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.
Performance
FADMX vs. SHYG - Performance Comparison
Returns By Period
In the year-to-date period, FADMX achieves a 6.71% return, which is significantly lower than SHYG's 8.01% return.
FADMX
6.71%
0.35%
4.93%
11.38%
2.47%
N/A
SHYG
8.01%
0.62%
5.95%
11.16%
4.52%
4.29%
Key characteristics
| FADMX | SHYG | |
|---|---|---|
| Sharpe Ratio | 2.85 | 3.23 |
| Sortino Ratio | 4.55 | 5.12 |
| Omega Ratio | 1.58 | 1.64 |
| Calmar Ratio | 1.36 | 6.53 |
| Martin Ratio | 16.66 | 27.12 |
| Ulcer Index | 0.66% | 0.42% |
| Daily Std Dev | 3.84% | 3.51% |
| Max Drawdown | -16.68% | -19.27% |
| Current Drawdown | -0.84% | -0.44% |
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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.
Correlation
The correlation between FADMX and SHYG is 0.61, 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.
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 4.33%, less than SHYG's 6.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.33% | 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 | 6.75% | 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 -19.27%. 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
Fidelity Strategic Income Fund (FADMX) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) have volatilities of 0.87% and 0.83%, 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.