FIKQX vs. MSTDX
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and MassMutual Short Duration Bond Fund (MSTDX).
FIKQX is managed by Fidelity. It was launched on Oct 2, 2018. MSTDX is managed by MassMutual. It was launched on Sep 30, 1994.
Performance
FIKQX vs. MSTDX - Performance Comparison
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FIKQX vs. MSTDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | -0.21% | 7.31% | 1.69% | 6.75% | -13.97% | -1.03% | 10.00% | 9.90% | 2.01% |
MSTDX MassMutual Short Duration Bond Fund | -0.08% | 6.18% | 6.38% | 5.88% | -11.19% | 1.79% | 2.29% | 4.49% | 0.31% |
Returns By Period
In the year-to-date period, FIKQX achieves a -0.21% return, which is significantly lower than MSTDX's -0.08% return.
FIKQX
- 1D
- 0.14%
- 1M
- -1.63%
- YTD
- -0.21%
- 6M
- 0.40%
- 1Y
- 3.86%
- 3Y*
- 3.97%
- 5Y*
- 0.41%
- 10Y*
- —
MSTDX
- 1D
- 0.11%
- 1M
- -0.64%
- YTD
- -0.08%
- 6M
- 0.79%
- 1Y
- 4.27%
- 3Y*
- 5.60%
- 5Y*
- 1.27%
- 10Y*
- 2.05%
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FIKQX vs. MSTDX - Expense Ratio Comparison
FIKQX has a 0.36% expense ratio, which is lower than MSTDX's 0.51% expense ratio.
Return for Risk
FIKQX vs. MSTDX — Risk / Return Rank
FIKQX
MSTDX
FIKQX vs. MSTDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and MassMutual Short Duration Bond Fund (MSTDX). 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.
| FIKQX | MSTDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 2.35 | -1.40 |
Sortino ratioReturn per unit of downside risk | 1.37 | 4.12 | -2.75 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.60 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 4.45 | -2.81 |
Martin ratioReturn relative to average drawdown | 4.72 | 16.48 | -11.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIKQX | MSTDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 2.35 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.56 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.24 | -0.75 |
Correlation
The correlation between FIKQX and MSTDX is 0.49, 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.
Dividends
FIKQX vs. MSTDX - Dividend Comparison
FIKQX's dividend yield for the trailing twelve months is around 3.66%, less than MSTDX's 4.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | 3.66% | 3.97% | 4.08% | 3.65% | 2.05% | 1.44% | 4.90% | 2.83% | 1.07% | 0.00% | 0.00% | 0.00% |
MSTDX MassMutual Short Duration Bond Fund | 4.09% | 4.36% | 2.63% | 2.48% | 1.46% | 1.90% | 4.44% | 3.35% | 3.82% | 2.51% | 2.36% | 2.57% |
Drawdowns
FIKQX vs. MSTDX - Drawdown Comparison
The maximum FIKQX drawdown since its inception was -18.53%, which is greater than MSTDX's maximum drawdown of -13.31%. Use the drawdown chart below to compare losses from any high point for FIKQX and MSTDX.
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Drawdown Indicators
| FIKQX | MSTDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -13.31% | -5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -1.06% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -13.31% | -5.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.31% | — |
Current DrawdownCurrent decline from peak | -2.16% | -0.85% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -1.43% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.29% | +0.69% |
Volatility
FIKQX vs. MSTDX - Volatility Comparison
Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) has a higher volatility of 1.48% compared to MassMutual Short Duration Bond Fund (MSTDX) at 0.47%. This indicates that FIKQX's price experiences larger fluctuations and is considered to be riskier than MSTDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKQX | MSTDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.47% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 1.16% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 1.87% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 2.29% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 2.04% | +3.47% |