FADMX vs. SCHI
FADMX (Fidelity Strategic Income Fund) and SCHI (Schwab 5-10 Year Corporate Bond ETF) are both funds - FADMX is a Multisector Bonds fund managed by Fidelity, while SCHI is a Corporate Bonds fund tracking the Bloomberg US 5-10 Year Corporate Bond Index. Over the past 5 years, FADMX returned 2.83%/yr vs 0.84%/yr for SCHI. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FADMX charges 0.64%/yr vs 0.03%/yr for SCHI.
Performance
FADMX vs. SCHI - Performance Comparison
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Returns By Period
In the year-to-date period, FADMX achieves a 2.51% return, which is significantly higher than SCHI's 0.13% return.
FADMX
- 1D
- 0.33%
- 1M
- -0.50%
- 6M
- 1.93%
- YTD
- 2.51%
- 1Y
- 6.02%
- 3Y*
- 7.66%
- 5Y*
- 2.83%
- 10Y*
- —
- ALL TIME*
- 3.93%
SCHI
- 1D
- 0.50%
- 1M
- -0.54%
- 6M
- 0.04%
- YTD
- 0.13%
- 1Y
- 2.81%
- 3Y*
- 6.08%
- 5Y*
- 0.84%
- 10Y*
- —
- ALL TIME*
- 2.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $44.99M | $42.97M | $59.52M |
FADMX vs. SCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 2.51% | 9.01% | 6.02% | 9.55% | -11.84% | 3.46% | 6.72% | 2.04% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 0.13% | 9.47% | 3.32% | 8.97% | -14.06% | -1.85% | 9.74% | 0.83% |
Correlation
The correlation between FADMX and SCHI is 0.64, 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. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.72 |
The correlation between FADMX and SCHI shifts across timeframes, from 0.64 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FADMX vs. SCHI — Risk / Return Rank
FADMX
SCHI
FADMX vs. SCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and Schwab 5-10 Year Corporate Bond ETF (SCHI). 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 | SCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.12 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 0.94 | +1.47 |
| Martin ratioReturn relative to average drawdown | 9.12 | 2.63 | +6.49 |
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Drawdowns
FADMX vs. SCHI - Drawdown Comparison
The maximum FADMX drawdown since its inception was -15.98%, smaller than the maximum SCHI drawdown of -20.67%. Use the drawdown chart below to compare losses from any high point for FADMX and SCHI.
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Drawdown Indicators
| FADMX | SCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -20.67% | +4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -3.01% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -3.63% | -5.30% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -20.46% | +4.48% |
Current DrawdownCurrent decline from peak | -0.98% | -1.42% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -5.60% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.07% | -0.38% |
Volatility
FADMX vs. SCHI - Volatility Comparison
The current volatility for Fidelity Strategic Income Fund (FADMX) is 1.12%, while Schwab 5-10 Year Corporate Bond ETF (SCHI) has a volatility of 1.27%. This indicates that FADMX experiences smaller price fluctuations and is considered to be less risky than SCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FADMX | SCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.27% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 3.36% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 4.08% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 6.68% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.76% | 7.34% | -2.58% |
FADMX vs. SCHI - Expense Ratio Comparison
FADMX has a 0.64% expense ratio, which is higher than SCHI's 0.03% expense ratio.
Dividends
FADMX vs. SCHI - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.34%, less than SCHI's 5.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.34% | 4.33% | 4.16% | 4.31% | 2.91% | 4.23% | 3.82% | 4.34% | 2.74% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.10% | 4.99% | 5.11% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% | 0.00% |
Frequently Asked Questions
FADMX and SCHI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHI has higher volatility (1.27%) compared to FADMX (1.12%). In terms of maximum drawdown, FADMX dropped -15.98% vs SCHI's -20.67%.
FADMX currently has the higher Sharpe Ratio (1.67 vs 0.69), 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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