FADMX vs. ACP
FADMX (Fidelity Strategic Income Fund) and ACP (abrdn Income Credit Strategies Fund) are both Multisector Bonds funds. Over the past 5 years, FADMX returned 2.69%/yr vs -0.18%/yr for ACP. Their 0.37 correlation means their historical movements had little consistent relationship. FADMX charges 0.64%/yr vs 1.97%/yr for ACP.
Performance
FADMX vs. ACP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FADMX achieves a 1.84% return, which is significantly lower than ACP's 2.65% return.
FADMX
- 1D
- 0.08%
- 1M
- -1.15%
- 6M
- 1.18%
- YTD
- 1.84%
- 1Y
- 5.59%
- 3Y*
- 7.26%
- 5Y*
- 2.69%
- 10Y*
- —
- ALL TIME*
- 3.85%
ACP
- 1D
- -0.79%
- 1M
- -3.51%
- 6M
- -2.71%
- YTD
- 2.65%
- 1Y
- -0.14%
- 3Y*
- 6.94%
- 5Y*
- -0.18%
- 10Y*
- 5.37%
- ALL TIME*
- 3.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.09M | $2.75M | $2.45M | |
| $0.00 | $0.00 | $0.00 |
FADMX vs. ACP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 1.84% | 9.01% | 6.02% | 9.55% | -11.84% | 3.46% | 6.72% | 11.06% | -2.02% |
ACP abrdn Income Credit Strategies Fund | 2.65% | 6.48% | 4.81% | 19.27% | -22.87% | 6.65% | 7.51% | 26.93% | -19.73% |
Correlation
The correlation between FADMX and ACP is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2018 | 0.37 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FADMX vs. ACP — Risk / Return Rank
FADMX
ACP
FADMX vs. ACP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and abrdn Income Credit Strategies Fund (ACP). 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.
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.
| FADMX | ACP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.01 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.01 | +2.19 |
| Martin ratioReturn relative to average drawdown | 8.24 | -0.04 | +8.28 |
Loading charts...
Drawdowns
FADMX vs. ACP - Drawdown Comparison
The maximum FADMX drawdown since its inception was -15.98%, smaller than the maximum ACP drawdown of -51.03%. Use the drawdown chart below to compare losses from any high point for FADMX and ACP.
Loading charts...
Drawdown Indicators
| FADMX | ACP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -51.03% | +35.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -10.51% | +7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -3.63% | -18.97% | +15.34% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -38.83% | +22.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.03% | — |
Current DrawdownCurrent decline from peak | -1.63% | -7.88% | +6.25% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -11.06% | +8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 3.86% | -3.17% |
Volatility
FADMX vs. ACP - Volatility Comparison
The current volatility for Fidelity Strategic Income Fund (FADMX) is 0.96%, while abrdn Income Credit Strategies Fund (ACP) has a volatility of 3.78%. This indicates that FADMX experiences smaller price fluctuations and is considered to be less risky than ACP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FADMX | ACP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 3.78% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 10.07% | -6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 12.30% | -8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 17.03% | -12.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.76% | 21.09% | -16.33% |
FADMX vs. ACP - Expense Ratio Comparison
FADMX has a 0.64% expense ratio, which is lower than ACP's 1.97% expense ratio.
Dividends
FADMX vs. ACP - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.03%, less than ACP's 18.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACP abrdn Income Credit Strategies Fund | 18.53% | 17.19% | 19.72% | 17.65% | 17.70% | 11.76% | 12.73% | 12.27% | 12.60% | 10.26% | 10.72% | 12.69% |
FADMX Fidelity Strategic Income Fund | 4.03% | 4.33% | 4.16% | 4.31% | 2.91% | 4.23% | 3.82% | 4.34% | 2.74% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FADMX and ACP have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACP has higher volatility (3.78%) compared to FADMX (0.96%). In terms of maximum drawdown, FADMX dropped -15.98% vs ACP's -51.03%.
FADMX currently has the higher Sharpe Ratio (1.52 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FADMX and ACP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer