FCSDX vs. FSIRX

Last updated Jun 4, 2026

FCSDX (Fidelity Advisor Strategic Dividend & Income Fund Class C) and FSIRX (Fidelity Advisor Strategic Real Return Fund Class I) are both Diversified Portfolio funds from Fidelity. Over the past 10 years, FCSDX returned 8.75%/yr vs 5.76%/yr for FSIRX. A 0.62 correlation means they provide meaningful diversification when combined. FCSDX charges 1.73%/yr vs 0.70%/yr for FSIRX.

Performance

FCSDX vs. FSIRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Strategic Dividend & Income Fund Class C (FCSDX) and Fidelity Advisor Strategic Real Return Fund Class I (FSIRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCSDX achieves a 12.38% return, which is significantly higher than FSIRX's 8.74% return. Over the past 10 years, FCSDX has outperformed FSIRX with an annualized return of 8.75%, while FSIRX has yielded a comparatively lower 5.76% annualized return.

FCSDX

• 1D: 0.67%
• 1M: 2.42%
• YTD: 12.38%
• 6M: 12.69%
• 1Y: 22.46%
• 3Y*: 13.94%
• 5Y*: 7.42%
• 10Y*: 8.75%

FSIRX

• 1D: 0.31%
• 1M: 0.10%
• YTD: 8.74%
• 6M: 8.99%
• 1Y: 16.71%
• 3Y*: 10.15%
• 5Y*: 6.36%
• 10Y*: 5.76%

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

FCSDX vs. FSIRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCSDX Fidelity Advisor Strategic Dividend & Income Fund Class C	12.38%	11.86%	10.33%	8.38%	-10.86%	17.81%	10.16%	21.23%	-5.42%	10.51%
FSIRX Fidelity Advisor Strategic Real Return Fund Class I	8.74%	10.38%	5.83%	4.58%	-3.34%	15.89%	3.72%	10.55%	-3.99%	4.10%

Correlation

The correlation between FCSDX and FSIRX is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 12, 2005	0.62

The correlation between FCSDX and FSIRX shifts across timeframes, from 0.50 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FCSDX vs. FSIRX — Risk / Return Rank

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

FCSDX

FCSDX Risk / Return Rank: 83
FCSDX Sharpe Ratio Rank: 85
FCSDX Sortino Ratio Rank: 81
FCSDX Omega Ratio Rank: 78
FCSDX Calmar Ratio Rank: 84
FCSDX Martin Ratio Rank: 86

FSIRX

FSIRX Risk / Return Rank: 96
FSIRX Sharpe Ratio Rank: 96
FSIRX Sortino Ratio Rank: 94
FSIRX Omega Ratio Rank: 92
FSIRX Calmar Ratio Rank: 98
FSIRX Martin Ratio Rank: 98

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.

FCSDX vs. FSIRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Dividend & Income Fund Class C (FCSDX) and Fidelity Advisor Strategic Real Return Fund Class I (FSIRX). 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.

	FCSDX	FSIRX	Difference
Sharpe ratio: Return per unit of total volatility	2.78	3.51	-0.74
Sortino ratio: Return per unit of downside risk	3.88	4.92	-1.04
Omega ratio: Gain probability vs. loss probability	1.52	1.70	-0.18
Calmar ratio: Return relative to maximum drawdown	3.93	8.10	-4.18
Martin ratio: Return relative to average drawdown	16.34	31.92	-15.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCSDX vs. FSIRX - Sharpe Ratio Comparison

The current FCSDX Sharpe Ratio is 2.78, which is comparable to the FSIRX Sharpe Ratio of 3.51. The chart below compares the historical Sharpe Ratios of FCSDX and FSIRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FCSDX	FSIRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.78	3.51	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.92	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.86	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.61	-0.13

Drawdowns

FCSDX vs. FSIRX - Drawdown Comparison

The maximum FCSDX drawdown since its inception was -59.48%, which is greater than FSIRX's maximum drawdown of -33.39%. Use the drawdown chart below to compare losses from any high point for FCSDX and FSIRX.

Drawdown Indicators

	FCSDX	FSIRX	Difference
Max Drawdown Largest peak-to-trough decline	-59.48%	-33.39%	-26.09%
Max Drawdown (1Y) Largest decline over 1 year	-5.83%	-2.05%	-3.78%
Max Drawdown (3Y) Largest decline over 3 years	-12.87%	-5.81%	-7.06%
Max Drawdown (5Y) Largest decline over 5 years	-17.78%	-12.82%	-4.96%
Max Drawdown (10Y) Largest decline over 10 years	-30.04%	-19.98%	-10.06%
Current Drawdown Current decline from peak	0.00%	-0.73%	+0.73%
Average Drawdown Average peak-to-trough decline	-6.97%	-4.17%	-2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.40%	0.52%	+0.88%

Volatility

FCSDX vs. FSIRX - Volatility Comparison

Fidelity Advisor Strategic Dividend & Income Fund Class C (FCSDX) has a higher volatility of 2.27% compared to Fidelity Advisor Strategic Real Return Fund Class I (FSIRX) at 1.32%. This indicates that FCSDX's price experiences larger fluctuations and is considered to be riskier than FSIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCSDX	FSIRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.27%	1.32%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	6.32%	3.77%	+2.55%
Volatility (1Y) Calculated over the trailing 1-year period	8.26%	4.75%	+3.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.97%	6.92%	+4.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.43%	6.74%	+5.69%

FCSDX vs. FSIRX - Expense Ratio Comparison

FCSDX has a 1.73% expense ratio, which is higher than FSIRX's 0.70% expense ratio.

Dividends

FCSDX vs. FSIRX - Dividend Comparison

FCSDX's dividend yield for the trailing twelve months is around 6.20%, more than FSIRX's 4.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCSDX Fidelity Advisor Strategic Dividend & Income Fund Class C	6.20%	6.96%	4.24%	4.70%	3.17%	7.40%	4.74%	5.70%	7.06%	5.87%	3.97%	5.36%
FSIRX Fidelity Advisor Strategic Real Return Fund Class I	4.18%	4.72%	4.80%	5.28%	7.33%	5.37%	2.23%	3.09%	9.42%	2.63%	2.37%	1.75%

Frequently Asked Questions

Can I hold both FCSDX and FSIRX in my portfolio?

FCSDX and FSIRX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCSDX or FSIRX?

FCSDX has higher volatility (2.27%) compared to FSIRX (1.32%). In terms of maximum drawdown, FCSDX dropped -59.48% vs FSIRX's -33.39%.

Which has better risk-adjusted returns?

FSIRX currently has the higher Sharpe Ratio (3.51 vs 2.78), 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.