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 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FGMNX vs. FADMX - Performance Comparison
Key characteristics
FGMNX:
0.61
FADMX:
2.31
FGMNX:
0.90
FADMX:
3.47
FGMNX:
1.11
FADMX:
1.44
FGMNX:
0.36
FADMX:
2.31
FGMNX:
1.65
FADMX:
10.64
FGMNX:
2.15%
FADMX:
0.82%
FGMNX:
5.81%
FADMX:
3.77%
FGMNX:
-16.16%
FADMX:
-16.24%
FGMNX:
-4.57%
FADMX:
-1.41%
Returns By Period
In the year-to-date period, FGMNX achieves a -0.10% return, which is significantly lower than FADMX's 0.35% return.
FGMNX
-0.10%
-0.67%
0.83%
3.45%
-0.17%
0.98%
FADMX
0.35%
-0.32%
3.27%
8.71%
2.78%
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.
Dividends
FGMNX vs. FADMX - Dividend Comparison
FGMNX's dividend yield for the trailing twelve months is around 4.74%, less than FADMX's 5.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGMNX Fidelity GNMA Fund | 4.74% | 4.73% | 4.30% | 2.52% | 0.74% | 1.61% | 2.46% | 2.55% | 2.18% | 2.08% | 2.41% | 2.12% |
FADMX Fidelity Strategic Income Fund | 5.24% | 5.26% | 5.33% | 4.57% | 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 -16.16%, roughly equal to the maximum FADMX drawdown of -16.24%. Use the drawdown chart below to compare losses from any high point for FGMNX and FADMX. For additional features, visit the drawdowns tool.
Volatility
FGMNX vs. FADMX - Volatility Comparison
Fidelity GNMA Fund (FGMNX) has a higher volatility of 1.69% compared to Fidelity Strategic Income Fund (FADMX) at 1.33%. This indicates that FGMNX's price experiences larger fluctuations and is considered to be riskier than FADMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.