NMHYX vs. FIQTX
Compare and contrast key facts about Northern Multi-Manager High Yield Opportunity Fund (NMHYX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX).
NMHYX is managed by BlackRock. It was launched on Sep 23, 2009. FIQTX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
NMHYX vs. FIQTX - Performance Comparison
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NMHYX vs. FIQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NMHYX Northern Multi-Manager High Yield Opportunity Fund | -0.05% | 7.57% | 7.14% | 12.88% | -10.61% | 6.83% | 6.16% | 10.38% | -3.86% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 0.98% | 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, NMHYX achieves a -0.05% return, which is significantly lower than FIQTX's 0.98% return.
NMHYX
- 1D
- 0.36%
- 1M
- -0.41%
- YTD
- -0.05%
- 6M
- 0.81%
- 1Y
- 6.28%
- 3Y*
- 8.01%
- 5Y*
- 4.02%
- 10Y*
- 5.75%
FIQTX
- 1D
- 0.51%
- 1M
- -0.76%
- YTD
- 0.98%
- 6M
- 2.25%
- 1Y
- 13.78%
- 3Y*
- 10.68%
- 5Y*
- 5.90%
- 10Y*
- —
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NMHYX vs. FIQTX - Expense Ratio Comparison
NMHYX has a 0.87% expense ratio, which is higher than FIQTX's 0.64% expense ratio.
Return for Risk
NMHYX vs. FIQTX — Risk / Return Rank
NMHYX
FIQTX
NMHYX vs. FIQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Multi-Manager High Yield Opportunity Fund (NMHYX) 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.
| NMHYX | FIQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 2.12 | -0.32 |
Sortino ratioReturn per unit of downside risk | 2.57 | 2.95 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.45 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.35 | -1.44 |
Martin ratioReturn relative to average drawdown | 8.96 | 14.64 | -5.68 |
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
| NMHYX | FIQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 2.12 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.94 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.84 | +0.44 |
Correlation
The correlation between NMHYX 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
NMHYX vs. FIQTX - Dividend Comparison
NMHYX's dividend yield for the trailing twelve months is around 7.53%, more than FIQTX's 4.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMHYX Northern Multi-Manager High Yield Opportunity Fund | 7.53% | 7.33% | 7.42% | 7.29% | 5.32% | 5.22% | 6.68% | 6.78% | 5.53% | 7.18% | 5.55% | 6.24% |
FIQTX Fidelity Advisor High Income Advantage Fund Class Z | 4.42% | 4.83% | 5.06% | 4.79% | 7.43% | 5.01% | 3.80% | 4.61% | 2.54% | 0.00% | 0.00% | 0.00% |
Drawdowns
NMHYX vs. FIQTX - Drawdown Comparison
The maximum NMHYX drawdown since its inception was -21.19%, smaller than the maximum FIQTX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for NMHYX and FIQTX.
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Drawdown Indicators
| NMHYX | FIQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.19% | -28.49% | +7.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.29% | -3.12% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -14.06% | -15.16% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -21.19% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -1.45% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -3.37% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.99% | -0.30% |
Volatility
NMHYX vs. FIQTX - Volatility Comparison
The current volatility for Northern Multi-Manager High Yield Opportunity Fund (NMHYX) is 1.38%, while Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a volatility of 2.66%. This indicates that NMHYX 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
| NMHYX | FIQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 2.66% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 4.32% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 6.73% | -3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.43% | 6.32% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 8.40% | -3.56% |