FIQTX vs. PRCPX
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) and T. Rowe Price Credit Opportunities Fund (PRCPX).
FIQTX is managed by Fidelity. It was launched on Oct 2, 2018. PRCPX is a passively managed fund by T. Rowe Price that tracks the performance of the Bloomberg US High-Yield 2% Issuer Capped Bond Index. It was launched on Apr 29, 2014.
Performance
FIQTX vs. PRCPX - Performance Comparison
Loading graphics...
FIQTX vs. PRCPX - 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% |
PRCPX T. Rowe Price Credit Opportunities Fund | 0.37% | 14.80% | 7.46% | 14.90% | -10.50% | 6.36% | 5.55% | 13.77% | -3.08% |
Returns By Period
In the year-to-date period, FIQTX achieves a 0.47% return, which is significantly higher than PRCPX's 0.37% return.
FIQTX
- 1D
- 1.21%
- 1M
- -1.84%
- YTD
- 0.47%
- 6M
- 1.90%
- 1Y
- 13.62%
- 3Y*
- 10.49%
- 5Y*
- 5.80%
- 10Y*
- —
PRCPX
- 1D
- 0.51%
- 1M
- -1.12%
- YTD
- 0.37%
- 6M
- 3.54%
- 1Y
- 14.12%
- 3Y*
- 10.79%
- 5Y*
- 5.93%
- 10Y*
- 6.88%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FIQTX vs. PRCPX - Expense Ratio Comparison
FIQTX has a 0.64% expense ratio, which is lower than PRCPX's 0.81% expense ratio.
Return for Risk
FIQTX vs. PRCPX — Risk / Return Rank
FIQTX
PRCPX
FIQTX vs. PRCPX - 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 T. Rowe Price Credit Opportunities Fund (PRCPX). 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 | PRCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 3.49 | -1.40 |
Sortino ratioReturn per unit of downside risk | 2.90 | 5.55 | -2.65 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.93 | -0.49 |
Calmar ratioReturn relative to maximum drawdown | 3.30 | 4.86 | -1.57 |
Martin ratioReturn relative to average drawdown | 14.47 | 22.46 | -7.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FIQTX | PRCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 3.49 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.24 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.88 | -0.05 |
Correlation
The correlation between FIQTX and PRCPX 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. PRCPX - Dividend Comparison
FIQTX's dividend yield for the trailing twelve months is around 4.44%, less than PRCPX's 12.83% 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% |
PRCPX T. Rowe Price Credit Opportunities Fund | 12.83% | 12.19% | 7.03% | 7.88% | 4.89% | 5.11% | 5.36% | 5.18% | 5.72% | 4.95% | 5.88% | 7.58% |
Drawdowns
FIQTX vs. PRCPX - Drawdown Comparison
The maximum FIQTX drawdown since its inception was -28.49%, which is greater than PRCPX's maximum drawdown of -23.07%. Use the drawdown chart below to compare losses from any high point for FIQTX and PRCPX.
Loading graphics...
Drawdown Indicators
| FIQTX | PRCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.49% | -23.07% | -5.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -3.03% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -15.16% | -14.34% | -0.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.07% | — |
Current DrawdownCurrent decline from peak | -1.95% | -1.24% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -3.16% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.66% | +0.33% |
Volatility
FIQTX vs. PRCPX - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a higher volatility of 2.65% compared to T. Rowe Price Credit Opportunities Fund (PRCPX) at 1.24%. This indicates that FIQTX's price experiences larger fluctuations and is considered to be riskier than PRCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FIQTX | PRCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 1.24% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 2.48% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 4.12% | +2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 4.79% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.40% | 5.45% | +2.95% |