FIQDX vs. VWINX

Last updated Jun 5, 2026

FIQDX (Fidelity Advisor Strategic Real Return Fund Class Z) and VWINX (Vanguard Wellesley Income Fund Investor Shares) are both Diversified Portfolio funds. Over the past 5 years, FIQDX returned 6.33%/yr vs 3.99%/yr for VWINX. A 0.65 correlation means they provide meaningful diversification when combined. FIQDX charges 0.61%/yr vs 0.22%/yr for VWINX.

Performance

FIQDX vs. VWINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Strategic Real Return Fund Class Z (FIQDX) and Vanguard Wellesley Income Fund Investor Shares (VWINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIQDX achieves a 8.72% return, which is significantly higher than VWINX's 3.24% return.

FIQDX

• 1D: -0.10%
• 1M: -0.10%
• YTD: 8.72%
• 6M: 8.98%
• 1Y: 16.57%
• 3Y*: 10.21%
• 5Y*: 6.33%
• 10Y*: —

VWINX

• 1D: -0.31%
• 1M: 0.62%
• YTD: 3.24%
• 6M: 3.37%
• 1Y: 10.63%
• 3Y*: 8.75%
• 5Y*: 3.99%
• 10Y*: 5.77%

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

FIQDX vs. VWINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FIQDX Fidelity Advisor Strategic Real Return Fund Class Z	8.72%	10.40%	6.03%	4.55%	-3.17%	15.96%	3.79%	10.63%	-4.90%
VWINX Vanguard Wellesley Income Fund Investor Shares	3.24%	10.98%	5.86%	6.99%	-9.09%	8.48%	8.44%	16.39%	-2.53%

Correlation

The correlation between FIQDX and VWINX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 5, 2018	0.65

The correlation between FIQDX and VWINX shifts across timeframes, from 0.48 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FIQDX vs. VWINX — Risk / Return Rank

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

FIQDX

FIQDX Risk / Return Rank: 96
FIQDX Sharpe Ratio Rank: 97
FIQDX Sortino Ratio Rank: 95
FIQDX Omega Ratio Rank: 93
FIQDX Calmar Ratio Rank: 98
FIQDX Martin Ratio Rank: 98

VWINX

VWINX Risk / Return Rank: 51
VWINX Sharpe Ratio Rank: 53
VWINX Sortino Ratio Rank: 55
VWINX Omega Ratio Rank: 52
VWINX Calmar Ratio Rank: 48
VWINX Martin Ratio Rank: 48

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.

FIQDX vs. VWINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Real Return Fund Class Z (FIQDX) and Vanguard Wellesley Income Fund Investor Shares (VWINX). 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.

	FIQDX	VWINX	Difference
Sharpe ratio: Return per unit of total volatility	3.62	2.16	+1.46
Sortino ratio: Return per unit of downside risk	5.12	3.12	+2.00
Omega ratio: Gain probability vs. loss probability	1.73	1.40	+0.33
Calmar ratio: Return relative to maximum drawdown	8.63	2.65	+5.98
Martin ratio: Return relative to average drawdown	32.05	9.98	+22.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIQDX vs. VWINX - Sharpe Ratio Comparison

The current FIQDX Sharpe Ratio is 3.62, which is higher than the VWINX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of FIQDX and VWINX, 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

	FIQDX	VWINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.62	2.16	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.58	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	1.08	-0.19

Drawdowns

FIQDX vs. VWINX - Drawdown Comparison

The maximum FIQDX drawdown since its inception was -19.98%, smaller than the maximum VWINX drawdown of -21.72%. Use the drawdown chart below to compare losses from any high point for FIQDX and VWINX.

Drawdown Indicators

	FIQDX	VWINX	Difference
Max Drawdown Largest peak-to-trough decline	-19.98%	-21.72%	+1.74%
Max Drawdown (1Y) Largest decline over 1 year	-1.94%	-4.16%	+2.22%
Max Drawdown (3Y) Largest decline over 3 years	-5.91%	-6.98%	+1.07%
Max Drawdown (5Y) Largest decline over 5 years	-12.79%	-15.30%	+2.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-17.43%	—
Current Drawdown Current decline from peak	-0.83%	-0.31%	-0.52%
Average Drawdown Average peak-to-trough decline	-2.98%	-2.63%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	1.10%	-0.58%

Volatility

FIQDX vs. VWINX - Volatility Comparison

The current volatility for Fidelity Advisor Strategic Real Return Fund Class Z (FIQDX) is 1.31%, while Vanguard Wellesley Income Fund Investor Shares (VWINX) has a volatility of 1.61%. This indicates that FIQDX experiences smaller price fluctuations and is considered to be less risky than VWINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIQDX	VWINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	1.61%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	3.61%	3.85%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	4.63%	5.10%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.91%	6.97%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.41%	6.92%	+0.49%

FIQDX vs. VWINX - Expense Ratio Comparison

FIQDX has a 0.61% expense ratio, which is higher than VWINX's 0.22% expense ratio.

Dividends

FIQDX vs. VWINX - Dividend Comparison

FIQDX's dividend yield for the trailing twelve months is around 4.19%, less than VWINX's 7.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIQDX Fidelity Advisor Strategic Real Return Fund Class Z	4.19%	4.75%	4.88%	5.38%	7.39%	5.44%	2.29%	3.17%	8.46%	0.00%	0.00%	0.00%
VWINX Vanguard Wellesley Income Fund Investor Shares	7.71%	7.86%	6.61%	4.73%	7.67%	6.03%	4.30%	3.94%	7.56%	3.20%	4.00%	5.60%

Frequently Asked Questions

Can I hold both FIQDX and VWINX in my portfolio?

FIQDX and VWINX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIQDX or VWINX?

VWINX has higher volatility (1.61%) compared to FIQDX (1.31%). In terms of maximum drawdown, FIQDX dropped -19.98% vs VWINX's -21.72%.

Which has better risk-adjusted returns?

FIQDX currently has the higher Sharpe Ratio (3.62 vs 2.16), 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.