FADMX vs. DODIX
Compare and contrast key facts about Fidelity Strategic Income Fund (FADMX) and Dodge & Cox Income Fund (DODIX).
FADMX is managed by Fidelity. It was launched on Oct 31, 1994. DODIX is managed by Dodge & Cox.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FADMX or DODIX.
Key characteristics
| FADMX | DODIX | |
|---|---|---|
| YTD Return | 2.32% | -0.08% |
| 1Y Return | 8.52% | 4.59% |
| 3Y Return (Ann) | 0.69% | -1.15% |
| 5Y Return (Ann) | 3.08% | 1.79% |
| Sharpe Ratio | 1.96 | 0.69 |
| Daily Std Dev | 4.55% | 6.40% |
| Max Drawdown | -15.84% | -16.38% |
| Current Drawdown | -1.04% | -5.42% |
Correlation
The correlation between FADMX and DODIX is 0.74, 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. DODIX - Performance Comparison
In the year-to-date period, FADMX achieves a 2.32% return, which is significantly higher than DODIX's -0.08% 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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FADMX vs. DODIX - Expense Ratio Comparison
FADMX has a 0.66% expense ratio, which is higher than DODIX's 0.41% expense ratio.
Risk-Adjusted Performance
FADMX vs. DODIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and Dodge & Cox Income Fund (DODIX). 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. DODIX - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.40%, more than DODIX's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
DODIX Dodge & Cox Income Fund | 4.05% | 3.86% | 2.82% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% | 4.15% | 3.07% |
Drawdowns
FADMX vs. DODIX - Drawdown Comparison
The maximum FADMX drawdown since its inception was -15.84%, roughly equal to the maximum DODIX drawdown of -16.38%. Use the drawdown chart below to compare losses from any high point for FADMX and DODIX. For additional features, visit the drawdowns tool.
Volatility
FADMX vs. DODIX - Volatility Comparison
The current volatility for Fidelity Strategic Income Fund (FADMX) is 1.07%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.52%. This indicates that FADMX experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.