FSHNX vs. FQTIX
Compare and contrast key facts about Fidelity Series High Income Fund (FSHNX) and Franklin Templeton SMACS: Series I (FQTIX).
FSHNX is managed by Fidelity. It was launched on Mar 10, 2011. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
FSHNX vs. FQTIX - Performance Comparison
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FSHNX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | -0.85% | 11.17% | 8.75% | 11.25% | -11.52% | 6.05% | 4.57% | 6.95% |
FQTIX Franklin Templeton SMACS: Series I | 0.52% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, FSHNX achieves a -0.85% return, which is significantly lower than FQTIX's 0.52% return.
FSHNX
- 1D
- 0.00%
- 1M
- -2.13%
- YTD
- -0.85%
- 6M
- 1.07%
- 1Y
- 9.23%
- 3Y*
- 9.00%
- 5Y*
- 4.58%
- 10Y*
- 6.22%
FQTIX
- 1D
- 0.25%
- 1M
- -1.83%
- YTD
- 0.52%
- 6M
- 2.66%
- 1Y
- 9.72%
- 3Y*
- 7.86%
- 5Y*
- 3.61%
- 10Y*
- —
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FSHNX vs. FQTIX - Expense Ratio Comparison
FSHNX has a 0.00% expense ratio, which is lower than FQTIX's 0.00% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FSHNX vs. FQTIX — Risk / Return Rank
FSHNX
FQTIX
FSHNX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series High Income Fund (FSHNX) and Franklin Templeton SMACS: Series I (FQTIX). 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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.40 | 2.55 | -0.15 |
Sortino ratioReturn per unit of downside risk | 3.54 | 3.46 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.59 | 1.61 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.82 | 3.85 | -1.03 |
Martin ratioReturn relative to average drawdown | 13.13 | 17.15 | -4.02 |
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 | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.55 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.61 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.55 | +0.41 |
Correlation
The correlation between FSHNX and FQTIX is 0.74, 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. FQTIX - Dividend Comparison
FSHNX's dividend yield for the trailing twelve months is around 6.57%, less than FQTIX's 7.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSHNX Fidelity Series High Income Fund | 6.57% | 7.04% | 5.97% | 6.21% | 4.90% | 5.01% | 5.57% | 6.35% | 6.95% | 6.03% | 6.24% | 5.79% |
FQTIX Franklin Templeton SMACS: Series I | 7.03% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSHNX vs. FQTIX - Drawdown Comparison
The maximum FSHNX drawdown since its inception was -21.98%, smaller than the maximum FQTIX drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for FSHNX and FQTIX.
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Drawdown Indicators
| FSHNX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.98% | -24.62% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -2.41% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -18.81% | +3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -21.98% | — | — |
Current DrawdownCurrent decline from peak | -2.13% | -1.95% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -4.42% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.54% | +0.16% |
Volatility
FSHNX vs. FQTIX - Volatility Comparison
The current volatility for Fidelity Series High Income Fund (FSHNX) is 1.23%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.57%. This indicates that FSHNX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSHNX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.57% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 2.26% | 2.38% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 3.85% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 5.92% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.83% | 7.80% | -1.97% |