FIQTX vs. FTKFX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) and Fidelity Total Bond K6 Fund (FTKFX).
FIQTX is managed by Fidelity. It was launched on Oct 2, 2018. FTKFX is managed by Fidelity. It was launched on May 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIQTX or FTKFX.
Key characteristics
| FIQTX | FTKFX | |
|---|---|---|
| YTD Return | 11.06% | 2.65% |
| 1Y Return | 16.06% | 8.33% |
| 3Y Return (Ann) | 2.08% | -1.40% |
| 5Y Return (Ann) | 5.81% | 0.27% |
| Sharpe Ratio | 3.41 | 1.34 |
| Sortino Ratio | 5.25 | 2.04 |
| Omega Ratio | 1.75 | 1.24 |
| Calmar Ratio | 1.82 | 0.56 |
| Martin Ratio | 23.71 | 4.92 |
| Ulcer Index | 0.66% | 1.54% |
| Daily Std Dev | 4.59% | 5.63% |
| Max Drawdown | -28.49% | -18.64% |
| Current Drawdown | -0.62% | -6.85% |
Correlation
The correlation between FIQTX and FTKFX is 0.25, 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.
Performance
FIQTX vs. FTKFX - Performance Comparison
In the year-to-date period, FIQTX achieves a 11.06% return, which is significantly higher than FTKFX's 2.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIQTX vs. FTKFX - Expense Ratio Comparison
FIQTX has a 0.64% expense ratio, which is higher than FTKFX's 0.30% expense ratio.
Risk-Adjusted Performance
FIQTX vs. FTKFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) and Fidelity Total Bond K6 Fund (FTKFX). 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.
Dividends
FIQTX vs. FTKFX - Dividend Comparison
FIQTX's dividend yield for the trailing twelve months is around 4.99%, more than FTKFX's 4.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 4.99% | 5.22% | 4.84% | 3.32% | 3.81% | 4.53% | 2.55% | 0.00% |
FTKFX Fidelity Total Bond K6 Fund | 4.64% | 4.24% | 3.33% | 2.27% | 2.53% | 3.07% | 2.94% | 0.74% |
Drawdowns
FIQTX vs. FTKFX - Drawdown Comparison
The maximum FIQTX drawdown since its inception was -28.49%, which is greater than FTKFX's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for FIQTX and FTKFX. For additional features, visit the drawdowns tool.
Volatility
FIQTX vs. FTKFX - Volatility Comparison
The current volatility for Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) is 1.14%, while Fidelity Total Bond K6 Fund (FTKFX) has a volatility of 1.64%. This indicates that FIQTX experiences smaller price fluctuations and is considered to be less risky than FTKFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.