FBNIX vs. FIWDX
FBNIX (Fidelity Advisor Short-Term Bond Fund Class I) and FIWDX (Fidelity Advisor Strategic Income Fund Class Z) are both Total Bond Market funds from Fidelity. Over the past 5 years, FBNIX returned 2.15%/yr vs 2.66%/yr for FIWDX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. FBNIX charges 0.50%/yr vs 0.61%/yr for FIWDX.
Performance
FBNIX vs. FIWDX - Performance Comparison
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Returns By Period
In the year-to-date period, FBNIX achieves a 0.65% return, which is significantly lower than FIWDX's 1.79% return.
FBNIX
- 1D
- 0.00%
- 1M
- -0.24%
- 6M
- 0.31%
- YTD
- 0.65%
- 1Y
- 2.50%
- 3Y*
- 4.53%
- 5Y*
- 2.15%
- 10Y*
- 2.03%
- ALL TIME*
- 2.04%
FIWDX
- 1D
- 0.25%
- 1M
- -1.31%
- 6M
- 1.04%
- YTD
- 1.79%
- 1Y
- 5.47%
- 3Y*
- 6.99%
- 5Y*
- 2.66%
- 10Y*
- —
- ALL TIME*
- 4.24%
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 |
FBNIX vs. FIWDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FBNIX Fidelity Advisor Short-Term Bond Fund Class I | 0.65% | 5.36% | 4.85% | 4.91% | -3.90% | -0.97% | 3.76% | 4.15% | 0.87% |
FIWDX Fidelity Advisor Strategic Income Fund Class Z | 1.79% | 8.98% | 6.07% | 9.20% | -11.76% | 3.51% | 7.60% | 11.20% | -1.63% |
Correlation
The correlation between FBNIX and FIWDX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.55 |
The correlation between FBNIX and FIWDX shifts across timeframes, from 0.49 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FBNIX vs. FIWDX — Risk / Return Rank
FBNIX
FIWDX
FBNIX vs. FIWDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Short-Term Bond Fund Class I (FBNIX) 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.
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.
| FBNIX | FIWDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.30 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.27 | +0.34 |
| Martin ratioReturn relative to average drawdown | 9.61 | 8.55 | +1.06 |
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Drawdowns
FBNIX vs. FIWDX - Drawdown Comparison
The maximum FBNIX drawdown since its inception was -6.47%, smaller than the maximum FIWDX drawdown of -15.96%. Use the drawdown chart below to compare losses from any high point for FBNIX and FIWDX.
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Drawdown Indicators
| FBNIX | FIWDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.47% | -15.96% | +9.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -2.61% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -1.29% | -3.63% | +2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -6.28% | -15.96% | +9.68% |
Max Drawdown (10Y)Largest decline over 10 years | -6.47% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -1.79% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -0.94% | -3.15% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.69% | -0.34% |
Volatility
FBNIX vs. FIWDX - Volatility Comparison
The current volatility for Fidelity Advisor Short-Term Bond Fund Class I (FBNIX) is 0.44%, while Fidelity Advisor Strategic Income Fund Class Z (FIWDX) has a volatility of 0.99%. This indicates that FBNIX 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
| FBNIX | FIWDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.99% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 3.29% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.91% | 3.78% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.20% | 4.59% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.84% | 4.87% | -3.03% |
FBNIX vs. FIWDX - Expense Ratio Comparison
FBNIX has a 0.50% expense ratio, which is lower than FIWDX's 0.61% expense ratio.
Dividends
FBNIX vs. FIWDX - Dividend Comparison
FBNIX's dividend yield for the trailing twelve months is around 3.80%, less than FIWDX's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FBNIX Fidelity Advisor Short-Term Bond Fund Class I | 3.80% | 4.26% | 4.00% | 2.71% | 0.78% | 0.99% | 2.67% | 2.09% | 1.72% | 1.21% | 0.48% |
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% |
Frequently Asked Questions
FBNIX and FIWDX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIWDX has higher volatility (0.99%) compared to FBNIX (0.44%). In terms of maximum drawdown, FBNIX dropped -6.47% vs FIWDX's -15.96%.
FBNIX currently has the higher Sharpe Ratio (1.77 vs 1.57), 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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