FADMX vs. ASIEX
Compare and contrast key facts about Fidelity Strategic Income Fund (FADMX) and American Century Strategic Income Fund (ASIEX).
FADMX is managed by Fidelity. It was launched on Oct 31, 1994. ASIEX is managed by American Century Investments. It was launched on Jul 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FADMX or ASIEX.
Performance
FADMX vs. ASIEX - Performance Comparison
Returns By Period
In the year-to-date period, FADMX achieves a 6.62% return, which is significantly higher than ASIEX's 4.77% return.
FADMX
6.62%
0.01%
4.57%
11.38%
2.45%
N/A
ASIEX
4.77%
-0.41%
4.36%
9.28%
2.07%
2.99%
Key characteristics
| FADMX | ASIEX | |
|---|---|---|
| Sharpe Ratio | 2.90 | 2.04 |
| Sortino Ratio | 4.63 | 3.14 |
| Omega Ratio | 1.59 | 1.39 |
| Calmar Ratio | 1.30 | 0.88 |
| Martin Ratio | 17.03 | 8.42 |
| Ulcer Index | 0.66% | 1.10% |
| Daily Std Dev | 3.84% | 4.54% |
| Max Drawdown | -16.68% | -15.32% |
| Current Drawdown | -0.92% | -2.04% |
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FADMX vs. ASIEX - Expense Ratio Comparison
FADMX has a 0.66% expense ratio, which is lower than ASIEX's 0.73% expense ratio.
Correlation
The correlation between FADMX and ASIEX 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.
Risk-Adjusted Performance
FADMX vs. ASIEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and American Century Strategic Income Fund (ASIEX). 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
FADMX vs. ASIEX - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.33%, less than ASIEX's 5.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.33% | 4.32% | 3.67% | 2.75% | 3.33% | 3.46% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% |
ASIEX American Century Strategic Income Fund | 5.65% | 5.55% | 3.81% | 4.07% | 2.79% | 3.09% | 3.96% | 3.18% | 3.50% | 4.25% | 1.72% |
Drawdowns
FADMX vs. ASIEX - Drawdown Comparison
The maximum FADMX drawdown since its inception was -16.68%, which is greater than ASIEX's maximum drawdown of -15.32%. Use the drawdown chart below to compare losses from any high point for FADMX and ASIEX. For additional features, visit the drawdowns tool.
Volatility
FADMX vs. ASIEX - Volatility Comparison
Fidelity Strategic Income Fund (FADMX) and American Century Strategic Income Fund (ASIEX) have volatilities of 0.89% and 0.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.