FIKWX vs. FCSRX

Last updated Jun 6, 2026

FIKWX (Fidelity Advisor Asset Manager 30% Fund Class Z) and FCSRX (Fidelity Advisor Strategic Real Return Fund Class C) are both Diversified Portfolio funds. Over the past 5 years, FIKWX returned 4.41%/yr vs 5.17%/yr for FCSRX. A 0.65 correlation means they provide meaningful diversification when combined. FIKWX charges 0.50%/yr vs 1.70%/yr for FCSRX.

Performance

FIKWX vs. FCSRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Asset Manager 30% Fund Class Z (FIKWX) and Fidelity Advisor Strategic Real Return Fund Class C (FCSRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIKWX achieves a 5.82% return, which is significantly lower than FCSRX's 8.17% return.

FIKWX

• 1D: 0.15%
• 1M: 0.67%
• YTD: 5.82%
• 6M: 6.25%
• 1Y: 14.02%
• 3Y*: 9.65%
• 5Y*: 4.41%
• 10Y*: —

FCSRX

• 1D: 0.00%
• 1M: -0.11%
• YTD: 8.17%
• 6M: 8.46%
• 1Y: 15.18%
• 3Y*: 9.06%
• 5Y*: 5.17%
• 10Y*: 4.66%

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

FIKWX vs. FCSRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIKWX Fidelity Advisor Asset Manager 30% Fund Class Z	5.82%	11.32%	6.32%	9.85%	-12.27%	6.13%	11.12%	13.47%	-4.14%
FCSRX Fidelity Advisor Strategic Real Return Fund Class C	8.17%	9.27%	4.75%	3.60%	-4.26%	14.68%	2.60%	9.54%	-5.62%

Correlation

The correlation between FIKWX and FCSRX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018	0.65

Over the past year, the correlation between FIKWX and FCSRX has dropped to 0.41 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

Return for Risk

FIKWX vs. FCSRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIKWX

FIKWX Risk / Return Rank: 79
FIKWX Sharpe Ratio Rank: 82
FIKWX Sortino Ratio Rank: 81
FIKWX Omega Ratio Rank: 81
FIKWX Calmar Ratio Rank: 75
FIKWX Martin Ratio Rank: 79

FCSRX

FCSRX Risk / Return Rank: 95
FCSRX Sharpe Ratio Rank: 95
FCSRX Sortino Ratio Rank: 93
FCSRX Omega Ratio Rank: 91
FCSRX Calmar Ratio Rank: 98
FCSRX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIKWX vs. FCSRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Asset Manager 30% Fund Class Z (FIKWX) and Fidelity Advisor Strategic Real Return Fund Class C (FCSRX). 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.

	FIKWX	FCSRX	Difference
Sharpe ratio: Return per unit of total volatility	2.61	3.34	-0.73
Sortino ratio: Return per unit of downside risk	3.77	4.71	-0.94
Omega ratio: Gain probability vs. loss probability	1.52	1.67	-0.15
Calmar ratio: Return relative to maximum drawdown	3.26	7.68	-4.41
Martin ratio: Return relative to average drawdown	14.17	28.74	-14.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIKWX vs. FCSRX - Sharpe Ratio Comparison

The current FIKWX Sharpe Ratio is 2.61, which is comparable to the FCSRX Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of FIKWX and FCSRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FIKWX	FCSRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	3.34	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.75	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.44	+0.42

Drawdowns

FIKWX vs. FCSRX - Drawdown Comparison

The maximum FIKWX drawdown since its inception was -16.51%, smaller than the maximum FCSRX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for FIKWX and FCSRX.

Drawdown Indicators

	FIKWX	FCSRX	Difference
Max Drawdown Largest peak-to-trough decline	-16.51%	-33.91%	+17.40%
Max Drawdown (1Y) Largest decline over 1 year	-4.32%	-1.99%	-2.33%
Max Drawdown (3Y) Largest decline over 3 years	-6.00%	-5.85%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-16.51%	-13.22%	-3.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-20.02%	—
Current Drawdown Current decline from peak	-0.22%	-0.85%	+0.63%
Average Drawdown Average peak-to-trough decline	-3.40%	-5.09%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	0.53%	+0.46%

Volatility

FIKWX vs. FCSRX - Volatility Comparison

Fidelity Advisor Asset Manager 30% Fund Class Z (FIKWX) has a higher volatility of 1.96% compared to Fidelity Advisor Strategic Real Return Fund Class C (FCSRX) at 1.21%. This indicates that FIKWX's price experiences larger fluctuations and is considered to be riskier than FCSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIKWX	FCSRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.96%	1.21%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	4.44%	3.57%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	5.41%	4.57%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.49%	6.89%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.82%	6.71%	+0.11%

FIKWX vs. FCSRX - Expense Ratio Comparison

FIKWX has a 0.50% expense ratio, which is lower than FCSRX's 1.70% expense ratio.

Dividends

FIKWX vs. FCSRX - Dividend Comparison

FIKWX's dividend yield for the trailing twelve months is around 2.78%, less than FCSRX's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCSRX Fidelity Advisor Strategic Real Return Fund Class C	3.27%	3.74%	3.86%	4.35%	6.51%	4.53%	1.32%	2.20%	8.51%	1.58%	1.34%	0.66%
FIKWX Fidelity Advisor Asset Manager 30% Fund Class Z	2.78%	2.84%	3.12%	2.82%	4.95%	1.90%	2.28%	3.31%	2.70%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FIKWX and FCSRX in my portfolio?

FIKWX and FCSRX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIKWX or FCSRX?

FIKWX has higher volatility (1.96%) compared to FCSRX (1.21%). In terms of maximum drawdown, FIKWX dropped -16.51% vs FCSRX's -33.91%.

Which has better risk-adjusted returns?

FCSRX currently has the higher Sharpe Ratio (3.34 vs 2.61), 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.