FASDX vs. FBAOX

Last updated Jun 23, 2026

FASDX (Fidelity Advisor Strategic Dividend & Income Fund Class A) and FBAOX (Fidelity Advisor Balanced Fund Class A) are both Diversified Portfolio funds from Fidelity. Over the past year, FASDX returned 23.28% vs 23.59% for FBAOX. A 0.74 correlation means they provide meaningful diversification when combined. FASDX charges 0.97%/yr vs 0.76%/yr for FBAOX.

Performance

FASDX vs. FBAOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Strategic Dividend & Income Fund Class A (FASDX) and Fidelity Advisor Balanced Fund Class A (FBAOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FASDX achieves a 12.67% return, which is significantly higher than FBAOX's 10.03% return.

FASDX

• 1D: 0.36%
• 1M: 0.36%
• YTD: 12.67%
• 6M: 12.31%
• 1Y: 23.28%
• 3Y*: 14.19%
• 5Y*: 8.46%
• 10Y*: 9.53%

FBAOX

• 1D: 0.97%
• 1M: 1.41%
• YTD: 10.03%
• 6M: 10.00%
• 1Y: 23.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FASDX vs. FBAOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FASDX Fidelity Advisor Strategic Dividend & Income Fund Class A	12.67%	12.72%	-2.86%
FBAOX Fidelity Advisor Balanced Fund Class A	10.03%	14.81%	4.65%

Correlation

The correlation between FASDX and FBAOX is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.74

The correlation between FASDX and FBAOX has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

Return for Risk

FASDX vs. FBAOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FASDX

FASDX Risk / Return Rank: 88
FASDX Sharpe Ratio Rank: 90
FASDX Sortino Ratio Rank: 87
FASDX Omega Ratio Rank: 83
FASDX Calmar Ratio Rank: 87
FASDX Martin Ratio Rank: 91

FBAOX

FBAOX Risk / Return Rank: 85
FBAOX Sharpe Ratio Rank: 86
FBAOX Sortino Ratio Rank: 82
FBAOX Omega Ratio Rank: 82
FBAOX Calmar Ratio Rank: 83
FBAOX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FASDX vs. FBAOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Dividend & Income Fund Class A (FASDX) and Fidelity Advisor Balanced Fund Class A (FBAOX). 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.

	FASDX	FBAOX	Difference
Sharpe ratio: Return per unit of total volatility	2.76	2.58	+0.18
Sortino ratio: Return per unit of downside risk	3.86	3.58	+0.28
Omega ratio: Gain probability vs. loss probability	1.51	1.49	+0.02
Calmar ratio: Return relative to maximum drawdown	4.01	3.65	+0.36
Martin ratio: Return relative to average drawdown	16.80	17.07	-0.27

FASDX vs. FBAOX - Sharpe Ratio Comparison

The current FASDX Sharpe Ratio is 2.76, which is comparable to the FBAOX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of FASDX and FBAOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FASDX vs. FBAOX - Drawdown Comparison

The maximum FASDX drawdown since its inception was -59.09%, which is greater than FBAOX's maximum drawdown of -12.61%. Use the drawdown chart below to compare losses from any high point for FASDX and FBAOX.

Drawdown Indicators

	FASDX	FBAOX	Difference
Max Drawdown Largest peak-to-trough decline	-59.09%	-12.61%	-46.48%
Max Drawdown (1Y) Largest decline over 1 year	-5.81%	-6.48%	+0.67%
Max Drawdown (3Y) Largest decline over 3 years	-12.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.01%	—	—
Current Drawdown Current decline from peak	-0.71%	-0.14%	-0.57%
Average Drawdown Average peak-to-trough decline	-6.49%	-1.46%	-5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	1.38%	0.00%

Volatility

FASDX vs. FBAOX - Volatility Comparison

The current volatility for Fidelity Advisor Strategic Dividend & Income Fund Class A (FASDX) is 2.58%, while Fidelity Advisor Balanced Fund Class A (FBAOX) has a volatility of 3.78%. This indicates that FASDX experiences smaller price fluctuations and is considered to be less risky than FBAOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FASDX	FBAOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	3.78%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	6.54%	7.53%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	8.44%	9.16%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.98%	11.64%	-0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.43%	11.64%	+0.79%

FASDX vs. FBAOX - Expense Ratio Comparison

FASDX has a 0.97% expense ratio, which is higher than FBAOX's 0.76% expense ratio.

Dividends

FASDX vs. FBAOX - Dividend Comparison

FASDX's dividend yield for the trailing twelve months is around 6.91%, more than FBAOX's 4.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASDX Fidelity Advisor Strategic Dividend & Income Fund Class A	6.91%	7.75%	5.04%	5.48%	3.98%	8.22%	5.45%	6.46%	7.92%	6.39%	4.68%	6.13%
FBAOX Fidelity Advisor Balanced Fund Class A	4.88%	5.40%	6.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FASDX and FBAOX in my portfolio?

FASDX and FBAOX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FASDX or FBAOX?

FBAOX has higher volatility (3.78%) compared to FASDX (2.58%). In terms of maximum drawdown, FASDX dropped -59.09% vs FBAOX's -12.61%.

Which has better risk-adjusted returns?

FASDX currently has the higher Sharpe Ratio (2.76 vs 2.58), 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.