- ISIN
- US3159208012
- Issuer
- Fidelity
- Inception Date
- Jul 3, 1995
- Category
- Total Bond Market
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FSRIX Performance Chart
Fidelity Advisor Strategic Income Fund Class I (FSRIX) is up 1.7% since the beginning of the year. FSRIX is currently trading at $12 per share. Investors who bought $1,000 worth of FSRIX shares 5 years ago would now be looking at an investment worth $1,139.
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Compare this symbol against anything
Returns By Period
Fidelity Advisor Strategic Income Fund Class I (FSRIX) has returned 1.74% so far this year and 5.46% over the past 12 months. Over the last ten years, FSRIX has returned 3.98% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Fidelity Advisor Strategic Income Fund Class I
- 1D
- 0.33%
- 1M
- -1.23%
- 6M
- 1.08%
- YTD
- 1.74%
- 1Y
- 5.46%
- 3Y*
- 7.06%
- 5Y*
- 2.64%
- 10Y*
- 3.98%
- ALL TIME*
- 2.13%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FSRIX Monthly Returns History
Based on dividend-adjusted daily data since Oct 31, 1994, FSRIX's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2009 with a return of +5.1%, while the worst month was Oct 2008 at -10.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.
On a daily basis, FSRIX closed higher 43% of trading days. The best single day was Apr 28, 1995 with a return of +3.1%, 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 | 0.65% | 1.18% | -1.72% | 2.15% | 0.84% | 0.39% | -1.71% | 1.74% | |||||
| 2025 | 1.11% | 0.81% | -1.03% | 0.32% | 1.03% | 2.04% | 0.67% | 1.09% | 1.24% | 0.98% | 0.07% | 0.32% | 8.97% |
| 2024 | 0.09% | 0.25% | 1.42% | -1.74% | 1.61% | 0.97% | 1.58% | 1.19% | 1.49% | -1.10% | 1.61% | -1.48% | 5.97% |
| 2023 | 3.47% | -1.82% | 1.52% | 0.70% | -0.90% | 0.88% | 0.99% | -0.37% | -1.82% | -1.19% | 4.30% | 3.62% | 9.51% |
| 2022 | -2.00% | -1.39% | -1.41% | -3.43% | -0.09% | -4.34% | 3.45% | -1.81% | -4.57% | 0.70% | 3.41% | -0.77% | -11.91% |
| 2021 | -0.23% | 0.13% | -0.25% | 1.18% | 0.37% | 1.07% | 0.68% | 0.52% | -0.65% | 0.28% | -0.42% | 0.79% | 3.50% |
Benchmark Metrics
Fidelity Advisor Strategic Income Fund Class I has an annualized alpha of 1.43%, beta of 0.07, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since October 31, 1994.
- This fund participated in 29.68% of S&P 500 Index downside but only 21.39% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.07 may look defensive, but with R2 of 0.12 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 0.12 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.43%
- Beta
- 0.07
- R²
- 0.12
- Upside Capture
- 21.39%
- Downside Capture
- 29.68%
Expense Ratio
FSRIX has an expense ratio of 0.71%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSRIX ranks 61 for risk / return — above 61% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class I (FSRIX) 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.
| FSRIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.00 | +0.19 |
| Martin ratioReturn relative to average drawdown | 8.52 | 8.49 | +0.03 |
Dividends
Dividend History
Fidelity Advisor Strategic Income Fund Class I provided a 4.00% 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 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.52 | $0.48 | $0.49 | $0.32 | $0.53 | $0.58 | $0.54 | $0.44 | $0.52 | $0.45 | $0.35 |
Dividend yield | 4.00% | 4.29% | 4.11% | 4.28% | 2.91% | 4.18% | 4.53% | 4.30% | 3.74% | 4.17% | 3.75% | 3.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Advisor Strategic Income Fund Class I. 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.23 | |||||
| 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 | $0.48 |
| 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 | $0.53 |
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 Income Fund Class I. 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 Income Fund Class I was 22.98%, occurring on Nov 21, 2008. Recovery took 213 trading sessions.
The current Fidelity Advisor Strategic Income Fund Class I drawdown is 1.71%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.98%Nov 2008 | 3y 11mo | 10mo 12d | 4y 9moDec 2004 - Sep 2009 | Financial crisis2007–2009 |
-17.01%Jul 2002 | 4y 9mo | 1y 5mo | 6y 3moOct 1997 - Jan 2004 | Dot-com crash2000–2002 |
-15.99%Oct 2022 | 11mo 15d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 | Bear market2022 |
-15.76%Mar 2020 | 28d | 4mo 8d | 5mo 6dFeb 2020 - Jul 2020 | COVID crash2020 |
-9.98%Jan 2016 | 5y 2mo | 6mo 22d | 5y 9moNov 2010 - Aug 2016 | — |
Drawdown Indicators
| FSRIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.98% | -56.78% | +33.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -9.10% | +6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.64% | -18.90% | +15.26% |
Max Drawdown (5Y)Largest decline over 5 years | -15.99% | -25.43% | +9.44% |
Max Drawdown (10Y)Largest decline over 10 years | -15.99% | -33.92% | +17.93% |
Current DrawdownCurrent decline from peak | -1.71% | -1.58% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -10.70% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.14% | -1.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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