FIQTX vs. FSKAX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) and Fidelity Total Market Index Fund (FSKAX).
FIQTX is managed by Fidelity. It was launched on Oct 2, 2018. FSKAX is managed by Fidelity.
Performance
FIQTX vs. FSKAX - Performance Comparison
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FIQTX vs. FSKAX - 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% |
FSKAX Fidelity Total Market Index Fund | -3.98% | 17.06% | 23.89% | 26.12% | -19.53% | 25.66% | 20.79% | 30.92% | -10.87% |
Returns By Period
In the year-to-date period, FIQTX achieves a 0.47% return, which is significantly higher than FSKAX's -3.98% return.
FIQTX
- 1D
- 1.21%
- 1M
- -1.84%
- YTD
- 0.47%
- 6M
- 1.90%
- 1Y
- 13.62%
- 3Y*
- 10.49%
- 5Y*
- 5.80%
- 10Y*
- —
FSKAX
- 1D
- 2.99%
- 1M
- -5.06%
- YTD
- -3.98%
- 6M
- -2.04%
- 1Y
- 17.68%
- 3Y*
- 17.87%
- 5Y*
- 10.50%
- 10Y*
- 13.56%
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FIQTX vs. FSKAX - Expense Ratio Comparison
FIQTX has a 0.64% expense ratio, which is higher than FSKAX's 0.02% expense ratio.
Return for Risk
FIQTX vs. FSKAX — Risk / Return Rank
FIQTX
FSKAX
FIQTX vs. FSKAX - 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 Fidelity Total Market Index Fund (FSKAX). 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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 0.98 | +1.11 |
Sortino ratioReturn per unit of downside risk | 2.90 | 1.49 | +1.41 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.23 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.50 | +1.79 |
Martin ratioReturn relative to average drawdown | 14.47 | 7.20 | +7.27 |
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 | FSKAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 0.98 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.61 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.79 | +0.04 |
Correlation
The correlation between FIQTX and FSKAX is 0.81, 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. FSKAX - Dividend Comparison
FIQTX's dividend yield for the trailing twelve months is around 4.44%, more than FSKAX's 1.06% 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% |
FSKAX Fidelity Total Market Index Fund | 1.06% | 1.01% | 1.19% | 1.41% | 1.62% | 1.15% | 1.45% | 1.94% | 2.54% | 2.07% | 2.43% | 0.82% |
Drawdowns
FIQTX vs. FSKAX - Drawdown Comparison
The maximum FIQTX drawdown since its inception was -28.49%, smaller than the maximum FSKAX drawdown of -35.01%. Use the drawdown chart below to compare losses from any high point for FIQTX and FSKAX.
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Drawdown Indicators
| FIQTX | FSKAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -35.01% | +6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -12.42% | +8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -25.39% | +10.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.01% | — |
Current DrawdownCurrent decline from peak | -1.95% | -6.20% | +4.25% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -4.05% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.60% | -1.61% |
Volatility
FIQTX vs. FSKAX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) is 2.65%, while Fidelity Total Market Index Fund (FSKAX) has a volatility of 5.52%. This indicates that FIQTX experiences smaller price fluctuations and is considered to be less risky than FSKAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQTX | FSKAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 5.52% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 9.85% | -5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 18.69% | -11.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 17.42% | -11.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.40% | 18.44% | -10.04% |