FGMNX vs. FADMX
Compare and contrast key facts about Fidelity GNMA Fund (FGMNX) and Fidelity Strategic Income Fund (FADMX).
FGMNX is managed by Fidelity. It was launched on Nov 8, 1985. FADMX is managed by Fidelity. It was launched on Oct 31, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGMNX or FADMX.
Correlation
The correlation between FGMNX and FADMX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FGMNX vs. FADMX - Performance Comparison
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Key characteristics
FGMNX:
0.93
FADMX:
1.58
FGMNX:
1.50
FADMX:
2.39
FGMNX:
1.18
FADMX:
1.30
FGMNX:
0.53
FADMX:
1.64
FGMNX:
2.52
FADMX:
6.19
FGMNX:
2.17%
FADMX:
0.99%
FGMNX:
5.50%
FADMX:
3.81%
FGMNX:
-16.62%
FADMX:
-16.68%
FGMNX:
-4.65%
FADMX:
-0.62%
Returns By Period
In the year-to-date period, FGMNX achieves a 2.11% return, which is significantly higher than FADMX's 1.31% return.
FGMNX
2.11%
-0.10%
1.43%
5.15%
-0.84%
0.89%
FADMX
1.31%
1.82%
0.71%
6.04%
3.54%
N/A
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FGMNX vs. FADMX - Expense Ratio Comparison
FGMNX has a 0.45% expense ratio, which is lower than FADMX's 0.66% expense ratio.
Risk-Adjusted Performance
FGMNX vs. FADMX — Risk-Adjusted Performance Rank
FGMNX
FADMX
FGMNX vs. FADMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity GNMA Fund (FGMNX) and Fidelity Strategic Income Fund (FADMX). 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.
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Dividends
FGMNX vs. FADMX - Dividend Comparison
FGMNX's dividend yield for the trailing twelve months is around 3.53%, less than FADMX's 4.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGMNX Fidelity GNMA Fund | 3.53% | 3.83% | 3.45% | 1.99% | 0.74% | 1.61% | 2.46% | 2.19% | 2.18% | 2.08% | 2.41% | 2.12% |
FADMX Fidelity Strategic Income Fund | 4.13% | 4.21% | 4.32% | 3.67% | 2.75% | 3.33% | 3.46% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGMNX vs. FADMX - Drawdown Comparison
The maximum FGMNX drawdown since its inception was -16.62%, roughly equal to the maximum FADMX drawdown of -16.68%. Use the drawdown chart below to compare losses from any high point for FGMNX and FADMX. For additional features, visit the drawdowns tool.
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Volatility
FGMNX vs. FADMX - Volatility Comparison
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