FADMX vs. FBND
Compare and contrast key facts about Fidelity Strategic Income Fund (FADMX) and Fidelity Total Bond ETF (FBND).
FADMX is managed by Fidelity. It was launched on Oct 31, 1994. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FADMX or FBND.
Key characteristics
| FADMX | FBND | |
|---|---|---|
| YTD Return | 1.61% | -1.32% |
| 1Y Return | 7.28% | 1.88% |
| 3Y Return (Ann) | 0.46% | -2.19% |
| 5Y Return (Ann) | 2.94% | 1.10% |
| Sharpe Ratio | 1.71 | 0.21 |
| Daily Std Dev | 4.53% | 6.64% |
| Max Drawdown | -15.84% | -17.25% |
| Current Drawdown | -1.73% | -8.73% |
Correlation
The correlation between FADMX and FBND is 0.66, 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
FADMX vs. FBND - Performance Comparison
In the year-to-date period, FADMX achieves a 1.61% return, which is significantly higher than FBND's -1.32% 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. FBND - Expense Ratio Comparison
FADMX has a 0.66% expense ratio, which is higher than FBND's 0.36% expense ratio.
Risk-Adjusted Performance
FADMX vs. FBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and Fidelity Total Bond ETF (FBND). 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. FBND - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.44%, less than FBND's 4.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.44% | 4.32% | 3.81% | 4.64% | 4.57% | 4.32% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.58% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
Drawdowns
FADMX vs. FBND - Drawdown Comparison
The maximum FADMX drawdown since its inception was -15.84%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for FADMX and FBND. For additional features, visit the drawdowns tool.
Volatility
FADMX vs. FBND - Volatility Comparison
The current volatility for Fidelity Strategic Income Fund (FADMX) is 1.20%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.58%. This indicates that FADMX experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.