FSBHX vs. FHYSX
Compare and contrast key facts about Fidelity Advisor Short Duration High Income Fund Class A (FSBHX) and Federated Hermes High-Yield Strategy Portfolio (FHYSX).
FSBHX is managed by Fidelity. It was launched on Nov 5, 2013. FHYSX is managed by Federated. It was launched on Dec 24, 2008.
Performance
FSBHX vs. FHYSX - Performance Comparison
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FSBHX vs. FHYSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSBHX Fidelity Advisor Short Duration High Income Fund Class A | -0.73% | 7.45% | 7.45% | 9.99% | -7.57% | 2.55% | 3.72% | 9.04% | -1.49% | 4.69% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | -1.76% | 9.14% | 6.42% | 12.77% | -13.16% | 4.49% | 6.08% | 15.14% | -2.16% | 8.34% |
Returns By Period
In the year-to-date period, FSBHX achieves a -0.73% return, which is significantly higher than FHYSX's -1.76% return. Over the past 10 years, FSBHX has underperformed FHYSX with an annualized return of 4.29%, while FHYSX has yielded a comparatively higher 5.39% annualized return.
FSBHX
- 1D
- 0.11%
- 1M
- -1.56%
- YTD
- -0.73%
- 6M
- 0.72%
- 1Y
- 6.09%
- 3Y*
- 7.08%
- 5Y*
- 3.55%
- 10Y*
- 4.29%
FHYSX
- 1D
- 0.17%
- 1M
- -2.27%
- YTD
- -1.76%
- 6M
- 0.01%
- 1Y
- 5.88%
- 3Y*
- 7.48%
- 5Y*
- 3.11%
- 10Y*
- 5.39%
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FSBHX vs. FHYSX - Expense Ratio Comparison
FSBHX has a 1.00% expense ratio, which is higher than FHYSX's 0.02% expense ratio.
Return for Risk
FSBHX vs. FHYSX — Risk / Return Rank
FSBHX
FHYSX
FSBHX vs. FHYSX - 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 Federated Hermes High-Yield Strategy Portfolio (FHYSX). 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 | FHYSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 1.67 | +0.34 |
Sortino ratioReturn per unit of downside risk | 2.98 | 2.37 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.45 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.36 | +0.05 |
Martin ratioReturn relative to average drawdown | 11.16 | 9.71 | +1.45 |
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 | FHYSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.67 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.60 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.94 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.85 | -0.06 |
Correlation
The correlation between FSBHX and FHYSX is 0.80, 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
FSBHX vs. FHYSX - Dividend Comparison
FSBHX's dividend yield for the trailing twelve months is around 6.71%, more than FHYSX's 5.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSBHX Fidelity Advisor Short Duration High Income Fund Class A | 6.71% | 7.08% | 5.82% | 5.70% | 2.70% | 2.63% | 3.23% | 3.97% | 4.26% | 3.85% | 4.47% | 4.16% |
FHYSX Federated Hermes High-Yield Strategy Portfolio | 5.82% | 6.28% | 5.84% | 5.30% | 5.27% | 4.54% | 5.74% | 6.18% | 6.61% | 6.98% | 6.45% | 8.45% |
Drawdowns
FSBHX vs. FHYSX - Drawdown Comparison
The maximum FSBHX drawdown since its inception was -16.79%, smaller than the maximum FHYSX drawdown of -21.45%. Use the drawdown chart below to compare losses from any high point for FSBHX and FHYSX.
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Drawdown Indicators
| FSBHX | FHYSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.79% | -21.45% | +4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -2.50% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -9.54% | -16.93% | +7.39% |
Max Drawdown (10Y)Largest decline over 10 years | -16.79% | -21.45% | +4.66% |
Current DrawdownCurrent decline from peak | -1.67% | -2.27% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -2.61% | +0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.61% | -0.05% |
Volatility
FSBHX vs. FHYSX - Volatility Comparison
The current volatility for Fidelity Advisor Short Duration High Income Fund Class A (FSBHX) is 1.07%, while Federated Hermes High-Yield Strategy Portfolio (FHYSX) has a volatility of 1.24%. This indicates that FSBHX experiences smaller price fluctuations and is considered to be less risky than FHYSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSBHX | FHYSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.24% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 2.37% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 3.76% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.77% | 5.20% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 5.76% | -1.55% |