FADMX vs. VTBNX
FADMX (Fidelity Strategic Income Fund) and VTBNX (Vanguard Total Bond Market II Index Fund) are both Total Bond Market funds. Over the past 5 years, FADMX returned 3.23%/yr vs 0.01%/yr for VTBNX. A 0.64 correlation means they provide meaningful diversification when combined. FADMX charges 0.66%/yr vs 0.02%/yr for VTBNX.
Performance
FADMX vs. VTBNX - Performance Comparison
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Returns By Period
In the year-to-date period, FADMX achieves a 3.37% return, which is significantly higher than VTBNX's 0.01% return.
FADMX
- 1D
- -0.08%
- 1M
- 1.34%
- YTD
- 3.37%
- 6M
- 3.78%
- 1Y
- 9.26%
- 3Y*
- 8.21%
- 5Y*
- 3.23%
- 10Y*
- —
VTBNX
- 1D
- -0.32%
- 1M
- 0.56%
- YTD
- 0.01%
- 6M
- 0.45%
- 1Y
- 4.11%
- 3Y*
- 3.90%
- 5Y*
- 0.01%
- 10Y*
- 1.47%
FADMX vs. VTBNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 3.37% | 9.01% | 6.02% | 9.55% | -11.84% | 3.46% | 6.72% | 11.06% | -2.02% |
VTBNX Vanguard Total Bond Market II Index Fund | 0.01% | 7.18% | 1.32% | 5.68% | -13.12% | -1.82% | 7.39% | 8.71% | 2.56% |
Correlation
The correlation between FADMX and VTBNX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2018 | 0.64 |
The correlation between FADMX and VTBNX shifts across timeframes, from 0.64 (all time) to 0.79 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FADMX vs. VTBNX — Risk / Return Rank
FADMX
VTBNX
FADMX vs. VTBNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Income Fund (FADMX) and Vanguard Total Bond Market II Index Fund (VTBNX). 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 | VTBNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.19 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 1.54 | +2.12 |
| Martin ratioReturn relative to average drawdown | 15.86 | 4.30 | +11.56 |
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Drawdowns
FADMX vs. VTBNX - Drawdown Comparison
The maximum FADMX drawdown since its inception was -15.98%, smaller than the maximum VTBNX drawdown of -18.71%. Use the drawdown chart below to compare losses from any high point for FADMX and VTBNX.
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Drawdown Indicators
| FADMX | VTBNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -18.71% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -2.83% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -3.99% | -5.97% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -18.05% | +2.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.71% | — |
Current DrawdownCurrent decline from peak | -0.08% | -2.52% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -4.86% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 1.01% | -0.41% |
Volatility
FADMX vs. VTBNX - Volatility Comparison
Fidelity Strategic Income Fund (FADMX) has a higher volatility of 1.35% compared to Vanguard Total Bond Market II Index Fund (VTBNX) at 1.13%. This indicates that FADMX's price experiences larger fluctuations and is considered to be riskier than VTBNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FADMX | VTBNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.13% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.86% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 3.88% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.54% | 5.96% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.77% | 4.93% | -0.16% |
FADMX vs. VTBNX - Expense Ratio Comparison
FADMX has a 0.66% expense ratio, which is higher than VTBNX's 0.02% expense ratio.
Dividends
FADMX vs. VTBNX - Dividend Comparison
FADMX's dividend yield for the trailing twelve months is around 4.28%, more than VTBNX's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.28% | 4.33% | 4.16% | 4.31% | 2.91% | 4.23% | 3.82% | 4.34% | 2.74% | 0.00% | 0.00% |
VTBNX Vanguard Total Bond Market II Index Fund | 4.07% | 3.95% | 3.77% | 3.13% | 2.54% | 1.82% | 3.12% | 2.79% | 2.56% | 2.52% | 2.55% |
Frequently Asked Questions
FADMX and VTBNX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FADMX has higher volatility (1.35%) compared to VTBNX (1.13%). In terms of maximum drawdown, FADMX dropped -15.98% vs VTBNX's -18.71%.
FADMX currently has the higher Sharpe Ratio (2.63 vs 1.12), 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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