Correlation
The correlation between FXED and FSDIX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FXED vs. FSDIX
Compare and contrast key facts about Sound Enhanced Fixed Income ETF (FXED) and Fidelity Strategic Dividend & Income Fund (FSDIX).
FXED is an actively managed fund by Sound Income Strategies. It was launched on Dec 30, 2020. FSDIX is managed by Fidelity. It was launched on Dec 23, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXED or FSDIX.
Performance
FXED vs. FSDIX - Performance Comparison
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Key characteristics
FXED:
0.51
FSDIX:
0.82
FXED:
0.69
FSDIX:
1.15
FXED:
1.09
FSDIX:
1.16
FXED:
0.49
FSDIX:
0.76
FXED:
1.60
FSDIX:
2.90
FXED:
2.71%
FSDIX:
3.29%
FXED:
9.72%
FSDIX:
12.24%
FXED:
-62.31%
FSDIX:
-58.82%
FXED:
-3.27%
FSDIX:
-2.87%
Returns By Period
In the year-to-date period, FXED achieves a 0.65% return, which is significantly lower than FSDIX's 2.53% return.
FXED
0.65%
1.50%
-1.72%
4.89%
5.00%
N/A
N/A
FSDIX
2.53%
2.63%
-2.87%
9.94%
6.65%
9.83%
7.99%
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FXED vs. FSDIX - Expense Ratio Comparison
FXED has a 2.33% expense ratio, which is higher than FSDIX's 0.68% expense ratio.
Risk-Adjusted Performance
FXED vs. FSDIX — Risk-Adjusted Performance Rank
FXED
FSDIX
FXED vs. FSDIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sound Enhanced Fixed Income ETF (FXED) and Fidelity Strategic Dividend & Income Fund (FSDIX). 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.
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Dividends
FXED vs. FSDIX - Dividend Comparison
FXED's dividend yield for the trailing twelve months is around 6.81%, more than FSDIX's 5.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXED Sound Enhanced Fixed Income ETF | 6.81% | 6.70% | 5.65% | 5.53% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSDIX Fidelity Strategic Dividend & Income Fund | 5.21% | 5.27% | 5.71% | 4.23% | 8.43% | 5.67% | 6.68% | 8.19% | 7.41% | 4.92% | 6.38% | 8.29% |
Drawdowns
FXED vs. FSDIX - Drawdown Comparison
The maximum FXED drawdown since its inception was -62.31%, which is greater than FSDIX's maximum drawdown of -58.82%. Use the drawdown chart below to compare losses from any high point for FXED and FSDIX.
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Volatility
FXED vs. FSDIX - Volatility Comparison
The current volatility for Sound Enhanced Fixed Income ETF (FXED) is 2.13%, while Fidelity Strategic Dividend & Income Fund (FSDIX) has a volatility of 3.23%. This indicates that FXED experiences smaller price fluctuations and is considered to be less risky than FSDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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