FIKVX vs. FSIRX
FIKVX (Fidelity Advisor Asset Manager 20% Fund Class Z) and FSIRX (Fidelity Advisor Strategic Real Return Fund Class I) are both Diversified Portfolio funds. Over the past 5 years, FIKVX returned 3.16%/yr vs 5.54%/yr for FSIRX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. FIKVX charges 0.48%/yr vs 0.70%/yr for FSIRX.
Performance
FIKVX vs. FSIRX - Performance Comparison
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Returns By Period
In the year-to-date period, FIKVX achieves a 3.58% return, which is significantly lower than FSIRX's 7.04% return.
FIKVX
- 1D
- 0.55%
- 1M
- -0.74%
- 6M
- 2.30%
- YTD
- 3.58%
- 1Y
- 8.22%
- 3Y*
- 7.17%
- 5Y*
- 3.16%
- 10Y*
- —
- ALL TIME*
- 4.55%
FSIRX
- 1D
- 0.00%
- 1M
- 0.75%
- 6M
- 3.41%
- YTD
- 7.04%
- 1Y
- 13.22%
- 3Y*
- 8.16%
- 5Y*
- 5.54%
- 10Y*
- 5.47%
- ALL TIME*
- 4.08%
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 |
FIKVX vs. FSIRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKVX Fidelity Advisor Asset Manager 20% Fund Class Z | 3.58% | 9.45% | 5.38% | 7.95% | -10.17% | 4.14% | 8.58% | 10.76% | -2.40% |
FSIRX Fidelity Advisor Strategic Real Return Fund Class I | 7.04% | 10.38% | 5.83% | 4.58% | -3.34% | 15.89% | 3.72% | 10.55% | -5.48% |
Correlation
The correlation between FIKVX and FSIRX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.63 |
Over the past year, the correlation between FIKVX and FSIRX has dropped to 0.42 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
FIKVX vs. FSIRX — Risk / Return Rank
FIKVX
FSIRX
FIKVX vs. FSIRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 20% Fund Class Z (FIKVX) and Fidelity Advisor Strategic Real Return Fund Class I (FSIRX). 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.
| FIKVX | FSIRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.49 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 3.61 | -1.12 |
| Martin ratioReturn relative to average drawdown | 10.21 | 11.63 | -1.42 |
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Drawdowns
FIKVX vs. FSIRX - Drawdown Comparison
The maximum FIKVX drawdown since its inception was -13.90%, smaller than the maximum FSIRX drawdown of -33.39%. Use the drawdown chart below to compare losses from any high point for FIKVX and FSIRX.
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Drawdown Indicators
| FIKVX | FSIRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.90% | -33.39% | +19.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -3.53% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.21% | -5.81% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -13.90% | -12.82% | -1.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.98% | — |
Current DrawdownCurrent decline from peak | -1.07% | -2.28% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -2.75% | -4.15% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.09% | -0.29% |
Volatility
FIKVX vs. FSIRX - Volatility Comparison
The current volatility for Fidelity Advisor Asset Manager 20% Fund Class Z (FIKVX) is 1.32%, while Fidelity Advisor Strategic Real Return Fund Class I (FSIRX) has a volatility of 1.75%. This indicates that FIKVX experiences smaller price fluctuations and is considered to be less risky than FSIRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKVX | FSIRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.75% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.92% | 3.98% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 5.07% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.14% | 6.93% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.14% | 6.75% | -1.61% |
FIKVX vs. FSIRX - Expense Ratio Comparison
FIKVX has a 0.48% expense ratio, which is lower than FSIRX's 0.70% expense ratio.
Dividends
FIKVX vs. FSIRX - Dividend Comparison
FIKVX's dividend yield for the trailing twelve months is around 2.78%, less than FSIRX's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKVX Fidelity Advisor Asset Manager 20% Fund Class Z | 2.55% | 3.09% | 3.38% | 3.20% | 4.59% | 1.66% | 2.19% | 3.05% | 2.90% | 0.00% | 0.00% | 0.00% |
FSIRX Fidelity Advisor Strategic Real Return Fund Class I | 3.23% | 4.72% | 4.80% | 5.28% | 7.33% | 5.37% | 2.23% | 3.09% | 9.42% | 2.63% | 2.37% | 1.75% |
Frequently Asked Questions
FIKVX and FSIRX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSIRX has higher volatility (1.75%) compared to FIKVX (1.32%). In terms of maximum drawdown, FIKVX dropped -13.90% vs FSIRX's -33.39%.
FSIRX currently has the higher Sharpe Ratio (2.54 vs 1.80), 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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