PHYIX vs. FIQTX
Compare and contrast key facts about Putnam High Yield Fund (PHYIX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX).
PHYIX is managed by Putnam. It was launched on Mar 25, 1986. FIQTX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
PHYIX vs. FIQTX - Performance Comparison
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PHYIX vs. FIQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PHYIX Putnam High Yield Fund | -0.70% | 8.57% | 7.87% | 11.95% | -11.85% | 8.32% | 5.50% | 14.02% | -4.35% |
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, PHYIX achieves a -0.70% return, which is significantly lower than FIQTX's 0.47% return.
PHYIX
- 1D
- 0.57%
- 1M
- -1.67%
- YTD
- -0.70%
- 6M
- 0.64%
- 1Y
- 6.95%
- 3Y*
- 8.03%
- 5Y*
- 4.26%
- 10Y*
- 5.56%
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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PHYIX vs. FIQTX - Expense Ratio Comparison
PHYIX has a 1.01% expense ratio, which is higher than FIQTX's 0.64% expense ratio.
Return for Risk
PHYIX vs. FIQTX — Risk / Return Rank
PHYIX
FIQTX
PHYIX vs. FIQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam High Yield Fund (PHYIX) 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.
| PHYIX | FIQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 2.08 | -0.16 |
Sortino ratioReturn per unit of downside risk | 2.57 | 2.90 | -0.34 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.44 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.30 | -1.08 |
Martin ratioReturn relative to average drawdown | 10.02 | 14.47 | -4.45 |
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
| PHYIX | FIQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.08 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.92 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 0.83 | +0.42 |
Correlation
The correlation between PHYIX and FIQTX is 0.75, 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
PHYIX vs. FIQTX - Dividend Comparison
PHYIX's dividend yield for the trailing twelve months is around 5.65%, more than FIQTX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYIX Putnam High Yield Fund | 5.65% | 5.92% | 7.84% | 5.46% | 5.04% | 7.41% | 4.56% | 4.89% | 5.30% | 5.16% | 5.54% | 5.53% |
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
PHYIX vs. FIQTX - Drawdown Comparison
The maximum PHYIX drawdown since its inception was -31.29%, which is greater than FIQTX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for PHYIX and FIQTX.
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Drawdown Indicators
| PHYIX | FIQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.29% | -28.49% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.23% | -4.34% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.22% | -15.16% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -21.00% | — | — |
Current DrawdownCurrent decline from peak | -2.08% | -1.95% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -3.37% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.99% | -0.28% |
Volatility
PHYIX vs. FIQTX - Volatility Comparison
The current volatility for Putnam High Yield Fund (PHYIX) is 1.71%, while Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a volatility of 2.65%. This indicates that PHYIX 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
| PHYIX | FIQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 2.65% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 4.31% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 6.72% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 6.32% | -1.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 8.40% | -3.14% |