SPHIX vs. FIWDX
Compare and contrast key facts about Fidelity High Income Fund (SPHIX) and Fidelity Advisor Strategic Income Fund Class Z (FIWDX).
SPHIX is managed by Fidelity. It was launched on Aug 29, 1990. FIWDX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
SPHIX vs. FIWDX - Performance Comparison
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SPHIX vs. FIWDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPHIX Fidelity High Income Fund | -0.85% | 9.85% | 9.57% | 10.99% | -13.08% | 3.55% | 2.47% | 14.27% | -4.53% |
FIWDX Fidelity Advisor Strategic Income Fund Class Z | -0.80% | 8.98% | 6.07% | 9.20% | -11.76% | 3.51% | 7.60% | 11.20% | -1.63% |
Returns By Period
In the year-to-date period, SPHIX achieves a -0.85% return, which is significantly lower than FIWDX's -0.80% 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%
FIWDX
- 1D
- 0.00%
- 1M
- -2.61%
- YTD
- -0.80%
- 6M
- 0.50%
- 1Y
- 7.24%
- 3Y*
- 6.67%
- 5Y*
- 2.79%
- 10Y*
- —
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SPHIX vs. FIWDX - Expense Ratio Comparison
SPHIX has a 0.70% expense ratio, which is higher than FIWDX's 0.61% expense ratio.
Return for Risk
SPHIX vs. FIWDX — Risk / Return Rank
SPHIX
FIWDX
SPHIX vs. FIWDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Income Fund (SPHIX) and Fidelity Advisor Strategic Income Fund Class Z (FIWDX). 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 | FIWDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 2.18 | -0.06 |
Sortino ratioReturn per unit of downside risk | 2.97 | 3.05 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.44 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.91 | -0.48 |
Martin ratioReturn relative to average drawdown | 10.66 | 11.43 | -0.77 |
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 | FIWDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.18 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.63 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 0.84 | +0.60 |
Correlation
The correlation between SPHIX and FIWDX 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. FIWDX - Dividend Comparison
SPHIX's dividend yield for the trailing twelve months is around 6.01%, more than FIWDX's 4.12% 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% |
FIWDX Fidelity Advisor Strategic Income Fund Class Z | 4.12% | 4.39% | 4.21% | 4.02% | 2.99% | 4.28% | 4.62% | 4.39% | 1.13% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPHIX vs. FIWDX - Drawdown Comparison
The maximum SPHIX drawdown since its inception was -31.36%, which is greater than FIWDX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for SPHIX and FIWDX.
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Drawdown Indicators
| SPHIX | FIWDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.36% | -15.96% | -15.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -2.61% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -15.96% | -0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -22.44% | — | — |
Current DrawdownCurrent decline from peak | -2.33% | -2.61% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -3.27% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.67% | +0.08% |
Volatility
SPHIX vs. FIWDX - Volatility Comparison
The current volatility for Fidelity High Income Fund (SPHIX) is 1.33%, while Fidelity Advisor Strategic Income Fund Class Z (FIWDX) has a volatility of 1.49%. This indicates that SPHIX experiences smaller price fluctuations and is considered to be less risky than FIWDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPHIX | FIWDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.49% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 2.29% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 3.51% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 4.45% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 4.87% | +0.92% |