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FSHNX vs. FAHCX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSHNX and FAHCX is 0.44, 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

FSHNX vs. FAHCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series High Income Fund (FSHNX) and Fidelity Advisor High Income Advantage Fund Class I (FAHCX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FSHNX:

2.36

FAHCX:

1.08

Sortino Ratio

FSHNX:

3.37

FAHCX:

1.54

Omega Ratio

FSHNX:

1.56

FAHCX:

1.22

Calmar Ratio

FSHNX:

2.32

FAHCX:

1.08

Martin Ratio

FSHNX:

10.11

FAHCX:

4.09

Ulcer Index

FSHNX:

0.93%

FAHCX:

1.85%

Daily Std Dev

FSHNX:

3.95%

FAHCX:

6.87%

Max Drawdown

FSHNX:

-21.98%

FAHCX:

-48.54%

Current Drawdown

FSHNX:

-0.13%

FAHCX:

-0.97%

Returns By Period

In the year-to-date period, FSHNX achieves a 1.96% return, which is significantly higher than FAHCX's 1.37% return. Over the past 10 years, FSHNX has underperformed FAHCX with an annualized return of 4.92%, while FAHCX has yielded a comparatively higher 5.47% annualized return.


FSHNX

YTD

1.96%

1M

3.83%

6M

2.07%

1Y

9.38%

5Y*

6.26%

10Y*

4.92%

FAHCX

YTD

1.37%

1M

4.74%

6M

0.57%

1Y

7.45%

5Y*

8.27%

10Y*

5.47%

*Annualized

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FSHNX vs. FAHCX - Expense Ratio Comparison

FSHNX has a 0.00% expense ratio, which is lower than FAHCX's 0.74% expense ratio.


Risk-Adjusted Performance

FSHNX vs. FAHCX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSHNX
The Risk-Adjusted Performance Rank of FSHNX is 9494
Overall Rank
The Sharpe Ratio Rank of FSHNX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of FSHNX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of FSHNX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of FSHNX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of FSHNX is 9494
Martin Ratio Rank

FAHCX
The Risk-Adjusted Performance Rank of FAHCX is 8383
Overall Rank
The Sharpe Ratio Rank of FAHCX is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of FAHCX is 8282
Sortino Ratio Rank
The Omega Ratio Rank of FAHCX is 8383
Omega Ratio Rank
The Calmar Ratio Rank of FAHCX is 8585
Calmar Ratio Rank
The Martin Ratio Rank of FAHCX is 8282
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FSHNX vs. FAHCX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series High Income Fund (FSHNX) and Fidelity Advisor High Income Advantage Fund Class I (FAHCX). 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.


The current FSHNX Sharpe Ratio is 2.36, which is higher than the FAHCX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of FSHNX and FAHCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FSHNX vs. FAHCX - Dividend Comparison

FSHNX's dividend yield for the trailing twelve months is around 6.71%, more than FAHCX's 4.49% yield.


TTM20242023202220212020201920182017201620152014
FSHNX
Fidelity Series High Income Fund
6.71%6.49%6.21%6.34%5.38%5.57%6.34%6.95%6.04%5.61%7.05%9.21%
FAHCX
Fidelity Advisor High Income Advantage Fund Class I
4.49%4.96%5.12%4.73%3.23%3.71%4.45%6.10%4.94%4.74%5.28%4.71%

Drawdowns

FSHNX vs. FAHCX - Drawdown Comparison

The maximum FSHNX drawdown since its inception was -21.98%, smaller than the maximum FAHCX drawdown of -48.54%. Use the drawdown chart below to compare losses from any high point for FSHNX and FAHCX. For additional features, visit the drawdowns tool.


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Volatility

FSHNX vs. FAHCX - Volatility Comparison

The current volatility for Fidelity Series High Income Fund (FSHNX) is 1.27%, while Fidelity Advisor High Income Advantage Fund Class I (FAHCX) has a volatility of 2.22%. This indicates that FSHNX experiences smaller price fluctuations and is considered to be less risky than FAHCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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