FIWGX vs. FFXSX
FIWGX (Strategic Advisers Fidelity Core Income Fund) and FFXSX (Fidelity Limited Term Government Fund) are both mutual funds - FIWGX is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while FFXSX is a Government Bonds fund managed by Fidelity. Over the past 5 years, FIWGX returned -0.25%/yr vs 0.90%/yr for FFXSX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. FIWGX charges 0.41%/yr vs 0.45%/yr for FFXSX.
Performance
FIWGX vs. FFXSX - Performance Comparison
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Returns By Period
In the year-to-date period, FIWGX achieves a -1.03% return, which is significantly lower than FFXSX's 0.09% return.
FIWGX
- 1D
- -0.22%
- 1M
- -1.42%
- 6M
- -0.82%
- YTD
- -1.03%
- 1Y
- 1.96%
- 3Y*
- 4.02%
- 5Y*
- -0.25%
- 10Y*
- —
- ALL TIME*
- 2.46%
FFXSX
- 1D
- 0.00%
- 1M
- -0.31%
- 6M
- 0.03%
- YTD
- 0.09%
- 1Y
- 1.98%
- 3Y*
- 3.82%
- 5Y*
- 0.90%
- 10Y*
- 1.21%
- ALL TIME*
- 4.05%
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 |
FIWGX vs. FFXSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIWGX Strategic Advisers Fidelity Core Income Fund | -1.03% | 6.90% | 2.14% | 6.51% | -13.71% | -0.37% | 10.21% | 9.39% | 1.28% |
FFXSX Fidelity Limited Term Government Fund | 0.09% | 5.65% | 2.61% | 4.13% | -6.37% | -1.54% | 3.86% | 3.77% | 1.62% |
Correlation
The correlation between FIWGX and FFXSX is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018 | 0.79 |
The correlation between FIWGX and FFXSX has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
FIWGX vs. FFXSX — Risk / Return Rank
FIWGX
FFXSX
FIWGX vs. FFXSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity Core Income Fund (FIWGX) and Fidelity Limited Term Government Fund (FFXSX). 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.
| FIWGX | FFXSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.24 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.76 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.27 | 4.82 | -2.55 |
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Drawdowns
FIWGX vs. FFXSX - Drawdown Comparison
The maximum FIWGX drawdown since its inception was -18.42%, which is greater than FFXSX's maximum drawdown of -9.78%. Use the drawdown chart below to compare losses from any high point for FIWGX and FFXSX.
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Drawdown Indicators
| FIWGX | FFXSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.42% | -9.78% | -8.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.52% | -1.43% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -1.62% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.42% | -9.02% | -9.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.78% | — |
Current DrawdownCurrent decline from peak | -2.20% | -0.81% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -0.87% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.52% | +0.43% |
Volatility
FIWGX vs. FFXSX - Volatility Comparison
Strategic Advisers Fidelity Core Income Fund (FIWGX) has a higher volatility of 0.93% compared to Fidelity Limited Term Government Fund (FFXSX) at 0.51%. This indicates that FIWGX's price experiences larger fluctuations and is considered to be riskier than FFXSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIWGX | FFXSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 0.51% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 1.65% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.92% | 2.09% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.10% | 3.06% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 2.44% | +3.03% |
FIWGX vs. FFXSX - Expense Ratio Comparison
FIWGX has a 0.41% expense ratio, which is lower than FFXSX's 0.45% expense ratio.
Dividends
FIWGX vs. FFXSX - Dividend Comparison
FIWGX's dividend yield for the trailing twelve months is around 3.11%, which matches FFXSX's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FFXSX Fidelity Limited Term Government Fund | 3.13% | 3.30% | 2.47% | 2.21% | 0.72% | 0.42% | 1.23% | 1.88% | 1.35% | 1.18% | 1.20% | 0.85% |
FIWGX Strategic Advisers Fidelity Core Income Fund | 3.11% | 3.68% | 4.36% | 3.79% | 2.24% | 1.77% | 6.83% | 4.30% | 0.57% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FIWGX and FFXSX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIWGX has higher volatility (0.93%) compared to FFXSX (0.51%). In terms of maximum drawdown, FIWGX dropped -18.42% vs FFXSX's -9.78%.
FFXSX currently has the higher Sharpe Ratio (1.21 vs 0.58), 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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