FMSDX vs. FOCIX
Compare and contrast key facts about Fidelity Multi-Asset Income Fund (FMSDX) and Fairholme Focused Income Fund (FOCIX).
FMSDX is managed by Fidelity. It was launched on Sep 9, 2015. FOCIX is managed by Fairholme. It was launched on Dec 31, 2009.
Performance
FMSDX vs. FOCIX - Performance Comparison
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FMSDX vs. FOCIX - 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% |
FOCIX Fairholme Focused Income Fund | 6.93% | 6.17% | 14.67% | 12.58% | 6.00% | 6.73% | 0.99% | 7.44% | -5.15% |
Returns By Period
In the year-to-date period, FMSDX achieves a 0.32% return, which is significantly lower than FOCIX's 6.93% return.
FMSDX
- 1D
- -0.39%
- 1M
- -6.19%
- YTD
- 0.32%
- 6M
- 0.22%
- 1Y
- 16.81%
- 3Y*
- 9.80%
- 5Y*
- 5.96%
- 10Y*
- —
FOCIX
- 1D
- 0.19%
- 1M
- 1.18%
- YTD
- 6.93%
- 6M
- 6.35%
- 1Y
- 9.02%
- 3Y*
- 11.77%
- 5Y*
- 10.04%
- 10Y*
- 8.24%
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FMSDX vs. FOCIX - Expense Ratio Comparison
FMSDX has a 0.78% expense ratio, which is lower than FOCIX's 1.00% expense ratio.
Return for Risk
FMSDX vs. FOCIX — Risk / Return Rank
FMSDX
FOCIX
FMSDX vs. FOCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Income Fund (FMSDX) and Fairholme Focused Income Fund (FOCIX). 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 | FOCIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 0.98 | +0.48 |
Sortino ratioReturn per unit of downside risk | 1.99 | 1.38 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.18 | +0.88 |
Martin ratioReturn relative to average drawdown | 7.80 | 4.79 | +3.01 |
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 | FOCIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 0.98 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.04 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.80 | +0.04 |
Correlation
The correlation between FMSDX and FOCIX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FMSDX vs. FOCIX - Dividend Comparison
FMSDX's dividend yield for the trailing twelve months is around 3.53%, more than FOCIX's 1.23% 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% |
FOCIX Fairholme Focused Income Fund | 1.23% | 1.31% | 2.46% | 2.82% | 2.24% | 1.12% | 0.65% | 2.75% | 4.57% | 9.83% | 5.16% | 5.51% |
Drawdowns
FMSDX vs. FOCIX - Drawdown Comparison
The maximum FMSDX drawdown since its inception was -21.64%, which is greater than FOCIX's maximum drawdown of -18.78%. Use the drawdown chart below to compare losses from any high point for FMSDX and FOCIX.
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Drawdown Indicators
| FMSDX | FOCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -18.78% | -2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -7.45% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.12% | -12.36% | -5.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.61% | — |
Current DrawdownCurrent decline from peak | -6.47% | -0.58% | -5.89% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -4.81% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 1.84% | +0.25% |
Volatility
FMSDX vs. FOCIX - Volatility Comparison
Fidelity Multi-Asset Income Fund (FMSDX) has a higher volatility of 3.94% compared to Fairholme Focused Income Fund (FOCIX) at 2.49%. This indicates that FMSDX's price experiences larger fluctuations and is considered to be riskier than FOCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMSDX | FOCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 2.49% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.00% | 5.63% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 9.26% | +2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.75% | 9.73% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.61% | 9.18% | +1.43% |