SCHI vs. FADMX
Compare and contrast key facts about Schwab 5-10 Year Corporate Bond ETF (SCHI) and Fidelity Strategic Income Fund (FADMX).
SCHI is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate Credit - Corporate (5-10 Y). It was launched on Oct 10, 2019. FADMX is managed by Fidelity. It was launched on Oct 31, 1994.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHI or FADMX.
Key characteristics
| SCHI | FADMX | |
|---|---|---|
| YTD Return | -0.32% | 1.97% |
| 1Y Return | 5.38% | 8.54% |
| 3Y Return (Ann) | -1.94% | 0.55% |
| Sharpe Ratio | 0.71 | 1.92 |
| Daily Std Dev | 6.98% | 4.54% |
| Max Drawdown | -20.67% | -15.84% |
| Current Drawdown | -8.51% | -1.38% |
Correlation
The correlation between SCHI and FADMX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SCHI vs. FADMX - Performance Comparison
In the year-to-date period, SCHI achieves a -0.32% return, which is significantly lower than FADMX's 1.97% 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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SCHI vs. FADMX - Expense Ratio Comparison
SCHI has a 0.05% expense ratio, which is lower than FADMX's 0.66% expense ratio.
Risk-Adjusted Performance
SCHI vs. FADMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) and Fidelity Strategic Income Fund (FADMX). 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
SCHI vs. FADMX - Dividend Comparison
SCHI's dividend yield for the trailing twelve months is around 5.02%, more than FADMX's 4.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SCHI Schwab 5-10 Year Corporate Bond ETF | 5.02% | 4.27% | 3.10% | 1.93% | 2.31% | 0.53% | 0.00% |
FADMX Fidelity Strategic Income Fund | 4.42% | 4.32% | 3.81% | 4.64% | 4.57% | 4.32% | 2.59% |
Drawdowns
SCHI vs. FADMX - Drawdown Comparison
The maximum SCHI drawdown since its inception was -20.67%, which is greater than FADMX's maximum drawdown of -15.84%. Use the drawdown chart below to compare losses from any high point for SCHI and FADMX. For additional features, visit the drawdowns tool.
Volatility
SCHI vs. FADMX - Volatility Comparison
Schwab 5-10 Year Corporate Bond ETF (SCHI) has a higher volatility of 1.44% compared to Fidelity Strategic Income Fund (FADMX) at 1.10%. This indicates that SCHI's price experiences larger fluctuations and is considered to be riskier than FADMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.