FADMX vs. SCHI
Compare and contrast key facts about Fidelity Strategic Income Fund (FADMX) and Schwab 5-10 Year Corporate Bond ETF (SCHI).
FADMX is managed by Fidelity. It was launched on Oct 31, 1994. SCHI is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Credit - Corporate (5-10 Y). It was launched on Oct 10, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FADMX or SCHI.
Key characteristics
| FADMX | SCHI | |
|---|---|---|
| YTD Return | 2.32% | -0.11% |
| 1Y Return | 8.52% | 5.12% |
| 3Y Return (Ann) | 0.69% | -1.93% |
| Sharpe Ratio | 1.96 | 0.68 |
| Daily Std Dev | 4.55% | 6.99% |
| Max Drawdown | -15.84% | -20.67% |
| Current Drawdown | -1.04% | -8.32% |
Correlation
The correlation between FADMX and SCHI is 0.74, 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.
Performance
FADMX vs. SCHI - Performance Comparison
In the year-to-date period, FADMX achieves a 2.32% return, which is significantly higher than SCHI's -0.11% 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. SCHI - Expense Ratio Comparison
FADMX has a 0.66% expense ratio, which is higher than SCHI's 0.05% expense ratio.
Risk-Adjusted Performance
FADMX vs. SCHI - Risk-Adjusted Performance 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.
Dividends
FADMX vs. SCHI - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.40%, less than SCHI's 5.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.40% | 4.32% | 3.81% | 4.64% | 4.57% | 4.32% | 2.59% |
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.01% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% | 0.00% |
Drawdowns
FADMX vs. SCHI - Drawdown Comparison
The maximum FADMX drawdown since its inception was -15.84%, 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. For additional features, visit the drawdowns tool.
Volatility
FADMX vs. SCHI - Volatility Comparison
The current volatility for Fidelity Strategic Income Fund (FADMX) is 1.07%, while Schwab 5-10 Year Corporate Bond ETF (SCHI) has a volatility of 1.49%. 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.