ASIEX vs. FADMX
Compare and contrast key facts about American Century Strategic Income Fund (ASIEX) and Fidelity Strategic Income Fund (FADMX).
ASIEX is managed by American Century Investments. It was launched on Jul 27, 2014. FADMX is managed by Fidelity. It was launched on Oct 31, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASIEX or FADMX.
Key characteristics
| ASIEX | FADMX | |
|---|---|---|
| YTD Return | 5.26% | 5.78% |
| 1Y Return | 11.34% | 11.82% |
| 3Y Return (Ann) | 0.44% | 0.97% |
| 5Y Return (Ann) | 2.81% | 3.18% |
| Sharpe Ratio | 2.14 | 2.50 |
| Daily Std Dev | 5.17% | 4.41% |
| Max Drawdown | -14.03% | -15.84% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ASIEX and FADMX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ASIEX vs. FADMX - Performance Comparison
In the year-to-date period, ASIEX achieves a 5.26% return, which is significantly lower than FADMX's 5.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ASIEX vs. FADMX - Expense Ratio Comparison
ASIEX has a 0.73% expense ratio, which is higher than FADMX's 0.66% expense ratio.
Risk-Adjusted Performance
ASIEX vs. FADMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Century Strategic Income Fund (ASIEX) and Fidelity Strategic Income Fund (FADMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ASIEX vs. FADMX - Dividend Comparison
ASIEX's dividend yield for the trailing twelve months is around 5.45%, more than FADMX's 4.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ASIEX American Century Strategic Income Fund | 5.45% | 5.55% | 3.81% | 6.14% | 3.56% | 3.07% | 3.95% | 3.18% | 3.50% | 4.25% | 1.72% |
FADMX Fidelity Strategic Income Fund | 4.36% | 4.32% | 3.81% | 4.64% | 4.57% | 4.32% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ASIEX vs. FADMX - Drawdown Comparison
The maximum ASIEX drawdown since its inception was -14.03%, smaller than the maximum FADMX drawdown of -15.84%. Use the drawdown chart below to compare losses from any high point for ASIEX and FADMX. For additional features, visit the drawdowns tool.
Volatility
ASIEX vs. FADMX - Volatility Comparison
American Century Strategic Income Fund (ASIEX) has a higher volatility of 1.27% compared to Fidelity Strategic Income Fund (FADMX) at 1.14%. This indicates that ASIEX's price experiences larger fluctuations and is considered to be riskier than FADMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.