FSDIX vs. FTSDX

Last updated Jun 5, 2026

FSDIX (Fidelity Strategic Dividend & Income Fund) and FTSDX (Fidelity Advisor Strategic Dividend & Income Fund Class M) are both Diversified Portfolio funds from Fidelity. Over the past 10 years, FSDIX returned 9.18%/yr vs 9.25%/yr for FTSDX. With a 1.00 correlation, they move nearly in lockstep. FSDIX charges 0.68%/yr vs 1.22%/yr for FTSDX.

Performance

FSDIX vs. FTSDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Strategic Dividend & Income Fund (FSDIX) and Fidelity Advisor Strategic Dividend & Income Fund Class M (FTSDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FSDIX having a 12.51% return and FTSDX slightly lower at 12.20%. Both investments have delivered pretty close results over the past 10 years, with FSDIX having a 9.18% annualized return and FTSDX not far ahead at 9.25%.

FSDIX

• 1D: -0.35%
• 1M: 1.65%
• YTD: 12.51%
• 6M: 6.46%
• 1Y: 16.35%
• 3Y*: 12.75%
• 5Y*: 7.13%
• 10Y*: 9.18%

FTSDX

• 1D: -0.36%
• 1M: 1.62%
• YTD: 12.20%
• 6M: 12.61%
• 1Y: 22.74%
• 3Y*: 14.37%
• 5Y*: 7.81%
• 10Y*: 9.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSDIX vs. FTSDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSDIX Fidelity Strategic Dividend & Income Fund	12.51%	6.52%	11.52%	9.45%	-9.84%	19.03%	11.23%	22.50%	-4.33%	11.23%
FTSDX Fidelity Advisor Strategic Dividend & Income Fund Class M	12.20%	12.43%	10.90%	8.95%	-10.41%	18.43%	10.66%	21.87%	-4.88%	10.88%

Correlation

The correlation between FSDIX and FTSDX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Dec 26, 2003	1.00

The correlation between FSDIX and FTSDX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

FSDIX vs. FTSDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSDIX

FSDIX Risk / Return Rank: 36
FSDIX Sharpe Ratio Rank: 31
FSDIX Sortino Ratio Rank: 22
FSDIX Omega Ratio Rank: 40
FSDIX Calmar Ratio Rank: 46
FSDIX Martin Ratio Rank: 40

FTSDX

FTSDX Risk / Return Rank: 84
FTSDX Sharpe Ratio Rank: 85
FTSDX Sortino Ratio Rank: 82
FTSDX Omega Ratio Rank: 79
FTSDX Calmar Ratio Rank: 85
FTSDX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSDIX vs. FTSDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Dividend & Income Fund (FSDIX) and Fidelity Advisor Strategic Dividend & Income Fund Class M (FTSDX). 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.

	FSDIX	FTSDX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.75	-1.14
Sortino ratio: Return per unit of downside risk	1.97	3.88	-1.91
Omega ratio: Gain probability vs. loss probability	1.34	1.51	-0.17
Calmar ratio: Return relative to maximum drawdown	2.57	3.91	-1.34
Martin ratio: Return relative to average drawdown	8.50	16.42	-7.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSDIX vs. FTSDX - Sharpe Ratio Comparison

The current FSDIX Sharpe Ratio is 1.61, which is lower than the FTSDX Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of FSDIX and FTSDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSDIX	FTSDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	2.75	-1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.72	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.75	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.51	+0.02

Drawdowns

FSDIX vs. FTSDX - Drawdown Comparison

The maximum FSDIX drawdown since its inception was -58.92%, roughly equal to the maximum FTSDX drawdown of -59.20%. Use the drawdown chart below to compare losses from any high point for FSDIX and FTSDX.

Drawdown Indicators

	FSDIX	FTSDX	Difference
Max Drawdown Largest peak-to-trough decline	-58.92%	-59.20%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-6.38%	-5.82%	-0.56%
Max Drawdown (3Y) Largest decline over 3 years	-12.49%	-12.69%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-17.08%	-17.45%	+0.37%
Max Drawdown (10Y) Largest decline over 10 years	-29.99%	-30.03%	+0.04%
Current Drawdown Current decline from peak	-0.35%	-0.36%	+0.01%
Average Drawdown Average peak-to-trough decline	-6.36%	-6.65%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.38%	+0.54%

Volatility

FSDIX vs. FTSDX - Volatility Comparison

Fidelity Strategic Dividend & Income Fund (FSDIX) and Fidelity Advisor Strategic Dividend & Income Fund Class M (FTSDX) have volatilities of 2.36% and 2.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSDIX	FTSDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	2.29%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	6.29%	+2.53%
Volatility (1Y) Calculated over the trailing 1-year period	10.21%	8.27%	+1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.28%	10.96%	+0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.58%	12.41%	+0.17%

FSDIX vs. FTSDX - Expense Ratio Comparison

FSDIX has a 0.68% expense ratio, which is lower than FTSDX's 1.22% expense ratio.

Dividends

FSDIX vs. FTSDX - Dividend Comparison

FSDIX's dividend yield for the trailing twelve months is around 1.62%, less than FTSDX's 6.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSDIX Fidelity Strategic Dividend & Income Fund	1.62%	1.80%	5.27%	5.71%	4.23%	8.43%	5.67%	6.68%	8.19%	6.57%	4.92%	6.38%
FTSDX Fidelity Advisor Strategic Dividend & Income Fund Class M	6.69%	7.48%	4.78%	5.23%	3.71%	7.97%	5.22%	6.21%	7.64%	6.22%	4.44%	5.86%

Frequently Asked Questions

Can I hold both FSDIX and FTSDX in my portfolio?

With a correlation of 0.99, FSDIX and FTSDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FSDIX or FTSDX?

FSDIX has higher volatility (2.36%) compared to FTSDX (2.29%). In terms of maximum drawdown, FSDIX dropped -58.92% vs FTSDX's -59.20%.

Which has better risk-adjusted returns?

FTSDX currently has the higher Sharpe Ratio (2.75 vs 1.61), 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.