FIWGX vs. FSRIX
Compare and contrast key facts about Strategic Advisers Fidelity Core Income Fund (FIWGX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX).
FIWGX is managed by Fidelity. It was launched on Oct 16, 2018. FSRIX is managed by Fidelity. It was launched on Jul 3, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIWGX or FSRIX.
Key characteristics
| FIWGX | FSRIX | |
|---|---|---|
| YTD Return | -0.70% | 1.95% |
| 1Y Return | 3.08% | 8.49% |
| 3Y Return (Ann) | -2.26% | 0.50% |
| 5Y Return (Ann) | 1.09% | 3.02% |
| Sharpe Ratio | 0.50 | 1.90 |
| Daily Std Dev | 6.63% | 4.51% |
| Max Drawdown | -17.83% | -17.71% |
| Current Drawdown | -9.26% | -1.49% |
Correlation
The correlation between FIWGX and FSRIX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FIWGX vs. FSRIX - Performance Comparison
In the year-to-date period, FIWGX achieves a -0.70% return, which is significantly lower than FSRIX's 1.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIWGX vs. FSRIX - Expense Ratio Comparison
FIWGX has a 0.46% expense ratio, which is lower than FSRIX's 0.71% expense ratio.
Risk-Adjusted Performance
FIWGX vs. FSRIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Fidelity Core Income Fund (FIWGX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX). 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.
Dividends
FIWGX vs. FSRIX - Dividend Comparison
FIWGX's dividend yield for the trailing twelve months is around 4.01%, less than FSRIX's 4.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIWGX Strategic Advisers Fidelity Core Income Fund | 4.01% | 3.78% | 2.98% | 2.08% | 6.66% | 4.29% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSRIX Fidelity Advisor Strategic Income Fund Class I | 4.38% | 4.28% | 3.76% | 4.59% | 4.53% | 4.58% | 3.72% | 4.17% | 3.48% | 3.68% | 5.26% | 3.76% |
Drawdowns
FIWGX vs. FSRIX - Drawdown Comparison
The maximum FIWGX drawdown since its inception was -17.83%, roughly equal to the maximum FSRIX drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for FIWGX and FSRIX. For additional features, visit the drawdowns tool.
Volatility
FIWGX vs. FSRIX - Volatility Comparison
Strategic Advisers Fidelity Core Income Fund (FIWGX) has a higher volatility of 1.37% compared to Fidelity Advisor Strategic Income Fund Class I (FSRIX) at 1.07%. This indicates that FIWGX's price experiences larger fluctuations and is considered to be riskier than FSRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.