PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
FSHNX vs. VWEAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FSHNX and VWEAX is 0.83, 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.


-0.50.00.51.00.8

Performance

FSHNX vs. VWEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Series High Income Fund (FSHNX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
4.99%
3.06%
FSHNX
VWEAX

Key characteristics

Sharpe Ratio

FSHNX:

2.64

VWEAX:

1.89

Sortino Ratio

FSHNX:

3.99

VWEAX:

2.86

Omega Ratio

FSHNX:

1.59

VWEAX:

1.42

Calmar Ratio

FSHNX:

4.70

VWEAX:

3.25

Martin Ratio

FSHNX:

16.52

VWEAX:

9.95

Ulcer Index

FSHNX:

0.51%

VWEAX:

0.61%

Daily Std Dev

FSHNX:

3.14%

VWEAX:

3.20%

Max Drawdown

FSHNX:

-21.98%

VWEAX:

-30.03%

Current Drawdown

FSHNX:

-1.60%

VWEAX:

-1.29%

Returns By Period

In the year-to-date period, FSHNX achieves a 8.44% return, which is significantly higher than VWEAX's 5.31% return. Over the past 10 years, FSHNX has outperformed VWEAX with an annualized return of 4.94%, while VWEAX has yielded a comparatively lower 4.53% annualized return.


FSHNX

YTD

8.44%

1M

-1.15%

6M

4.98%

1Y

8.44%

5Y*

3.77%

10Y*

4.94%

VWEAX

YTD

5.31%

1M

-0.91%

6M

3.60%

1Y

5.84%

5Y*

3.30%

10Y*

4.53%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FSHNX vs. VWEAX - Expense Ratio Comparison

FSHNX has a 0.00% expense ratio, which is lower than VWEAX's 0.13% 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%.


VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares
Expense ratio chart for VWEAX: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%
Expense ratio chart for FSHNX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

FSHNX vs. VWEAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Series High Income Fund (FSHNX) and Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX). 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.


Sharpe ratio
The chart of Sharpe ratio for FSHNX, currently valued at 2.64, compared to the broader market-1.000.001.002.003.002.641.90
The chart of Sortino ratio for FSHNX, currently valued at 3.99, compared to the broader market-2.000.002.004.006.008.003.992.91
The chart of Omega ratio for FSHNX, currently valued at 1.59, compared to the broader market0.501.001.502.002.503.001.591.43
The chart of Calmar ratio for FSHNX, currently valued at 4.70, compared to the broader market0.002.004.006.008.0010.0012.004.703.17
The chart of Martin ratio for FSHNX, currently valued at 16.52, compared to the broader market0.0010.0020.0030.0040.0050.0060.0016.5210.31
FSHNX
VWEAX

The current FSHNX Sharpe Ratio is 2.64, which is higher than the VWEAX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of FSHNX and VWEAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.502.002.503.003.504.004.505.00JulyAugustSeptemberOctoberNovemberDecember
2.64
1.90
FSHNX
VWEAX

Dividends

FSHNX vs. VWEAX - Dividend Comparison

FSHNX's dividend yield for the trailing twelve months is around 5.65%, which matches VWEAX's 5.65% yield.


TTM20232022202120202019201820172016201520142013
FSHNX
Fidelity Series High Income Fund
5.65%6.20%6.34%5.39%5.58%6.32%6.96%6.04%5.61%7.04%9.19%5.24%
VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares
5.15%5.79%5.20%4.24%4.72%5.32%6.10%5.42%5.49%5.99%5.71%5.89%

Drawdowns

FSHNX vs. VWEAX - Drawdown Comparison

The maximum FSHNX drawdown since its inception was -21.98%, smaller than the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for FSHNX and VWEAX. For additional features, visit the drawdowns tool.


-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.60%
-1.29%
FSHNX
VWEAX

Volatility

FSHNX vs. VWEAX - Volatility Comparison

Fidelity Series High Income Fund (FSHNX) has a higher volatility of 0.83% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.65%. This indicates that FSHNX's price experiences larger fluctuations and is considered to be riskier than VWEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.60%0.80%1.00%1.20%JulyAugustSeptemberOctoberNovemberDecember
0.83%
0.65%
FSHNX
VWEAX
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab