FSIRX vs. VWIAX

Last updated Jun 5, 2026

FSIRX (Fidelity Advisor Strategic Real Return Fund Class I) and VWIAX (Vanguard Wellesley Income Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 10 years, FSIRX returned 5.75%/yr vs 5.85%/yr for VWIAX. A 0.59 correlation means they provide meaningful diversification when combined. FSIRX charges 0.70%/yr vs 0.16%/yr for VWIAX.

Performance

FSIRX vs. VWIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Strategic Real Return Fund Class I (FSIRX) and Vanguard Wellesley Income Fund Admiral Shares (VWIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSIRX achieves a 8.63% return, which is significantly higher than VWIAX's 3.28% return. Both investments have delivered pretty close results over the past 10 years, with FSIRX having a 5.75% annualized return and VWIAX not far ahead at 5.85%.

FSIRX

• 1D: -0.10%
• 1M: -0.21%
• YTD: 8.63%
• 6M: 8.87%
• 1Y: 16.32%
• 3Y*: 10.11%
• 5Y*: 6.22%
• 10Y*: 5.75%

VWIAX

• 1D: -0.30%
• 1M: 0.64%
• YTD: 3.28%
• 6M: 3.41%
• 1Y: 10.74%
• 3Y*: 8.83%
• 5Y*: 4.07%
• 10Y*: 5.85%

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

FSIRX vs. VWIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSIRX Fidelity Advisor Strategic Real Return Fund Class I	8.63%	10.38%	5.83%	4.58%	-3.34%	15.89%	3.72%	10.55%	-3.99%	4.10%
VWIAX Vanguard Wellesley Income Fund Admiral Shares	3.28%	11.08%	5.92%	7.07%	-9.04%	8.55%	8.52%	16.47%	-2.49%	9.37%

Correlation

The correlation between FSIRX and VWIAX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Sep 12, 2005	0.59

The correlation between FSIRX and VWIAX shifts across timeframes, from 0.48 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FSIRX vs. VWIAX — Risk / Return Rank

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

FSIRX

FSIRX Risk / Return Rank: 96
FSIRX Sharpe Ratio Rank: 96
FSIRX Sortino Ratio Rank: 94
FSIRX Omega Ratio Rank: 92
FSIRX Calmar Ratio Rank: 98
FSIRX Martin Ratio Rank: 98

VWIAX

VWIAX Risk / Return Rank: 52
VWIAX Sharpe Ratio Rank: 53
VWIAX Sortino Ratio Rank: 55
VWIAX Omega Ratio Rank: 52
VWIAX Calmar Ratio Rank: 49
VWIAX Martin Ratio Rank: 49

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.

FSIRX vs. VWIAX - 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 Vanguard Wellesley Income Fund Admiral Shares (VWIAX). 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.

	FSIRX	VWIAX	Difference
Sharpe ratio: Return per unit of total volatility	3.52	2.17	+1.34
Sortino ratio: Return per unit of downside risk	4.92	3.14	+1.78
Omega ratio: Gain probability vs. loss probability	1.70	1.40	+0.30
Calmar ratio: Return relative to maximum drawdown	8.11	2.68	+5.43
Martin ratio: Return relative to average drawdown	31.78	10.10	+21.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSIRX vs. VWIAX - Sharpe Ratio Comparison

The current FSIRX Sharpe Ratio is 3.52, which is higher than the VWIAX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of FSIRX and VWIAX, 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

	FSIRX	VWIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.52	2.17	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.59	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.85	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.93	-0.33

Drawdowns

FSIRX vs. VWIAX - Drawdown Comparison

The maximum FSIRX drawdown since its inception was -33.39%, which is greater than VWIAX's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for FSIRX and VWIAX.

Drawdown Indicators

	FSIRX	VWIAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.39%	-21.64%	-11.75%
Max Drawdown (1Y) Largest decline over 1 year	-2.05%	-4.15%	+2.10%
Max Drawdown (3Y) Largest decline over 3 years	-5.81%	-6.96%	+1.15%
Max Drawdown (5Y) Largest decline over 5 years	-12.82%	-15.26%	+2.44%
Max Drawdown (10Y) Largest decline over 10 years	-19.98%	-17.41%	-2.57%
Current Drawdown Current decline from peak	-0.83%	-0.30%	-0.53%
Average Drawdown Average peak-to-trough decline	-4.17%	-2.22%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.52%	1.10%	-0.58%

Volatility

FSIRX vs. VWIAX - Volatility Comparison

The current volatility for Fidelity Advisor Strategic Real Return Fund Class I (FSIRX) is 1.31%, while Vanguard Wellesley Income Fund Admiral Shares (VWIAX) has a volatility of 1.62%. This indicates that FSIRX experiences smaller price fluctuations and is considered to be less risky than VWIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSIRX	VWIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	1.62%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	3.77%	3.86%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	4.74%	5.13%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.92%	6.97%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.74%	6.92%	-0.18%

FSIRX vs. VWIAX - Expense Ratio Comparison

FSIRX has a 0.70% expense ratio, which is higher than VWIAX's 0.16% expense ratio.

Dividends

FSIRX vs. VWIAX - Dividend Comparison

FSIRX's dividend yield for the trailing twelve months is around 4.19%, less than VWIAX's 7.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSIRX Fidelity Advisor Strategic Real Return Fund Class I	4.19%	4.72%	4.80%	5.28%	7.33%	5.37%	2.23%	3.09%	9.42%	2.63%	2.37%	1.75%
VWIAX Vanguard Wellesley Income Fund Admiral Shares	7.78%	7.93%	6.69%	4.80%	7.75%	6.11%	4.37%	4.00%	7.64%	3.25%	4.07%	5.66%

Frequently Asked Questions

Can I hold both FSIRX and VWIAX in my portfolio?

FSIRX and VWIAX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSIRX or VWIAX?

VWIAX has higher volatility (1.62%) compared to FSIRX (1.31%). In terms of maximum drawdown, FSIRX dropped -33.39% vs VWIAX's -21.64%.

Which has better risk-adjusted returns?

FSIRX currently has the higher Sharpe Ratio (3.52 vs 2.17), 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.