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 Fund Advisors LP.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMSDX or DFQTX.
Key characteristics
| FMSDX | DFQTX | |
|---|---|---|
| YTD Return | 12.81% | 24.63% |
| 1Y Return | 20.02% | 37.85% |
| 3Y Return (Ann) | 2.67% | 9.45% |
| 5Y Return (Ann) | 9.09% | 15.21% |
| Sharpe Ratio | 2.72 | 2.92 |
| Sortino Ratio | 3.94 | 3.97 |
| Omega Ratio | 1.53 | 1.55 |
| Calmar Ratio | 2.09 | 4.59 |
| Martin Ratio | 18.27 | 18.95 |
| Ulcer Index | 1.02% | 1.99% |
| Daily Std Dev | 6.90% | 12.91% |
| Max Drawdown | -21.64% | -59.35% |
| Current Drawdown | -0.48% | -0.47% |
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.
Performance
FMSDX vs. DFQTX - Performance Comparison
In the year-to-date period, FMSDX achieves a 12.81% return, which is significantly lower than DFQTX's 24.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
FMSDX vs. DFQTX - Risk-Adjusted Performance 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.
Dividends
FMSDX vs. DFQTX - Dividend Comparison
FMSDX's dividend yield for the trailing twelve months is around 3.64%, more than DFQTX's 1.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMSDX Fidelity Multi-Asset Income Fund | 3.64% | 4.24% | 3.88% | 2.98% | 3.26% | 2.76% | 1.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFQTX DFA US Core Equity 2 Portfolio I | 1.12% | 1.34% | 1.51% | 1.10% | 1.30% | 1.39% | 1.64% | 1.58% | 1.61% | 1.73% | 1.49% | 1.31% |
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. For additional features, visit the drawdowns tool.
Volatility
FMSDX vs. DFQTX - Volatility Comparison
The current volatility for Fidelity Multi-Asset Income Fund (FMSDX) is 2.53%, while DFA US Core Equity 2 Portfolio I (DFQTX) has a volatility of 4.38%. 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.