FSRAX vs. BERIX

Last updated Jun 24, 2026

FSRAX (Fidelity Advisor Strategic Real Return Fund Class A) and BERIX (Chartwell Income Fund) are both Diversified Portfolio funds. Over the past 10 years, FSRAX returned 5.26%/yr vs 4.82%/yr for BERIX. A 0.59 correlation means they provide meaningful diversification when combined. FSRAX charges 0.95%/yr vs 0.64%/yr for BERIX.

Performance

FSRAX vs. BERIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Strategic Real Return Fund Class A (FSRAX) and Chartwell Income Fund (BERIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSRAX achieves a 6.51% return, which is significantly higher than BERIX's 2.36% return. Over the past 10 years, FSRAX has outperformed BERIX with an annualized return of 5.26%, while BERIX has yielded a comparatively lower 4.82% annualized return.

FSRAX

• 1D: 0.00%
• 1M: -1.68%
• YTD: 6.51%
• 6M: 6.26%
• 1Y: 12.50%
• 3Y*: 9.02%
• 5Y*: 5.68%
• 10Y*: 5.26%

BERIX

• 1D: 0.00%
• 1M: -1.92%
• YTD: 2.36%
• 6M: 2.34%
• 1Y: 10.06%
• 3Y*: 9.00%
• 5Y*: 4.21%
• 10Y*: 4.82%

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

FSRAX vs. BERIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSRAX Fidelity Advisor Strategic Real Return Fund Class A	6.51%	10.09%	5.58%	4.32%	-3.58%	15.53%	3.49%	10.27%	-4.26%	3.76%
BERIX Chartwell Income Fund	2.36%	13.23%	7.20%	7.77%	-10.14%	7.35%	4.49%	9.69%	-0.81%	3.92%

Correlation

The correlation between FSRAX and BERIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 9, 2005	0.59

Over the past year, FSRAX and BERIX have become more correlated (0.81) than their long-term average of 0.59, meaning their price movements have been converging.

Return for Risk

FSRAX vs. BERIX — Risk / Return Rank

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

FSRAX

FSRAX Risk / Return Rank: 85
FSRAX Sharpe Ratio Rank: 83
FSRAX Sortino Ratio Rank: 80
FSRAX Omega Ratio Rank: 79
FSRAX Calmar Ratio Rank: 92
FSRAX Martin Ratio Rank: 93

BERIX

BERIX Risk / Return Rank: 57
BERIX Sharpe Ratio Rank: 53
BERIX Sortino Ratio Rank: 44
BERIX Omega Ratio Rank: 60
BERIX Calmar Ratio Rank: 68
BERIX Martin Ratio Rank: 61

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.

FSRAX vs. BERIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Real Return Fund Class A (FSRAX) and Chartwell Income Fund (BERIX). 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.

	FSRAX	BERIX	Difference
Sharpe ratio: Return per unit of total volatility	2.51	1.99	+0.52
Sortino ratio: Return per unit of downside risk	3.47	2.58	+0.89
Omega ratio: Gain probability vs. loss probability	1.48	1.39	+0.08
Calmar ratio: Return relative to maximum drawdown	4.54	3.03	+1.51
Martin ratio: Return relative to average drawdown	18.05	11.37	+6.68

FSRAX vs. BERIX - Sharpe Ratio Comparison

The current FSRAX Sharpe Ratio is 2.51, which is comparable to the BERIX Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of FSRAX and BERIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FSRAX vs. BERIX - Drawdown Comparison

The maximum FSRAX drawdown since its inception was -33.52%, which is greater than BERIX's maximum drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for FSRAX and BERIX.

Drawdown Indicators

	FSRAX	BERIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.52%	-20.34%	-13.18%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-3.36%	+0.65%
Max Drawdown (3Y) Largest decline over 3 years	-5.78%	-5.82%	+0.04%
Max Drawdown (5Y) Largest decline over 5 years	-12.89%	-15.73%	+2.84%
Max Drawdown (10Y) Largest decline over 10 years	-20.00%	-20.34%	+0.34%
Current Drawdown Current decline from peak	-2.71%	-3.36%	+0.65%
Average Drawdown Average peak-to-trough decline	-4.36%	-2.59%	-1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	0.89%	-0.21%

Volatility

FSRAX vs. BERIX - Volatility Comparison

The current volatility for Fidelity Advisor Strategic Real Return Fund Class A (FSRAX) is 1.41%, while Chartwell Income Fund (BERIX) has a volatility of 1.58%. This indicates that FSRAX experiences smaller price fluctuations and is considered to be less risky than BERIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSRAX	BERIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.41%	1.58%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	3.88%	4.44%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	4.91%	5.12%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.93%	5.98%	+0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.79%	6.03%	+0.76%

FSRAX vs. BERIX - Expense Ratio Comparison

FSRAX has a 0.95% expense ratio, which is higher than BERIX's 0.64% expense ratio.

Dividends

FSRAX vs. BERIX - Dividend Comparison

FSRAX's dividend yield for the trailing twelve months is around 3.99%, less than BERIX's 4.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BERIX Chartwell Income Fund	4.15%	3.97%	3.90%	3.36%	3.54%	2.58%	3.07%	3.03%	5.83%	5.22%	2.76%	2.45%
FSRAX Fidelity Advisor Strategic Real Return Fund Class A	3.99%	4.45%	4.56%	5.04%	7.08%	5.16%	2.02%	2.83%	9.13%	2.30%	2.08%	1.44%

Frequently Asked Questions

Can I hold both FSRAX and BERIX in my portfolio?

FSRAX and BERIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSRAX or BERIX?

BERIX has higher volatility (1.58%) compared to FSRAX (1.41%). In terms of maximum drawdown, FSRAX dropped -33.52% vs BERIX's -20.34%.

Which has better risk-adjusted returns?

FSRAX currently has the higher Sharpe Ratio (2.51 vs 1.99), 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.