FMSCX vs. VUBFX
Compare and contrast key facts about Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) and Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX).
FMSCX is managed by Fidelity. It was launched on Mar 3, 1997. VUBFX is managed by Vanguard. It was launched on Feb 24, 2015.
Performance
FMSCX vs. VUBFX - Performance Comparison
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FMSCX vs. VUBFX - 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% |
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 0.59% | 5.04% | 5.99% | 5.43% | -0.53% | 0.03% | 1.95% | 3.34% | 1.94% | 1.23% |
Returns By Period
In the year-to-date period, FMSCX achieves a -0.13% return, which is significantly lower than VUBFX's 0.59% return. Over the past 10 years, FMSCX has underperformed VUBFX with an annualized return of 1.11%, while VUBFX has yielded a comparatively higher 2.56% 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%
VUBFX
- 1D
- 0.10%
- 1M
- -0.06%
- YTD
- 0.59%
- 6M
- 1.72%
- 1Y
- 4.31%
- 3Y*
- 5.24%
- 5Y*
- 3.26%
- 10Y*
- 2.56%
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FMSCX vs. VUBFX - Expense Ratio Comparison
FMSCX has a 0.51% expense ratio, which is higher than VUBFX's 0.20% expense ratio.
Return for Risk
FMSCX vs. VUBFX — Risk / Return Rank
FMSCX
VUBFX
FMSCX vs. VUBFX - 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 Ultra-Short-Term Bond Fund Investor Shares (VUBFX). 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 | VUBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 5.20 | -4.05 |
Sortino ratioReturn per unit of downside risk | 1.64 | 10.21 | -8.57 |
Omega ratioGain probability vs. loss probability | 1.21 | 3.61 | -2.40 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 14.81 | -12.85 |
Martin ratioReturn relative to average drawdown | 5.53 | 67.09 | -61.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FMSCX | VUBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 5.20 | -4.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 3.34 | -3.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 3.07 | -2.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 3.06 | -2.22 |
Correlation
The correlation between FMSCX and VUBFX is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FMSCX vs. VUBFX - Dividend Comparison
FMSCX's dividend yield for the trailing twelve months is around 3.48%, less than VUBFX's 4.12% 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% |
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 4.12% | 4.62% | 5.42% | 4.06% | 1.28% | 0.43% | 1.52% | 2.58% | 2.13% | 1.43% | 0.98% | 0.00% |
Drawdowns
FMSCX vs. VUBFX - Drawdown Comparison
The maximum FMSCX drawdown since its inception was -18.90%, which is greater than VUBFX's maximum drawdown of -1.86%. Use the drawdown chart below to compare losses from any high point for FMSCX and VUBFX.
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Drawdown Indicators
| FMSCX | VUBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.90% | -1.86% | -17.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.02% | -0.30% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -1.86% | -16.81% |
Max Drawdown (10Y)Largest decline over 10 years | -18.90% | -1.86% | -17.04% |
Current DrawdownCurrent decline from peak | -2.35% | -0.10% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -0.17% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.07% | +1.00% |
Volatility
FMSCX vs. VUBFX - Volatility Comparison
Fidelity Advisor Mortgage Securities Fund Class I (FMSCX) has a higher volatility of 1.58% compared to Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) at 0.34%. This indicates that FMSCX's price experiences larger fluctuations and is considered to be riskier than VUBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMSCX | VUBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 0.34% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 0.55% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 0.84% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.76% | 0.98% | +5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 0.84% | +4.26% |