FSRRX vs. PIMIX
Compare and contrast key facts about Fidelity Strategic Real Return Fund (FSRRX) and PIMCO Income Fund Institutional Class (PIMIX).
FSRRX is managed by Fidelity. It was launched on Sep 7, 2005. PIMIX is managed by PIMCO. It was launched on Mar 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSRRX or PIMIX.
Key characteristics
| FSRRX | PIMIX | |
|---|---|---|
| YTD Return | 7.17% | 5.45% |
| 1Y Return | 11.89% | 11.50% |
| 3Y Return (Ann) | 2.80% | 2.08% |
| 5Y Return (Ann) | 5.73% | 3.28% |
| 10Y Return (Ann) | 3.50% | 4.25% |
| Sharpe Ratio | 2.12 | 2.42 |
| Sortino Ratio | 3.21 | 3.73 |
| Omega Ratio | 1.40 | 1.49 |
| Calmar Ratio | 1.29 | 2.31 |
| Martin Ratio | 12.24 | 13.01 |
| Ulcer Index | 0.94% | 0.83% |
| Daily Std Dev | 5.41% | 4.47% |
| Max Drawdown | -33.43% | -13.39% |
| Current Drawdown | -0.66% | -1.15% |
Correlation
The correlation between FSRRX and PIMIX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FSRRX vs. PIMIX - Performance Comparison
In the year-to-date period, FSRRX achieves a 7.17% return, which is significantly higher than PIMIX's 5.45% return. Over the past 10 years, FSRRX has underperformed PIMIX with an annualized return of 3.50%, while PIMIX has yielded a comparatively higher 4.25% annualized return. 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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FSRRX vs. PIMIX - Expense Ratio Comparison
FSRRX has a 0.70% expense ratio, which is higher than PIMIX's 0.62% expense ratio.
Risk-Adjusted Performance
FSRRX vs. PIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Strategic Real Return Fund (FSRRX) and PIMCO Income Fund Institutional Class (PIMIX). 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
FSRRX vs. PIMIX - Dividend Comparison
FSRRX's dividend yield for the trailing twelve months is around 4.61%, less than PIMIX's 6.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRRX Fidelity Strategic Real Return Fund | 4.61% | 5.29% | 7.31% | 5.35% | 2.25% | 3.05% | 3.96% | 2.49% | 2.14% | 1.63% | 2.18% | 2.24% |
PIMIX PIMCO Income Fund Institutional Class | 6.21% | 6.21% | 6.40% | 4.02% | 4.89% | 5.86% | 5.68% | 5.41% | 5.57% | 7.84% | 6.30% | 5.46% |
Drawdowns
FSRRX vs. PIMIX - Drawdown Comparison
The maximum FSRRX drawdown since its inception was -33.43%, which is greater than PIMIX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for FSRRX and PIMIX. For additional features, visit the drawdowns tool.
Volatility
FSRRX vs. PIMIX - Volatility Comparison
Fidelity Strategic Real Return Fund (FSRRX) has a higher volatility of 1.41% compared to PIMCO Income Fund Institutional Class (PIMIX) at 1.00%. This indicates that FSRRX's price experiences larger fluctuations and is considered to be riskier than PIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.