FNBCX vs. FADMX
FNBCX (Fidelity Advisor Limited Term Bond Fund Class C) and FADMX (Fidelity Strategic Income Fund) are both mutual funds - FNBCX is a Total Bond Market fund managed by Fidelity, while FADMX is a Multisector Bonds fund managed by Fidelity. Over the past 5 years, FNBCX returned 0.95%/yr vs 2.67%/yr for FADMX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. FNBCX charges 1.53%/yr vs 0.64%/yr for FADMX.
Performance
FNBCX vs. FADMX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNBCX achieves a -0.01% return, which is significantly lower than FADMX's 1.76% return.
FNBCX
- 1D
- 0.09%
- 1M
- -0.44%
- 6M
- -0.25%
- YTD
- -0.01%
- 1Y
- 1.83%
- 3Y*
- 3.96%
- 5Y*
- 0.95%
- 10Y*
- 1.19%
- ALL TIME*
- 2.28%
FADMX
- 1D
- 0.33%
- 1M
- -1.23%
- 6M
- 1.09%
- YTD
- 1.76%
- 1Y
- 5.50%
- 3Y*
- 7.10%
- 5Y*
- 2.67%
- 10Y*
- —
- ALL TIME*
- 3.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FNBCX vs. FADMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FNBCX Fidelity Advisor Limited Term Bond Fund Class C | -0.01% | 5.48% | 3.51% | 4.90% | -7.02% | -2.28% | 4.04% | 4.90% | 0.98% |
FADMX Fidelity Strategic Income Fund | 1.76% | 9.01% | 6.02% | 9.55% | -11.84% | 3.46% | 6.72% | 11.06% | -2.02% |
Correlation
The correlation between FNBCX and FADMX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2018 | 0.63 |
The correlation between FNBCX and FADMX shifts across timeframes, from 0.62 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FNBCX vs. FADMX — Risk / Return Rank
FNBCX
FADMX
FNBCX vs. FADMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Limited Term Bond Fund Class C (FNBCX) and Fidelity Strategic Income Fund (FADMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FNBCX | FADMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.28 | -0.73 |
| Martin ratioReturn relative to average drawdown | 4.83 | 8.72 | -3.89 |
Loading charts...
Drawdowns
FNBCX vs. FADMX - Drawdown Comparison
The maximum FNBCX drawdown since its inception was -13.02%, smaller than the maximum FADMX drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for FNBCX and FADMX.
Loading charts...
Drawdown Indicators
| FNBCX | FADMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.02% | -15.98% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.63% | -2.62% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -1.63% | -3.63% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -10.67% | -15.98% | +5.31% |
Max Drawdown (10Y)Largest decline over 10 years | -11.26% | — | — |
Current DrawdownCurrent decline from peak | -0.80% | -1.71% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -3.02% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.68% | -0.16% |
Volatility
FNBCX vs. FADMX - Volatility Comparison
The current volatility for Fidelity Advisor Limited Term Bond Fund Class C (FNBCX) is 0.52%, while Fidelity Strategic Income Fund (FADMX) has a volatility of 0.98%. This indicates that FNBCX experiences smaller price fluctuations and is considered to be less risky than FADMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNBCX | FADMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.98% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 3.23% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.05% | 3.76% | -1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.73% | 4.57% | -1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.35% | 4.76% | -2.41% |
FNBCX vs. FADMX - Expense Ratio Comparison
FNBCX has a 1.53% expense ratio, which is higher than FADMX's 0.64% expense ratio.
Dividends
FNBCX vs. FADMX - Dividend Comparison
FNBCX's dividend yield for the trailing twelve months is around 2.80%, less than FADMX's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FADMX Fidelity Strategic Income Fund | 4.04% | 4.33% | 4.16% | 4.31% | 2.91% | 4.23% | 3.82% | 4.34% | 2.74% | 0.00% | 0.00% | 0.00% |
FNBCX Fidelity Advisor Limited Term Bond Fund Class C | 2.80% | 2.87% | 1.93% | 1.20% | 0.42% | 0.33% | 1.31% | 1.35% | 1.21% | 0.70% | 0.70% | 0.59% |
Frequently Asked Questions
FNBCX and FADMX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FADMX has higher volatility (0.98%) compared to FNBCX (0.52%). In terms of maximum drawdown, FNBCX dropped -13.02% vs FADMX's -15.98%.
FADMX currently has the higher Sharpe Ratio (1.59 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FNBCX and FADMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer