FRIAX vs. FSIDX
FRIAX (Franklin Income Fund Advisor Class) and FSIDX (Fidelity Advisor Strategic Dividend & Income Fund Class I) are both Diversified Portfolio funds. Over the past 10 years, FRIAX returned 7.29%/yr vs 9.47%/yr for FSIDX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. FRIAX charges 0.46%/yr vs 0.72%/yr for FSIDX.
Performance
FRIAX vs. FSIDX - Performance Comparison
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Returns By Period
In the year-to-date period, FRIAX achieves a 5.78% return, which is significantly lower than FSIDX's 14.02% return. Over the past 10 years, FRIAX has underperformed FSIDX with an annualized return of 7.29%, while FSIDX has yielded a comparatively higher 9.47% annualized return.
FRIAX
- 1D
- 0.40%
- 1M
- 0.00%
- 6M
- 2.79%
- YTD
- 5.78%
- 1Y
- 12.15%
- 3Y*
- 9.55%
- 5Y*
- 6.50%
- 10Y*
- 7.29%
- ALL TIME*
- 7.31%
FSIDX
- 1D
- 0.41%
- 1M
- -0.02%
- 6M
- 9.70%
- YTD
- 14.02%
- 1Y
- 22.07%
- 3Y*
- 13.83%
- 5Y*
- 8.28%
- 10Y*
- 9.47%
- ALL TIME*
- 8.39%
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 |
FRIAX vs. FSIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRIAX Franklin Income Fund Advisor Class | 5.78% | 12.02% | 7.29% | 8.84% | -5.36% | 17.51% | 3.72% | 16.02% | -5.23% | 8.63% |
FSIDX Fidelity Advisor Strategic Dividend & Income Fund Class I | 14.02% | 12.99% | 11.46% | 9.45% | -9.90% | 18.98% | 11.25% | 22.47% | -4.43% | 11.26% |
Correlation
The correlation between FRIAX and FSIDX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2003 | 0.75 |
The correlation between FRIAX and FSIDX has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.
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Return for Risk
FRIAX vs. FSIDX — Risk / Return Rank
FRIAX
FSIDX
FRIAX vs. FSIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Income Fund Advisor Class (FRIAX) and Fidelity Advisor Strategic Dividend & Income Fund Class I (FSIDX). 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.
| FRIAX | FSIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.46 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.61 | +0.24 |
| Martin ratioReturn relative to average drawdown | 14.58 | 15.24 | -0.66 |
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Drawdowns
FRIAX vs. FSIDX - Drawdown Comparison
The maximum FRIAX drawdown since its inception was -43.23%, smaller than the maximum FSIDX drawdown of -58.94%. Use the drawdown chart below to compare losses from any high point for FRIAX and FSIDX.
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Drawdown Indicators
| FRIAX | FSIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.23% | -58.94% | +15.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -5.78% | +2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -7.08% | -12.55% | +5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -13.63% | -17.10% | +3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -24.10% | -30.01% | +5.91% |
Current DrawdownCurrent decline from peak | 0.00% | -0.45% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -6.29% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.37% | -0.56% |
Volatility
FRIAX vs. FSIDX - Volatility Comparison
The current volatility for Franklin Income Fund Advisor Class (FRIAX) is 1.51%, while Fidelity Advisor Strategic Dividend & Income Fund Class I (FSIDX) has a volatility of 1.90%. This indicates that FRIAX experiences smaller price fluctuations and is considered to be less risky than FSIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRIAX | FSIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.90% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 6.55% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.03% | 8.41% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.91% | 10.98% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.20% | 12.40% | -3.20% |
FRIAX vs. FSIDX - Expense Ratio Comparison
FRIAX has a 0.46% expense ratio, which is lower than FSIDX's 0.72% expense ratio.
Dividends
FRIAX vs. FSIDX - Dividend Comparison
FRIAX's dividend yield for the trailing twelve months is around 5.72%, less than FSIDX's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRIAX Franklin Income Fund Advisor Class | 5.28% | 5.75% | 5.74% | 5.67% | 5.24% | 6.70% | 5.37% | 5.25% | 5.80% | 5.20% | 4.92% | 5.93% |
FSIDX Fidelity Advisor Strategic Dividend & Income Fund Class I | 6.91% | 7.95% | 5.25% | 5.70% | 4.22% | 8.42% | 5.67% | 6.69% | 8.18% | 6.59% | 4.92% | 6.37% |
Frequently Asked Questions
FRIAX and FSIDX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSIDX has higher volatility (1.90%) compared to FRIAX (1.51%). In terms of maximum drawdown, FRIAX dropped -43.23% vs FSIDX's -58.94%.
FSIDX currently has the higher Sharpe Ratio (2.48 vs 2.36), 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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