MRBIX vs. FSRIX
Compare and contrast key facts about MFS Total Return Bond Fund (MRBIX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX).
MRBIX is managed by MFS. It was launched on Jan 4, 1999. FSRIX is managed by Fidelity. It was launched on Jul 3, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRBIX or FSRIX.
Key characteristics
| MRBIX | FSRIX | |
|---|---|---|
| YTD Return | 2.38% | 6.22% |
| 1Y Return | 8.01% | 11.36% |
| 3Y Return (Ann) | -2.11% | 0.56% |
| 5Y Return (Ann) | 0.18% | 2.32% |
| 10Y Return (Ann) | 1.70% | 3.11% |
| Sharpe Ratio | 1.53 | 2.85 |
| Sortino Ratio | 2.24 | 4.50 |
| Omega Ratio | 1.28 | 1.58 |
| Calmar Ratio | 0.59 | 1.20 |
| Martin Ratio | 5.67 | 16.75 |
| Ulcer Index | 1.52% | 0.65% |
| Daily Std Dev | 5.62% | 3.82% |
| Max Drawdown | -19.71% | -17.71% |
| Current Drawdown | -7.69% | -1.26% |
Correlation
The correlation between MRBIX and FSRIX is 0.60, 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.
Performance
MRBIX vs. FSRIX - Performance Comparison
In the year-to-date period, MRBIX achieves a 2.38% return, which is significantly lower than FSRIX's 6.22% return. Over the past 10 years, MRBIX has underperformed FSRIX with an annualized return of 1.70%, while FSRIX has yielded a comparatively higher 3.11% 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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MRBIX vs. FSRIX - Expense Ratio Comparison
MRBIX has a 0.45% expense ratio, which is lower than FSRIX's 0.71% expense ratio.
Risk-Adjusted Performance
MRBIX vs. FSRIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Total Return Bond Fund (MRBIX) 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.
Dividends
MRBIX vs. FSRIX - Dividend Comparison
MRBIX's dividend yield for the trailing twelve months is around 4.26%, which matches FSRIX's 4.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRBIX MFS Total Return Bond Fund | 4.26% | 4.12% | 3.12% | 2.13% | 2.64% | 3.05% | 2.86% | 2.64% | 3.00% | 3.45% | 3.53% | 3.18% |
FSRIX Fidelity Advisor Strategic Income Fund Class I | 4.30% | 4.28% | 3.65% | 2.69% | 3.30% | 3.41% | 3.63% | 3.35% | 3.48% | 3.68% | 5.26% | 3.76% |
Drawdowns
MRBIX vs. FSRIX - Drawdown Comparison
The maximum MRBIX drawdown since its inception was -19.71%, which is greater than FSRIX's maximum drawdown of -17.71%. Use the drawdown chart below to compare losses from any high point for MRBIX and FSRIX. For additional features, visit the drawdowns tool.
Volatility
MRBIX vs. FSRIX - Volatility Comparison
MFS Total Return Bond Fund (MRBIX) has a higher volatility of 1.63% compared to Fidelity Advisor Strategic Income Fund Class I (FSRIX) at 0.95%. This indicates that MRBIX's price experiences larger fluctuations and is considered to be riskier than FSRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.