FSTAX vs. FAHDX
Compare and contrast key facts about Fidelity Advisor Strategic Income Fund Class A (FSTAX) and Fidelity Advisor High Income Advantage Fund Class A (FAHDX).
FSTAX is managed by Fidelity. It was launched on Sep 3, 1996. FAHDX is managed by Fidelity. It was launched on Jan 5, 1987.
Performance
FSTAX vs. FAHDX - Performance Comparison
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FSTAX vs. FAHDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSTAX Fidelity Advisor Strategic Income Fund Class A | -0.88% | 8.68% | 4.93% | 8.82% | -11.98% | 3.22% | 7.21% | 10.74% | -2.94% | 7.63% |
FAHDX Fidelity Advisor High Income Advantage Fund Class A | -0.85% | 11.79% | 9.26% | 12.00% | -11.37% | 10.78% | 8.72% | 17.39% | -5.44% | 11.40% |
Returns By Period
The year-to-date returns for both investments are quite close, with FSTAX having a -0.88% return and FAHDX slightly higher at -0.85%. Over the past 10 years, FSTAX has underperformed FAHDX with an annualized return of 3.84%, while FAHDX has yielded a comparatively higher 7.18% annualized return.
FSTAX
- 1D
- 0.00%
- 1M
- -2.65%
- YTD
- -0.88%
- 6M
- 0.34%
- 1Y
- 6.86%
- 3Y*
- 6.09%
- 5Y*
- 2.33%
- 10Y*
- 3.84%
FAHDX
- 1D
- -0.48%
- 1M
- -2.81%
- YTD
- -0.85%
- 6M
- 0.69%
- 1Y
- 12.27%
- 3Y*
- 9.40%
- 5Y*
- 5.15%
- 10Y*
- 7.18%
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FSTAX vs. FAHDX - Expense Ratio Comparison
FSTAX has a 0.97% expense ratio, which is lower than FAHDX's 0.99% expense ratio.
Return for Risk
FSTAX vs. FAHDX — Risk / Return Rank
FSTAX
FAHDX
FSTAX vs. FAHDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class A (FSTAX) and Fidelity Advisor High Income Advantage Fund Class A (FAHDX). 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.
| FSTAX | FAHDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.03 | 1.91 | +0.12 |
Sortino ratioReturn per unit of downside risk | 2.82 | 2.62 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 2.73 | -0.02 |
Martin ratioReturn relative to average drawdown | 10.69 | 11.81 | -1.12 |
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
| FSTAX | FAHDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.91 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.83 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.95 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.87 | -0.39 |
Correlation
The correlation between FSTAX and FAHDX is 0.54, 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.
Dividends
FSTAX vs. FAHDX - Dividend Comparison
FSTAX's dividend yield for the trailing twelve months is around 3.80%, less than FAHDX's 4.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSTAX Fidelity Advisor Strategic Income Fund Class A | 3.80% | 4.05% | 3.21% | 3.70% | 2.70% | 4.01% | 4.32% | 4.06% | 3.50% | 3.70% | 3.49% | 2.89% |
FAHDX Fidelity Advisor High Income Advantage Fund Class A | 4.15% | 4.45% | 3.95% | 4.47% | 6.87% | 4.56% | 3.47% | 4.26% | 5.72% | 4.66% | 5.28% | 4.20% |
Drawdowns
FSTAX vs. FAHDX - Drawdown Comparison
The maximum FSTAX drawdown since its inception was -23.29%, smaller than the maximum FAHDX drawdown of -48.43%. Use the drawdown chart below to compare losses from any high point for FSTAX and FAHDX.
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Drawdown Indicators
| FSTAX | FAHDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.29% | -48.43% | +25.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -4.30% | +1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -15.29% | -0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -16.18% | -28.43% | +12.25% |
Current DrawdownCurrent decline from peak | -2.65% | -3.15% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -5.23% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.99% | -0.32% |
Volatility
FSTAX vs. FAHDX - Volatility Comparison
The current volatility for Fidelity Advisor Strategic Income Fund Class A (FSTAX) is 1.53%, while Fidelity Advisor High Income Advantage Fund Class A (FAHDX) has a volatility of 2.23%. This indicates that FSTAX experiences smaller price fluctuations and is considered to be less risky than FAHDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSTAX | FAHDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 2.23% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 4.10% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 6.59% | -3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 6.27% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 7.61% | -3.21% |