTX vs. FHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 0.47% | 12.17% | 10.38% | 12.37% | -11.16% | 11.13% | 9.06% | 17.93% | -6.84% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.26% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -3.47% |
Returns By Period
In the year-to-date period, FIQTX achieves a 0.47% return, which is significantly higher than FHYSX's -1.26% return.
FIQTX
- 1D
- 1.21%
- 1M
- -1.84%
- YTD
- 0.47%
- 6M
- 1.90%
- 1Y
- 13.62%
- 3Y*
- 10.49%
- 5Y*
- 5.80%
- 10Y*
- —
FHYSX
- 1D
- 0.52%
- 1M
- -1.60%
- YTD
- -1.26%
- 6M
- 0.52%
- 1Y
- 6.43%
- 3Y*
- 7.67%
- 5Y*
- 3.19%
- 10Y*
- 5.44%
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FIQTX vs. FHYSX - Expense Ratio Comparison
FIQTX has a 0.64% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
FIQTX vs. FHYSX — Risk / Return Rank
FIQTX
FHYSX
FIQTX vs. FHYSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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.
| FIQTX | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.71 | +0.37 |
Sortino ratioReturn per unit of downside risk | 2.90 | 2.43 | +0.47 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.46 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 2.73 | +0.57 |
Martin ratioReturn relative to average drawdown | 14.47 | 11.03 | +3.44 |
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
| FIQTX | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.71 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.62 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.95 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.86 | -0.02 |
Correlation
The correlation between FIQTX and FHYSX is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FIQTX vs. FHYSX - Dividend Comparison
FIQTX's dividend yield for the trailing twelve months is around 4.44%, less than FHYSX's 5.79% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 4.44% | 4.83% | 5.06% | 4.79% | 7.43% | 5.01% | 3.80% | 4.61% | 2.54% | 0.00% | 0.00% | 0.00% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.79% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
FIQTX vs. FHYSX - Drawdown Comparison
The maximum FIQTX drawdown since its inception was -28.49%, which is greater than FHYSX's maximum drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for FIQTX and FHYSX.
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Drawdown Indicators
| FIQTX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -21.45% | -7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -2.50% | -1.84% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -16.93% | +1.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -1.95% | -1.77% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -2.61% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.62% | +0.37% |
Volatility
FIQTX vs. FHYSX - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a higher volatility of 2.65% compared to Federated Hermes High-Yield Strategy Portfolio (FHYSX) at 1.38%. This indicates that FIQTX's price experiences larger fluctuations and is considered to be riskier than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQTX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 1.38% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 2.43% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 3.79% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 5.20% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.40% | 5.77% | +2.63% |