FSAHX vs. FIQTX
Compare and contrast key facts about Fidelity Short Duration High Income Fund (FSAHX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX).
FSAHX is managed by Fidelity. It was launched on Nov 5, 2013. FIQTX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
FSAHX vs. FIQTX - Performance Comparison
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FSAHX vs. FIQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSAHX Fidelity Short Duration High Income Fund | -0.12% | 7.75% | 8.23% | 10.29% | -7.06% | 2.78% | 3.69% | 9.32% | -2.91% |
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% |
Returns By Period
In the year-to-date period, FSAHX achieves a -0.12% return, which is significantly lower than FIQTX's 0.47% return.
FSAHX
- 1D
- 0.57%
- 1M
- -1.00%
- YTD
- -0.12%
- 6M
- 1.30%
- 1Y
- 6.83%
- 3Y*
- 7.73%
- 5Y*
- 4.08%
- 10Y*
- 4.67%
FIQTX
- 1D
- 1.21%
- 1M
- -1.84%
- YTD
- 0.47%
- 6M
- 1.90%
- 1Y
- 13.62%
- 3Y*
- 10.49%
- 5Y*
- 5.80%
- 10Y*
- —
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FSAHX vs. FIQTX - Expense Ratio Comparison
FSAHX has a 0.75% expense ratio, which is higher than FIQTX's 0.64% expense ratio.
Return for Risk
FSAHX vs. FIQTX — Risk / Return Rank
FSAHX
FIQTX
FSAHX vs. FIQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short Duration High Income Fund (FSAHX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX). 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.
| FSAHX | FIQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 2.08 | +0.04 |
Sortino ratioReturn per unit of downside risk | 3.19 | 2.90 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.44 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.85 | 3.30 | -0.45 |
Martin ratioReturn relative to average drawdown | 13.11 | 14.47 | -1.36 |
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
| FSAHX | FIQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.08 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.92 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.83 | +0.03 |
Correlation
The correlation between FSAHX and FIQTX is 0.77, 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
FSAHX vs. FIQTX - Dividend Comparison
FSAHX's dividend yield for the trailing twelve months is around 6.92%, more than FIQTX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSAHX Fidelity Short Duration High Income Fund | 6.92% | 7.36% | 6.53% | 5.97% | 3.26% | 2.85% | 3.19% | 4.22% | 4.52% | 4.11% | 4.73% | 4.40% |
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% |
Drawdowns
FSAHX vs. FIQTX - Drawdown Comparison
The maximum FSAHX drawdown since its inception was -16.77%, smaller than the maximum FIQTX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for FSAHX and FIQTX.
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Drawdown Indicators
| FSAHX | FIQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.77% | -28.49% | +11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -4.34% | +1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -9.43% | -15.16% | +5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -16.77% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -1.95% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -3.37% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.99% | -0.43% |
Volatility
FSAHX vs. FIQTX - Volatility Comparison
The current volatility for Fidelity Short Duration High Income Fund (FSAHX) is 1.25%, while Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a volatility of 2.65%. This indicates that FSAHX experiences smaller price fluctuations and is considered to be less risky than FIQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSAHX | FIQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 2.65% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.07% | 4.31% | -2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 6.72% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.82% | 6.32% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.24% | 8.40% | -4.16% |