FPCIX vs. FNSOX
Compare and contrast key facts about Strategic Advisers Core Income Fund (FPCIX) and Fidelity Short-Term Bond Index Fund (FNSOX).
FPCIX is managed by Fidelity. FNSOX is managed by Fidelity. It was launched on Oct 18, 2017.
Performance
FPCIX vs. FNSOX - Performance Comparison
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FPCIX vs. FNSOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPCIX Strategic Advisers Core Income Fund | -1.19% | 7.42% | 1.71% | 5.98% | -14.76% | -0.81% | 9.39% | 9.20% | -0.33% | 0.37% |
FNSOX Fidelity Short-Term Bond Index Fund | -0.22% | 6.01% | 3.90% | 4.90% | -5.76% | -1.25% | 4.28% | 4.95% | 1.14% | -0.22% |
Returns By Period
In the year-to-date period, FPCIX achieves a -1.19% return, which is significantly lower than FNSOX's -0.22% return.
FPCIX
- 1D
- 0.44%
- 1M
- -2.35%
- YTD
- -1.19%
- 6M
- -0.29%
- 1Y
- 3.09%
- 3Y*
- 3.48%
- 5Y*
- 0.01%
- 10Y*
- 2.06%
FNSOX
- 1D
- 0.20%
- 1M
- -1.18%
- YTD
- -0.22%
- 6M
- 0.91%
- 1Y
- 3.69%
- 3Y*
- 4.22%
- 5Y*
- 1.56%
- 10Y*
- —
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FPCIX vs. FNSOX - Expense Ratio Comparison
FPCIX has a 0.31% expense ratio, which is higher than FNSOX's 0.03% expense ratio.
Return for Risk
FPCIX vs. FNSOX — Risk / Return Rank
FPCIX
FNSOX
FPCIX vs. FNSOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Core Income Fund (FPCIX) and Fidelity Short-Term Bond Index Fund (FNSOX). 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.
| FPCIX | FNSOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.82 | -0.81 |
Sortino ratioReturn per unit of downside risk | 1.46 | 2.83 | -1.37 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.86 | -1.20 |
Martin ratioReturn relative to average drawdown | 5.11 | 10.76 | -5.65 |
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
| FPCIX | FNSOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.82 | -0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.55 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.83 | -0.10 |
Correlation
The correlation between FPCIX and FNSOX is 0.79, 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
FPCIX vs. FNSOX - Dividend Comparison
FPCIX's dividend yield for the trailing twelve months is around 2.84%, less than FNSOX's 3.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPCIX Strategic Advisers Core Income Fund | 2.84% | 3.83% | 4.17% | 3.55% | 2.69% | 3.01% | 4.99% | 3.75% | 2.94% | 2.70% | 4.13% | 2.45% |
FNSOX Fidelity Short-Term Bond Index Fund | 3.15% | 3.22% | 2.80% | 1.74% | 0.81% | 0.80% | 1.54% | 2.61% | 2.04% | 0.34% | 0.00% | 0.00% |
Drawdowns
FPCIX vs. FNSOX - Drawdown Comparison
The maximum FPCIX drawdown since its inception was -19.60%, which is greater than FNSOX's maximum drawdown of -8.92%. Use the drawdown chart below to compare losses from any high point for FPCIX and FNSOX.
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Drawdown Indicators
| FPCIX | FNSOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.60% | -8.92% | -10.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -1.47% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -19.60% | -8.77% | -10.83% |
Max Drawdown (10Y)Largest decline over 10 years | -19.60% | — | — |
Current DrawdownCurrent decline from peak | -3.53% | -1.18% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -1.75% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.39% | +0.63% |
Volatility
FPCIX vs. FNSOX - Volatility Comparison
Strategic Advisers Core Income Fund (FPCIX) has a higher volatility of 1.44% compared to Fidelity Short-Term Bond Index Fund (FNSOX) at 0.78%. This indicates that FPCIX's price experiences larger fluctuations and is considered to be riskier than FNSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPCIX | FNSOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 0.78% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 1.37% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 2.21% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 2.86% | +3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 2.48% | +2.55% |