FSIAX vs. VOO
Compare and contrast key facts about Fidelity Advisor Strategic Income Fund Class M (FSIAX) and Vanguard S&P 500 ETF (VOO).
FSIAX is managed by Fidelity. It was launched on Oct 31, 1994. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSIAX or VOO.
Key characteristics
| FSIAX | VOO | |
|---|---|---|
| YTD Return | 6.85% | 20.99% |
| 1Y Return | 12.65% | 31.67% |
| 3Y Return (Ann) | 1.01% | 11.17% |
| 5Y Return (Ann) | 3.09% | 15.70% |
| 10Y Return (Ann) | 3.39% | 13.16% |
| Sharpe Ratio | 3.20 | 2.39 |
| Daily Std Dev | 4.39% | 12.74% |
| Max Drawdown | -17.80% | -33.99% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FSIAX and VOO is 0.38, 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. VOO - Performance Comparison
In the year-to-date period, FSIAX achieves a 6.85% return, which is significantly lower than VOO's 20.99% return. Over the past 10 years, FSIAX has underperformed VOO with an annualized return of 3.39%, while VOO has yielded a comparatively higher 13.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSIAX vs. VOO - Expense Ratio Comparison
FSIAX has a 0.96% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
FSIAX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class M (FSIAX) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
FSIAX vs. VOO - Dividend Comparison
FSIAX's dividend yield for the trailing twelve months is around 4.04%, more than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSIAX Fidelity Advisor Strategic Income Fund Class M | 4.04% | 4.04% | 3.51% | 4.37% | 4.32% | 4.05% | 3.48% | 3.70% | 3.23% | 3.46% | 5.08% | 4.94% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
FSIAX vs. VOO - Drawdown Comparison
The maximum FSIAX drawdown since its inception was -17.80%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for FSIAX and VOO. For additional features, visit the drawdowns tool.
Volatility
FSIAX vs. VOO - Volatility Comparison
The current volatility for Fidelity Advisor Strategic Income Fund Class M (FSIAX) is 0.78%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.18%. This indicates that FSIAX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.