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FSIAX vs. FFFFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FSIAXFFFFX
YTD Return6.58%16.78%
1Y Return12.42%28.34%
3Y Return (Ann)0.28%-0.97%
5Y Return (Ann)2.23%4.99%
10Y Return (Ann)2.84%4.60%
Sharpe Ratio3.212.61
Sortino Ratio5.203.68
Omega Ratio1.691.48
Calmar Ratio1.271.14
Martin Ratio20.0616.89
Ulcer Index0.64%1.68%
Daily Std Dev4.01%10.87%
Max Drawdown-17.80%-53.24%
Current Drawdown-0.71%-2.88%

Correlation

-0.50.00.51.00.3

The correlation between FSIAX and FFFFX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

FSIAX vs. FFFFX - Performance Comparison

In the year-to-date period, FSIAX achieves a 6.58% return, which is significantly lower than FFFFX's 16.78% return. Over the past 10 years, FSIAX has underperformed FFFFX with an annualized return of 2.84%, while FFFFX has yielded a comparatively higher 4.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-2.00%0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.01%
8.98%
FSIAX
FFFFX

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FSIAX vs. FFFFX - Expense Ratio Comparison

FSIAX has a 0.96% expense ratio, which is higher than FFFFX's 0.75% expense ratio.


FSIAX
Fidelity Advisor Strategic Income Fund Class M
Expense ratio chart for FSIAX: current value at 0.96% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.96%
Expense ratio chart for FFFFX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

Risk-Adjusted Performance

FSIAX vs. FFFFX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class M (FSIAX) and Fidelity Freedom 2040 Fund (FFFFX). 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.


FSIAX
Sharpe ratio
The chart of Sharpe ratio for FSIAX, currently valued at 3.21, compared to the broader market0.002.004.003.21
Sortino ratio
The chart of Sortino ratio for FSIAX, currently valued at 5.20, compared to the broader market0.005.0010.005.20
Omega ratio
The chart of Omega ratio for FSIAX, currently valued at 1.69, compared to the broader market1.002.003.004.001.69
Calmar ratio
The chart of Calmar ratio for FSIAX, currently valued at 1.27, compared to the broader market0.005.0010.0015.0020.0025.001.27
Martin ratio
The chart of Martin ratio for FSIAX, currently valued at 20.06, compared to the broader market0.0020.0040.0060.0080.00100.0020.06
FFFFX
Sharpe ratio
The chart of Sharpe ratio for FFFFX, currently valued at 2.58, compared to the broader market0.002.004.002.58
Sortino ratio
The chart of Sortino ratio for FFFFX, currently valued at 3.64, compared to the broader market0.005.0010.003.64
Omega ratio
The chart of Omega ratio for FFFFX, currently valued at 1.48, compared to the broader market1.002.003.004.001.48
Calmar ratio
The chart of Calmar ratio for FFFFX, currently valued at 1.25, compared to the broader market0.005.0010.0015.0020.0025.001.25
Martin ratio
The chart of Martin ratio for FFFFX, currently valued at 16.66, compared to the broader market0.0020.0040.0060.0080.00100.0016.66

FSIAX vs. FFFFX - Sharpe Ratio Comparison

The current FSIAX Sharpe Ratio is 3.21, which is comparable to the FFFFX Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of FSIAX and FFFFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.21
2.58
FSIAX
FFFFX

Dividends

FSIAX vs. FFFFX - Dividend Comparison

FSIAX's dividend yield for the trailing twelve months is around 4.05%, more than FFFFX's 1.13% yield.


TTM20232022202120202019201820172016201520142013
FSIAX
Fidelity Advisor Strategic Income Fund Class M
4.05%4.05%3.37%2.44%3.06%3.18%3.39%2.88%3.23%3.46%5.08%4.94%
FFFFX
Fidelity Freedom 2040 Fund
1.13%1.32%2.11%2.27%1.06%1.50%1.68%1.12%1.44%4.38%9.27%6.23%

Drawdowns

FSIAX vs. FFFFX - Drawdown Comparison

The maximum FSIAX drawdown since its inception was -17.80%, smaller than the maximum FFFFX drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for FSIAX and FFFFX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.71%
-2.88%
FSIAX
FFFFX

Volatility

FSIAX vs. FFFFX - Volatility Comparison

The current volatility for Fidelity Advisor Strategic Income Fund Class M (FSIAX) is 0.88%, while Fidelity Freedom 2040 Fund (FFFFX) has a volatility of 2.93%. This indicates that FSIAX experiences smaller price fluctuations and is considered to be less risky than FFFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
0.88%
2.93%
FSIAX
FFFFX