FSTAX vs. BBCPX
FSTAX (Fidelity Advisor Strategic Income Fund Class A) and BBCPX (Bridge Builder Core Plus Bond Fund) are both Total Bond Market funds. Over the past 10 years, FSTAX returned 3.63%/yr vs 2.10%/yr for BBCPX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. FSTAX charges 0.97%/yr vs 0.15%/yr for BBCPX.
Performance
FSTAX vs. BBCPX - Performance Comparison
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Returns By Period
In the year-to-date period, FSTAX achieves a 1.69% return, which is significantly higher than BBCPX's -1.36% return. Over the past 10 years, FSTAX has outperformed BBCPX with an annualized return of 3.63%, while BBCPX has yielded a comparatively lower 2.10% annualized return.
FSTAX
- 1D
- 0.08%
- 1M
- -1.16%
- 6M
- 1.05%
- YTD
- 1.69%
- 1Y
- 5.25%
- 3Y*
- 6.58%
- 5Y*
- 2.19%
- 10Y*
- 3.63%
- ALL TIME*
- 1.96%
BBCPX
- 1D
- -0.34%
- 1M
- -1.70%
- 6M
- -1.14%
- YTD
- -1.36%
- 1Y
- 1.80%
- 3Y*
- 4.64%
- 5Y*
- 0.17%
- 10Y*
- 2.10%
- ALL TIME*
- 2.37%
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 |
FSTAX vs. BBCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSTAX Fidelity Advisor Strategic Income Fund Class A | 1.69% | 8.68% | 4.93% | 8.82% | -11.98% | 3.22% | 7.21% | 10.74% | -2.94% | 7.63% |
BBCPX Bridge Builder Core Plus Bond Fund | -1.36% | 8.97% | 2.28% | 6.58% | -13.24% | -0.29% | 9.27% | 9.31% | 0.34% | 4.20% |
Correlation
The correlation between FSTAX and BBCPX is 0.72, 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. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.67 |
The correlation between FSTAX and BBCPX shifts across timeframes, from 0.67 (all time) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FSTAX vs. BBCPX — Risk / Return Rank
FSTAX
BBCPX
FSTAX vs. BBCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Strategic Income Fund Class A (FSTAX) and Bridge Builder Core Plus Bond Fund (BBCPX). 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.
| FSTAX | BBCPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.12 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 0.83 | +1.20 |
| Martin ratioReturn relative to average drawdown | 7.64 | 2.07 | +5.57 |
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Drawdowns
FSTAX vs. BBCPX - Drawdown Comparison
The maximum FSTAX drawdown since its inception was -23.29%, which is greater than BBCPX's maximum drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for FSTAX and BBCPX.
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Drawdown Indicators
| FSTAX | BBCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.29% | -18.25% | -5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -3.41% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.63% | -5.24% | +1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -18.23% | +2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -16.18% | -18.25% | +2.07% |
Current DrawdownCurrent decline from peak | -1.65% | -2.92% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -3.76% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.34% | -0.64% |
Volatility
FSTAX vs. BBCPX - Volatility Comparison
The current volatility for Fidelity Advisor Strategic Income Fund Class A (FSTAX) is 0.99%, while Bridge Builder Core Plus Bond Fund (BBCPX) has a volatility of 1.10%. This indicates that FSTAX experiences smaller price fluctuations and is considered to be less risky than BBCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSTAX | BBCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.10% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 3.34% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.76% | 4.30% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 6.02% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 4.91% | -0.47% |
FSTAX vs. BBCPX - Expense Ratio Comparison
FSTAX has a 0.97% expense ratio, which is higher than BBCPX's 0.15% expense ratio.
Dividends
FSTAX vs. BBCPX - Dividend Comparison
FSTAX's dividend yield for the trailing twelve months is around 3.78%, less than BBCPX's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCPX Bridge Builder Core Plus Bond Fund | 4.40% | 4.79% | 4.93% | 4.12% | 2.96% | 2.39% | 4.70% | 5.00% | 3.47% | 2.71% | 0.64% | 0.00% |
FSTAX Fidelity Advisor Strategic Income Fund Class A | 3.78% | 4.05% | 3.21% | 3.70% | 2.70% | 4.01% | 4.32% | 4.06% | 3.50% | 3.70% | 3.49% | 2.89% |
Frequently Asked Questions
FSTAX and BBCPX 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.
BBCPX has higher volatility (1.10%) compared to FSTAX (0.99%). In terms of maximum drawdown, FSTAX dropped -23.29% vs BBCPX's -18.25%.
FSTAX currently has the higher Sharpe Ratio (1.43 vs 0.66), 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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