SPHIX vs. FAHDX
Compare and contrast key facts about Fidelity High Income Fund (SPHIX) and Fidelity Advisor High Income Advantage Fund Class A (FAHDX).
SPHIX is managed by Fidelity. It was launched on Aug 29, 1990. FAHDX is managed by Fidelity. It was launched on Jan 5, 1987.
Performance
SPHIX vs. FAHDX - Performance Comparison
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SPHIX vs. FAHDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPHIX Fidelity High Income Fund | -0.85% | 9.85% | 9.57% | 10.99% | -13.08% | 3.55% | 2.47% | 14.27% | -2.39% | 8.60% |
FAHDX Fidelity Advisor High Income Advantage Fund Class A | -0.85% | 11.79% | 9.26% | 12.00% | -11.37% | 10.78% | 8.72% | 17.39% | -5.44% | 11.40% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SPHIX at -0.85% and FAHDX at -0.85%. Over the past 10 years, SPHIX has underperformed FAHDX with an annualized return of 5.26%, while FAHDX has yielded a comparatively higher 7.18% annualized return.
SPHIX
- 1D
- 0.00%
- 1M
- -2.33%
- YTD
- -0.85%
- 6M
- 0.57%
- 1Y
- 8.03%
- 3Y*
- 8.81%
- 5Y*
- 3.72%
- 10Y*
- 5.26%
FAHDX
- 1D
- -0.48%
- 1M
- -2.81%
- YTD
- -0.85%
- 6M
- 0.69%
- 1Y
- 12.27%
- 3Y*
- 9.40%
- 5Y*
- 5.15%
- 10Y*
- 7.18%
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SPHIX vs. FAHDX - Expense Ratio Comparison
SPHIX has a 0.70% expense ratio, which is lower than FAHDX's 0.99% expense ratio.
Return for Risk
SPHIX vs. FAHDX — Risk / Return Rank
SPHIX
FAHDX
SPHIX vs. FAHDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) and Fidelity Advisor High Income Advantage Fund Class A (FAHDX). 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.
| SPHIX | FAHDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 1.91 | +0.21 |
Sortino ratioReturn per unit of downside risk | 2.97 | 2.62 | +0.34 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.40 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.73 | -0.30 |
Martin ratioReturn relative to average drawdown | 10.66 | 11.81 | -1.15 |
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
| SPHIX | FAHDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.91 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.83 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.95 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 0.87 | +0.57 |
Correlation
The correlation between SPHIX and FAHDX is 0.76, 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
SPHIX vs. FAHDX - Dividend Comparison
SPHIX's dividend yield for the trailing twelve months is around 6.01%, more than FAHDX's 4.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPHIX Fidelity High Income Fund | 6.01% | 6.43% | 6.10% | 5.41% | 3.91% | 4.07% | 4.71% | 5.10% | 6.02% | 5.40% | 6.07% | 5.59% |
FAHDX Fidelity Advisor High Income Advantage Fund Class A | 4.15% | 4.45% | 3.95% | 4.47% | 6.87% | 4.56% | 3.47% | 4.26% | 5.72% | 4.66% | 5.28% | 4.20% |
Drawdowns
SPHIX vs. FAHDX - Drawdown Comparison
The maximum SPHIX drawdown since its inception was -31.36%, smaller than the maximum FAHDX drawdown of -48.43%. Use the drawdown chart below to compare losses from any high point for SPHIX and FAHDX.
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Drawdown Indicators
| SPHIX | FAHDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.36% | -48.43% | +17.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -4.30% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -15.29% | -1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -22.44% | -28.43% | +5.99% |
Current DrawdownCurrent decline from peak | -2.33% | -3.15% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -5.23% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.99% | -0.24% |
Volatility
SPHIX vs. FAHDX - Volatility Comparison
The current volatility for Fidelity High Income Fund (SPHIX) is 1.33%, while Fidelity Advisor High Income Advantage Fund Class A (FAHDX) has a volatility of 2.23%. This indicates that SPHIX experiences smaller price fluctuations and is considered to be less risky than FAHDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHIX | FAHDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 2.23% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 4.10% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 6.59% | -2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 6.27% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 7.61% | -1.82% |