FAFSX vs. BSIIX
FAFSX (Fidelity Advisor Financial Services Fund Class M) and BSIIX (BlackRock Strategic Income Opportunities Fund Class I) are both mutual funds - FAFSX is a Financials Equities fund managed by BlackRock, while BSIIX is a Total Bond Market fund managed by BlackRock. Over the past 10 years, FAFSX returned 14.17%/yr vs 3.60%/yr for BSIIX. Their 0.18 correlation means their historical movements had little consistent relationship. FAFSX charges 1.28%/yr vs 0.69%/yr for BSIIX.
Performance
FAFSX vs. BSIIX - Performance Comparison
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Returns By Period
In the year-to-date period, FAFSX achieves a 9.49% return, which is significantly higher than BSIIX's 1.03% return. Over the past 10 years, FAFSX has outperformed BSIIX with an annualized return of 14.17%, while BSIIX has yielded a comparatively lower 3.60% annualized return.
FAFSX
- 1D
- 0.89%
- 1M
- 2.97%
- 6M
- 9.23%
- YTD
- 9.49%
- 1Y
- 19.24%
- 3Y*
- 24.03%
- 5Y*
- 13.80%
- 10Y*
- 14.17%
- ALL TIME*
- 8.00%
BSIIX
- 1D
- 0.10%
- 1M
- -1.13%
- 6M
- 0.11%
- YTD
- 1.03%
- 1Y
- 4.24%
- 3Y*
- 6.24%
- 5Y*
- 2.75%
- 10Y*
- 3.60%
- ALL TIME*
- 3.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FAFSX vs. BSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAFSX Fidelity Advisor Financial Services Fund Class M | 9.49% | 14.61% | 38.47% | 13.74% | -9.15% | 32.60% | -0.54% | 33.44% | -16.30% | 20.14% |
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 1.03% | 8.59% | 5.22% | 6.18% | -6.14% | 0.80% | 7.22% | 7.65% | -0.42% | 4.89% |
Correlation
The correlation between FAFSX and BSIIX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2008 | 0.18 |
The correlation between FAFSX and BSIIX shifts across timeframes, from 0.18 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FAFSX vs. BSIIX — Risk / Return Rank
FAFSX
BSIIX
FAFSX vs. BSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Financial Services Fund Class M (FAFSX) and BlackRock Strategic Income Opportunities Fund Class I (BSIIX). 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.
| FAFSX | BSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.33 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.76 | -0.54 |
| Martin ratioReturn relative to average drawdown | 3.48 | 6.43 | -2.95 |
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Drawdowns
FAFSX vs. BSIIX - Drawdown Comparison
The maximum FAFSX drawdown since its inception was -75.78%, which is greater than BSIIX's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for FAFSX and BSIIX.
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Drawdown Indicators
| FAFSX | BSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.78% | -18.76% | -57.02% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -2.84% | -10.26% |
Max Drawdown (3Y)Largest decline over 3 years | -19.46% | -2.84% | -16.62% |
Max Drawdown (5Y)Largest decline over 5 years | -25.33% | -9.13% | -16.20% |
Max Drawdown (10Y)Largest decline over 10 years | -46.03% | -9.91% | -36.12% |
Current DrawdownCurrent decline from peak | -0.73% | -1.25% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -17.95% | -1.80% | -16.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 0.78% | +3.81% |
Volatility
FAFSX vs. BSIIX - Volatility Comparison
Fidelity Advisor Financial Services Fund Class M (FAFSX) has a higher volatility of 4.83% compared to BlackRock Strategic Income Opportunities Fund Class I (BSIIX) at 0.69%. This indicates that FAFSX's price experiences larger fluctuations and is considered to be riskier than BSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAFSX | BSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 0.69% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.28% | 2.44% | +9.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 2.99% | +13.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.84% | 3.04% | +17.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 3.15% | +20.67% |
FAFSX vs. BSIIX - Expense Ratio Comparison
FAFSX has a 1.28% expense ratio, which is higher than BSIIX's 0.69% expense ratio.
Dividends
FAFSX vs. BSIIX - Dividend Comparison
FAFSX's dividend yield for the trailing twelve months is around 6.22%, more than BSIIX's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSIIX BlackRock Strategic Income Opportunities Fund Class I | 4.83% | 5.07% | 4.75% | 3.33% | 3.58% | 2.98% | 2.92% | 3.54% | 3.32% | 3.45% | 2.91% | 3.19% |
FAFSX Fidelity Advisor Financial Services Fund Class M | 6.22% | 6.81% | 9.29% | 2.09% | 5.75% | 4.06% | 2.24% | 0.98% | 3.73% | 0.06% | 0.11% | 0.41% |
Frequently Asked Questions
FAFSX and BSIIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAFSX has higher volatility (4.83%) compared to BSIIX (0.69%). In terms of maximum drawdown, FAFSX dropped -75.78% vs BSIIX's -18.76%.
BSIIX currently has the higher Sharpe Ratio (1.67 vs 0.99), 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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