FCSRX vs. GAIFX

Last updated Aug 1, 2026

FCSRX (Fidelity Advisor Strategic Real Return Fund Class C) and GAIFX (American Funds Growth and Income Portfolio Class F-1) are both Diversified Portfolio funds. Over the past 10 years, FCSRX returned 4.42%/yr vs 10.42%/yr for GAIFX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. FCSRX charges 1.70%/yr vs 0.70%/yr for GAIFX.

Performance

FCSRX vs. GAIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Strategic Real Return Fund Class C (FCSRX) and American Funds Growth and Income Portfolio Class F-1 (GAIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCSRX achieves a 6.55% return, which is significantly lower than GAIFX's 7.76% return. Over the past 10 years, FCSRX has underperformed GAIFX with an annualized return of 4.42%, while GAIFX has yielded a comparatively higher 10.42% annualized return.

FCSRX

• 1D: 0.00%
• 1M: 0.77%
• 6M: 2.98%
• YTD: 6.55%
• 1Y: 12.24%
• 3Y*: 7.14%
• 5Y*: 4.52%
• 10Y*: 4.42%
• ALL TIME*: 2.96%

GAIFX

• 1D: 1.38%
• 1M: -0.91%
• 6M: 5.24%
• YTD: 7.76%
• 1Y: 16.28%
• 3Y*: 15.20%
• 5Y*: 8.82%
• 10Y*: 10.42%
• ALL TIME*: 10.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCSRX Fidelity Advisor Strategic Real Return Fund Class C	$0.00	$0.00	$0.00
GAIFX American Funds Growth and Income Portfolio Class F-1	$0.00	$0.00	$0.00

FCSRX vs. GAIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCSRX Fidelity Advisor Strategic Real Return Fund Class C	6.55%	9.27%	4.75%	3.60%	-4.26%	14.68%	2.60%	9.54%	-5.03%	3.02%
GAIFX American Funds Growth and Income Portfolio Class F-1	7.76%	18.16%	14.55%	18.71%	-15.97%	16.33%	16.31%	21.86%	-5.94%	19.08%

Correlation

The correlation between FCSRX and GAIFX is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (5Y) Shows whether the relationship held over a longer period.	0.60
Correlation (10Y) Provides a long-term view across more market conditions.	0.59
Correlation (All Time) Calculated using the full available price history since May 21, 2012	0.56

Over the past year, the correlation between FCSRX and GAIFX has dropped to 0.36 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

Return for Risk

FCSRX vs. GAIFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FCSRX

FCSRX Risk / Return Rank: 89
FCSRX Sharpe Ratio Rank: 93
FCSRX Sortino Ratio Rank: 89
FCSRX Omega Ratio Rank: 89
FCSRX Calmar Ratio Rank: 90
FCSRX Martin Ratio Rank: 84

GAIFX

GAIFX Risk / Return Rank: 48
GAIFX Sharpe Ratio Rank: 47
GAIFX Sortino Ratio Rank: 47
GAIFX Omega Ratio Rank: 46
GAIFX Calmar Ratio Rank: 44
GAIFX Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FCSRX vs. GAIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Real Return Fund Class C (FCSRX) and American Funds Growth and Income Portfolio Class F-1 (GAIFX). 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.

	FCSRX	GAIFX	Difference
Sharpe ratio: Return per unit of total volatility	2.44	1.37	+1.07
Sortino ratio: Return per unit of downside risk	3.32	1.97	+1.35
Omega ratio: Gain probability vs. loss probability	1.47	1.25	+0.22
Calmar ratio: Return relative to maximum drawdown	3.36	1.83	+1.53
Martin ratio: Return relative to average drawdown	10.54	7.95	+2.59

FCSRX vs. GAIFX - Sharpe Ratio Comparison

The current FCSRX Sharpe Ratio is 2.44, which is higher than the GAIFX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of FCSRX and GAIFX, 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

FCSRX vs. GAIFX - Drawdown Comparison

The maximum FCSRX drawdown since its inception was -33.91%, which is greater than GAIFX's maximum drawdown of -26.55%. Use the drawdown chart below to compare losses from any high point for FCSRX and GAIFX.

Drawdown Indicators

	FCSRX	GAIFX	Difference
Max Drawdown Largest peak-to-trough decline	-33.91%	-26.55%	-7.36%
Max Drawdown (1Y) Largest decline over 1 year	-3.50%	-8.13%	+4.63%
Max Drawdown (3Y) Largest decline over 3 years	-5.85%	-12.83%	+6.98%
Max Drawdown (5Y) Largest decline over 5 years	-13.22%	-23.14%	+9.92%
Max Drawdown (10Y) Largest decline over 10 years	-20.02%	-26.55%	+6.53%
Current Drawdown Current decline from peak	-2.33%	-1.56%	-0.77%
Average Drawdown Average peak-to-trough decline	-5.07%	-3.42%	-1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.11%	1.87%	-0.76%

Volatility

FCSRX vs. GAIFX - Volatility Comparison

The current volatility for Fidelity Advisor Strategic Real Return Fund Class C (FCSRX) is 1.62%, while American Funds Growth and Income Portfolio Class F-1 (GAIFX) has a volatility of 2.86%. This indicates that FCSRX experiences smaller price fluctuations and is considered to be less risky than GAIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCSRX	GAIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.62%	2.86%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	3.78%	8.87%	-5.09%
Volatility (1Y) Calculated over the trailing 1-year period	4.88%	10.89%	-6.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.90%	12.70%	-5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.71%	13.15%	-6.44%

FCSRX vs. GAIFX - Expense Ratio Comparison

FCSRX has a 1.70% expense ratio, which is higher than GAIFX's 0.70% expense ratio.

Dividends

FCSRX vs. GAIFX - Dividend Comparison

FCSRX's dividend yield for the trailing twelve months is around 2.54%, less than GAIFX's 5.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCSRX Fidelity Advisor Strategic Real Return Fund Class C	2.54%	3.74%	3.86%	4.35%	6.51%	4.53%	1.32%	2.20%	8.51%	1.58%	1.34%	0.66%
GAIFX American Funds Growth and Income Portfolio Class F-1	5.41%	5.73%	4.77%	2.77%	6.40%	5.09%	3.97%	5.49%	6.06%	3.41%	4.34%	4.54%

Frequently Asked Questions

Can I hold both FCSRX and GAIFX in my portfolio?

FCSRX and GAIFX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCSRX or GAIFX?

GAIFX has higher volatility (2.86%) compared to FCSRX (1.62%). In terms of maximum drawdown, FCSRX dropped -33.91% vs GAIFX's -26.55%.

Which has better risk-adjusted returns?

FCSRX currently has the higher Sharpe Ratio (2.44 vs 1.37), 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.