FIQTX vs. FOCIX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) and Fairholme Focused Income Fund (FOCIX).
FIQTX is managed by Fidelity. It was launched on Oct 2, 2018. FOCIX is managed by Fairholme. It was launched on Dec 31, 2009.
Performance
FIQTX vs. FOCIX - Performance Comparison
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FIQTX vs. FOCIX - 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% |
FOCIX Fairholme Focused Income Fund | 6.09% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -2.24% |
Returns By Period
In the year-to-date period, FIQTX achieves a 0.47% return, which is significantly lower than FOCIX's 6.09% return.
FIQTX
- 1D
- 1.21%
- 1M
- -1.84%
- YTD
- 0.47%
- 6M
- 1.90%
- 1Y
- 13.62%
- 3Y*
- 10.49%
- 5Y*
- 5.80%
- 10Y*
- —
FOCIX
- 1D
- -0.78%
- 1M
- -0.78%
- YTD
- 6.09%
- 6M
- 5.89%
- 1Y
- 8.09%
- 3Y*
- 11.48%
- 5Y*
- 9.76%
- 10Y*
- 8.16%
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FIQTX vs. FOCIX - Expense Ratio Comparison
FIQTX has a 0.64% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Return for Risk
FIQTX vs. FOCIX — Risk / Return Rank
FIQTX
FOCIX
FIQTX vs. FOCIX - 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 Fairholme Focused Income Fund (FOCIX). 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 | FOCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 0.88 | +1.20 |
Sortino ratioReturn per unit of downside risk | 2.90 | 1.25 | +1.65 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.17 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.10 | +2.20 |
Martin ratioReturn relative to average drawdown | 14.47 | 4.45 | +10.02 |
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 | FOCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 0.88 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.01 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.79 | +0.04 |
Correlation
The correlation between FIQTX and FOCIX is 0.46, 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.
Dividends
FIQTX vs. FOCIX - Dividend Comparison
FIQTX's dividend yield for the trailing twelve months is around 4.44%, more than FOCIX's 1.24% 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% |
FOCIX Fairholme Focused Income Fund | 1.24% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
Drawdowns
FIQTX vs. FOCIX - Drawdown Comparison
The maximum FIQTX drawdown since its inception was -28.49%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for FIQTX and FOCIX.
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Drawdown Indicators
| FIQTX | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -18.78% | -9.71% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -7.32% | +2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -12.36% | -2.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.61% | — |
Current DrawdownCurrent decline from peak | -1.95% | -1.35% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -4.81% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.84% | -0.85% |
Volatility
FIQTX vs. FOCIX - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a higher volatility of 2.65% compared to Fairholme Focused Income Fund (FOCIX) at 2.33%. This indicates that FIQTX's price experiences larger fluctuations and is considered to be riskier than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQTX | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.33% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 5.68% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 9.27% | -2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 9.74% | -3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.40% | 9.18% | -0.78% |