LSIIX vs. FSRIX
LSIIX (Loomis Sayles Investment Grade Bond Fund Class Y) and FSRIX (Fidelity Advisor Strategic Income Fund Class I) are both Total Bond Market funds. Over the past 10 years, LSIIX returned 3.09%/yr vs 4.40%/yr for FSRIX. A 0.67 correlation means they provide meaningful diversification when combined. LSIIX charges 0.54%/yr vs 0.71%/yr for FSRIX.
Performance
LSIIX vs. FSRIX - Performance Comparison
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Returns By Period
In the year-to-date period, LSIIX achieves a 0.46% return, which is significantly lower than FSRIX's 3.44% return. Over the past 10 years, LSIIX has underperformed FSRIX with an annualized return of 3.09%, while FSRIX has yielded a comparatively higher 4.40% annualized return.
LSIIX
- 1D
- 0.21%
- 1M
- 0.94%
- YTD
- 0.46%
- 6M
- 0.56%
- 1Y
- 3.36%
- 3Y*
- 4.56%
- 5Y*
- 0.83%
- 10Y*
- 3.09%
FSRIX
- 1D
- 0.33%
- 1M
- 1.42%
- YTD
- 3.44%
- 6M
- 3.93%
- 1Y
- 9.58%
- 3Y*
- 8.09%
- 5Y*
- 3.23%
- 10Y*
- 4.40%
LSIIX vs. FSRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LSIIX Loomis Sayles Investment Grade Bond Fund Class Y | 0.46% | 5.58% | 2.91% | 7.50% | -11.31% | 0.18% | 11.60% | 9.04% | -0.31% | 6.65% |
FSRIX Fidelity Advisor Strategic Income Fund Class I | 3.44% | 8.97% | 5.97% | 9.51% | -11.91% | 3.50% | 7.50% | 11.01% | -2.70% | 8.08% |
Correlation
The correlation between LSIIX and FSRIX is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996 | 0.67 |
The correlation between LSIIX and FSRIX shifts across timeframes, from 0.60 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LSIIX vs. FSRIX — Risk / Return Rank
LSIIX
FSRIX
LSIIX vs. FSRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loomis Sayles Investment Grade Bond Fund Class Y (LSIIX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX). 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.
| LSIIX | FSRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.56 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.57 | -2.23 |
| Martin ratioReturn relative to average drawdown | 3.69 | 15.54 | -11.85 |
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Drawdowns
LSIIX vs. FSRIX - Drawdown Comparison
The maximum LSIIX drawdown since its inception was -20.77%, smaller than the maximum FSRIX drawdown of -22.98%. Use the drawdown chart below to compare losses from any high point for LSIIX and FSRIX.
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Drawdown Indicators
| LSIIX | FSRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.77% | -22.98% | +2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.70% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.45% | -4.00% | -1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -15.62% | -15.99% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -15.62% | -15.99% | +0.37% |
Current DrawdownCurrent decline from peak | -1.13% | 0.00% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -2.42% | -4.68% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.62% | +0.41% |
Volatility
LSIIX vs. FSRIX - Volatility Comparison
The current volatility for Loomis Sayles Investment Grade Bond Fund Class Y (LSIIX) is 1.16%, while Fidelity Advisor Strategic Income Fund Class I (FSRIX) has a volatility of 1.41%. This indicates that LSIIX experiences smaller price fluctuations and is considered to be less risky than FSRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LSIIX | FSRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.41% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 3.15% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.96% | 3.70% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.29% | 4.54% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.51% | 4.47% | +0.04% |
LSIIX vs. FSRIX - Expense Ratio Comparison
LSIIX has a 0.54% expense ratio, which is lower than FSRIX's 0.71% expense ratio.
Dividends
LSIIX vs. FSRIX - Dividend Comparison
LSIIX's dividend yield for the trailing twelve months is around 3.53%, less than FSRIX's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSRIX Fidelity Advisor Strategic Income Fund Class I | 4.24% | 4.29% | 4.11% | 4.28% | 2.91% | 4.18% | 4.53% | 4.30% | 3.74% | 4.17% | 3.75% | 3.09% |
LSIIX Loomis Sayles Investment Grade Bond Fund Class Y | 3.53% | 3.68% | 4.86% | 4.25% | 3.32% | 4.10% | 8.20% | 3.56% | 2.18% | 4.10% | 6.71% | 3.91% |
Frequently Asked Questions
LSIIX and FSRIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSRIX has higher volatility (1.41%) compared to LSIIX (1.16%). In terms of maximum drawdown, LSIIX dropped -20.77% vs FSRIX's -22.98%.
FSRIX currently has the higher Sharpe Ratio (2.60 vs 1.01), 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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