FMSCX vs. VBMPX
Compare and contrast key facts about Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX).
FMSCX is managed by Fidelity. It was launched on Mar 3, 1997. VBMPX is managed by Vanguard. It was launched on Feb 5, 2010.
Performance
FMSCX vs. VBMPX - Performance Comparison
Loading graphics...
FMSCX vs. VBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMSCX Fidelity Advisor Mortgage Securities Fund Class I | -0.13% | 8.25% | 0.29% | 4.54% | -12.63% | -1.17% | 4.27% | 6.17% | 0.74% | 2.30% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | -0.49% | 7.18% | 1.27% | 5.75% | -13.14% | -1.95% | 7.75% | 8.74% | -0.24% | 3.58% |
Returns By Period
In the year-to-date period, FMSCX achieves a -0.13% return, which is significantly higher than VBMPX's -0.49% return. Over the past 10 years, FMSCX has underperformed VBMPX with an annualized return of 1.11%, while VBMPX has yielded a comparatively higher 1.60% annualized return.
FMSCX
- 1D
- 0.51%
- 1M
- -2.17%
- YTD
- -0.13%
- 6M
- 1.31%
- 1Y
- 4.83%
- 3Y*
- 3.44%
- 5Y*
- -0.20%
- 10Y*
- 1.11%
VBMPX
- 1D
- 0.52%
- 1M
- -2.23%
- YTD
- -0.49%
- 6M
- 0.50%
- 1Y
- 3.78%
- 3Y*
- 3.46%
- 5Y*
- 0.25%
- 10Y*
- 1.60%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FMSCX vs. VBMPX - Expense Ratio Comparison
FMSCX has a 0.51% expense ratio, which is higher than VBMPX's 0.03% expense ratio.
Return for Risk
FMSCX vs. VBMPX — Risk / Return Rank
FMSCX
VBMPX
FMSCX vs. VBMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX). 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.
| FMSCX | VBMPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 1.00 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.45 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.79 | +0.17 |
Martin ratioReturn relative to average drawdown | 5.53 | 5.11 | +0.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FMSCX | VBMPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.00 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.04 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.32 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.51 | +0.33 |
Correlation
The correlation between FMSCX and VBMPX is 0.87, 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.
Dividends
FMSCX vs. VBMPX - Dividend Comparison
FMSCX's dividend yield for the trailing twelve months is around 3.48%, less than VBMPX's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSCX Fidelity Advisor Mortgage Securities Fund Class I | 3.48% | 3.78% | 3.42% | 3.18% | 1.37% | 0.75% | 2.26% | 2.37% | 2.53% | 2.55% | 2.60% | 2.00% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 3.63% | 3.88% | 3.69% | 3.11% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.58% | 2.55% | 2.85% |
Drawdowns
FMSCX vs. VBMPX - Drawdown Comparison
The maximum FMSCX drawdown since its inception was -18.90%, roughly equal to the maximum VBMPX drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for FMSCX and VBMPX.
Loading graphics...
Drawdown Indicators
| FMSCX | VBMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.90% | -18.90% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -2.73% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -18.12% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -18.90% | -18.90% | 0.00% |
Current DrawdownCurrent decline from peak | -2.35% | -3.13% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -3.54% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.96% | +0.11% |
Volatility
FMSCX vs. VBMPX - Volatility Comparison
Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) have volatilities of 1.58% and 1.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FMSCX | VBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 1.55% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 2.59% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 4.37% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.76% | 5.99% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 4.97% | +0.13% |