FCSDX vs. QBDSX
FCSDX (Fidelity Advisor Strategic Dividend & Income Fund Class C) and QBDSX (Quantified Managed Income Fund) are both Diversified Portfolio funds. Over the past 10 years, FCSDX returned 8.40%/yr vs 0.52%/yr for QBDSX. Their 0.49 correlation means their historical movements had little consistent relationship. FCSDX charges 1.73%/yr vs 1.31%/yr for QBDSX.
Performance
FCSDX vs. QBDSX - Performance Comparison
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Returns By Period
In the year-to-date period, FCSDX achieves a 13.35% return, which is significantly higher than QBDSX's -0.25% return. Over the past 10 years, FCSDX has outperformed QBDSX with an annualized return of 8.40%, while QBDSX has yielded a comparatively lower 0.52% annualized return.
FCSDX
- 1D
- 0.41%
- 1M
- -0.11%
- 6M
- 9.14%
- YTD
- 13.35%
- 1Y
- 20.85%
- 3Y*
- 12.70%
- 5Y*
- 7.19%
- 10Y*
- 8.40%
- ALL TIME*
- 7.29%
QBDSX
- 1D
- 0.00%
- 1M
- 0.13%
- 6M
- -0.88%
- YTD
- -0.25%
- 1Y
- 0.15%
- 3Y*
- 2.24%
- 5Y*
- 0.70%
- 10Y*
- 0.52%
- ALL TIME*
- 0.75%
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 |
FCSDX vs. QBDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCSDX Fidelity Advisor Strategic Dividend & Income Fund Class C | 13.35% | 11.86% | 10.33% | 8.38% | -10.86% | 17.81% | 10.16% | 21.23% | -5.42% | 10.51% |
QBDSX Quantified Managed Income Fund | -0.25% | 5.11% | 1.02% | 2.25% | -4.09% | -0.66% | -9.22% | 10.50% | -3.17% | 5.05% |
Correlation
The correlation between FCSDX and QBDSX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.49 |
Over the past year, FCSDX and QBDSX have become more correlated (0.71) than their long-term average of 0.49, meaning their price movements have been converging.
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Return for Risk
FCSDX vs. QBDSX — Risk / Return Rank
FCSDX
QBDSX
FCSDX vs. QBDSX - 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 Quantified Managed Income Fund (QBDSX). 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.
| FCSDX | QBDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.32 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.00 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | -0.03 | +3.40 |
| Martin ratioReturn relative to average drawdown | 14.08 | -0.07 | +14.15 |
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Drawdowns
FCSDX vs. QBDSX - Drawdown Comparison
The maximum FCSDX drawdown since its inception was -59.48%, which is greater than QBDSX's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for FCSDX and QBDSX.
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Drawdown Indicators
| FCSDX | QBDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.48% | -18.38% | -41.10% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -3.09% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -12.87% | -3.76% | -9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -17.78% | -7.40% | -10.38% |
Max Drawdown (10Y)Largest decline over 10 years | -30.04% | -18.38% | -11.66% |
Current DrawdownCurrent decline from peak | -0.51% | -8.29% | +7.78% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -6.86% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 1.43% | -0.04% |
Volatility
FCSDX vs. QBDSX - Volatility Comparison
Fidelity Advisor Strategic Dividend & Income Fund Class C (FCSDX) has a higher volatility of 1.94% compared to Quantified Managed Income Fund (QBDSX) at 0.75%. This indicates that FCSDX's price experiences larger fluctuations and is considered to be riskier than QBDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSDX | QBDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 0.75% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 6.48% | 2.38% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.37% | 3.53% | +4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.96% | 4.31% | +6.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.40% | 5.24% | +7.16% |
FCSDX vs. QBDSX - Expense Ratio Comparison
FCSDX has a 1.73% expense ratio, which is higher than QBDSX's 1.31% expense ratio.
Dividends
FCSDX vs. QBDSX - Dividend Comparison
FCSDX's dividend yield for the trailing twelve months is around 6.02%, more than QBDSX's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSDX Fidelity Advisor Strategic Dividend & Income Fund Class C | 6.02% | 6.96% | 4.24% | 4.70% | 3.17% | 7.40% | 4.74% | 5.70% | 7.06% | 5.87% | 3.97% | 5.36% |
QBDSX Quantified Managed Income Fund | 4.49% | 4.47% | 3.98% | 4.51% | 0.54% | 0.71% | 0.87% | 2.26% | 2.04% | 2.51% | 1.00% | 3.89% |
Frequently Asked Questions
FCSDX and QBDSX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCSDX has higher volatility (1.94%) compared to QBDSX (0.75%). In terms of maximum drawdown, FCSDX dropped -59.48% vs QBDSX's -18.38%.
FCSDX currently has the higher Sharpe Ratio (2.35 vs -0.03), 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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