FIQTX vs. HYG
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
FIQTX is managed by Fidelity. It was launched on Oct 2, 2018. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Performance
FIQTX vs. HYG - Performance Comparison
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FIQTX vs. HYG - 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.11% | 8.59% | 7.97% | 11.54% | -10.98% | 3.76% | 4.47% | 14.09% | -3.46% |
Returns By Period
In the year-to-date period, FIQTX achieves a 0.47% return, which is significantly higher than HYG's -0.11% return.
FIQTX
- 1D
- 1.21%
- 1M
- -1.84%
- YTD
- 0.47%
- 6M
- 1.90%
- 1Y
- 13.62%
- 3Y*
- 10.49%
- 5Y*
- 5.80%
- 10Y*
- —
HYG
- 1D
- 0.24%
- 1M
- -0.65%
- YTD
- -0.11%
- 6M
- 0.93%
- 1Y
- 6.91%
- 3Y*
- 7.99%
- 5Y*
- 3.66%
- 10Y*
- 5.16%
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FIQTX vs. HYG - Expense Ratio Comparison
FIQTX has a 0.64% expense ratio, which is higher than HYG's 0.49% expense ratio.
Return for Risk
FIQTX vs. HYG — Risk / Return Rank
FIQTX
HYG
FIQTX vs. HYG - 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 iShares iBoxx $ High Yield Corporate Bond ETF (HYG). 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 | HYG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.25 | +0.84 |
Sortino ratioReturn per unit of downside risk | 2.90 | 1.87 | +1.03 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.29 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 1.82 | +1.48 |
Martin ratioReturn relative to average drawdown | 14.47 | 9.57 | +4.90 |
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 | HYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.25 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.49 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.45 | +0.38 |
Correlation
The correlation between FIQTX and HYG is 0.73, 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. HYG - Dividend Comparison
FIQTX's dividend yield for the trailing twelve months is around 4.44%, less than HYG's 5.88% 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.88% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
Drawdowns
FIQTX vs. HYG - Drawdown Comparison
The maximum FIQTX drawdown since its inception was -28.49%, smaller than the maximum HYG drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for FIQTX and HYG.
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Drawdown Indicators
| FIQTX | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -34.25% | +5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -3.93% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -15.79% | +0.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.03% | — |
Current DrawdownCurrent decline from peak | -1.95% | -1.05% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -3.27% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.75% | +0.24% |
Volatility
FIQTX vs. HYG - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a higher volatility of 2.65% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 2.30%. This indicates that FIQTX's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQTX | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.30% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 2.93% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 5.57% | +1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 7.51% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.40% | 8.31% | +0.09% |