FPIOX vs. FQTIX
Compare and contrast key facts about Strategic Advisers Income Opportunities Fund (FPIOX) and Franklin Templeton SMACS: Series I (FQTIX).
FPIOX is managed by Fidelity. It was launched on Sep 27, 2007. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
FPIOX vs. FQTIX - Performance Comparison
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FPIOX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FPIOX Strategic Advisers Income Opportunities Fund | -2.22% | 8.47% | 7.89% | 11.85% | -11.84% | 5.35% | 5.64% | 6.45% |
FQTIX Franklin Templeton SMACS: Series I | 0.52% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, FPIOX achieves a -2.22% return, which is significantly lower than FQTIX's 0.52% return.
FPIOX
- 1D
- -0.34%
- 1M
- -2.44%
- YTD
- -2.22%
- 6M
- -1.31%
- 1Y
- 5.22%
- 3Y*
- 7.29%
- 5Y*
- 3.37%
- 10Y*
- 5.31%
FQTIX
- 1D
- 0.25%
- 1M
- -1.83%
- YTD
- 0.52%
- 6M
- 2.66%
- 1Y
- 9.72%
- 3Y*
- 7.86%
- 5Y*
- 3.61%
- 10Y*
- —
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FPIOX vs. FQTIX - Expense Ratio Comparison
FPIOX has a 0.49% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
FPIOX vs. FQTIX — Risk / Return Rank
FPIOX
FQTIX
FPIOX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Income Opportunities Fund (FPIOX) and Franklin Templeton SMACS: Series I (FQTIX). 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.
| FPIOX | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 2.55 | -0.90 |
Sortino ratioReturn per unit of downside risk | 2.39 | 3.46 | -1.07 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.61 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 3.85 | -2.65 |
Martin ratioReturn relative to average drawdown | 5.01 | 17.15 | -12.14 |
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
| FPIOX | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.55 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.61 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.55 | +0.37 |
Correlation
The correlation between FPIOX and FQTIX is 0.74, 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
FPIOX vs. FQTIX - Dividend Comparison
FPIOX's dividend yield for the trailing twelve months is around 3.99%, less than FQTIX's 7.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPIOX Strategic Advisers Income Opportunities Fund | 3.99% | 5.34% | 5.81% | 5.52% | 4.34% | 4.70% | 5.20% | 5.53% | 5.48% | 5.02% | 5.88% | 6.58% |
FQTIX Franklin Templeton SMACS: Series I | 7.03% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FPIOX vs. FQTIX - Drawdown Comparison
The maximum FPIOX drawdown since its inception was -36.95%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for FPIOX and FQTIX.
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Drawdown Indicators
| FPIOX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -24.62% | -12.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -2.41% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -15.14% | -18.81% | +3.67% |
Max Drawdown (10Y)Largest decline over 10 years | -21.77% | — | — |
Current DrawdownCurrent decline from peak | -2.66% | -1.95% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -4.42% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.54% | +0.40% |
Volatility
FPIOX vs. FQTIX - Volatility Comparison
The current volatility for Strategic Advisers Income Opportunities Fund (FPIOX) is 1.11%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.57%. This indicates that FPIOX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPIOX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.57% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 2.38% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 3.85% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 5.92% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 7.80% | -2.28% |