FIWDX vs. SPHIX
Compare and contrast key facts about Fidelity Advisor Strategic Income Fund Class Z (FIWDX) and Fidelity High Income Fund (SPHIX).
FIWDX is managed by Fidelity. It was launched on Oct 2, 2018. SPHIX is managed by Fidelity. It was launched on Aug 29, 1990.
Performance
FIWDX vs. SPHIX - Performance Comparison
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FIWDX vs. SPHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIWDX Fidelity Advisor Strategic Income Fund Class Z | -0.80% | 8.98% | 6.07% | 9.20% | -11.76% | 3.51% | 7.60% | 11.20% | -1.63% |
SPHIX Fidelity High Income Fund | -0.85% | 9.85% | 9.57% | 10.99% | -13.08% | 3.55% | 2.47% | 14.27% | -4.53% |
Returns By Period
In the year-to-date period, FIWDX achieves a -0.80% return, which is significantly higher than SPHIX's -0.85% return.
FIWDX
- 1D
- 0.00%
- 1M
- -2.61%
- YTD
- -0.80%
- 6M
- 0.50%
- 1Y
- 7.24%
- 3Y*
- 6.67%
- 5Y*
- 2.79%
- 10Y*
- —
SPHIX
- 1D
- 0.00%
- 1M
- -2.33%
- YTD
- -0.85%
- 6M
- 0.57%
- 1Y
- 8.03%
- 3Y*
- 8.81%
- 5Y*
- 3.72%
- 10Y*
- 5.26%
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FIWDX vs. SPHIX - Expense Ratio Comparison
FIWDX has a 0.61% expense ratio, which is lower than SPHIX's 0.70% expense ratio.
Return for Risk
FIWDX vs. SPHIX — Risk / Return Rank
FIWDX
SPHIX
FIWDX vs. SPHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class Z (FIWDX) and Fidelity High Income Fund (SPHIX). 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.
| FIWDX | SPHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.18 | 2.12 | +0.06 |
Sortino ratioReturn per unit of downside risk | 3.05 | 2.97 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.49 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.91 | 2.43 | +0.48 |
Martin ratioReturn relative to average drawdown | 11.43 | 10.66 | +0.77 |
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
| FIWDX | SPHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 2.12 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.71 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.44 | -0.60 |
Correlation
The correlation between FIWDX and SPHIX is 0.76, 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
FIWDX vs. SPHIX - Dividend Comparison
FIWDX's dividend yield for the trailing twelve months is around 4.12%, less than SPHIX's 6.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIWDX Fidelity Advisor Strategic Income Fund Class Z | 4.12% | 4.39% | 4.21% | 4.02% | 2.99% | 4.28% | 4.62% | 4.39% | 1.13% | 0.00% | 0.00% | 0.00% |
SPHIX Fidelity High Income Fund | 6.01% | 6.43% | 6.10% | 5.41% | 3.91% | 4.07% | 4.71% | 5.10% | 6.02% | 5.40% | 6.07% | 5.59% |
Drawdowns
FIWDX vs. SPHIX - Drawdown Comparison
The maximum FIWDX drawdown since its inception was -15.96%, smaller than the maximum SPHIX drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for FIWDX and SPHIX.
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Drawdown Indicators
| FIWDX | SPHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -31.36% | +15.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -3.31% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -15.96% | -16.46% | +0.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.44% | — |
Current DrawdownCurrent decline from peak | -2.61% | -2.33% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -3.49% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.75% | -0.08% |
Volatility
FIWDX vs. SPHIX - Volatility Comparison
Fidelity Advisor Strategic Income Fund Class Z (FIWDX) has a higher volatility of 1.49% compared to Fidelity High Income Fund (SPHIX) at 1.33%. This indicates that FIWDX's price experiences larger fluctuations and is considered to be riskier than SPHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIWDX | SPHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.33% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 2.28% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 3.95% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.45% | 5.26% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 5.79% | -0.92% |