MIFIX vs. FIKOX
Compare and contrast key facts about Miller Intermediate Bond Fund (MIFIX) and Fidelity Advisor Corporate Bond Fund Class Z (FIKOX).
MIFIX is managed by Miller Investment. It was launched on Dec 31, 2014. FIKOX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
MIFIX vs. FIKOX - Performance Comparison
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MIFIX vs. FIKOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MIFIX Miller Intermediate Bond Fund | -0.16% | 7.11% | 7.31% | 6.88% | -7.72% | 4.32% | 14.22% | 9.79% | -3.39% |
FIKOX Fidelity Advisor Corporate Bond Fund Class Z | -0.81% | 7.96% | 2.83% | 8.64% | -17.06% | -1.60% | 10.91% | 14.58% | 0.53% |
Returns By Period
In the year-to-date period, MIFIX achieves a -0.16% return, which is significantly higher than FIKOX's -0.81% return.
MIFIX
- 1D
- 0.49%
- 1M
- -1.51%
- YTD
- -0.16%
- 6M
- 1.36%
- 1Y
- 5.82%
- 3Y*
- 6.53%
- 5Y*
- 2.78%
- 10Y*
- 4.95%
FIKOX
- 1D
- 0.38%
- 1M
- -1.94%
- YTD
- -0.81%
- 6M
- -0.28%
- 1Y
- 4.17%
- 3Y*
- 4.89%
- 5Y*
- 0.44%
- 10Y*
- —
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MIFIX vs. FIKOX - Expense Ratio Comparison
MIFIX has a 0.99% expense ratio, which is higher than FIKOX's 0.36% expense ratio.
Return for Risk
MIFIX vs. FIKOX — Risk / Return Rank
MIFIX
FIKOX
MIFIX vs. FIKOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Miller Intermediate Bond Fund (MIFIX) and Fidelity Advisor Corporate Bond Fund Class Z (FIKOX). 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.
| MIFIX | FIKOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 0.94 | +0.85 |
Sortino ratioReturn per unit of downside risk | 2.65 | 1.33 | +1.31 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.53 | +0.58 |
Martin ratioReturn relative to average drawdown | 7.86 | 4.99 | +2.87 |
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
| MIFIX | FIKOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 0.94 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.07 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.46 | +0.45 |
Correlation
The correlation between MIFIX and FIKOX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MIFIX vs. FIKOX - Dividend Comparison
MIFIX's dividend yield for the trailing twelve months is around 4.18%, more than FIKOX's 3.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIFIX Miller Intermediate Bond Fund | 4.18% | 4.59% | 4.08% | 3.60% | 3.62% | 5.87% | 5.16% | 2.36% | 5.16% | 3.90% | 1.48% | 1.78% |
FIKOX Fidelity Advisor Corporate Bond Fund Class Z | 3.92% | 4.20% | 4.05% | 3.51% | 2.62% | 2.90% | 3.47% | 3.37% | 0.98% | 0.00% | 0.00% | 0.00% |
Drawdowns
MIFIX vs. FIKOX - Drawdown Comparison
The maximum MIFIX drawdown since its inception was -15.58%, smaller than the maximum FIKOX drawdown of -23.22%. Use the drawdown chart below to compare losses from any high point for MIFIX and FIKOX.
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Drawdown Indicators
| MIFIX | FIKOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -23.22% | +7.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -3.31% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -11.87% | -23.22% | +11.35% |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | — | — |
Current DrawdownCurrent decline from peak | -2.21% | -2.39% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -6.77% | +4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 1.01% | -0.29% |
Volatility
MIFIX vs. FIKOX - Volatility Comparison
The current volatility for Miller Intermediate Bond Fund (MIFIX) is 0.95%, while Fidelity Advisor Corporate Bond Fund Class Z (FIKOX) has a volatility of 1.78%. This indicates that MIFIX experiences smaller price fluctuations and is considered to be less risky than FIKOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MIFIX | FIKOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.95% | 1.78% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 2.80% | -0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 4.81% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.10% | 6.69% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.41% | 6.57% | -1.16% |