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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSHNX or FAHCX.
Correlation
The correlation between FSHNX and FAHCX 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.
Performance
FSHNX vs. FAHCX - Performance Comparison
Key characteristics
FSHNX:
2.74
FAHCX:
2.20
FSHNX:
4.17
FAHCX:
3.20
FSHNX:
1.62
FAHCX:
1.44
FSHNX:
4.84
FAHCX:
1.86
FSHNX:
16.67
FAHCX:
13.01
FSHNX:
0.52%
FAHCX:
0.79%
FSHNX:
3.15%
FAHCX:
4.69%
FSHNX:
-21.98%
FAHCX:
-48.54%
FSHNX:
-1.71%
FAHCX:
-2.48%
Returns By Period
In the year-to-date period, FSHNX achieves a 8.31% return, which is significantly lower than FAHCX's 9.78% return. Over the past 10 years, FSHNX has underperformed FAHCX with an annualized return of 4.89%, while FAHCX has yielded a comparatively higher 5.72% annualized return.
FSHNX
8.31%
-1.38%
4.56%
8.31%
3.65%
4.89%
FAHCX
9.78%
-2.04%
3.72%
9.78%
4.83%
5.72%
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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 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.
Dividends
FSHNX vs. FAHCX - Dividend Comparison
FSHNX's dividend yield for the trailing twelve months is around 5.12%, more than FAHCX's 3.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | 5.12% | 6.20% | 6.34% | 5.39% | 5.58% | 6.32% | 6.96% | 6.04% | 5.61% | 7.04% | 9.19% |
FAHCX Fidelity Advisor High Income Advantage Fund Class I | 3.84% | 5.12% | 4.73% | 3.23% | 3.71% | 4.45% | 6.08% | 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.
Volatility
FSHNX vs. FAHCX - Volatility Comparison
The current volatility for Fidelity Series High Income Fund (FSHNX) is 0.83%, while Fidelity Advisor High Income Advantage Fund Class I (FAHCX) has a volatility of 1.53%. 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.