SWTSX vs. FSTAX

Last updated Jun 4, 2026

SWTSX (Schwab Total Stock Market Index Fund) and FSTAX (Fidelity Advisor Strategic Income Fund Class A) are both mutual funds - SWTSX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Total Stock Market Index, while FSTAX is a Total Bond Market fund managed by Fidelity. Over the past 10 years, SWTSX returned 15.07%/yr vs 4.02%/yr for FSTAX. At a 0.29 correlation, their price movements are largely independent. SWTSX charges 0.03%/yr vs 0.97%/yr for FSTAX.

Performance

SWTSX vs. FSTAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Total Stock Market Index Fund (SWTSX) and Fidelity Advisor Strategic Income Fund Class A (FSTAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWTSX achieves a 12.02% return, which is significantly higher than FSTAX's 3.19% return. Over the past 10 years, SWTSX has outperformed FSTAX with an annualized return of 15.07%, while FSTAX has yielded a comparatively lower 4.02% annualized return.

SWTSX

• 1D: 0.22%
• 1M: 5.76%
• YTD: 12.02%
• 6M: 11.94%
• 1Y: 29.06%
• 3Y*: 22.36%
• 5Y*: 13.04%
• 10Y*: 15.07%

FSTAX

• 1D: 0.17%
• 1M: 1.08%
• YTD: 3.19%
• 6M: 3.50%
• 1Y: 9.60%
• 3Y*: 7.53%
• 5Y*: 2.83%
• 10Y*: 4.02%

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

SWTSX vs. FSTAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWTSX Schwab Total Stock Market Index Fund	12.02%	17.04%	23.84%	26.05%	-19.54%	25.65%	20.71%	30.90%	-5.35%	21.08%
FSTAX Fidelity Advisor Strategic Income Fund Class A	3.19%	8.68%	4.93%	8.82%	-11.98%	3.22%	7.21%	10.74%	-2.94%	7.63%

Correlation

The correlation between SWTSX and FSTAX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jan 4, 2000	0.29

Over the past year, SWTSX and FSTAX have become more correlated (0.67) than their long-term average of 0.29, meaning their price movements have been converging.

Return for Risk

SWTSX vs. FSTAX — Risk / Return Rank

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

SWTSX

SWTSX Risk / Return Rank: 71
SWTSX Sharpe Ratio Rank: 71
SWTSX Sortino Ratio Rank: 63
SWTSX Omega Ratio Rank: 63
SWTSX Calmar Ratio Rank: 75
SWTSX Martin Ratio Rank: 82

FSTAX

FSTAX Risk / Return Rank: 86
FSTAX Sharpe Ratio Rank: 86
FSTAX Sortino Ratio Rank: 88
FSTAX Omega Ratio Rank: 86
FSTAX Calmar Ratio Rank: 82
FSTAX Martin Ratio Rank: 85

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.

SWTSX vs. FSTAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Total Stock Market Index Fund (SWTSX) and Fidelity Advisor Strategic Income Fund Class A (FSTAX). 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.

	SWTSX	FSTAX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.81	-0.35
Sortino ratio: Return per unit of downside risk	3.33	4.24	-0.91
Omega ratio: Gain probability vs. loss probability	1.44	1.59	-0.15
Calmar ratio: Return relative to maximum drawdown	3.38	3.74	-0.36
Martin ratio: Return relative to average drawdown	15.52	16.22	-0.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWTSX vs. FSTAX - Sharpe Ratio Comparison

The current SWTSX Sharpe Ratio is 2.45, which is comparable to the FSTAX Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of SWTSX and FSTAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWTSX	FSTAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	2.81	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.63	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.91	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.51	-0.07

Drawdowns

SWTSX vs. FSTAX - Drawdown Comparison

The maximum SWTSX drawdown since its inception was -54.60%, which is greater than FSTAX's maximum drawdown of -23.29%. Use the drawdown chart below to compare losses from any high point for SWTSX and FSTAX.

Drawdown Indicators

	SWTSX	FSTAX	Difference
Max Drawdown Largest peak-to-trough decline	-54.60%	-23.29%	-31.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.88%	-2.65%	-6.23%
Max Drawdown (3Y) Largest decline over 3 years	-19.43%	-4.04%	-15.39%
Max Drawdown (5Y) Largest decline over 5 years	-25.40%	-16.18%	-9.22%
Max Drawdown (10Y) Largest decline over 10 years	-35.01%	-16.18%	-18.83%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.57%	-4.83%	-5.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	0.61%	+1.32%

Volatility

SWTSX vs. FSTAX - Volatility Comparison

Schwab Total Stock Market Index Fund (SWTSX) has a higher volatility of 2.96% compared to Fidelity Advisor Strategic Income Fund Class A (FSTAX) at 1.35%. This indicates that SWTSX's price experiences larger fluctuations and is considered to be riskier than FSTAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWTSX	FSTAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	1.35%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	9.21%	2.89%	+6.32%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	3.54%	+8.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	4.49%	+12.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	4.44%	+14.17%

SWTSX vs. FSTAX - Expense Ratio Comparison

SWTSX has a 0.03% expense ratio, which is lower than FSTAX's 0.97% expense ratio.

Dividends

SWTSX vs. FSTAX - Dividend Comparison

SWTSX's dividend yield for the trailing twelve months is around 0.98%, less than FSTAX's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSTAX Fidelity Advisor Strategic Income Fund Class A	4.01%	4.05%	3.21%	3.70%	2.70%	4.01%	4.32%	4.06%	3.50%	3.70%	3.49%	2.89%
SWTSX Schwab Total Stock Market Index Fund	0.98%	1.10%	1.24%	1.41%	1.62%	1.46%	1.63%	1.92%	2.58%	1.83%	2.32%	2.79%

Frequently Asked Questions

Can I hold both SWTSX and FSTAX in my portfolio?

SWTSX and FSTAX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWTSX or FSTAX?

SWTSX has higher volatility (2.96%) compared to FSTAX (1.35%). In terms of maximum drawdown, SWTSX dropped -54.60% vs FSTAX's -23.29%.

Which has better risk-adjusted returns?

FSTAX currently has the higher Sharpe Ratio (2.81 vs 2.45), 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.