FSIRX vs. FCSRX
FSIRX (Fidelity Advisor Strategic Real Return Fund Class I) and FCSRX (Fidelity Advisor Strategic Real Return Fund Class C) are both Diversified Portfolio funds from Fidelity. Over the past 10 years, FSIRX returned 5.47%/yr vs 4.42%/yr for FCSRX. Their 0.98 correlation means they have historically moved very closely together. FSIRX charges 0.70%/yr vs 1.70%/yr for FCSRX.
Performance
FSIRX vs. FCSRX - Performance Comparison
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Returns By Period
In the year-to-date period, FSIRX achieves a 7.04% return, which is significantly higher than FCSRX's 6.55% return. Over the past 10 years, FSIRX has outperformed FCSRX with an annualized return of 5.47%, while FCSRX has yielded a comparatively lower 4.42% annualized return.
FSIRX
- 1D
- 0.00%
- 1M
- 0.75%
- 6M
- 3.41%
- YTD
- 7.04%
- 1Y
- 13.22%
- 3Y*
- 8.16%
- 5Y*
- 5.54%
- 10Y*
- 5.47%
- ALL TIME*
- 4.08%
FCSRX
- 1D
- 0.00%
- 1M
- 0.77%
- 6M
- 2.98%
- YTD
- 6.55%
- 1Y
- 12.24%
- 3Y*
- 7.14%
- 5Y*
- 4.52%
- 10Y*
- 4.42%
- ALL TIME*
- 2.96%
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 |
FSIRX vs. FCSRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSIRX Fidelity Advisor Strategic Real Return Fund Class I | 7.04% | 10.38% | 5.83% | 4.58% | -3.34% | 15.89% | 3.72% | 10.55% | -3.99% | 4.10% |
FCSRX Fidelity Advisor Strategic Real Return Fund Class C | 6.55% | 9.27% | 4.75% | 3.60% | -4.26% | 14.68% | 2.60% | 9.54% | -5.03% | 3.02% |
Correlation
The correlation between FSIRX and FCSRX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2005 | 0.98 |
The correlation between FSIRX and FCSRX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
FSIRX vs. FCSRX — Risk / Return Rank
FSIRX
FCSRX
FSIRX vs. FCSRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Real Return Fund Class I (FSIRX) and Fidelity Advisor Strategic Real Return Fund Class C (FCSRX). 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.
| FSIRX | FCSRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.47 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 3.36 | +0.25 |
| Martin ratioReturn relative to average drawdown | 11.63 | 10.54 | +1.09 |
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Drawdowns
FSIRX vs. FCSRX - Drawdown Comparison
The maximum FSIRX drawdown since its inception was -33.39%, roughly equal to the maximum FCSRX drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for FSIRX and FCSRX.
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Drawdown Indicators
| FSIRX | FCSRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.39% | -33.91% | +0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -3.50% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.81% | -5.85% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -12.82% | -13.22% | +0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -19.98% | -20.02% | +0.04% |
Current DrawdownCurrent decline from peak | -2.28% | -2.33% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -5.07% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.11% | -0.02% |
Volatility
FSIRX vs. FCSRX - Volatility Comparison
Fidelity Advisor Strategic Real Return Fund Class I (FSIRX) has a higher volatility of 1.75% compared to Fidelity Advisor Strategic Real Return Fund Class C (FCSRX) at 1.62%. This indicates that FSIRX's price experiences larger fluctuations and is considered to be riskier than FCSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSIRX | FCSRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.62% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.98% | 3.78% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 4.88% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 6.90% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.75% | 6.71% | +0.04% |
FSIRX vs. FCSRX - Expense Ratio Comparison
FSIRX has a 0.70% expense ratio, which is lower than FCSRX's 1.70% expense ratio.
Dividends
FSIRX vs. FCSRX - Dividend Comparison
FSIRX's dividend yield for the trailing twelve months is around 3.23%, more than FCSRX's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCSRX Fidelity Advisor Strategic Real Return Fund Class C | 2.54% | 3.74% | 3.86% | 4.35% | 6.51% | 4.53% | 1.32% | 2.20% | 8.51% | 1.58% | 1.34% | 0.66% |
FSIRX Fidelity Advisor Strategic Real Return Fund Class I | 3.23% | 4.72% | 4.80% | 5.28% | 7.33% | 5.37% | 2.23% | 3.09% | 9.42% | 2.63% | 2.37% | 1.75% |
Frequently Asked Questions
With a correlation of 0.97, FSIRX and FCSRX 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.
FSIRX has higher volatility (1.75%) compared to FCSRX (1.62%). In terms of maximum drawdown, FSIRX dropped -33.39% vs FCSRX's -33.91%.
FSIRX currently has the higher Sharpe Ratio (2.54 vs 2.44), 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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