FADMX vs. MOFIX
FADMX (Fidelity Strategic Income Fund) and MOFIX (Mercer Opportunistic Fixed Income Fund) are both Multisector Bonds funds. Over the past 5 years, FADMX returned 2.69%/yr vs 1.20%/yr for MOFIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. FADMX charges 0.64%/yr vs 0.44%/yr for MOFIX.
Performance
FADMX vs. MOFIX - Performance Comparison
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Returns By Period
In the year-to-date period, FADMX achieves a 1.84% return, which is significantly higher than MOFIX's -2.24% return.
FADMX
- 1D
- 0.08%
- 1M
- -1.15%
- 6M
- 1.18%
- YTD
- 1.84%
- 1Y
- 5.59%
- 3Y*
- 7.26%
- 5Y*
- 2.69%
- 10Y*
- —
- ALL TIME*
- 3.85%
MOFIX
- 1D
- -0.12%
- 1M
- -1.07%
- 6M
- -2.47%
- YTD
- -2.24%
- 1Y
- -0.14%
- 3Y*
- 4.37%
- 5Y*
- 1.20%
- 10Y*
- —
- ALL TIME*
- 2.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FADMX vs. MOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 1.84% | 9.01% | 6.02% | 9.55% | -11.84% | 3.46% | 6.72% | 5.12% |
MOFIX Mercer Opportunistic Fixed Income Fund | -2.24% | 8.60% | 2.23% | 12.22% | -11.57% | -1.15% | 5.31% | 3.18% |
Correlation
The correlation between FADMX and MOFIX is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2019 | 0.70 |
The correlation between FADMX and MOFIX has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
FADMX vs. MOFIX — Risk / Return Rank
FADMX
MOFIX
FADMX vs. MOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and Mercer Opportunistic Fixed Income Fund (MOFIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FADMX | MOFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.99 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.04 | +2.22 |
| Martin ratioReturn relative to average drawdown | 8.24 | -0.11 | +8.36 |
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Drawdowns
FADMX vs. MOFIX - Drawdown Comparison
The maximum FADMX drawdown since its inception was -15.98%, smaller than the maximum MOFIX drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for FADMX and MOFIX.
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Drawdown Indicators
| FADMX | MOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -19.96% | +3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -3.52% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -3.63% | -8.02% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -19.00% | +3.02% |
Current DrawdownCurrent decline from peak | -1.63% | -2.70% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -5.10% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.33% | -0.64% |
Volatility
FADMX vs. MOFIX - Volatility Comparison
Fidelity Strategic Income Fund (FADMX) has a higher volatility of 0.96% compared to Mercer Opportunistic Fixed Income Fund (MOFIX) at 0.68%. This indicates that FADMX's price experiences larger fluctuations and is considered to be riskier than MOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FADMX | MOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.68% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 2.38% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 2.98% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 7.26% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.76% | 7.10% | -2.34% |
FADMX vs. MOFIX - Expense Ratio Comparison
FADMX has a 0.64% expense ratio, which is higher than MOFIX's 0.44% expense ratio.
Dividends
FADMX vs. MOFIX - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.03%, more than MOFIX's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.03% | 4.33% | 4.16% | 4.31% | 2.91% | 4.23% | 3.82% | 4.34% | 2.74% |
MOFIX Mercer Opportunistic Fixed Income Fund | 3.40% | 3.32% | 6.91% | 6.44% | 3.81% | 4.20% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FADMX and MOFIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FADMX has higher volatility (0.96%) compared to MOFIX (0.68%). In terms of maximum drawdown, FADMX dropped -15.98% vs MOFIX's -19.96%.
FADMX currently has the higher Sharpe Ratio (1.52 vs -0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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