FADMX vs. SHYG
Compare and contrast key facts about Fidelity Strategic Income Fund (FADMX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
FADMX is managed by Fidelity. It was launched on Oct 31, 1994. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FADMX or SHYG.
Correlation
The correlation between FADMX and SHYG is 0.62, 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.
Performance
FADMX vs. SHYG - Performance Comparison
Key characteristics
FADMX:
1.52
SHYG:
2.38
FADMX:
2.24
SHYG:
3.50
FADMX:
1.28
SHYG:
1.44
FADMX:
0.99
SHYG:
4.78
FADMX:
8.03
SHYG:
18.98
FADMX:
0.70%
SHYG:
0.44%
FADMX:
3.67%
SHYG:
3.48%
FADMX:
-16.68%
SHYG:
-19.26%
FADMX:
-1.94%
SHYG:
-0.68%
Returns By Period
In the year-to-date period, FADMX achieves a 5.89% return, which is significantly lower than SHYG's 8.13% return.
FADMX
5.89%
-0.68%
2.84%
6.08%
2.19%
N/A
SHYG
8.13%
0.11%
4.93%
8.03%
4.25%
4.41%
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FADMX vs. SHYG - Expense Ratio Comparison
FADMX has a 0.66% expense ratio, which is higher than SHYG's 0.30% expense ratio.
Risk-Adjusted Performance
FADMX vs. SHYG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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. SHYG - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 3.77%, less than SHYG's 6.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 3.77% | 4.32% | 3.67% | 2.75% | 3.33% | 3.46% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 6.93% | 6.54% | 5.57% | 4.84% | 5.07% | 5.32% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% | 0.85% |
Drawdowns
FADMX vs. SHYG - Drawdown Comparison
The maximum FADMX drawdown since its inception was -16.68%, smaller than the maximum SHYG drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for FADMX and SHYG. For additional features, visit the drawdowns tool.
Volatility
FADMX vs. SHYG - Volatility Comparison
The current volatility for Fidelity Strategic Income Fund (FADMX) is 1.14%, while iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a volatility of 1.27%. This indicates that FADMX experiences smaller price fluctuations and is considered to be less risky than SHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.