FSIAX vs. VUSFX
FSIAX (Fidelity Advisor Strategic Income Fund Class M) and VUSFX (Vanguard Ultra-Short-Term Bond Fund Admiral Shares) are both Total Bond Market funds. Over the past 10 years, FSIAX returned 4.08%/yr vs 2.71%/yr for VUSFX. At a 0.35 correlation, their price movements are largely independent. FSIAX charges 0.96%/yr vs 0.10%/yr for VUSFX.
Performance
FSIAX vs. VUSFX - Performance Comparison
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Returns By Period
In the year-to-date period, FSIAX achieves a 3.28% return, which is significantly higher than VUSFX's 1.52% return. Over the past 10 years, FSIAX has outperformed VUSFX with an annualized return of 4.08%, while VUSFX has yielded a comparatively lower 2.71% annualized return.
FSIAX
- 1D
- -0.08%
- 1M
- 1.24%
- YTD
- 3.28%
- 6M
- 3.57%
- 1Y
- 8.93%
- 3Y*
- 7.49%
- 5Y*
- 2.73%
- 10Y*
- 4.08%
VUSFX
- 1D
- 0.05%
- 1M
- 0.26%
- YTD
- 1.52%
- 6M
- 1.62%
- 1Y
- 4.31%
- 3Y*
- 5.41%
- 5Y*
- 3.52%
- 10Y*
- 2.71%
FSIAX vs. VUSFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSIAX Fidelity Advisor Strategic Income Fund Class M | 3.28% | 8.59% | 5.03% | 8.83% | -12.06% | 3.22% | 7.30% | 10.76% | -2.93% | 7.54% |
VUSFX Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 1.52% | 5.11% | 6.11% | 5.53% | -0.38% | 0.08% | 2.10% | 3.39% | 2.10% | 1.37% |
Correlation
The correlation between FSIAX and VUSFX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.35 |
The correlation between FSIAX and VUSFX shifts across timeframes, from 0.35 (all time) to 0.50 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FSIAX vs. VUSFX — Risk / Return Rank
FSIAX
VUSFX
FSIAX vs. VUSFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class M (FSIAX) and Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX). 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.
| FSIAX | VUSFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.73 | ||
| Sortino ratioReturn per unit of downside risk | -10.24 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 4.29 | -2.77 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 17.57 | -14.09 |
| Martin ratioReturn relative to average drawdown | 14.83 | 102.22 | -87.40 |
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Drawdowns
FSIAX vs. VUSFX - Drawdown Comparison
The maximum FSIAX drawdown since its inception was -17.81%, which is greater than VUSFX's maximum drawdown of -1.71%. Use the drawdown chart below to compare losses from any high point for FSIAX and VUSFX.
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Drawdown Indicators
| FSIAX | VUSFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -1.71% | -16.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -0.25% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -4.13% | -0.35% | -3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -16.19% | -1.71% | -14.48% |
Max Drawdown (10Y)Largest decline over 10 years | -16.19% | -1.71% | -14.48% |
Current DrawdownCurrent decline from peak | -0.08% | -0.05% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -0.15% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 0.04% | +0.58% |
Volatility
FSIAX vs. VUSFX - Volatility Comparison
Fidelity Advisor Strategic Income Fund Class M (FSIAX) has a higher volatility of 1.36% compared to Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX) at 0.19%. This indicates that FSIAX's price experiences larger fluctuations and is considered to be riskier than VUSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSIAX | VUSFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 0.19% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.12% | 0.43% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 0.61% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.54% | 0.81% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.46% | 0.68% | +3.78% |
FSIAX vs. VUSFX - Expense Ratio Comparison
FSIAX has a 0.96% expense ratio, which is higher than VUSFX's 0.10% expense ratio.
Dividends
FSIAX vs. VUSFX - Dividend Comparison
FSIAX's dividend yield for the trailing twelve months is around 4.01%, less than VUSFX's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSIAX Fidelity Advisor Strategic Income Fund Class M | 4.01% | 4.06% | 3.21% | 3.71% | 2.71% | 4.01% | 4.32% | 4.07% | 3.51% | 3.70% | 3.49% | 3.18% |
VUSFX Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 4.53% | 4.73% | 5.52% | 4.15% | 1.38% | 0.53% | 1.62% | 2.68% | 2.23% | 1.52% | 1.07% | 0.00% |
Frequently Asked Questions
FSIAX and VUSFX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSIAX has higher volatility (1.36%) compared to VUSFX (0.19%). In terms of maximum drawdown, FSIAX dropped -17.81% vs VUSFX's -1.71%.
VUSFX currently has the higher Sharpe Ratio (7.24 vs 2.52), 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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