TIHYX vs. FIQTX
Compare and contrast key facts about TIAA-CREF High Yield Fund (TIHYX) and Fidelity Advisor High Income Advantage Fund Class Z (FIQTX).
TIHYX is managed by TIAA Investments. It was launched on Mar 31, 2006. FIQTX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
TIHYX vs. FIQTX - Performance Comparison
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TIHYX vs. FIQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TIHYX TIAA-CREF High Yield Fund | -0.28% | 8.43% | 6.75% | 12.42% | -10.72% | 4.81% | 2.63% | 16.67% | -4.19% |
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, TIHYX achieves a -0.28% return, which is significantly lower than FIQTX's 0.98% return.
TIHYX
- 1D
- 0.34%
- 1M
- -1.01%
- YTD
- -0.28%
- 6M
- 1.36%
- 1Y
- 7.08%
- 3Y*
- 7.83%
- 5Y*
- 3.81%
- 10Y*
- 5.37%
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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TIHYX vs. FIQTX - Expense Ratio Comparison
TIHYX has a 0.36% expense ratio, which is lower than FIQTX's 0.64% expense ratio.
Return for Risk
TIHYX vs. FIQTX — Risk / Return Rank
TIHYX
FIQTX
TIHYX vs. FIQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF High Yield Fund (TIHYX) 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.
| TIHYX | FIQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 2.12 | -0.29 |
Sortino ratioReturn per unit of downside risk | 2.68 | 2.95 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 3.35 | -0.91 |
Martin ratioReturn relative to average drawdown | 10.65 | 14.64 | -3.98 |
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
| TIHYX | FIQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.12 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.94 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 0.84 | +0.22 |
Correlation
The correlation between TIHYX and FIQTX is 0.79, 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
TIHYX vs. FIQTX - Dividend Comparison
TIHYX's dividend yield for the trailing twelve months is around 6.06%, more than FIQTX's 4.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIHYX TIAA-CREF High Yield Fund | 6.06% | 6.54% | 5.35% | 5.55% | 4.63% | 4.68% | 5.44% | 5.95% | 5.53% | 5.24% | 5.74% | 4.77% |
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
TIHYX vs. FIQTX - Drawdown Comparison
The maximum TIHYX drawdown since its inception was -27.52%, roughly equal to the maximum FIQTX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for TIHYX and FIQTX.
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Drawdown Indicators
| TIHYX | FIQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.52% | -28.49% | +0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.36% | -3.12% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -15.35% | -15.16% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -1.45% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -2.59% | -3.37% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.99% | -0.26% |
Volatility
TIHYX vs. FIQTX - Volatility Comparison
The current volatility for TIAA-CREF High Yield Fund (TIHYX) is 1.47%, while Fidelity Advisor High Income Advantage Fund Class Z (FIQTX) has a volatility of 2.66%. This indicates that TIHYX 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
| TIHYX | FIQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 2.66% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 4.32% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 6.73% | -2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 6.32% | -1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.89% | 8.40% | -2.51% |