Share Price Chart
Loading graphics...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Strategic Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Loading graphics...
Returns By Period
Fidelity Strategic Income Fund (FADMX) has returned -0.89% so far this year and 7.18% over the past 12 months.
Fidelity Strategic Income Fund
- 1D
- 0.00%
- 1M
- -2.62%
- YTD
- -0.89%
- 6M
- 0.47%
- 1Y
- 7.18%
- 3Y*
- 6.77%
- 5Y*
- 2.82%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Apr 30, 2018, FADMX's average daily return is +0.01%, while the average monthly return is +0.32%. At this rate, your investment would double in approximately 18.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +4.3%, while the worst month was Mar 2020 at -8.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FADMX closed higher 46% of trading days. The best single day was Mar 26, 2020 with a return of +2.3%, while the worst single day was Mar 18, 2020 at -3.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.66% | 1.11% | -2.62% | -0.89% | |||||||||
| 2025 | 1.11% | 0.81% | -1.11% | 0.41% | 1.04% | 2.04% | 0.67% | 1.01% | 1.33% | 0.98% | 0.07% | 0.32% | 9.01% |
| 2024 | 0.10% | 0.16% | 1.43% | -1.66% | 1.61% | 0.89% | 1.67% | 1.19% | 1.49% | -1.09% | 1.62% | -1.42% | 6.07% |
| 2023 | 3.39% | -1.73% | 1.52% | 0.70% | -0.90% | 0.88% | 0.99% | -0.37% | -1.82% | -1.19% | 4.31% | 3.62% | 9.55% |
| 2022 | -1.92% | -1.47% | -1.33% | -3.43% | -0.09% | -4.34% | 3.45% | -1.81% | -4.57% | 0.70% | 3.41% | -0.77% | -11.84% |
| 2021 | -0.31% | 0.21% | -0.24% | 1.18% | 0.38% | 1.07% | 0.68% | 0.52% | -0.64% | 0.29% | -0.49% | 0.80% | 3.46% |
Benchmark Metrics
Fidelity Strategic Income Fund has an annualized alpha of 1.93%, beta of 0.14, and R² of 0.33 versus S&P 500 Index. Calculated based on daily prices since May 01, 2018.
- This fund participated in 35.07% of S&P 500 Index downside but only 25.99% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R² of 0.33 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R² of 0.33 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.93%
- Beta
- 0.14
- R²
- 0.33
- Upside Capture
- 25.99%
- Downside Capture
- 35.07%
Expense Ratio
FADMX has an expense ratio of 0.66%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FADMX ranks 93 for risk / return — in the top 93% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and compare them to a chosen benchmark (S&P 500 Index).
| FADMX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.14 | 0.90 | +1.25 |
Sortino ratioReturn per unit of downside risk | 2.98 | 1.39 | +1.59 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.21 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 1.40 | +1.49 |
Martin ratioReturn relative to average drawdown | 11.44 | 6.61 | +4.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore FADMX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Fidelity Strategic Income Fund provided a 4.06% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.52 | $0.49 | $0.49 | $0.32 | $0.54 | $0.49 | $0.54 | $0.32 |
Dividend yield | 4.06% | 4.33% | 4.21% | 4.31% | 2.91% | 4.23% | 3.82% | 4.34% | 2.74% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Strategic Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.03 | $0.00 | $0.07 | |||||||||
| 2025 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.52 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.49 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.07 | $0.49 |
| 2022 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.04 | $0.04 | $0.07 | $0.32 |
| 2021 | $0.00 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.25 | $0.54 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading graphics...
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Strategic Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Strategic Income Fund was 15.98%, occurring on Oct 21, 2022. Recovery took 444 trading sessions.
The current Fidelity Strategic Income Fund drawdown is 2.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.98% | Nov 10, 2021 | 239 | Oct 21, 2022 | 444 | Jul 31, 2024 | 683 |
| -15.84% | Feb 24, 2020 | 21 | Mar 23, 2020 | 91 | Jul 31, 2020 | 112 |
| -3.45% | Oct 3, 2018 | 57 | Dec 24, 2018 | 25 | Jan 31, 2019 | 82 |
| -2.91% | Mar 3, 2025 | 27 | Apr 8, 2025 | 27 | May 16, 2025 | 54 |
| -2.62% | Mar 2, 2026 | 20 | Mar 27, 2026 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...