FSRIX vs. FADMX
Compare and contrast key facts about Fidelity Advisor Strategic Income Fund Class I (FSRIX) and Fidelity Strategic Income Fund (FADMX).
FSRIX is managed by Fidelity. It was launched on Jul 3, 1995. FADMX is managed by Fidelity. It was launched on Oct 31, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSRIX or FADMX.
Key characteristics
| FSRIX | FADMX | |
|---|---|---|
| YTD Return | 6.50% | 6.53% |
| 1Y Return | 11.96% | 12.00% |
| 3Y Return (Ann) | 0.62% | 0.65% |
| 5Y Return (Ann) | 2.38% | 2.42% |
| Sharpe Ratio | 2.96 | 2.96 |
| Sortino Ratio | 4.68 | 4.73 |
| Omega Ratio | 1.61 | 1.60 |
| Calmar Ratio | 1.24 | 1.25 |
| Martin Ratio | 17.48 | 17.73 |
| Ulcer Index | 0.65% | 0.64% |
| Daily Std Dev | 3.82% | 3.84% |
| Max Drawdown | -17.71% | -16.68% |
| Current Drawdown | -1.01% | -1.01% |
Correlation
The correlation between FSRIX and FADMX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FSRIX vs. FADMX - Performance Comparison
The year-to-date returns for both investments are quite close, with FSRIX having a 6.50% return and FADMX slightly higher at 6.53%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FSRIX vs. FADMX - Expense Ratio Comparison
FSRIX has a 0.71% expense ratio, which is higher than FADMX's 0.66% expense ratio.
Risk-Adjusted Performance
FSRIX vs. FADMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class I (FSRIX) and Fidelity Strategic Income Fund (FADMX). 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
FSRIX vs. FADMX - Dividend Comparison
FSRIX's dividend yield for the trailing twelve months is around 4.29%, which matches FADMX's 4.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRIX Fidelity Advisor Strategic Income Fund Class I | 4.29% | 4.28% | 3.65% | 2.69% | 3.30% | 3.41% | 3.63% | 3.35% | 3.48% | 3.68% | 5.26% | 3.76% |
FADMX Fidelity Strategic Income Fund | 4.33% | 4.32% | 3.67% | 2.75% | 3.33% | 3.46% | 2.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FSRIX vs. FADMX - Drawdown Comparison
The maximum FSRIX drawdown since its inception was -17.71%, which is greater than FADMX's maximum drawdown of -16.68%. Use the drawdown chart below to compare losses from any high point for FSRIX and FADMX. For additional features, visit the drawdowns tool.
Volatility
FSRIX vs. FADMX - Volatility Comparison
Fidelity Advisor Strategic Income Fund Class I (FSRIX) and Fidelity Strategic Income Fund (FADMX) have volatilities of 0.94% and 0.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.