FADMX vs. FSRIX
Compare and contrast key facts about Fidelity Strategic Income Fund (FADMX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX).
FADMX is managed by Fidelity. It was launched on Oct 31, 1994. FSRIX is managed by Fidelity. It was launched on Jul 3, 1995.
Performance
FADMX vs. FSRIX - Performance Comparison
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FADMX vs. FSRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | -0.89% | 9.01% | 6.07% | 9.55% | -11.84% | 3.46% | 6.72% | 11.06% | -2.02% |
FSRIX Fidelity Advisor Strategic Income Fund Class I | -0.90% | 8.97% | 6.02% | 9.51% | -11.91% | 3.50% | 7.50% | 11.01% | -2.05% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FADMX having a -0.89% return and FSRIX slightly lower at -0.90%.
FADMX
- 1D
- 0.00%
- 1M
- -2.62%
- YTD
- -0.89%
- 6M
- 0.47%
- 1Y
- 7.18%
- 3Y*
- 6.77%
- 5Y*
- 2.82%
- 10Y*
- —
FSRIX
- 1D
- 0.00%
- 1M
- -2.70%
- YTD
- -0.90%
- 6M
- 0.46%
- 1Y
- 7.05%
- 3Y*
- 6.73%
- 5Y*
- 2.78%
- 10Y*
- 4.24%
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FADMX vs. FSRIX - Expense Ratio Comparison
FADMX has a 0.66% expense ratio, which is lower than FSRIX's 0.71% expense ratio.
Return for Risk
FADMX vs. FSRIX — Risk / Return Rank
FADMX
FSRIX
FADMX vs. FSRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX). 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 | FSRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.14 | 2.12 | +0.03 |
Sortino ratioReturn per unit of downside risk | 2.98 | 2.94 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.42 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 2.75 | +0.14 |
Martin ratioReturn relative to average drawdown | 11.44 | 10.91 | +0.53 |
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 | FSRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 2.12 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.63 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.96 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.52 | +0.25 |
Correlation
The correlation between FADMX and FSRIX is 0.98, 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.
Dividends
FADMX vs. FSRIX - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.06%, which matches FSRIX's 4.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.06% | 4.33% | 4.21% | 4.31% | 2.91% | 4.23% | 3.82% | 4.34% | 2.74% | 0.00% | 0.00% | 0.00% |
FSRIX Fidelity Advisor Strategic Income Fund Class I | 4.03% | 4.29% | 4.16% | 4.28% | 2.91% | 4.18% | 4.53% | 4.30% | 3.74% | 4.17% | 3.75% | 3.09% |
Drawdowns
FADMX vs. FSRIX - Drawdown Comparison
The maximum FADMX drawdown since its inception was -15.98%, smaller than the maximum FSRIX drawdown of -22.98%. Use the drawdown chart below to compare losses from any high point for FADMX and FSRIX.
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Drawdown Indicators
| FADMX | FSRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -22.98% | +7.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -2.70% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -15.99% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.99% | — |
Current DrawdownCurrent decline from peak | -2.62% | -2.70% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -3.12% | -4.72% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.68% | -0.02% |
Volatility
FADMX vs. FSRIX - Volatility Comparison
Fidelity Strategic Income Fund (FADMX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX) have volatilities of 1.54% and 1.57%, 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.
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Volatility by Period
| FADMX | FSRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 1.57% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.38% | 2.41% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 3.57% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.44% | 4.44% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 4.43% | +0.34% |