FPIOX vs. VYM
FPIOX (Strategic Advisers Income Opportunities Fund) and VYM (Vanguard High Dividend Yield ETF) are both funds - FPIOX is a High Yield Bonds fund managed by Fidelity, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Over the past 10 years, FPIOX returned 4.96%/yr vs 11.71%/yr for VYM. Their 0.45 correlation means their historical movements had little consistent relationship. FPIOX charges 0.49%/yr vs 0.04%/yr for VYM.
Performance
FPIOX vs. VYM - Performance Comparison
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Returns By Period
In the year-to-date period, FPIOX achieves a 0.79% return, which is significantly lower than VYM's 14.21% return. Over the past 10 years, FPIOX has underperformed VYM with an annualized return of 4.96%, while VYM has yielded a comparatively higher 11.71% annualized return.
FPIOX
- 1D
- 0.23%
- 1M
- -0.89%
- 6M
- 0.57%
- YTD
- 0.79%
- 1Y
- 3.94%
- 3Y*
- 7.30%
- 5Y*
- 3.37%
- 10Y*
- 4.96%
- ALL TIME*
- 5.26%
VYM
- 1D
- 0.00%
- 1M
- 1.56%
- 6M
- 9.31%
- YTD
- 14.21%
- 1Y
- 24.90%
- 3Y*
- 16.96%
- 5Y*
- 12.20%
- 10Y*
- 11.71%
- ALL TIME*
- 9.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $195.34M | $198.02M | $200.78M |
FPIOX vs. VYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPIOX Strategic Advisers Income Opportunities Fund | 0.79% | 8.47% | 7.89% | 11.85% | -11.84% | 5.35% | 5.64% | 14.77% | -3.53% | 8.21% |
VYM Vanguard High Dividend Yield ETF | 14.21% | 15.42% | 17.60% | 6.57% | -0.43% | 26.20% | 1.15% | 24.06% | -5.92% | 16.42% |
Correlation
The correlation between FPIOX and VYM is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2007 | 0.45 |
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Return for Risk
FPIOX vs. VYM — Risk / Return Rank
FPIOX
VYM
FPIOX vs. VYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategic Advisers Income Opportunities Fund (FPIOX) and Vanguard High Dividend Yield ETF (VYM). 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.
| FPIOX | VYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.43 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 3.56 | -1.61 |
| Martin ratioReturn relative to average drawdown | 8.66 | 13.40 | -4.74 |
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Drawdowns
FPIOX vs. VYM - Drawdown Comparison
The maximum FPIOX drawdown since its inception was -36.95%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for FPIOX and VYM.
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Drawdown Indicators
| FPIOX | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -56.98% | +20.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -6.69% | +4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -14.46% | +10.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.14% | -15.84% | +0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -21.77% | -35.21% | +13.44% |
Current DrawdownCurrent decline from peak | -1.11% | -1.15% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -3.62% | -7.14% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 1.78% | -1.22% |
Volatility
FPIOX vs. VYM - Volatility Comparison
The current volatility for Strategic Advisers Income Opportunities Fund (FPIOX) is 0.66%, while Vanguard High Dividend Yield ETF (VYM) has a volatility of 2.46%. This indicates that FPIOX experiences smaller price fluctuations and is considered to be less risky than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPIOX | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 2.46% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 7.42% | -4.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 10.29% | -6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.11% | 13.87% | -8.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.50% | 16.29% | -10.79% |
FPIOX vs. VYM - Expense Ratio Comparison
FPIOX has a 0.49% expense ratio, which is higher than VYM's 0.04% expense ratio.
Dividends
FPIOX vs. VYM - Dividend Comparison
FPIOX's dividend yield for the trailing twelve months is around 4.47%, more than VYM's 2.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPIOX Strategic Advisers Income Opportunities Fund | 4.47% | 5.34% | 5.81% | 5.52% | 4.34% | 4.70% | 5.20% | 5.53% | 5.48% | 5.02% | 5.88% | 6.58% |
VYM Vanguard High Dividend Yield ETF | 2.24% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
Frequently Asked Questions
FPIOX and VYM have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VYM has higher volatility (2.46%) compared to FPIOX (0.66%). In terms of maximum drawdown, FPIOX dropped -36.95% vs VYM's -56.98%.
VYM currently has the higher Sharpe Ratio (2.34 vs 1.49), 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.
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