FSMSX vs. FMSDX
Compare and contrast key facts about FS Multi-Strategy Alternatives Fund (FSMSX) and Fidelity Multi-Asset Income Fund (FMSDX).
FSMSX is managed by FS Investments. It was launched on May 15, 2017. FMSDX is managed by Fidelity. It was launched on Sep 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSMSX or FMSDX.
Correlation
The correlation between FSMSX and FMSDX 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
FSMSX vs. FMSDX - Performance Comparison
Key characteristics
FSMSX:
0.21
FMSDX:
0.39
FSMSX:
0.32
FMSDX:
0.65
FSMSX:
1.05
FMSDX:
1.09
FSMSX:
0.27
FMSDX:
0.36
FSMSX:
0.71
FMSDX:
1.30
FSMSX:
1.07%
FMSDX:
3.67%
FSMSX:
3.33%
FMSDX:
11.34%
FSMSX:
-9.41%
FMSDX:
-21.64%
FSMSX:
-1.60%
FMSDX:
-5.46%
Returns By Period
In the year-to-date period, FSMSX achieves a -0.63% return, which is significantly higher than FMSDX's -0.85% return.
FSMSX
-0.63%
0.27%
0.06%
0.68%
5.40%
N/A
FMSDX
-0.85%
4.37%
-2.71%
4.47%
8.62%
N/A
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FSMSX vs. FMSDX - Expense Ratio Comparison
FSMSX has a 1.89% expense ratio, which is higher than FMSDX's 0.78% expense ratio.
Risk-Adjusted Performance
FSMSX vs. FMSDX — Risk-Adjusted Performance Rank
FSMSX
FMSDX
FSMSX vs. FMSDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FS Multi-Strategy Alternatives Fund (FSMSX) and Fidelity Multi-Asset Income Fund (FMSDX). 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
FSMSX vs. FMSDX - Dividend Comparison
FSMSX's dividend yield for the trailing twelve months is around 2.34%, less than FMSDX's 3.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
FSMSX FS Multi-Strategy Alternatives Fund | 2.34% | 2.32% | 3.57% | 2.97% | 3.22% | 0.77% | 2.20% | 0.00% |
FMSDX Fidelity Multi-Asset Income Fund | 3.93% | 3.85% | 4.23% | 4.71% | 3.22% | 3.40% | 2.82% | 3.70% |
Drawdowns
FSMSX vs. FMSDX - Drawdown Comparison
The maximum FSMSX drawdown since its inception was -9.41%, smaller than the maximum FMSDX drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for FSMSX and FMSDX. For additional features, visit the drawdowns tool.
Volatility
FSMSX vs. FMSDX - Volatility Comparison
The current volatility for FS Multi-Strategy Alternatives Fund (FSMSX) is 1.33%, while Fidelity Multi-Asset Income Fund (FMSDX) has a volatility of 4.04%. This indicates that FSMSX experiences smaller price fluctuations and is considered to be less risky than FMSDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.