FIDELITY ADVISOR Competition

FSRCX Fund

USD 11.83 0.05 0.42%

The fund is listed under the Multisector Bond category and is part of the Fidelity Investments family. Fidelity Advisor Strategic is grouped alongside Fidelity SAI, HARBOR CONVERTIBLE, Virtus Convertible, LORD ABBETT, and Absolute Convertible within its competitive landscape. Asset turnover for FIDELITY ADVISOR compared to competitors shows how effectively each firm uses its balance sheet.

FIDELITY ADVISOR and FIDELITY CONVERTIBLE Correlation Details

Poor diversification

For the present investment horizon, the measured correlation between FIDELITY ADVISOR and FIDELITY CONVERTIBLE stands at 0.69, or Poor diversification. The overlap area shows the portion of risk that can be diversified away by holding both instruments together.

Moving together with FIDELITY Mutual Fund

0.92	FPTKX	Fidelity Freedom 2015	Pair Corr
0.83	FPUKX	Fidelity Puritan	Pair Corr
0.92	FPXTX	Fidelity Pennsylvania	Pair Corr
0.94	FQIFX	Fidelity Freedom Index	Pair Corr
0.93	FQLSX	Fidelity Flex Freedom	Pair Corr

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Experienced investors tracking FIDELITY ADVISOR's watch for mean reversion setups where price has deviated from its long-run average. Sentiment extremes, news events, or liquidity shocks are common catalysts for these temporary dislocations in FIDELITY ADVISOR. Prices periodically overshoot their intrinsic value in both directions, creating mean reversion opportunities in FIDELITY ADVISOR. The mean reversion signal is most useful when combined with fundamental confirmation for FIDELITY ADVISOR's.

Hype

Prediction

Low	Estimated	High
11.61	11.83	12.05

Details

Intrinsic

Valuation

Low	Real	High
11.62	11.84	12.06

Details

Peer comparison enriches FIDELITY ADVISOR analysis by revealing how the company ranks against competitors. FIDELITY ADVISOR's multiples must be compared to direct competitors to determine genuine value. Superior peer-relative performance is one of the strongest justifications for FIDELITY ADVISOR's valuation premium. Cross-company comparison is essential to validate or challenge any investment thesis on Fidelity Advisor.

FIDELITY ADVISOR Competition Correlation Matrix

Reviewing how Fidelity Advisor Strategic moves relative to competing funds can show whether peer exposure is reducing portfolio risk or simply repeating the same market bet. The business currently sits in the Multisector Bond sector and the Large industry. In practical terms, lower correlation may offer better diversification while higher correlation may leave the portfolio more exposed to one shared driver.

	FSAWX	HICSX	XNCVX	VAADX	LACCX	ARBOX	CXGCX	FIQVX
FSAWX		0.75	0.3	0.69	0.76	0.98	0.44	0.74	FSAWX
HICSX	0.75		0.67	0.99	0.99	0.78	0.88	0.86	HICSX
XNCVX	0.3	0.67		0.71	0.69	0.32	0.78	0.6	XNCVX
VAADX	0.69	0.99	0.71		0.99	0.71	0.91	0.85	VAADX
LACCX	0.76	0.99	0.69	0.99		0.78	0.89	0.88	LACCX
ARBOX	0.98	0.78	0.32	0.71	0.78		0.47	0.76	ARBOX
CXGCX	0.44	0.88	0.78	0.91	0.89	0.47		0.77	CXGCX
FIQVX	0.74	0.86	0.6	0.85	0.88	0.76	0.77		FIQVX
	FSAWX	HICSX	XNCVX	VAADX	LACCX	ARBOX	CXGCX	FIQVX

Risk-Adjusted Indicators

FIDELITY ADVISOR Mutual Fund can look attractive on recent price action while risk efficiency lags the peer group. Reviewing FIDELITY ADVISOR's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FSAWX	0.09	0.03	0.37	-13.05	0.00	-0.14	0.19	-0.09	0.92
HICSX	0.79	0.14	0.14	0.12	0.95	-0.83	1.61	-1.76	5.52
XNCVX	0.80	0.03	0.08	-0.17	1.06	-0.83	1.59	-2.01	5.55
VAADX	0.75	0.12	0.12	0.10	0.96	-0.77	1.64	-1.72	5.23
LACCX	0.85	0.16	0.15	0.15	0.98	-0.86	2.04	-1.84	5.28
ARBOX	0.06	0.02	0.73	0.42	0.00	-0.09	0.09	-0.09	0.34
CXGCX	0.53	0.07	0.14	0.08	0.62	-0.60	1.14	-1.18	3.69
FIQVX	0.92	0.28	0.25	0.27	0.88	-1.03	1.78	-1.97	10.98

FIDELITY ADVISOR Competitive Analysis

Better Than Average

Worse Than Peers

View Performance Chart

	FSRCX	FSAWX	HICSX	XNCVX	VAADX	LACCX	ARBOX	CXGCX	FIQVX
	0.42 11.83 FIDELITY	0.09 10.87 Fidelity	0.78 14.14 HARBOR	0.47 17.14 AllianzGI	0.58 40.22 Virtus	0.51 17.87 LORD	0.09 11.68 Absolute	0.50 14.08 CALAMOS	0.57 38.71 FIDELITY
Market Volatility (90 Days Market Risk)	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low	Very Low
Market Performance (90 Days Performance)	Soft	Constructive	Contained	Weak	Mild	Contained	Firm	Mild	Contained
Odds of Financial Distress (Probability Of Bankruptcy)	Low	Low	Low	Fair	Low	Low	Low	Low	Low
Current Valuation (Equity Enterprise Value)	Fairly Valued	Over Valued	Under Valued	Over Valued	Under Valued	Under Valued	Fairly Valued	Under Valued	Under Valued
Buy or Sell Analysis (Average Analysts Consensus)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available
Trade Advice (90 Days Macroaxis Advice)	Hold	Strong Sell	Strong Buy	Strong Sell	Strong Buy	Strong Buy	Cautious Hold	Strong Buy	Strong Buy
Net Asset	17.8 B	322.37 M	40.64 M	N/A	1.52 B	964.47 M	984.69 M	142.58 M	1.43 B
Minimum Initial Investment	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1000 K	N/A
Price To Book	N/A	N/A	N/A	N/A	N/A	1.59	N/A	N/A	N/A
Five Year Return	2.16	N/A	5.35	N/A	N/A	3.59	N/A	2.9	6.83
One Year Return	6.76	N/A	24.74	N/A	N/A	27.36	N/A	16.09	25.67
Last Dividend Paid	N/A	N/A	0.07	0.0425	N/A	N/A	N/A	0.01	0.12
Price To Earning	N/A	N/A	N/A	N/A	N/A	14.95	N/A	N/A	N/A
Price To Sales	N/A	N/A	N/A	N/A	N/A	1.71	N/A	N/A	N/A
Cash Position Weight	1.64	N/A	4.1	N/A	4.74	N/A	45.81	1.88	0.51
Equity Positions Weight	2.82	N/A	N/A	N/A	2.43	5.31	-34.5	2.41	23.52
Three Year Return	6.16	N/A	15.75	N/A	N/A	15.82	N/A	13.9	15.77
Annual Yield	0.0328	0.0921	0.0017	N/A	0.0171	0.0107	0.0217	0.0047	0.0276
Year To Date Return	0.32	N/A	3.52	N/A	N/A	6.34	N/A	1.23	4.1
Bond Positions Weight	22.14	N/A	N/A	N/A	N/A	N/A	N/A	5.07	1.52
Ten Year Return	3.75	N/A	N/A	N/A	N/A	9.0	N/A	N/A	8.99
Day Typical Price	11.83	10.87	14.14	17.14	40.22	17.87	11.68	14.08	38.71
Period Momentum Indicator	0.05	-0.01	0.11	0.08	0.23	0.09	0.01	0.07	0.22
Rate Of Daily Change	1.0	1.0	1.01	1.0	1.01	1.01	1.0	1.0	1.01
Day Median Price	11.83	10.87	14.14	17.14	40.22	17.87	11.68	14.08	38.71
Price Action Indicator	0.025	-0.01	0.055	0.04	0.11	0.045	0.005	0.035	0.11
Relative Strength Index	40.24	62.96	48.83	45.73	47.91	48.68	69.99	48.06	50.11
Coefficient Of Variation	2629.43	289.4	985.52	2148.2	1157.42	864.27	252.66	1311.91	608.93
Mean Deviation	0.1482	0.0899	0.7897	0.8046	0.7479	0.8475	0.0617	0.5284	0.9218
Jensen Alpha	0.0074	0.0338	0.1353	0.0257	0.1171	0.1579	0.0213	0.0717	0.2795
Total Risk Alpha	0.012	0.0425	0.1606	0.1085	0.1404	0.1876	0.0238	0.0894	0.3307
Sortino Ratio	0.1801	0.3677	0.1404	0.0836	0.1207	0.1489	0.7339	0.1396	0.2515
Downside Variance	0.0881	0.0592	1.11	1.26	1.16	1.31	0.0103	0.4952	1.3
Standard Deviation	0.2082	0.1271	1.01	1.04	0.9768	1.08	0.0729	0.6913	1.47
Kurtosis	1.68	6.79	0.5071	0.4904	0.5529	0.155	-0.20	0.4418	14.38
Potential Upside	0.2542	0.1883	1.61	1.59	1.64	2.04	0.0873	1.14	1.78
Treynor Ratio	-0.01	-13.05	0.1197	-0.17	0.0968	0.1481	0.4244	0.0817	0.2675
Maximum Drawdown	1.1	0.9215	5.52	5.55	5.23	5.28	0.3439	3.69	10.98
Variance	0.0433	0.0162	1.02	1.08	0.9542	1.16	0.0053	0.4779	2.16
Market Risk Adjusted Performance	-0.0022	-13.04	0.1297	-0.16	0.1068	0.1581	0.4344	0.0917	0.2775
Risk Adjusted Performance	0.0018	0.2295	0.0853	0.0404	0.0726	0.0975	0.2227	0.0608	0.1395
Skewness	-0.92	-1.23	-0.14	-0.35	-0.30	-0.06	-0.39	-0.17	2.59
Semi Deviation	0.2063	0.0	0.9451	1.06	0.9581	0.9807	0.0	0.6172	0.8793
Information Ratio	0.2567	0.7038	0.1466	0.0904	0.133	0.1579	1.02	0.1421	0.1952
Value At Risk	-0.42	-0.09	-1.76	-2.01	-1.72	-1.84	-0.09	-1.18	-1.97
Expected Short fall	-0.16	-0.14	-0.83	-0.83	-0.77	-0.86	-0.09	-0.60	-1.03
Downside Deviation	0.2968	0.2433	1.05	1.12	1.08	1.14	0.1013	0.7037	1.14
Semi Variance	0.0426	-0.03	0.8932	1.13	0.9179	0.9618	-0.03	0.3809	0.7732

FIDELITY ADVISOR Competition Peer Performance Charts

How to Analyze FIDELITY ADVISOR Against Peers

FIDELITY ADVISOR's peer analysis compares FIDELITY ADVISOR with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:

Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
Check valuation dispersion: Review whether FIDELITY ADVISOR trades at a premium or discount versus peers and why.
Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
Document the thesis: Record where FIDELITY ADVISOR leads or lags and what catalysts could close or widen the gap.

Use this as an educational baseline, then validate conclusions with current filings, market conditions, and portfolio objectives.

Peer Comparison Metrics & Methodology

Analyst consensus for FIDELITY ADVISOR shows a wider price target range than peers, reflecting higher uncertainty about fair value. SG&A trends for FIDELITY ADVISOR compared to rivals reveal whether overhead is scaling efficiently with revenue. Peer benchmarking can improve context for valuation without relying only on standalone multiples.

The analytics block for Fidelity Advisor Strategic relies on fund disclosures and market reference feeds, with quality checks and normalization applied before rendering. Timing can vary by data vendor.

This content is curated and reviewed by:

Rifka Kats - Member of Macroaxis Editorial Board

Last reviewed on March 4th, 2026

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