FXED vs. FSDIX

Last updated Jun 23, 2026

FXED (Sound Enhanced Fixed Income ETF) and FSDIX (Fidelity Strategic Dividend & Income Fund) are both Diversified Portfolio funds. Over the past 5 years, FXED returned 2.32%/yr vs 7.49%/yr for FSDIX. A 0.57 correlation means they provide meaningful diversification when combined. FXED charges 2.33%/yr vs 0.68%/yr for FSDIX.

Performance

FXED vs. FSDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sound Enhanced Fixed Income ETF (FXED) and Fidelity Strategic Dividend & Income Fund (FSDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXED achieves a -0.29% return, which is significantly lower than FSDIX's 12.85% return.

FXED

• 1D: -0.14%
• 1M: 0.11%
• YTD: -0.29%
• 6M: 0.53%
• 1Y: 3.74%
• 3Y*: 6.90%
• 5Y*: 2.32%
• 10Y*: —

FSDIX

• 1D: 0.36%
• 1M: 0.36%
• YTD: 12.85%
• 6M: 6.04%
• 1Y: 16.50%
• 3Y*: 12.27%
• 5Y*: 7.49%
• 10Y*: 9.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FXED vs. FSDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FXED Sound Enhanced Fixed Income ETF	-0.29%	5.77%	5.18%	15.09%	-14.68%	9.75%	-0.17%
FSDIX Fidelity Strategic Dividend & Income Fund	12.85%	6.52%	11.52%	9.45%	-9.84%	19.03%	0.56%

Correlation

The correlation between FXED and FSDIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Dec 31, 2020	0.57

The correlation between FXED and FSDIX shifts across timeframes, from 0.43 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FXED vs. FSDIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXED

FXED Risk / Return Rank: 16
FXED Sharpe Ratio Rank: 17
FXED Sortino Ratio Rank: 16
FXED Omega Ratio Rank: 15
FXED Calmar Ratio Rank: 17
FXED Martin Ratio Rank: 17

FSDIX

FSDIX Risk / Return Rank: 40
FSDIX Sharpe Ratio Rank: 36
FSDIX Sortino Ratio Rank: 26
FSDIX Omega Ratio Rank: 45
FSDIX Calmar Ratio Rank: 51
FSDIX Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FXED vs. FSDIX - Risk-Adjusted Trends 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.

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.

	FXED	FSDIX	Difference
Sharpe ratio: Return per unit of total volatility	0.55	1.61	-1.06
Sortino ratio: Return per unit of downside risk	0.83	1.98	-1.15
Omega ratio: Gain probability vs. loss probability	1.10	1.34	-0.24
Calmar ratio: Return relative to maximum drawdown	0.70	2.61	-1.91
Martin ratio: Return relative to average drawdown	1.86	8.60	-6.74

FXED vs. FSDIX - Sharpe Ratio Comparison

The current FXED Sharpe Ratio is 0.55, which is lower than the FSDIX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of FXED and FSDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FXED vs. FSDIX - Drawdown Comparison

The maximum FXED drawdown since its inception was -19.70%, smaller than the maximum FSDIX drawdown of -58.92%. Use the drawdown chart below to compare losses from any high point for FXED and FSDIX.

Drawdown Indicators

	FXED	FSDIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.70%	-58.92%	+39.22%
Max Drawdown (1Y) Largest decline over 1 year	-5.36%	-6.38%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	-8.96%	-12.49%	+3.53%
Max Drawdown (5Y) Largest decline over 5 years	-19.70%	-17.08%	-2.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.99%	—
Current Drawdown Current decline from peak	-2.14%	-0.70%	-1.44%
Average Drawdown Average peak-to-trough decline	-4.75%	-6.34%	+1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.93%	+0.09%

Volatility

FXED vs. FSDIX - Volatility Comparison

The current volatility for Sound Enhanced Fixed Income ETF (FXED) is 1.82%, while Fidelity Strategic Dividend & Income Fund (FSDIX) has a volatility of 2.62%. 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.

Volatility by Period

	FXED	FSDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.82%	2.62%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	5.30%	8.96%	-3.66%
Volatility (1Y) Calculated over the trailing 1-year period	6.83%	10.34%	-3.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.76%	11.30%	-2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.56%	12.59%	-4.03%

FXED vs. FSDIX - Expense Ratio Comparison

FXED has a 2.33% expense ratio, which is higher than FSDIX's 0.68% expense ratio.

Dividends

FXED vs. FSDIX - Dividend Comparison

FXED's dividend yield for the trailing twelve months is around 7.15%, more than FSDIX's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSDIX Fidelity Strategic Dividend & Income Fund	1.61%	1.80%	5.27%	5.71%	4.23%	8.43%	5.67%	6.68%	8.19%	6.57%	4.92%	6.38%
FXED Sound Enhanced Fixed Income ETF	7.15%	6.96%	6.70%	5.65%	5.94%	4.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FXED and FSDIX in my portfolio?

FXED and FSDIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXED or FSDIX?

FSDIX has higher volatility (2.62%) compared to FXED (1.82%). In terms of maximum drawdown, FXED dropped -19.70% vs FSDIX's -58.92%.

Which has better risk-adjusted returns?

FSDIX currently has the higher Sharpe Ratio (1.61 vs 0.55), 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.