FSHNX vs. FAHCX
Compare and contrast key facts about Fidelity Series High Income Fund (FSHNX) and Fidelity Advisor High Income Advantage Fund Class I (FAHCX).
FSHNX is managed by Fidelity. It was launched on Mar 10, 2011. FAHCX is managed by Fidelity. It was launched on Jul 3, 1995.
Performance
FSHNX vs. FAHCX - Performance Comparison
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FSHNX vs. FAHCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | -0.28% | 11.17% | 8.75% | 11.25% | -11.52% | 6.05% | 4.57% | 15.20% | -2.14% | 9.40% |
FAHCX Fidelity Advisor High Income Advantage Fund Class I | 0.45% | 12.06% | 9.50% | 12.15% | -11.15% | 10.96% | 8.94% | 17.81% | -5.25% | 11.74% |
Returns By Period
In the year-to-date period, FSHNX achieves a -0.28% return, which is significantly lower than FAHCX's 0.45% return. Over the past 10 years, FSHNX has underperformed FAHCX with an annualized return of 6.29%, while FAHCX has yielded a comparatively higher 7.56% annualized return.
FSHNX
- 1D
- 0.57%
- 1M
- -1.46%
- YTD
- -0.28%
- 6M
- 1.53%
- 1Y
- 9.60%
- 3Y*
- 9.20%
- 5Y*
- 4.68%
- 10Y*
- 6.29%
FAHCX
- 1D
- 1.21%
- 1M
- -1.76%
- YTD
- 0.45%
- 6M
- 1.86%
- 1Y
- 13.51%
- 3Y*
- 10.09%
- 5Y*
- 5.53%
- 10Y*
- 7.56%
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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.
Return for Risk
FSHNX vs. FAHCX — Risk / Return Rank
FSHNX
FAHCX
FSHNX vs. FAHCX - Risk-Adjusted Trends 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.
| FSHNX | FAHCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.45 | 2.06 | +0.39 |
Sortino ratioReturn per unit of downside risk | 3.63 | 2.87 | +0.76 |
Omega ratioGain probability vs. loss probability | 1.61 | 1.43 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 3.13 | 3.27 | -0.14 |
Martin ratioReturn relative to average drawdown | 14.43 | 14.21 | +0.22 |
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
| FSHNX | FAHCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 2.06 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.88 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | 1.00 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.95 | +0.01 |
Correlation
The correlation between FSHNX and FAHCX is 0.81, 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
FSHNX vs. FAHCX - Dividend Comparison
FSHNX's dividend yield for the trailing twelve months is around 6.53%, more than FAHCX's 4.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | 6.53% | 7.04% | 5.97% | 6.21% | 4.90% | 5.01% | 5.57% | 6.35% | 6.95% | 6.03% | 6.24% | 5.79% |
FAHCX Fidelity Advisor High Income Advantage Fund Class I | 4.35% | 4.73% | 4.18% | 4.70% | 7.35% | 4.94% | 3.70% | 4.51% | 6.09% | 4.95% | 5.53% | 4.42% |
Drawdowns
FSHNX vs. FAHCX - Drawdown Comparison
The maximum FSHNX drawdown since its inception was -21.98%, smaller than the maximum FAHCX drawdown of -48.10%. Use the drawdown chart below to compare losses from any high point for FSHNX and FAHCX.
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Drawdown Indicators
| FSHNX | FAHCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.98% | -48.10% | +26.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -4.34% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -15.16% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -21.98% | -28.49% | +6.51% |
Current DrawdownCurrent decline from peak | -1.57% | -1.96% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -4.64% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.00% | -0.29% |
Volatility
FSHNX vs. FAHCX - Volatility Comparison
The current volatility for Fidelity Series High Income Fund (FSHNX) is 1.40%, while Fidelity Advisor High Income Advantage Fund Class I (FAHCX) has a volatility of 2.56%. 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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Volatility by Period
| FSHNX | FAHCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 2.56% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | 4.31% | -1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 6.74% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 6.31% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 7.61% | -1.78% |