- ISIN
- US31635T8725
- Issuer
- Fidelity
- Inception Date
- Oct 2, 2018
- Category
- Diversified Portfolio
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FIQDX Performance Chart
Fidelity Advisor Strategic Real Return Fund Class Z (FIQDX) is up 8.7% since the beginning of the year. FIQDX is currently trading at $10 per share. Investors who bought $1,000 worth of FIQDX shares 5 years ago would now be looking at an investment worth $1,359.
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Returns By Period
Fidelity Advisor Strategic Real Return Fund Class Z (FIQDX) has returned 8.72% so far this year and 16.43% over the past 12 months.
Fidelity Advisor Strategic Real Return Fund Class Z
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 8.72%
- 6M
- 8.98%
- 1Y
- 16.43%
- 3Y*
- 10.25%
- 5Y*
- 6.33%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
FIQDX Monthly Returns History
Based on dividend-adjusted daily data since Oct 4, 2018, FIQDX's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 66% of months were positive and 34% were negative. The best month was Jul 2022 with a return of +4.5%, while the worst month was Mar 2020 at -11.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FIQDX closed higher 50% of trading days. The best single day was Mar 26, 2020 with a return of +2.4%, while the worst single day was Mar 18, 2020 at -4.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.51% | 2.73% | -0.21% | 2.36% | -0.21% | 0.31% | 8.72% | ||||||
| 2025 | 1.79% | 0.82% | 0.58% | -1.75% | 1.06% | 1.64% | 0.27% | 2.09% | 1.36% | 0.31% | 1.36% | 0.46% | 10.40% |
| 2024 | -0.48% | 0.12% | 2.42% | -0.60% | 2.27% | -0.23% | 1.21% | 0.82% | 1.86% | -0.91% | 1.40% | -1.90% | 6.03% |
| 2023 | 3.22% | -2.54% | 0.00% | 0.62% | -2.97% | 2.57% | 2.51% | -0.59% | -1.42% | -1.56% | 2.61% | 2.28% | 4.55% |
| 2022 | -0.00% | 1.07% | 3.51% | -1.25% | -0.52% | -6.71% | 4.54% | -0.76% | -6.45% | 2.99% | 2.98% | -1.88% | -3.17% |
| 2021 | 0.71% | 2.22% | 0.57% | 3.66% | 1.32% | 1.09% | 1.79% | 0.21% | 0.00% | 2.48% | -1.83% | 2.79% | 15.96% |
Benchmark Metrics
Fidelity Advisor Strategic Real Return Fund Class Z has an annualized alpha of 3.19%, beta of 0.24, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since October 05, 2018.
- This fund participated in 39.47% of S&P 500 Index downside but only 35.00% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.24 may look defensive, but with R2 of 0.42 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 0.42 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
- 3.19%
- Beta
- 0.24
- R²
- 0.42
- Upside Capture
- 35.00%
- Downside Capture
- 39.47%
Expense Ratio
FIQDX has an expense ratio of 0.61%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FIQDX ranks 97 for risk / return — in the top 97% 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 Advisor Strategic Real Return Fund Class Z (FIQDX) and compare them to S&P 500 Index.
| FIQDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.36 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 8.56 | 2.69 | +5.87 |
| Martin ratioReturn relative to average drawdown | 31.63 | 12.34 | +19.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity Advisor Strategic Real Return Fund Class Z provided a 4.19% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.42 | $0.41 | $0.45 | $0.62 | $0.51 | $0.19 | $0.27 | $0.66 |
Dividend yield | 4.19% | 4.75% | 4.88% | 5.38% | 7.39% | 5.44% | 2.29% | 3.17% | 8.46% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Strategic Real Return Fund Class Z. 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 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.14 | $0.00 | $0.13 | $0.42 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.14 | $0.41 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.13 | $0.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.41 | $0.00 | $0.10 | $0.62 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.38 | $0.00 | $0.07 | $0.51 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Advisor Strategic Real Return Fund Class Z. 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 Advisor Strategic Real Return Fund Class Z was 19.98%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current Fidelity Advisor Strategic Real Return Fund Class Z drawdown is 0.83%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -19.98%Mar 2020 | 2mo 16d | 7mo 28d | 10mo 14dJan 2020 - Nov 2020 |
Bear market2022 | -12.79%Sep 2022 | 5mo 11d | 1y 10mo | 2y 4moApr 2022 - Aug 2024 |
2025 selloff2025 | -5.91%Apr 2025 | 5d | 2mo 4d | 2mo 9dApr 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -5.76%Dec 2018 | 2mo 15d | 2mo | 4mo 15dOct 2018 - Feb 2019 |
2024 pullback2024 | -3.42%Dec 2024 | 18d | 1mo 11d | 1mo 29dDec 2024 - Jan 2025 |
Drawdown Indicators
| FIQDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.98% | -56.78% | +36.80% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -9.10% | +7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -5.91% | -18.90% | +12.99% |
Max Drawdown (5Y)Largest decline over 5 years | -12.79% | -25.43% | +12.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.83% | -2.97% | +2.14% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -10.72% | +7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 1.97% | -1.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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