FIQTX vs. SPHY
Compare and contrast key facts about Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) and SPDR Portfolio High Yield Bond ETF (SPHY).
FIQTX is managed by Fidelity. It was launched on Oct 2, 2018. SPHY is a passively managed fund by State Street that tracks the performance of the ICE BofAML US High Yield Index. It was launched on Jun 18, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIQTX or SPHY.
Correlation
The correlation between FIQTX and SPHY is 0.69, 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.
Performance
FIQTX vs. SPHY - Performance Comparison
Key characteristics
FIQTX:
0.98
SPHY:
1.59
FIQTX:
1.36
SPHY:
2.32
FIQTX:
1.20
SPHY:
1.34
FIQTX:
0.95
SPHY:
1.82
FIQTX:
3.80
SPHY:
9.82
FIQTX:
1.75%
SPHY:
0.90%
FIQTX:
6.79%
SPHY:
5.58%
FIQTX:
-28.49%
SPHY:
-21.97%
FIQTX:
-3.19%
SPHY:
-0.99%
Returns By Period
In the year-to-date period, FIQTX achieves a -0.90% return, which is significantly lower than SPHY's 1.22% return.
FIQTX
-0.90%
0.50%
0.06%
6.64%
9.42%
N/A
SPHY
1.22%
0.20%
2.15%
8.94%
6.80%
4.53%
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FIQTX vs. SPHY - Expense Ratio Comparison
FIQTX has a 0.64% expense ratio, which is higher than SPHY's 0.10% expense ratio.
Risk-Adjusted Performance
FIQTX vs. SPHY — Risk-Adjusted Performance Rank
FIQTX
SPHY
FIQTX vs. SPHY - 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 SPDR Portfolio High Yield Bond ETF (SPHY). 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. SPHY - Dividend Comparison
FIQTX's dividend yield for the trailing twelve months is around 5.10%, less than SPHY's 7.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 5.10% | 5.06% | 5.22% | 8.56% | 5.50% | 3.80% | 4.61% | 2.54% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.76% | 7.80% | 7.30% | 6.47% | 5.14% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% | 3.98% |
Drawdowns
FIQTX vs. SPHY - Drawdown Comparison
The maximum FIQTX drawdown since its inception was -28.49%, which is greater than SPHY's maximum drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for FIQTX and SPHY. For additional features, visit the drawdowns tool.
Volatility
FIQTX vs. SPHY - Volatility Comparison
Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a higher volatility of 4.40% compared to SPDR Portfolio High Yield Bond ETF (SPHY) at 4.19%. This indicates that FIQTX's price experiences larger fluctuations and is considered to be riskier than SPHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.