- ISIN
- US31635T7404
- CUSIP
- 31635T740
- Issuer
- Fidelity
- Inception Date
- Sep 7, 2005
- 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
FSRKX Performance Chart
Fidelity Strategic Real Return Fund Class K6 (FSRKX) is up 6.3% since the beginning of the year. FSRKX is currently trading at $9 per share. Investors who bought $1,000 worth of FSRKX shares 5 years ago would now be looking at an investment worth $1,339.
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Returns By Period
Fidelity Strategic Real Return Fund Class K6 (FSRKX) has returned 6.32% so far this year and 12.85% over the past 12 months.
Fidelity Strategic Real Return Fund Class K6
- 1D
- 0.43%
- 1M
- -2.08%
- YTD
- 6.32%
- 6M
- 5.96%
- 1Y
- 12.85%
- 3Y*
- 9.18%
- 5Y*
- 6.01%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.05%
- 1M
- -2.77%
- YTD
- 7.43%
- 6M
- 6.12%
- 1Y
- 19.13%
- 3Y*
- 18.87%
- 5Y*
- 11.43%
- 10Y*
- 13.70%
FSRKX Monthly Returns History
Based on dividend-adjusted daily data since Oct 11, 2019, FSRKX's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was Jul 2022 with a return of +4.4%, while the worst month was Mar 2020 at -11.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FSRKX 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 -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.48% | 2.82% | -0.32% | 2.36% | -0.10% | -1.98% | 6.32% | ||||||
| 2025 | 1.78% | 0.81% | 0.58% | -1.70% | 1.06% | 1.74% | 0.20% | 2.19% | 1.35% | 0.33% | 1.35% | 0.47% | 10.59% |
| 2024 | -0.60% | 0.12% | 2.40% | -0.45% | 2.25% | -0.23% | 1.24% | 0.81% | 1.73% | -0.85% | 1.39% | -1.87% | 6.00% |
| 2023 | 3.32% | -2.53% | -0.00% | 0.61% | -3.07% | 2.68% | 2.61% | -0.70% | -1.41% | -1.43% | 2.47% | 2.42% | 4.81% |
| 2022 | 0.00% | 1.07% | 3.49% | -1.24% | -0.42% | -6.67% | 4.40% | -0.76% | -6.42% | 2.98% | 2.96% | -1.85% | -3.13% |
| 2021 | 0.71% | 2.22% | 0.57% | 3.67% | 1.32% | 1.19% | 1.68% | 0.32% | -0.11% | 2.58% | -1.82% | 2.78% | 16.06% |
Benchmark Metrics
Fidelity Strategic Real Return Fund Class K6 has an annualized alpha of 2.87%, beta of 0.26, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since October 11, 2019.
- This fund participated in 42.18% of S&P 500 Index downside but only 35.55% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.26 may look defensive, but with R2 of 0.44 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 0.44 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
- 2.87%
- Beta
- 0.26
- R²
- 0.44
- Upside Capture
- 35.55%
- Downside Capture
- 42.18%
Expense Ratio
FSRKX has an expense ratio of 0.51%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSRKX ranks 90 for risk / return — in the top 90% 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 Real Return Fund Class K6 (FSRKX) 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.
| FSRKX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.29 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 2.18 | +1.75 |
| Martin ratioReturn relative to average drawdown | 17.94 | 9.54 | +8.39 |
Dividends
Dividend History
Fidelity Strategic Real Return Fund Class K6 provided a 4.35% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.43 | $0.42 | $0.45 | $0.62 | $0.51 | $0.20 | $0.10 |
Dividend yield | 4.35% | 4.83% | 4.98% | 5.38% | 7.38% | 5.43% | 2.31% | 1.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Strategic Real Return Fund Class K6. 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 | $0.10 | $0.00 | $0.00 | $0.14 | $0.00 | $0.13 | $0.43 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.14 | $0.42 |
| 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 Strategic Real Return Fund Class K6. 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 Real Return Fund Class K6 was 19.93%, occurring on Mar 23, 2020. Recovery took 165 trading sessions.
The current Fidelity Strategic Real Return Fund Class K6 drawdown is 2.99%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -19.93%Mar 2020 | 2mo 1d | 7mo 25d | 9mo 26dJan 2020 - Nov 2020 |
Bear market2022 | -12.74%Sep 2022 | 5mo 11d | 1y 9mo | 2y 2moApr 2022 - Jul 2024 |
2025 selloff2025 | -5.84%Apr 2025 | 5d | 2mo 4d | 2mo 9dApr 2025 - Jun 2025 |
2026 pullback2026 | -3.40%Jun 2026 | 1mo 11d | — | 1mo 15dMay 2026 - now |
2024 pullback2024 | -3.38%Dec 2024 | 18d | 1mo 5d | 1mo 23dDec 2024 - Jan 2025 |
Drawdown Indicators
| FSRKX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -56.78% | +36.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -9.10% | +5.70% |
Max Drawdown (3Y)Largest decline over 3 years | -5.84% | -18.90% | +13.06% |
Max Drawdown (5Y)Largest decline over 5 years | -12.74% | -25.43% | +12.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.99% | -3.36% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -3.20% | -10.71% | +7.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 2.07% | -1.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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