FPCIX vs. FIWGX
FPCIX (Strategic Advisers Core Income Fund) and FIWGX (Strategic Advisers Fidelity Core Income Fund) are both mutual funds - FPCIX is a Total Bond Market fund managed by Fidelity, while FIWGX is a Intermediate Core-Plus Bond fund actively managed by Fidelity. Over the past 5 years, FPCIX returned -0.69%/yr vs -0.25%/yr for FIWGX. Their 0.96 correlation means they have historically moved very closely together. FPCIX charges 0.31%/yr vs 0.41%/yr for FIWGX.
Performance
FPCIX vs. FIWGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FPCIX achieves a -1.40% return, which is significantly lower than FIWGX's -1.03% return.
FPCIX
- 1D
- -0.33%
- 1M
- -1.53%
- 6M
- -1.29%
- YTD
- -1.40%
- 1Y
- 1.86%
- 3Y*
- 3.79%
- 5Y*
- -0.69%
- 10Y*
- 1.73%
- ALL TIME*
- 3.19%
FIWGX
- 1D
- -0.22%
- 1M
- -1.42%
- 6M
- -0.82%
- YTD
- -1.03%
- 1Y
- 1.96%
- 3Y*
- 4.02%
- 5Y*
- -0.25%
- 10Y*
- —
- ALL TIME*
- 2.46%
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 |
FPCIX vs. FIWGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FPCIX Strategic Advisers Core Income Fund | -1.40% | 7.42% | 1.71% | 5.98% | -14.76% | -0.81% | 9.39% | 9.20% | 1.84% |
FIWGX Strategic Advisers Fidelity Core Income Fund | -1.03% | 6.90% | 2.14% | 6.51% | -13.71% | -0.37% | 10.21% | 9.39% | 1.28% |
Correlation
The correlation between FPCIX and FIWGX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018 | 0.96 |
The correlation between FPCIX and FIWGX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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
FPCIX vs. FIWGX — Risk / Return Rank
FPCIX
FIWGX
FPCIX vs. FIWGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Core Income Fund (FPCIX) and Strategic Advisers Fidelity Core Income Fund (FIWGX). 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.
| FPCIX | FIWGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.10 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.90 | -0.17 |
| Martin ratioReturn relative to average drawdown | 1.89 | 2.27 | -0.38 |
Loading charts...
Drawdowns
FPCIX vs. FIWGX - Drawdown Comparison
The maximum FPCIX drawdown since its inception was -19.60%, which is greater than FIWGX's maximum drawdown of -18.42%. Use the drawdown chart below to compare losses from any high point for FPCIX and FIWGX.
Loading charts...
Drawdown Indicators
| FPCIX | FIWGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.60% | -18.42% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.52% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -5.47% | -5.20% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -19.60% | -18.42% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -19.60% | — | — |
Current DrawdownCurrent decline from peak | -3.74% | -2.20% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -4.94% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.95% | +0.13% |
Volatility
FPCIX vs. FIWGX - Volatility Comparison
Strategic Advisers Core Income Fund (FPCIX) has a higher volatility of 1.04% compared to Strategic Advisers Fidelity Core Income Fund (FIWGX) at 0.93%. This indicates that FPCIX's price experiences larger fluctuations and is considered to be riskier than FIWGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FPCIX | FIWGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.93% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 2.79% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 3.92% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 6.10% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 5.47% | -0.40% |
FPCIX vs. FIWGX - Expense Ratio Comparison
FPCIX has a 0.31% expense ratio, which is lower than FIWGX's 0.41% expense ratio.
Dividends
FPCIX vs. FIWGX - Dividend Comparison
FPCIX's dividend yield for the trailing twelve months is around 3.24%, more than FIWGX's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIWGX Strategic Advisers Fidelity Core Income Fund | 3.11% | 3.68% | 4.36% | 3.79% | 2.24% | 1.77% | 6.83% | 4.30% | 0.57% | 0.00% | 0.00% | 0.00% |
FPCIX Strategic Advisers Core Income Fund | 3.24% | 3.83% | 4.17% | 3.55% | 2.69% | 3.01% | 4.99% | 3.75% | 2.94% | 2.70% | 4.13% | 2.45% |
Frequently Asked Questions
With a correlation of 0.95, FPCIX and FIWGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FPCIX has higher volatility (1.04%) compared to FIWGX (0.93%). In terms of maximum drawdown, FPCIX dropped -19.60% vs FIWGX's -18.42%.
FIWGX currently has the higher Sharpe Ratio (0.58 vs 0.52), 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 FPCIX and FIWGX
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