FSRIX vs. PFF
FSRIX (Fidelity Advisor Strategic Income Fund Class I) and PFF (iShares Preferred and Income Securities ETF) are both funds - FSRIX is a Total Bond Market fund managed by Fidelity, while PFF is a Preferred Stock/Convertible Bonds fund tracking the S&P U.S. Preferred Stock Index. Over the past 10 years, FSRIX returned 4.41%/yr vs 3.30%/yr for PFF. At a 0.47 correlation, their price movements are largely independent. FSRIX charges 0.71%/yr vs 0.46%/yr for PFF.
Performance
FSRIX vs. PFF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSRIX achieves a 3.27% return, which is significantly higher than PFF's 2.93% return. Over the past 10 years, FSRIX has outperformed PFF with an annualized return of 4.41%, while PFF has yielded a comparatively lower 3.30% annualized return.
FSRIX
- 1D
- 0.16%
- 1M
- 1.09%
- YTD
- 3.27%
- 6M
- 3.69%
- 1Y
- 9.87%
- 3Y*
- 8.17%
- 5Y*
- 3.29%
- 10Y*
- 4.41%
PFF
- 1D
- -0.67%
- 1M
- 0.34%
- YTD
- 2.93%
- 6M
- 3.41%
- 1Y
- 9.35%
- 3Y*
- 6.70%
- 5Y*
- 1.50%
- 10Y*
- 3.30%
FSRIX vs. PFF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSRIX Fidelity Advisor Strategic Income Fund Class I | 3.27% | 8.97% | 5.97% | 9.51% | -11.91% | 3.50% | 7.50% | 11.01% | -2.70% | 8.08% |
PFF iShares Preferred and Income Securities ETF | 2.93% | 4.87% | 7.24% | 9.22% | -18.19% | 7.15% | 7.89% | 15.93% | -4.64% | 8.10% |
Correlation
The correlation between FSRIX and PFF is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2007 | 0.47 |
The correlation between FSRIX and PFF shifts across timeframes, from 0.47 (all time) to 0.66 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSRIX vs. PFF — Risk / Return Rank
FSRIX
PFF
FSRIX vs. PFF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class I (FSRIX) and iShares Preferred and Income Securities ETF (PFF). 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.
| FSRIX | PFF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.24 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 1.78 | +2.00 |
| Martin ratioReturn relative to average drawdown | 16.65 | 5.51 | +11.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FSRIX | PFF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 1.39 | +1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.15 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 0.26 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.21 | +0.34 |
Drawdowns
FSRIX vs. PFF - Drawdown Comparison
The maximum FSRIX drawdown since its inception was -22.98%, smaller than the maximum PFF drawdown of -65.55%. Use the drawdown chart below to compare losses from any high point for FSRIX and PFF.
Loading charts...
Drawdown Indicators
| FSRIX | PFF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.98% | -65.55% | +42.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -5.28% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -10.63% | +6.63% |
Max Drawdown (5Y)Largest decline over 5 years | -15.99% | -21.05% | +5.06% |
Max Drawdown (10Y)Largest decline over 10 years | -15.99% | -34.10% | +18.11% |
Current DrawdownCurrent decline from peak | 0.00% | -1.11% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -5.77% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.70% | -1.09% |
Volatility
FSRIX vs. PFF - Volatility Comparison
The current volatility for Fidelity Advisor Strategic Income Fund Class I (FSRIX) is 1.40%, while iShares Preferred and Income Securities ETF (PFF) has a volatility of 2.09%. This indicates that FSRIX experiences smaller price fluctuations and is considered to be less risky than PFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSRIX | PFF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 2.09% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 5.09% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 6.75% | -3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.52% | 10.30% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.46% | 12.66% | -8.20% |
FSRIX vs. PFF - Expense Ratio Comparison
FSRIX has a 0.71% expense ratio, which is higher than PFF's 0.46% expense ratio.
Dividends
FSRIX vs. PFF - Dividend Comparison
FSRIX's dividend yield for the trailing twelve months is around 4.25%, less than PFF's 5.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRIX Fidelity Advisor Strategic Income Fund Class I | 4.25% | 4.29% | 4.11% | 4.28% | 2.91% | 4.18% | 4.53% | 4.30% | 3.74% | 4.17% | 3.75% | 3.09% |
PFF iShares Preferred and Income Securities ETF | 5.47% | 6.30% | 6.32% | 6.63% | 6.01% | 4.45% | 4.79% | 5.31% | 6.32% | 5.59% | 5.85% | 5.76% |
Frequently Asked Questions
FSRIX and PFF have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFF has higher volatility (2.09%) compared to FSRIX (1.40%). In terms of maximum drawdown, FSRIX dropped -22.98% vs PFF's -65.55%.
FSRIX currently has the higher Sharpe Ratio (2.85 vs 1.39), 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.
Find the right allocation for FSRIX and PFF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer