FIQWX vs. QBDSX
FIQWX (Fidelity Advisor Strategic Dividend & Income Fund Class Z) and QBDSX (Quantified Managed Income Fund) are both Diversified Portfolio funds. Over the past 5 years, FIQWX returned 7.55%/yr vs 0.70%/yr for QBDSX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. FIQWX charges 0.59%/yr vs 1.31%/yr for QBDSX.
Performance
FIQWX vs. QBDSX - Performance Comparison
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Returns By Period
In the year-to-date period, FIQWX achieves a 13.50% return, which is significantly higher than QBDSX's -0.25% return.
FIQWX
- 1D
- 0.41%
- 1M
- -0.50%
- 6M
- 9.20%
- YTD
- 13.50%
- 1Y
- 21.58%
- 3Y*
- 12.45%
- 5Y*
- 7.55%
- 10Y*
- —
- ALL TIME*
- 9.74%
QBDSX
- 1D
- 0.00%
- 1M
- 0.13%
- 6M
- -0.88%
- YTD
- -0.25%
- 1Y
- 0.15%
- 3Y*
- 2.24%
- 5Y*
- 0.70%
- 10Y*
- 0.52%
- ALL TIME*
- 0.75%
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 |
FIQWX vs. QBDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIQWX Fidelity Advisor Strategic Dividend & Income Fund Class Z | 13.50% | 13.09% | 7.76% | 9.60% | -9.79% | 19.14% | 11.40% | 22.61% | -7.06% |
QBDSX Quantified Managed Income Fund | -0.25% | 5.11% | 1.02% | 2.25% | -4.09% | -0.66% | -9.22% | 10.50% | -1.74% |
Correlation
The correlation between FIQWX and QBDSX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2018 | 0.51 |
Over the past year, FIQWX and QBDSX have become more correlated (0.71) than their long-term average of 0.51, meaning their price movements have been converging.
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Return for Risk
FIQWX vs. QBDSX — Risk / Return Rank
FIQWX
QBDSX
FIQWX vs. QBDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Dividend & Income Fund Class Z (FIQWX) and Quantified Managed Income Fund (QBDSX). 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.
| FIQWX | QBDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.45 | ||
| Sortino ratioReturn per unit of downside risk | +3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.00 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | -0.03 | +3.56 |
| Martin ratioReturn relative to average drawdown | 14.70 | -0.07 | +14.76 |
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Drawdowns
FIQWX vs. QBDSX - Drawdown Comparison
The maximum FIQWX drawdown since its inception was -30.01%, which is greater than QBDSX's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for FIQWX and QBDSX.
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Drawdown Indicators
| FIQWX | QBDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.01% | -18.38% | -11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -3.09% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.51% | -3.76% | -11.75% |
Max Drawdown (5Y)Largest decline over 5 years | -17.02% | -7.40% | -9.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.38% | — |
Current DrawdownCurrent decline from peak | -0.75% | -8.29% | +7.54% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -6.86% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.43% | -0.05% |
Volatility
FIQWX vs. QBDSX - Volatility Comparison
Fidelity Advisor Strategic Dividend & Income Fund Class Z (FIQWX) has a higher volatility of 1.96% compared to Quantified Managed Income Fund (QBDSX) at 0.75%. This indicates that FIQWX's price experiences larger fluctuations and is considered to be riskier than QBDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIQWX | QBDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 0.75% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 2.38% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.40% | 3.53% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.09% | 4.31% | +6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.56% | 5.24% | +8.32% |
FIQWX vs. QBDSX - Expense Ratio Comparison
FIQWX has a 0.59% expense ratio, which is lower than QBDSX's 1.31% expense ratio.
Dividends
FIQWX vs. QBDSX - Dividend Comparison
FIQWX's dividend yield for the trailing twelve months is around 6.51%, more than QBDSX's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIQWX Fidelity Advisor Strategic Dividend & Income Fund Class Z | 6.51% | 8.05% | 1.79% | 5.83% | 4.35% | 8.55% | 5.79% | 6.81% | 6.85% | 0.00% | 0.00% | 0.00% |
QBDSX Quantified Managed Income Fund | 4.49% | 4.47% | 3.98% | 4.51% | 0.54% | 0.71% | 0.87% | 2.26% | 2.04% | 2.51% | 1.00% | 3.89% |
Frequently Asked Questions
FIQWX and QBDSX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIQWX has higher volatility (1.96%) compared to QBDSX (0.75%). In terms of maximum drawdown, FIQWX dropped -30.01% vs QBDSX's -18.38%.
FIQWX currently has the higher Sharpe Ratio (2.43 vs -0.03), 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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