VFIDX vs. FSRIX
VFIDX (Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares) and FSRIX (Fidelity Advisor Strategic Income Fund Class I) are both Total Bond Market funds. Over the past 10 years, VFIDX returned 2.76%/yr vs 4.40%/yr for FSRIX. A 0.57 correlation means they provide meaningful diversification when combined. VFIDX charges 0.10%/yr vs 0.71%/yr for FSRIX.
Performance
VFIDX vs. FSRIX - Performance Comparison
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Returns By Period
In the year-to-date period, VFIDX achieves a 0.20% return, which is significantly lower than FSRIX's 3.44% return. Over the past 10 years, VFIDX has underperformed FSRIX with an annualized return of 2.76%, while FSRIX has yielded a comparatively higher 4.40% annualized return.
VFIDX
- 1D
- 0.23%
- 1M
- 0.78%
- YTD
- 0.20%
- 6M
- 0.73%
- 1Y
- 5.79%
- 3Y*
- 6.21%
- 5Y*
- 1.23%
- 10Y*
- 2.76%
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%
VFIDX vs. FSRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 0.20% | 9.67% | 3.29% | 8.63% | -13.77% | -1.51% | 10.44% | 10.50% | -0.44% | 4.28% |
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 VFIDX and FSRIX is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2001 | 0.57 |
The correlation between VFIDX and FSRIX shifts across timeframes, from 0.57 (all time) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VFIDX vs. FSRIX — Risk / Return Rank
VFIDX
FSRIX
VFIDX vs. FSRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) 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.
| VFIDX | FSRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.56 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 3.57 | -1.79 |
| Martin ratioReturn relative to average drawdown | 5.84 | 15.54 | -9.71 |
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Drawdowns
VFIDX vs. FSRIX - Drawdown Comparison
The maximum VFIDX drawdown since its inception was -20.14%, smaller than the maximum FSRIX drawdown of -22.98%. Use the drawdown chart below to compare losses from any high point for VFIDX and FSRIX.
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Drawdown Indicators
| VFIDX | FSRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | -22.98% | +2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -2.70% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -6.08% | -4.00% | -2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -20.14% | -15.99% | -4.15% |
Max Drawdown (10Y)Largest decline over 10 years | -20.14% | -15.99% | -4.15% |
Current DrawdownCurrent decline from peak | -1.29% | 0.00% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -4.68% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.62% | +0.39% |
Volatility
VFIDX vs. FSRIX - Volatility Comparison
Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) and Fidelity Advisor Strategic Income Fund Class I (FSRIX) have volatilities of 1.38% and 1.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFIDX | FSRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.38% | 1.41% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 3.15% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 3.70% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 4.54% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 4.47% | +0.73% |
VFIDX vs. FSRIX - Expense Ratio Comparison
VFIDX has a 0.10% expense ratio, which is lower than FSRIX's 0.71% expense ratio.
Dividends
VFIDX vs. FSRIX - Dividend Comparison
VFIDX's dividend yield for the trailing twelve months is around 5.10%, more 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% |
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 5.10% | 4.91% | 4.65% | 3.90% | 3.20% | 3.61% | 5.80% | 3.13% | 3.32% | 3.06% | 3.94% | 3.64% |
Frequently Asked Questions
VFIDX and FSRIX have a correlation of 0.76, 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 VFIDX (1.38%). In terms of maximum drawdown, VFIDX dropped -20.14% vs FSRIX's -22.98%.
FSRIX currently has the higher Sharpe Ratio (2.60 vs 1.40), 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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