Fidelity Strategic Real Return Fund (FSRRX)

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Fidelity Strategic Real Return Fund (FSRRX) is up 8.6% since the beginning of the year. FSRRX is currently trading at $10 per share. Investors who bought $1,000 worth of FSRRX shares 5 years ago would now be looking at an investment worth $1,353.

Fidelity Strategic Real Return Fund (FSRRX) has returned 8.58% so far this year and 16.21% over the past 12 months. Over the last ten years, FSRRX has returned 5.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.33% annually.

Based on dividend-adjusted daily data since Sep 9, 2005, FSRRX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +6.1%, while the worst month was Oct 2008 at -16.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FSRRX closed higher 47% of trading days. The best single day was Mar 26, 2020 with a return of +2.6%, while the worst single day was Mar 18, 2020 at -4.8%.

Fidelity Strategic Real Return Fund has an annualized alpha of 1.76%, beta of 0.23, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since September 12, 2005.

• This fund participated in 40.14% of S&P 500 Index downside but only 34.20% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.23 may look defensive, but with R2 of 0.43 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 0.43 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

FSRRX has an expense ratio of 0.70%, placing it in the medium range.

FSRRX ranks 96 for risk / return — in the top 96% 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.

The table below present risk-adjusted performance metrics for Fidelity Strategic Real Return Fund (FSRRX) and compare them to S&P 500 Index.

Fidelity Strategic Real Return Fund provided a 4.13% dividend yield over the last twelve months, with an annual payout of $0.40 per share.

The table displays the monthly dividend distributions for Fidelity Strategic Real Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Fidelity Strategic Real Return 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 Real Return Fund was 33.42%, occurring on Mar 9, 2009. Recovery took 401 trading sessions.

The current Fidelity Strategic Real Return Fund drawdown is 0.83%.

The chart below shows the rolling one-month volatility.