PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
SPHIX vs. AHITX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPHIX and AHITX is 0.73, 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.


-0.50.00.51.00.7

Performance

SPHIX vs. AHITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity High Income Fund (SPHIX) and American Funds American High-Income Trust (AHITX). The values are adjusted to include any dividend payments, if applicable.

840.00%860.00%880.00%900.00%920.00%940.00%960.00%JulyAugustSeptemberOctoberNovemberDecember
945.57%
890.67%
SPHIX
AHITX

Key characteristics

Sharpe Ratio

SPHIX:

2.64

AHITX:

2.79

Sortino Ratio

SPHIX:

3.94

AHITX:

4.42

Omega Ratio

SPHIX:

1.59

AHITX:

1.61

Calmar Ratio

SPHIX:

2.55

AHITX:

5.05

Martin Ratio

SPHIX:

18.01

AHITX:

19.08

Ulcer Index

SPHIX:

0.47%

AHITX:

0.50%

Daily Std Dev

SPHIX:

3.20%

AHITX:

3.41%

Max Drawdown

SPHIX:

-31.35%

AHITX:

-34.94%

Current Drawdown

SPHIX:

-1.63%

AHITX:

-1.41%

Returns By Period

The year-to-date returns for both stocks are quite close, with SPHIX having a 8.62% return and AHITX slightly lower at 8.39%. Over the past 10 years, SPHIX has underperformed AHITX with an annualized return of 4.18%, while AHITX has yielded a comparatively higher 4.97% annualized return.


SPHIX

YTD

8.62%

1M

-0.88%

6M

4.70%

1Y

8.76%

5Y*

2.51%

10Y*

4.18%

AHITX

YTD

8.39%

1M

-0.51%

6M

4.74%

1Y

9.38%

5Y*

5.18%

10Y*

4.97%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SPHIX vs. AHITX - Expense Ratio Comparison

SPHIX has a 0.70% expense ratio, which is higher than AHITX's 0.69% expense ratio.


SPHIX
Fidelity High Income Fund
Expense ratio chart for SPHIX: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for AHITX: current value at 0.69% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.69%

Risk-Adjusted Performance

SPHIX vs. AHITX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) and American Funds American High-Income Trust (AHITX). 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.


Sharpe ratio
The chart of Sharpe ratio for SPHIX, currently valued at 2.64, compared to the broader market-1.000.001.002.003.004.002.642.66
The chart of Sortino ratio for SPHIX, currently valued at 3.94, compared to the broader market-2.000.002.004.006.008.0010.003.944.22
The chart of Omega ratio for SPHIX, currently valued at 1.59, compared to the broader market0.501.001.502.002.503.003.501.591.58
The chart of Calmar ratio for SPHIX, currently valued at 2.55, compared to the broader market0.002.004.006.008.0010.0012.0014.002.554.81
The chart of Martin ratio for SPHIX, currently valued at 18.01, compared to the broader market0.0020.0040.0060.0018.0118.15
SPHIX
AHITX

The current SPHIX Sharpe Ratio is 2.64, which is comparable to the AHITX Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of SPHIX and AHITX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.503.003.504.004.505.00JulyAugustSeptemberOctoberNovemberDecember
2.64
2.66
SPHIX
AHITX

Dividends

SPHIX vs. AHITX - Dividend Comparison

SPHIX's dividend yield for the trailing twelve months is around 5.20%, less than AHITX's 5.74% yield.


TTM20232022202120202019201820172016201520142013
SPHIX
Fidelity High Income Fund
5.20%5.43%5.17%4.74%4.71%5.11%6.00%5.40%5.45%6.26%6.97%6.16%
AHITX
American Funds American High-Income Trust
5.74%6.43%5.52%4.28%5.81%6.19%6.31%5.47%5.60%6.95%6.37%6.27%

Drawdowns

SPHIX vs. AHITX - Drawdown Comparison

The maximum SPHIX drawdown since its inception was -31.35%, smaller than the maximum AHITX drawdown of -34.94%. Use the drawdown chart below to compare losses from any high point for SPHIX and AHITX. For additional features, visit the drawdowns tool.


-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.63%
-1.41%
SPHIX
AHITX

Volatility

SPHIX vs. AHITX - Volatility Comparison

Fidelity High Income Fund (SPHIX) has a higher volatility of 1.10% compared to American Funds American High-Income Trust (AHITX) at 0.93%. This indicates that SPHIX's price experiences larger fluctuations and is considered to be riskier than AHITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.60%0.80%1.00%1.20%1.40%JulyAugustSeptemberOctoberNovemberDecember
1.10%
0.93%
SPHIX
AHITX
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab