VOO vs. FADMX

Last updated Jun 30, 2026

VOO (Vanguard S&P 500 ETF) and FADMX (Fidelity Strategic Income Fund) are both funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while FADMX is a Total Bond Market fund managed by Fidelity. Over the past 5 years, VOO returned 13.19%/yr vs 3.15%/yr for FADMX. A 0.51 correlation means they provide meaningful diversification when combined. VOO charges 0.03%/yr vs 0.66%/yr for FADMX.

Performance

VOO vs. FADMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 ETF (VOO) and Fidelity Strategic Income Fund (FADMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VOO achieves a 9.25% return, which is significantly higher than FADMX's 2.95% return.

VOO

• 1D: 1.60%
• 1M: -1.80%
• YTD: 9.25%
• 6M: 8.31%
• 1Y: 21.91%
• 3Y*: 20.26%
• 5Y*: 13.19%
• 10Y*: 15.35%

FADMX

• 1D: -0.33%
• 1M: -0.16%
• YTD: 2.95%
• 6M: 3.18%
• 1Y: 8.08%
• 3Y*: 8.00%
• 5Y*: 3.15%
• 10Y*: —

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

VOO vs. FADMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VOO Vanguard S&P 500 ETF	9.25%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.79%
FADMX Fidelity Strategic Income Fund	2.95%	9.01%	6.02%	9.55%	-11.84%	3.46%	6.72%	11.06%	-2.02%

Correlation

The correlation between VOO and FADMX is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 30, 2018	0.51

The correlation between VOO and FADMX shifts across timeframes, from 0.49 (5 years) to 0.70 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VOO vs. FADMX — Risk / Return Rank

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

VOO

VOO Risk / Return Rank: 63
VOO Sharpe Ratio Rank: 63
VOO Sortino Ratio Rank: 60
VOO Omega Ratio Rank: 62
VOO Calmar Ratio Rank: 59
VOO Martin Ratio Rank: 70

FADMX

FADMX Risk / Return Rank: 80
FADMX Sharpe Ratio Rank: 78
FADMX Sortino Ratio Rank: 80
FADMX Omega Ratio Rank: 81
FADMX Calmar Ratio Rank: 78
FADMX Martin Ratio Rank: 84

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.

VOO vs. FADMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) 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.

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.

	VOO	FADMX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.21	-0.44
Sortino ratio: Return per unit of downside risk	2.43	3.27	-0.85
Omega ratio: Gain probability vs. loss probability	1.32	1.45	-0.13
Calmar ratio: Return relative to maximum drawdown	2.47	3.10	-0.63
Martin ratio: Return relative to average drawdown	10.85	13.38	-2.53

VOO vs. FADMX - Sharpe Ratio Comparison

The current VOO Sharpe Ratio is 1.77, which is comparable to the FADMX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of VOO and FADMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VOO vs. FADMX - Drawdown Comparison

The maximum VOO drawdown since its inception was -33.99%, which is greater than FADMX's maximum drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for VOO and FADMX.

Drawdown Indicators

	VOO	FADMX	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-15.98%	-18.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-2.62%	-6.28%
Max Drawdown (3Y) Largest decline over 3 years	-18.69%	-3.99%	-14.70%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-15.98%	-8.54%
Max Drawdown (10Y) Largest decline over 10 years	-33.99%	—	—
Current Drawdown Current decline from peak	-2.19%	-0.49%	-1.70%
Average Drawdown Average peak-to-trough decline	-3.68%	-3.04%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	0.60%	+1.42%

Volatility

VOO vs. FADMX - Volatility Comparison

Vanguard S&P 500 ETF (VOO) has a higher volatility of 5.02% compared to Fidelity Strategic Income Fund (FADMX) at 1.48%. This indicates that VOO'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.

Volatility by Period

	VOO	FADMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	1.48%	+3.54%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	3.13%	+6.77%
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	3.68%	+8.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	4.55%	+12.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	4.77%	+13.23%

VOO vs. FADMX - Expense Ratio Comparison

VOO has a 0.03% expense ratio, which is lower than FADMX's 0.66% expense ratio.

Dividends

VOO vs. FADMX - Dividend Comparison

VOO's dividend yield for the trailing twelve months is around 1.33%, less than FADMX's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FADMX Fidelity Strategic Income Fund	4.30%	4.33%	4.16%	4.31%	2.91%	4.23%	3.82%	4.34%	2.74%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.33%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both VOO and FADMX in my portfolio?

VOO and FADMX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VOO or FADMX?

VOO has higher volatility (5.02%) compared to FADMX (1.48%). In terms of maximum drawdown, VOO dropped -33.99% vs FADMX's -15.98%.

Which has better risk-adjusted returns?

FADMX currently has the higher Sharpe Ratio (2.21 vs 1.77), 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.