MGHYX vs. FIQTX
Compare and contrast key facts about DWS Global High Income Fund (MGHYX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX).
MGHYX is managed by DWS. It was launched on Mar 16, 1998. FIQTX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
MGHYX vs. FIQTX - Performance Comparison
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MGHYX vs. FIQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MGHYX DWS Global High Income Fund | -0.34% | 9.82% | 6.99% | 11.17% | -11.67% | 3.22% | 6.83% | 16.36% | -3.04% |
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, MGHYX achieves a -0.34% return, which is significantly lower than FIQTX's 0.47% return.
MGHYX
- 1D
- 0.49%
- 1M
- -1.08%
- YTD
- -0.34%
- 6M
- 1.21%
- 1Y
- 8.81%
- 3Y*
- 7.79%
- 5Y*
- 3.45%
- 10Y*
- 5.07%
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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MGHYX vs. FIQTX - Expense Ratio Comparison
MGHYX has a 0.60% expense ratio, which is lower than FIQTX's 0.64% expense ratio.
Return for Risk
MGHYX vs. FIQTX — Risk / Return Rank
MGHYX
FIQTX
MGHYX vs. FIQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Global High Income Fund (MGHYX) 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.
| MGHYX | FIQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 2.08 | +0.01 |
Sortino ratioReturn per unit of downside risk | 2.76 | 2.90 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.44 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 3.30 | -0.41 |
Martin ratioReturn relative to average drawdown | 11.90 | 14.47 | -2.57 |
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
| MGHYX | FIQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 2.08 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.92 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.83 | -0.81 |
Correlation
The correlation between MGHYX and FIQTX 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
MGHYX vs. FIQTX - Dividend Comparison
MGHYX's dividend yield for the trailing twelve months is around 7.33%, more than FIQTX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGHYX DWS Global High Income Fund | 7.33% | 7.17% | 5.58% | 4.35% | 5.81% | 4.20% | 5.81% | 5.63% | 6.96% | 3.76% |
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% |
Drawdowns
MGHYX vs. FIQTX - Drawdown Comparison
The maximum MGHYX drawdown since its inception was -53.47%, which is greater than FIQTX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for MGHYX and FIQTX.
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Drawdown Indicators
| MGHYX | FIQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.47% | -28.49% | -24.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -4.34% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.93% | -15.16% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -21.84% | — | — |
Current DrawdownCurrent decline from peak | -1.55% | -1.95% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -24.27% | -3.37% | -20.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.99% | -0.28% |
Volatility
MGHYX vs. FIQTX - Volatility Comparison
The current volatility for DWS Global High Income Fund (MGHYX) is 1.45%, while Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a volatility of 2.65%. This indicates that MGHYX 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
| MGHYX | FIQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 2.65% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 4.31% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 6.72% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 6.32% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.90% | 8.40% | -2.50% |