IHYAX vs. FIQTX
Compare and contrast key facts about Voya High Yield Bond Fund (IHYAX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX).
IHYAX is managed by Voya. It was launched on Dec 15, 1998. FIQTX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
IHYAX vs. FIQTX - Performance Comparison
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IHYAX vs. FIQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IHYAX Voya High Yield Bond Fund | -1.30% | 6.99% | 6.45% | 10.63% | -13.95% | 3.71% | 5.54% | 14.51% | -4.17% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 0.47% | 12.17% | 10.38% | 12.37% | -11.16% | 11.13% | 9.06% | 17.93% | -6.84% |
Returns By Period
In the year-to-date period, IHYAX achieves a -1.30% return, which is significantly lower than FIQTX's 0.47% return.
IHYAX
- 1D
- 0.73%
- 1M
- -1.57%
- YTD
- -1.30%
- 6M
- -0.30%
- 1Y
- 4.44%
- 3Y*
- 6.18%
- 5Y*
- 2.17%
- 10Y*
- 4.20%
FIQTX
- 1D
- 1.21%
- 1M
- -1.84%
- YTD
- 0.47%
- 6M
- 1.90%
- 1Y
- 13.62%
- 3Y*
- 10.49%
- 5Y*
- 5.80%
- 10Y*
- —
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IHYAX vs. FIQTX - Expense Ratio Comparison
IHYAX has a 1.04% expense ratio, which is higher than FIQTX's 0.64% expense ratio.
Return for Risk
IHYAX vs. FIQTX — Risk / Return Rank
IHYAX
FIQTX
IHYAX vs. FIQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya High Yield Bond Fund (IHYAX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX). 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.
| IHYAX | FIQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 2.08 | -0.82 |
Sortino ratioReturn per unit of downside risk | 1.73 | 2.90 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.44 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 3.30 | -2.05 |
Martin ratioReturn relative to average drawdown | 5.02 | 14.47 | -9.45 |
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
| IHYAX | FIQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 2.08 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.92 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.78 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.83 | +0.14 |
Correlation
The correlation between IHYAX and FIQTX is 0.76, 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
IHYAX vs. FIQTX - Dividend Comparison
IHYAX's dividend yield for the trailing twelve months is around 4.40%, which matches FIQTX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYAX Voya High Yield Bond Fund | 4.40% | 4.98% | 5.93% | 4.91% | 5.38% | 4.01% | 5.00% | 5.17% | 5.63% | 5.21% | 5.14% | 5.54% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 4.44% | 4.83% | 5.06% | 4.79% | 7.43% | 5.01% | 3.80% | 4.61% | 2.54% | 0.00% | 0.00% | 0.00% |
Drawdowns
IHYAX vs. FIQTX - Drawdown Comparison
The maximum IHYAX drawdown since its inception was -38.22%, which is greater than FIQTX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for IHYAX and FIQTX.
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Drawdown Indicators
| IHYAX | FIQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.22% | -28.49% | -9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -4.34% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | -15.16% | -1.98% |
Max Drawdown (10Y)Largest decline over 10 years | -20.25% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -1.95% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -3.37% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.99% | -0.23% |
Volatility
IHYAX vs. FIQTX - Volatility Comparison
The current volatility for Voya High Yield Bond Fund (IHYAX) is 1.62%, while Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a volatility of 2.65%. This indicates that IHYAX experiences smaller price fluctuations and is considered to be less risky than FIQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IHYAX | FIQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 2.65% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.42% | 4.31% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 6.72% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 6.32% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 8.40% | -2.94% |