FSBHX vs. FBNAX
Compare and contrast key facts about Fidelity Advisor Short Duration High Income Fund Class A (FSBHX) and Fidelity Advisor Short-Term Bond Fund Class A (FBNAX).
FSBHX is managed by Fidelity. It was launched on Nov 5, 2013. FBNAX is managed by Fidelity. It was launched on Jul 12, 2016.
Performance
FSBHX vs. FBNAX - Performance Comparison
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FSBHX vs. FBNAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSBHX Fidelity Advisor Short Duration High Income Fund Class A | -0.16% | 7.45% | 7.45% | 9.99% | -7.57% | 2.55% | 3.72% | 9.04% | -1.49% | 4.69% |
FBNAX Fidelity Advisor Short-Term Bond Fund Class A | -0.11% | 5.15% | 4.63% | 4.72% | -4.00% | -1.08% | 3.61% | 4.01% | 1.00% | 0.95% |
Returns By Period
In the year-to-date period, FSBHX achieves a -0.16% return, which is significantly lower than FBNAX's -0.11% return.
FSBHX
- 1D
- 0.57%
- 1M
- -1.00%
- YTD
- -0.16%
- 6M
- 1.18%
- 1Y
- 6.57%
- 3Y*
- 7.28%
- 5Y*
- 3.65%
- 10Y*
- 4.35%
FBNAX
- 1D
- 0.00%
- 1M
- -0.70%
- YTD
- -0.11%
- 6M
- 0.73%
- 1Y
- 3.39%
- 3Y*
- 4.33%
- 5Y*
- 1.91%
- 10Y*
- —
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FSBHX vs. FBNAX - Expense Ratio Comparison
FSBHX has a 1.00% expense ratio, which is higher than FBNAX's 0.65% expense ratio.
Return for Risk
FSBHX vs. FBNAX — Risk / Return Rank
FSBHX
FBNAX
FSBHX vs. FBNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Short Duration High Income Fund Class A (FSBHX) and Fidelity Advisor Short-Term Bond Fund Class A (FBNAX). 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.
| FSBHX | FBNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.07 | 1.77 | +0.30 |
Sortino ratioReturn per unit of downside risk | 3.08 | 3.08 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.44 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 3.01 | -0.27 |
Martin ratioReturn relative to average drawdown | 12.57 | 12.17 | +0.40 |
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
| FSBHX | FBNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.77 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.91 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 1.04 | -0.24 |
Correlation
The correlation between FSBHX and FBNAX is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FSBHX vs. FBNAX - Dividend Comparison
FSBHX's dividend yield for the trailing twelve months is around 6.67%, more than FBNAX's 3.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSBHX Fidelity Advisor Short Duration High Income Fund Class A | 6.67% | 7.08% | 5.82% | 5.70% | 2.70% | 2.63% | 3.23% | 3.97% | 4.26% | 3.85% | 4.47% | 4.16% |
FBNAX Fidelity Advisor Short-Term Bond Fund Class A | 3.70% | 4.06% | 3.79% | 2.53% | 0.67% | 0.87% | 2.52% | 1.94% | 1.58% | 1.07% | 0.41% | 0.00% |
Drawdowns
FSBHX vs. FBNAX - Drawdown Comparison
The maximum FSBHX drawdown since its inception was -16.79%, which is greater than FBNAX's maximum drawdown of -6.64%. Use the drawdown chart below to compare losses from any high point for FSBHX and FBNAX.
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Drawdown Indicators
| FSBHX | FBNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.79% | -6.64% | -10.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -1.29% | -1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -9.54% | -6.42% | -3.12% |
Max Drawdown (10Y)Largest decline over 10 years | -16.79% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -0.94% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -1.03% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.32% | +0.24% |
Volatility
FSBHX vs. FBNAX - Volatility Comparison
Fidelity Advisor Short Duration High Income Fund Class A (FSBHX) has a higher volatility of 1.25% compared to Fidelity Advisor Short-Term Bond Fund Class A (FBNAX) at 0.57%. This indicates that FSBHX's price experiences larger fluctuations and is considered to be riskier than FBNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSBHX | FBNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.57% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.26% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.26% | 1.97% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.77% | 2.12% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 1.81% | +2.40% |