FPCIX vs. SCHZ
Compare and contrast key facts about Strategic Advisers Core Income Fund (FPCIX) and Schwab U.S. Aggregate Bond ETF (SCHZ).
FPCIX is managed by Fidelity. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Bond Index. It was launched on Jul 14, 2011.
Performance
FPCIX vs. SCHZ - Performance Comparison
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FPCIX vs. SCHZ - 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% | 4.73% |
SCHZ Schwab U.S. Aggregate Bond ETF | 0.05% | 7.24% | 1.26% | 5.60% | -13.17% | -1.72% | 7.46% | 8.65% | -0.26% | 3.50% |
Returns By Period
In the year-to-date period, FPCIX achieves a -1.19% return, which is significantly lower than SCHZ's 0.05% return. Over the past 10 years, FPCIX has outperformed SCHZ with an annualized return of 2.06%, while SCHZ has yielded a comparatively lower 1.61% annualized 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%
SCHZ
- 1D
- 0.26%
- 1M
- -1.75%
- YTD
- 0.05%
- 6M
- 0.95%
- 1Y
- 4.41%
- 3Y*
- 3.57%
- 5Y*
- 0.20%
- 10Y*
- 1.61%
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FPCIX vs. SCHZ - Expense Ratio Comparison
FPCIX has a 0.31% expense ratio, which is higher than SCHZ's 0.03% expense ratio.
Return for Risk
FPCIX vs. SCHZ — Risk / Return Rank
FPCIX
SCHZ
FPCIX vs. SCHZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Core Income Fund (FPCIX) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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 | SCHZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.03 | -0.02 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.47 | 0.00 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.81 | -0.16 |
Martin ratioReturn relative to average drawdown | 5.11 | 5.21 | -0.10 |
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 | SCHZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.03 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.03 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.30 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.44 | +0.29 |
Correlation
The correlation between FPCIX and SCHZ is 0.83, 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. SCHZ - Dividend Comparison
FPCIX's dividend yield for the trailing twelve months is around 2.84%, less than SCHZ's 4.07% 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% |
SCHZ Schwab U.S. Aggregate Bond ETF | 4.07% | 4.05% | 3.96% | 3.28% | 2.63% | 2.16% | 2.43% | 2.79% | 2.56% | 2.40% | 2.24% | 2.11% |
Drawdowns
FPCIX vs. SCHZ - Drawdown Comparison
The maximum FPCIX drawdown since its inception was -19.60%, roughly equal to the maximum SCHZ drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for FPCIX and SCHZ.
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Drawdown Indicators
| FPCIX | SCHZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.60% | -18.74% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.51% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.60% | -18.01% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -19.60% | -18.74% | -0.86% |
Current DrawdownCurrent decline from peak | -3.53% | -2.71% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -3.70% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.87% | +0.15% |
Volatility
FPCIX vs. SCHZ - Volatility Comparison
The current volatility for Strategic Advisers Core Income Fund (FPCIX) is 1.44%, while Schwab U.S. Aggregate Bond ETF (SCHZ) has a volatility of 1.66%. This indicates that FPCIX experiences smaller price fluctuations and is considered to be less risky than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPCIX | SCHZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.66% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 2.49% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 4.29% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.18% | 6.07% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 5.40% | -0.37% |