- ISIN
- US31635T8311
- 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
- Blend
Share Price Chart
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Performance
FIQWX Performance Chart
Fidelity Advisor Strategic Dividend & Income Fund Class Z (FIQWX) is up 12.9% since the beginning of the year. FIQWX is currently trading at $20 per share. Investors who bought $1,000 worth of FIQWX shares 5 years ago would now be looking at an investment worth $1,476.
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Returns By Period
Fidelity Advisor Strategic Dividend & Income Fund Class Z (FIQWX) has returned 12.87% so far this year and 23.68% over the past 12 months.
Fidelity Advisor Strategic Dividend & Income Fund Class Z
- 1D
- 0.36%
- 1M
- 0.36%
- YTD
- 12.87%
- 6M
- 12.49%
- 1Y
- 23.68%
- 3Y*
- 13.27%
- 5Y*
- 8.10%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FIQWX Monthly Returns History
Based on dividend-adjusted daily data since Oct 5, 2018, FIQWX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +9.8%, while the worst month was Mar 2020 at -11.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FIQWX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +7.0%, while the worst single day was Mar 16, 2020 at -9.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.94% | 5.44% | -4.27% | 5.40% | 1.61% | 0.46% | 12.87% | ||||||
| 2025 | 2.57% | 1.16% | -2.24% | -1.44% | 2.58% | 2.28% | 1.29% | 2.22% | 1.84% | 0.73% | 1.42% | 0.09% | 13.09% |
| 2024 | 0.25% | 2.21% | 3.02% | -3.61% | 3.37% | 0.24% | 3.28% | 3.11% | 2.16% | -1.63% | 4.39% | -8.52% | 7.76% |
| 2023 | 4.77% | -2.37% | -0.06% | 0.84% | -2.68% | 4.12% | 2.07% | -1.67% | -3.40% | -2.69% | 6.42% | 4.50% | 9.60% |
| 2022 | -3.33% | -1.40% | 2.49% | -4.27% | -0.55% | -5.49% | 5.17% | -2.90% | -7.18% | 5.97% | 5.40% | -3.06% | -9.79% |
| 2021 | -0.19% | 2.17% | 3.34% | 3.63% | 1.08% | 0.96% | 1.61% | 1.66% | -3.37% | 4.19% | -2.71% | 5.64% | 19.14% |
Benchmark Metrics
Fidelity Advisor Strategic Dividend & Income Fund Class Z has an annualized alpha of 1.19%, beta of 0.64, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since October 05, 2018.
- This fund participated in 73.13% of S&P 500 Index downside but only 65.93% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.64 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.19%
- Beta
- 0.64
- R²
- 0.86
- Upside Capture
- 65.93%
- Downside Capture
- 73.13%
Expense Ratio
FIQWX has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FIQWX ranks 89 for risk / return — in the top 89% 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 Dividend & Income Fund Class Z (FIQWX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FIQWX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.37 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 2.78 | +1.33 |
| Martin ratioReturn relative to average drawdown | 17.23 | 12.44 | +4.79 |
Dividends
Dividend History
Fidelity Advisor Strategic Dividend & Income Fund Class Z provided a 7.18% dividend yield over the last twelve months, with an annual payout of $1.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.41 | $1.41 | $0.30 | $0.92 | $0.67 | $1.51 | $0.94 | $1.05 | $0.92 |
Dividend yield | 7.18% | 8.05% | 1.79% | 5.83% | 4.35% | 8.55% | 5.79% | 6.81% | 6.85% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Strategic Dividend & Income 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 | $0.08 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $1.09 | $1.41 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.30 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.64 | $0.92 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.41 | $0.67 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $1.27 | $1.51 |
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 Dividend & Income 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 Dividend & Income Fund Class Z was 30.01%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current Fidelity Advisor Strategic Dividend & Income Fund Class Z drawdown is 0.76%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -30.01%Mar 2020 | 1mo 4d | 5mo 13d | 6mo 17dFeb 2020 - Sep 2020 |
Bear market2022 | -17.02%Oct 2022 | 9mo 10d | 1y 4mo | 2y 1moJan 2022 - Feb 2024 |
2025 selloff2025 | -15.51%Apr 2025 | 4mo 7d | 5mo 6d | 9mo 13dDec 2024 - Sep 2025 |
Rate-hike selloffLate 2018 | -11.13%Dec 2018 | 2mo 16d | 1mo 22d | 4mo 8dOct 2018 - Feb 2019 |
2020 pullback2020 | -6.23%Sep 2020 | 20d | 19d | 1mo 9dSep 2020 - Oct 2020 |
Drawdown Indicators
| FIQWX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.01% | -56.78% | +26.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -9.10% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -15.51% | -18.90% | +3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.02% | -25.43% | +8.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.76% | -1.80% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -10.71% | +6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 2.03% | -0.65% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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