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
Loading graphics...
FMSDX vs. DFQTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 0.32% | 14.10% | 9.95% | 11.75% | -13.67% | 17.27% | 14.56% | 23.14% | -0.91% |
DFQTX DFA US Core Equity 2 Portfolio I | -4.02% | 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 0.32% return, which is significantly higher than DFQTX's -4.02% return.
FMSDX
- 1D
- -0.39%
- 1M
- -6.19%
- YTD
- 0.32%
- 6M
- 0.22%
- 1Y
- 16.81%
- 3Y*
- 9.80%
- 5Y*
- 5.96%
- 10Y*
- —
DFQTX
- 1D
- -0.54%
- 1M
- -7.31%
- YTD
- -4.02%
- 6M
- -1.55%
- 1Y
- 16.25%
- 3Y*
- 15.75%
- 5Y*
- 10.23%
- 10Y*
- 12.61%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | 1.46 | 0.95 | +0.51 |
Sortino ratioReturn per unit of downside risk | 1.99 | 1.45 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.22 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.00 | +1.06 |
Martin ratioReturn relative to average drawdown | 7.80 | 4.74 | +3.07 |
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
| FMSDX | DFQTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 0.95 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.61 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.47 | +0.37 |
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 3.53%, more than DFQTX's 1.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 3.53% | 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 | 1.12% | 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.
Loading graphics...
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 | -6.47% | -8.47% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -7.84% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.79% | -0.70% |
Volatility
FMSDX vs. DFQTX - Volatility Comparison
The current volatility for Fidelity Multi-Asset Income Fund (FMSDX) is 3.94%, while DFA US Core Equity 2 Portfolio I (DFQTX) has a volatility of 4.27%. 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.
Loading graphics...
Volatility by Period
| FMSDX | DFQTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 4.27% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 8.67% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 18.07% | -6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.75% | 17.00% | -7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.61% | 18.25% | -7.64% |