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.
Key characteristics
| FADMX | ASIEX | |
|---|---|---|
| YTD Return | 2.32% | 0.84% |
| 1Y Return | 8.52% | 4.56% |
| 3Y Return (Ann) | 0.69% | -0.42% |
| 5Y Return (Ann) | 3.08% | 2.55% |
| Sharpe Ratio | 1.96 | 0.88 |
| Daily Std Dev | 4.55% | 5.46% |
| Max Drawdown | -15.84% | -14.03% |
| Current Drawdown | -1.04% | -3.65% |
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.
Performance
FADMX vs. ASIEX - Performance Comparison
In the year-to-date period, FADMX achieves a 2.32% return, which is significantly higher than ASIEX's 0.84% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FADMX vs. ASIEX - Expense Ratio Comparison
FADMX has a 0.66% expense ratio, which is lower than ASIEX's 0.73% expense ratio.
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 4.40%, less than ASIEX's 5.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.40% | 4.32% | 3.81% | 4.64% | 4.57% | 4.32% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% |
ASIEX American Century Strategic Income Fund | 5.40% | 5.55% | 3.81% | 6.14% | 3.56% | 3.07% | 3.95% | 3.18% | 3.50% | 4.25% | 1.72% |
Drawdowns
FADMX vs. ASIEX - Drawdown Comparison
The maximum FADMX drawdown since its inception was -15.84%, which is greater than ASIEX's maximum drawdown of -14.03%. 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
The current volatility for Fidelity Strategic Income Fund (FADMX) is 1.07%, while American Century Strategic Income Fund (ASIEX) has a volatility of 1.39%. This indicates that FADMX experiences smaller price fluctuations and is considered to be less risky than ASIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.