AXSIX vs. FADMX
Compare and contrast key facts about Axonic Strategic Income Fund (AXSIX) and Fidelity Strategic Income Fund (FADMX).
AXSIX is managed by Axonic. It was launched on Dec 29, 2019. 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: AXSIX or FADMX.
Correlation
The correlation between AXSIX and FADMX is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AXSIX vs. FADMX - Performance Comparison
Key characteristics
AXSIX:
3.54
FADMX:
2.02
AXSIX:
8.13
FADMX:
3.05
AXSIX:
2.28
FADMX:
1.38
AXSIX:
9.96
FADMX:
1.42
AXSIX:
30.70
FADMX:
8.74
AXSIX:
0.29%
FADMX:
0.83%
AXSIX:
2.49%
FADMX:
3.61%
AXSIX:
-12.55%
FADMX:
-16.68%
AXSIX:
0.00%
FADMX:
-0.15%
Returns By Period
In the year-to-date period, AXSIX achieves a 1.00% return, which is significantly lower than FADMX's 1.63% return.
AXSIX
1.00%
1.00%
2.33%
8.09%
3.68%
N/A
FADMX
1.63%
0.76%
2.55%
7.15%
2.53%
N/A
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AXSIX vs. FADMX - Expense Ratio Comparison
AXSIX has a 1.00% expense ratio, which is higher than FADMX's 0.66% expense ratio.
Risk-Adjusted Performance
AXSIX vs. FADMX — Risk-Adjusted Performance Rank
AXSIX
FADMX
AXSIX vs. FADMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Axonic Strategic Income Fund (AXSIX) 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
AXSIX vs. FADMX - Dividend Comparison
AXSIX's dividend yield for the trailing twelve months is around 6.53%, more than FADMX's 3.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
AXSIX Axonic Strategic Income Fund | 6.53% | 7.61% | 8.55% | 5.35% | 6.43% | 1.30% | 0.00% | 0.00% |
FADMX Fidelity Strategic Income Fund | 3.82% | 4.21% | 4.32% | 3.67% | 2.75% | 3.33% | 3.46% | 2.61% |
Drawdowns
AXSIX vs. FADMX - Drawdown Comparison
The maximum AXSIX drawdown since its inception was -12.55%, smaller than the maximum FADMX drawdown of -16.68%. Use the drawdown chart below to compare losses from any high point for AXSIX and FADMX. For additional features, visit the drawdowns tool.
Volatility
AXSIX vs. FADMX - Volatility Comparison
The current volatility for Axonic Strategic Income Fund (AXSIX) is 0.71%, while Fidelity Strategic Income Fund (FADMX) has a volatility of 1.05%. This indicates that AXSIX experiences smaller price fluctuations and is considered to be less risky than FADMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.