FBKWX vs. FIWDX
Compare and contrast key facts about Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Fidelity Advisor Strategic Income Fund Class Z (FIWDX).
FBKWX is managed by Fidelity. It was launched on Oct 15, 2002. FIWDX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
FBKWX vs. FIWDX - Performance Comparison
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FBKWX vs. FIWDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | -0.37% | 7.60% | 2.20% | 6.56% | -13.55% | -0.27% | 9.46% | 9.88% | 1.27% |
FIWDX Fidelity Advisor Strategic Income Fund Class Z | -0.22% | 8.98% | 6.07% | 9.20% | -11.76% | 3.51% | 7.60% | 11.20% | -1.63% |
Returns By Period
In the year-to-date period, FBKWX achieves a -0.37% return, which is significantly lower than FIWDX's -0.22% return.
FBKWX
- 1D
- 0.10%
- 1M
- -1.75%
- YTD
- -0.37%
- 6M
- 0.39%
- 1Y
- 4.05%
- 3Y*
- 4.16%
- 5Y*
- 0.67%
- 10Y*
- 2.58%
FIWDX
- 1D
- 0.59%
- 1M
- -1.80%
- YTD
- -0.22%
- 6M
- 0.92%
- 1Y
- 7.49%
- 3Y*
- 6.88%
- 5Y*
- 2.86%
- 10Y*
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FBKWX vs. FIWDX - Expense Ratio Comparison
FBKWX has a 0.36% expense ratio, which is lower than FIWDX's 0.61% expense ratio.
Return for Risk
FBKWX vs. FIWDX — Risk / Return Rank
FBKWX
FIWDX
FBKWX vs. FIWDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Fidelity Advisor Strategic Income Fund Class Z (FIWDX). 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.
| FBKWX | FIWDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 2.24 | -1.23 |
Sortino ratioReturn per unit of downside risk | 1.44 | 3.15 | -1.71 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.46 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.15 | -1.45 |
Martin ratioReturn relative to average drawdown | 5.16 | 12.15 | -6.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FBKWX | FIWDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 2.24 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.65 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.85 | -0.31 |
Correlation
The correlation between FBKWX and FIWDX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FBKWX vs. FIWDX - Dividend Comparison
FBKWX's dividend yield for the trailing twelve months is around 4.10%, which matches FIWDX's 4.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | 4.10% | 4.45% | 4.22% | 3.52% | 2.59% | 1.97% | 5.32% | 3.11% | 3.30% | 3.07% | 3.71% | 3.38% |
FIWDX Fidelity Advisor Strategic Income Fund Class Z | 4.09% | 4.39% | 4.21% | 4.02% | 2.99% | 4.28% | 4.62% | 4.39% | 1.13% | 0.00% | 0.00% | 0.00% |
Drawdowns
FBKWX vs. FIWDX - Drawdown Comparison
The maximum FBKWX drawdown since its inception was -18.31%, which is greater than FIWDX's maximum drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for FBKWX and FIWDX.
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Drawdown Indicators
| FBKWX | FIWDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.31% | -15.96% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.61% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -18.31% | -15.96% | -2.35% |
Max Drawdown (10Y)Largest decline over 10 years | -18.31% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -2.04% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -3.69% | -3.27% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.68% | +0.27% |
Volatility
FBKWX vs. FIWDX - Volatility Comparison
The current volatility for Fidelity Advisor Total Bond Fund Class Z (FBKWX) is 1.50%, while Fidelity Advisor Strategic Income Fund Class Z (FIWDX) has a volatility of 1.65%. This indicates that FBKWX experiences smaller price fluctuations and is considered to be less risky than FIWDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBKWX | FIWDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.65% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 2.36% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.42% | 3.55% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 4.45% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 4.88% | -0.14% |