FMSDX vs. DFQTX
Compare and contrast key facts about Fidelity Multi-Asset Income Fund (FMSDX) and DFA US Core Equity 2 Portfolio I (DFQTX).
FMSDX is managed by Fidelity. It was launched on Sep 9, 2015. DFQTX is managed by Dimensional.
Performance
FMSDX vs. DFQTX - Performance Comparison
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FMSDX vs. DFQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 1.82% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
DFQTX DFA US Core Equity 2 Portfolio I | -1.39% | 15.99% | 20.27% | 21.88% | -14.21% | 28.46% | 15.72% | 29.41% | -12.21% |
Returns By Period
In the year-to-date period, FMSDX achieves a 1.82% return, which is significantly higher than DFQTX's -1.39% return.
FMSDX
- 1D
- 1.49%
- 1M
- -5.08%
- YTD
- 1.82%
- 6M
- 1.32%
- 1Y
- 17.87%
- 3Y*
- 10.34%
- 5Y*
- 6.05%
- 10Y*
- —
DFQTX
- 1D
- 2.74%
- 1M
- -5.00%
- YTD
- -1.39%
- 6M
- 0.96%
- 1Y
- 18.95%
- 3Y*
- 16.80%
- 5Y*
- 10.55%
- 10Y*
- 12.92%
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FMSDX vs. DFQTX - Expense Ratio Comparison
FMSDX has a 0.78% expense ratio, which is higher than DFQTX's 0.19% expense ratio.
Return for Risk
FMSDX vs. DFQTX — Risk / Return Rank
FMSDX
DFQTX
FMSDX vs. DFQTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Income Fund (FMSDX) and DFA US Core Equity 2 Portfolio I (DFQTX). 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.
| FMSDX | DFQTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.08 | +0.48 |
Sortino ratioReturn per unit of downside risk | 2.13 | 1.63 | +0.50 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.35 | +1.03 |
Martin ratioReturn relative to average drawdown | 8.94 | 6.35 | +2.59 |
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
| FMSDX | DFQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.08 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.62 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.48 | +0.38 |
Correlation
The correlation between FMSDX and DFQTX is 0.84, 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
FMSDX vs. DFQTX - Dividend Comparison
FMSDX's dividend yield for the trailing twelve months is around 3.48%, more than DFQTX's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 3.48% | 3.81% | 3.84% | 4.23% | 3.74% | 2.81% | 1.79% | 2.82% | 4.36% | 0.00% | 0.00% | 0.00% |
DFQTX DFA US Core Equity 2 Portfolio I | 1.09% | 1.06% | 1.15% | 1.74% | 4.43% | 4.74% | 1.29% | 3.50% | 2.84% | 1.97% | 1.80% | 3.78% |
Drawdowns
FMSDX vs. DFQTX - Drawdown Comparison
The maximum FMSDX drawdown since its inception was -21.64%, smaller than the maximum DFQTX drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for FMSDX and DFQTX.
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Drawdown Indicators
| FMSDX | DFQTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -59.35% | +37.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -12.73% | +4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -22.64% | +4.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.21% | — |
Current DrawdownCurrent decline from peak | -5.08% | -5.96% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -7.84% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.73% | -0.61% |
Volatility
FMSDX vs. DFQTX - Volatility Comparison
The current volatility for Fidelity Multi-Asset Income Fund (FMSDX) is 4.29%, while DFA US Core Equity 2 Portfolio I (DFQTX) has a volatility of 5.24%. This indicates that FMSDX experiences smaller price fluctuations and is considered to be less risky than DFQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMSDX | DFQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 5.24% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 9.06% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 18.23% | -6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.77% | 17.04% | -7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.62% | 18.27% | -7.65% |