FADMX vs. SPY
Compare and contrast key facts about Fidelity Strategic Income Fund (FADMX) and SPDR S&P 500 ETF (SPY).
FADMX is managed by Fidelity. It was launched on Oct 31, 1994. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FADMX or SPY.
Performance
FADMX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, FADMX achieves a 6.71% return, which is significantly lower than SPY's 26.08% return.
FADMX
6.71%
0.35%
4.93%
11.38%
2.47%
N/A
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| FADMX | SPY | |
|---|---|---|
| Sharpe Ratio | 2.85 | 2.70 |
| Sortino Ratio | 4.55 | 3.60 |
| Omega Ratio | 1.58 | 1.50 |
| Calmar Ratio | 1.36 | 3.90 |
| Martin Ratio | 16.66 | 17.52 |
| Ulcer Index | 0.66% | 1.87% |
| Daily Std Dev | 3.84% | 12.14% |
| Max Drawdown | -16.68% | -55.19% |
| Current Drawdown | -0.84% | -0.85% |
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FADMX vs. SPY - Expense Ratio Comparison
FADMX has a 0.66% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between FADMX and SPY is 0.47, 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.33%, more than SPY's 1.18% 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% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FADMX vs. SPY - Drawdown Comparison
The maximum FADMX drawdown since its inception was -16.68%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FADMX and SPY. For additional features, visit the drawdowns tool.
Volatility
FADMX vs. SPY - Volatility Comparison
The current volatility for Fidelity Strategic Income Fund (FADMX) is 0.87%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that FADMX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.