FADMX vs. FGMNX
Compare and contrast key facts about Fidelity Strategic Income Fund (FADMX) and Fidelity GNMA Fund (FGMNX).
FADMX is managed by Fidelity. It was launched on Oct 31, 1994. FGMNX is managed by Fidelity. It was launched on Nov 8, 1985.
Performance
FADMX vs. FGMNX - Performance Comparison
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FADMX vs. FGMNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | -0.31% | 9.01% | 6.07% | 9.55% | -11.84% | 3.46% | 6.72% | 11.06% | -2.02% |
FGMNX Fidelity GNMA Fund | 0.46% | 7.89% | 0.43% | 5.46% | -11.52% | -1.03% | 3.74% | 5.72% | 2.42% |
Returns By Period
In the year-to-date period, FADMX achieves a -0.31% return, which is significantly lower than FGMNX's 0.46% return.
FADMX
- 1D
- 0.59%
- 1M
- -1.88%
- YTD
- -0.31%
- 6M
- 0.90%
- 1Y
- 7.44%
- 3Y*
- 6.98%
- 5Y*
- 2.87%
- 10Y*
- —
FGMNX
- 1D
- 0.19%
- 1M
- -1.33%
- YTD
- 0.46%
- 6M
- 1.56%
- 1Y
- 4.70%
- 3Y*
- 3.76%
- 5Y*
- 0.19%
- 10Y*
- 1.22%
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FADMX vs. FGMNX - Expense Ratio Comparison
FADMX has a 0.66% expense ratio, which is higher than FGMNX's 0.45% expense ratio.
Return for Risk
FADMX vs. FGMNX — Risk / Return Rank
FADMX
FGMNX
FADMX vs. FGMNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and Fidelity GNMA Fund (FGMNX). 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.
| FADMX | FGMNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.20 | 1.17 | +1.03 |
Sortino ratioReturn per unit of downside risk | 3.08 | 1.69 | +1.39 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.21 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 3.13 | 1.94 | +1.19 |
Martin ratioReturn relative to average drawdown | 12.17 | 5.55 | +6.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FADMX | FGMNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 1.17 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.03 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.04 | -0.25 |
Correlation
The correlation between FADMX and FGMNX is 0.63, 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.
Dividends
FADMX vs. FGMNX - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.04%, more than FGMNX's 3.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.04% | 4.33% | 4.21% | 4.31% | 2.91% | 4.23% | 3.82% | 4.34% | 2.74% | 0.00% | 0.00% | 0.00% |
FGMNX Fidelity GNMA Fund | 3.30% | 3.61% | 3.23% | 3.45% | 1.68% | 0.76% | 1.61% | 2.46% | 2.19% | 2.17% | 2.61% | 2.25% |
Drawdowns
FADMX vs. FGMNX - Drawdown Comparison
The maximum FADMX drawdown since its inception was -15.98%, smaller than the maximum FGMNX drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for FADMX and FGMNX.
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Drawdown Indicators
| FADMX | FGMNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -16.84% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -2.91% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -16.62% | +0.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.84% | — |
Current DrawdownCurrent decline from peak | -2.04% | -1.71% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -1.91% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.02% | -0.35% |
Volatility
FADMX vs. FGMNX - Volatility Comparison
Fidelity Strategic Income Fund (FADMX) has a higher volatility of 1.69% compared to Fidelity GNMA Fund (FGMNX) at 1.50%. This indicates that FADMX's price experiences larger fluctuations and is considered to be riskier than FGMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FADMX | FGMNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 1.50% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 2.49% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 4.41% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.44% | 6.21% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 4.65% | +0.12% |