FSRCX vs. VBMPX
FSRCX (Fidelity Advisor Strategic Income Fund Class C) and VBMPX (Vanguard Total Bond Market Index Fund Institutional Plus Shares) are both Total Bond Market funds. Over the past 10 years, FSRCX returned 3.34%/yr vs 1.50%/yr for VBMPX. A 0.52 correlation means they provide meaningful diversification when combined. FSRCX charges 1.72%/yr vs 0.03%/yr for VBMPX.
Performance
FSRCX vs. VBMPX - Performance Comparison
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Returns By Period
In the year-to-date period, FSRCX achieves a 2.88% return, which is significantly higher than VBMPX's 0.12% return. Over the past 10 years, FSRCX has outperformed VBMPX with an annualized return of 3.34%, while VBMPX has yielded a comparatively lower 1.50% annualized return.
FSRCX
- 1D
- -0.08%
- 1M
- 1.18%
- YTD
- 2.88%
- 6M
- 3.19%
- 1Y
- 8.04%
- 3Y*
- 6.77%
- 5Y*
- 2.03%
- 10Y*
- 3.34%
VBMPX
- 1D
- -0.31%
- 1M
- 0.66%
- YTD
- 0.12%
- 6M
- 0.45%
- 1Y
- 4.16%
- 3Y*
- 3.95%
- 5Y*
- 0.04%
- 10Y*
- 1.50%
FSRCX vs. VBMPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSRCX Fidelity Advisor Strategic Income Fund Class C | 2.88% | 7.88% | 4.38% | 7.98% | -12.53% | 2.56% | 6.41% | 9.95% | -3.81% | 7.01% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 0.12% | 7.18% | 1.27% | 5.75% | -13.14% | -1.95% | 7.75% | 8.74% | -0.24% | 3.58% |
Correlation
The correlation between FSRCX and VBMPX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2010 | 0.52 |
The correlation between FSRCX and VBMPX shifts across timeframes, from 0.52 (all time) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FSRCX vs. VBMPX — Risk / Return Rank
FSRCX
VBMPX
FSRCX vs. VBMPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class C (FSRCX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX). 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 | VBMPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.20 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 1.52 | +1.62 |
| Martin ratioReturn relative to average drawdown | 13.28 | 4.31 | +8.98 |
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Drawdowns
FSRCX vs. VBMPX - Drawdown Comparison
The maximum FSRCX drawdown since its inception was -18.16%, roughly equal to the maximum VBMPX drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for FSRCX and VBMPX.
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Drawdown Indicators
| FSRCX | VBMPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.16% | -18.90% | +0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.89% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -4.24% | -5.99% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | -18.12% | +1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -16.69% | -18.90% | +2.21% |
Current DrawdownCurrent decline from peak | -0.08% | -2.54% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -3.53% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 1.02% | -0.39% |
Volatility
FSRCX vs. VBMPX - Volatility Comparison
Fidelity Advisor Strategic Income Fund Class C (FSRCX) has a higher volatility of 1.35% compared to Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) at 1.17%. This indicates that FSRCX's price experiences larger fluctuations and is considered to be riskier than VBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSRCX | VBMPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 1.17% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 2.88% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 3.92% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 6.02% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 4.99% | -0.58% |
FSRCX vs. VBMPX - Expense Ratio Comparison
FSRCX has a 1.72% expense ratio, which is higher than VBMPX's 0.03% expense ratio.
Dividends
FSRCX vs. VBMPX - Dividend Comparison
FSRCX's dividend yield for the trailing twelve months is around 3.27%, less than VBMPX's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRCX Fidelity Advisor Strategic Income Fund Class C | 3.27% | 3.32% | 2.59% | 3.03% | 2.08% | 3.36% | 3.59% | 3.33% | 2.50% | 3.20% | 2.69% | 2.46% |
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares | 4.01% | 3.88% | 3.69% | 3.11% | 2.61% | 1.81% | 2.41% | 2.75% | 2.58% | 2.58% | 2.55% | 2.85% |
Frequently Asked Questions
FSRCX and VBMPX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSRCX has higher volatility (1.35%) compared to VBMPX (1.17%). In terms of maximum drawdown, FSRCX dropped -18.16% vs VBMPX's -18.90%.
FSRCX currently has the higher Sharpe Ratio (2.29 vs 1.12), 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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