FSRCX vs. FGBPX
FSRCX (Fidelity Advisor Strategic Income Fund Class C) and FGBPX (Fidelity Advisor Investment Grade Bond Fund Class I) are both Total Bond Market funds from Fidelity. Over the past 10 years, FSRCX returned 2.89%/yr vs 1.73%/yr for FGBPX. Their 0.53 correlation means they have sometimes moved together and sometimes differently. FSRCX charges 1.72%/yr vs 0.49%/yr for FGBPX.
Performance
FSRCX vs. FGBPX - Performance Comparison
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Returns By Period
In the year-to-date period, FSRCX achieves a 1.23% return, which is significantly higher than FGBPX's -0.62% return. Over the past 10 years, FSRCX has outperformed FGBPX with an annualized return of 2.89%, while FGBPX has yielded a comparatively lower 1.73% annualized return.
FSRCX
- 1D
- 0.34%
- 1M
- -1.25%
- 6M
- 0.65%
- YTD
- 1.23%
- 1Y
- 4.45%
- 3Y*
- 5.72%
- 5Y*
- 1.50%
- 10Y*
- 2.89%
- ALL TIME*
- 4.71%
FGBPX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -0.79%
- YTD
- -0.62%
- 1Y
- 1.57%
- 3Y*
- 3.48%
- 5Y*
- -0.61%
- 10Y*
- 1.73%
- ALL TIME*
- 2.18%
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 |
FSRCX vs. FGBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSRCX Fidelity Advisor Strategic Income Fund Class C | 1.23% | 7.88% | 4.38% | 7.98% | -12.53% | 2.56% | 6.41% | 9.95% | -3.81% | 7.01% |
FGBPX Fidelity Advisor Investment Grade Bond Fund Class I | -0.62% | 7.16% | 0.89% | 6.08% | -14.07% | -1.15% | 9.99% | 9.63% | -0.39% | 3.85% |
Correlation
The correlation between FSRCX and FGBPX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 1994 | 0.53 |
The correlation between FSRCX and FGBPX shifts across timeframes, from 0.53 (all time) to 0.79 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FSRCX vs. FGBPX — Risk / Return Rank
FSRCX
FGBPX
FSRCX vs. FGBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class C (FSRCX) and Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX). 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.
| FSRCX | FGBPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 0.91 | +0.93 |
| Martin ratioReturn relative to average drawdown | 6.92 | 2.24 | +4.68 |
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Drawdowns
FSRCX vs. FGBPX - Drawdown Comparison
The maximum FSRCX drawdown since its inception was -18.16%, roughly equal to the maximum FGBPX drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for FSRCX and FGBPX.
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Drawdown Indicators
| FSRCX | FGBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.16% | -18.75% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -3.03% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -3.70% | -5.05% | +1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | -18.66% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -16.69% | -18.75% | +2.06% |
Current DrawdownCurrent decline from peak | -1.74% | -3.23% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -4.79% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.23% | -0.52% |
Volatility
FSRCX vs. FGBPX - Volatility Comparison
Fidelity Advisor Strategic Income Fund Class C (FSRCX) has a higher volatility of 1.00% compared to Fidelity Advisor Investment Grade Bond Fund Class I (FGBPX) at 0.94%. This indicates that FSRCX's price experiences larger fluctuations and is considered to be riskier than FGBPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRCX | FGBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.94% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 3.09% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.93% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.54% | 6.00% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 5.01% | -0.60% |
FSRCX vs. FGBPX - Expense Ratio Comparison
FSRCX has a 1.72% expense ratio, which is higher than FGBPX's 0.49% expense ratio.
Dividends
FSRCX vs. FGBPX - Dividend Comparison
FSRCX's dividend yield for the trailing twelve months is around 3.09%, less than FGBPX's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBPX Fidelity Advisor Investment Grade Bond Fund Class I | 3.58% | 3.83% | 3.29% | 3.19% | 1.92% | 1.32% | 4.76% | 2.71% | 2.82% | 2.12% | 2.67% | 2.61% |
FSRCX Fidelity Advisor Strategic Income Fund Class C | 3.09% | 3.32% | 2.59% | 3.03% | 2.08% | 3.36% | 3.59% | 3.33% | 2.50% | 3.20% | 2.69% | 2.46% |
Frequently Asked Questions
FSRCX and FGBPX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSRCX has higher volatility (1.00%) compared to FGBPX (0.94%). In terms of maximum drawdown, FSRCX dropped -18.16% vs FGBPX's -18.75%.
FSRCX currently has the higher Sharpe Ratio (1.31 vs 0.71), 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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