FKIQX vs. FASDX

Last updated Aug 1, 2026

FKIQX (Franklin Income Fund Class A) and FASDX (Fidelity Advisor Strategic Dividend & Income Fund Class A) are both Diversified Portfolio funds. Over the past 5 years, FKIQX returned 6.28%/yr vs 8.01%/yr for FASDX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. FKIQX charges 0.71%/yr vs 0.97%/yr for FASDX.

Performance

FKIQX vs. FASDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Income Fund Class A (FKIQX) and Fidelity Advisor Strategic Dividend & Income Fund Class A (FASDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FKIQX achieves a 5.59% return, which is significantly lower than FASDX's 13.85% return.

FKIQX

• 1D: 0.39%
• 1M: 0.00%
• 6M: 2.65%
• YTD: 5.59%
• 1Y: 11.83%
• 3Y*: 9.08%
• 5Y*: 6.28%
• 10Y*: —
• ALL TIME*: 6.96%

FASDX

• 1D: 0.46%
• 1M: -0.03%
• 6M: 9.57%
• YTD: 13.85%
• 1Y: 21.79%
• 3Y*: 13.55%
• 5Y*: 8.01%
• 10Y*: 9.21%
• ALL TIME*: 8.16%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FASDX Fidelity Advisor Strategic Dividend & Income Fund Class A	$0.00	$0.00	$0.00
FKIQX Franklin Income Fund Class A	$0.00	$0.00	$0.00

FKIQX vs. FASDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FKIQX Franklin Income Fund Class A	5.59%	11.66%	7.04%	8.57%	-5.59%	17.58%	3.46%	15.69%	-6.59%
FASDX Fidelity Advisor Strategic Dividend & Income Fund Class A	13.85%	12.72%	11.19%	9.15%	-10.11%	18.65%	11.00%	22.17%	-7.82%

Correlation

The correlation between FKIQX and FASDX is 0.67, 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.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018	0.78

The correlation between FKIQX and FASDX shifts across timeframes, from 0.67 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FKIQX vs. FASDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FKIQX

FKIQX Risk / Return Rank: 92
FKIQX Sharpe Ratio Rank: 92
FKIQX Sortino Ratio Rank: 92
FKIQX Omega Ratio Rank: 92
FKIQX Calmar Ratio Rank: 93
FKIQX Martin Ratio Rank: 94

FASDX

FASDX Risk / Return Rank: 91
FASDX Sharpe Ratio Rank: 93
FASDX Sortino Ratio Rank: 91
FASDX Omega Ratio Rank: 88
FASDX Calmar Ratio Rank: 91
FASDX Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FKIQX vs. FASDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Income Fund Class A (FKIQX) and Fidelity Advisor Strategic Dividend & Income Fund Class A (FASDX). 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.

	FKIQX	FASDX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.46	-0.13
Sortino ratio: Return per unit of downside risk	3.51	3.47	+0.04
Omega ratio: Gain probability vs. loss probability	1.53	1.46	+0.07
Calmar ratio: Return relative to maximum drawdown	3.74	3.54	+0.21
Martin ratio: Return relative to average drawdown	14.61	14.95	-0.34

FKIQX vs. FASDX - Sharpe Ratio Comparison

The current FKIQX Sharpe Ratio is 2.33, which is comparable to the FASDX Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of FKIQX and FASDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FKIQX vs. FASDX - Drawdown Comparison

The maximum FKIQX drawdown since its inception was -25.31%, smaller than the maximum FASDX drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for FKIQX and FASDX.

Drawdown Indicators

	FKIQX	FASDX	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-59.09%	+33.78%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-5.81%	+2.75%
Max Drawdown (3Y) Largest decline over 3 years	-7.47%	-12.62%	+5.15%
Max Drawdown (5Y) Largest decline over 5 years	-13.70%	-17.27%	+3.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.01%	—
Current Drawdown Current decline from peak	0.00%	-0.46%	+0.46%
Average Drawdown Average peak-to-trough decline	-2.84%	-6.46%	+3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	1.38%	-0.60%

Volatility

FKIQX vs. FASDX - Volatility Comparison

The current volatility for Franklin Income Fund Class A (FKIQX) is 1.50%, while Fidelity Advisor Strategic Dividend & Income Fund Class A (FASDX) has a volatility of 1.91%. This indicates that FKIQX experiences smaller price fluctuations and is considered to be less risky than FASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FKIQX	FASDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	1.91%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	3.67%	6.52%	-2.85%
Volatility (1Y) Calculated over the trailing 1-year period	4.93%	8.38%	-3.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.78%	10.95%	-3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.04%	12.39%	-2.35%

FKIQX vs. FASDX - Expense Ratio Comparison

FKIQX has a 0.71% expense ratio, which is lower than FASDX's 0.97% expense ratio.

Dividends

FKIQX vs. FASDX - Dividend Comparison

FKIQX's dividend yield for the trailing twelve months is around 5.46%, less than FASDX's 6.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FASDX Fidelity Advisor Strategic Dividend & Income Fund Class A	6.73%	7.75%	5.04%	5.48%	3.98%	8.22%	5.45%	6.46%	7.92%	6.39%	4.68%	6.13%
FKIQX Franklin Income Fund Class A	5.04%	5.08%	5.52%	5.45%	5.35%	6.40%	5.14%	5.03%	1.38%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FKIQX and FASDX in my portfolio?

FKIQX and FASDX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FKIQX or FASDX?

FASDX has higher volatility (1.91%) compared to FKIQX (1.50%). In terms of maximum drawdown, FKIQX dropped -25.31% vs FASDX's -59.09%.

Which has better risk-adjusted returns?

FASDX currently has the higher Sharpe Ratio (2.46 vs 2.33), 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.