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Fidelity Education Income Fund (FEDUX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

Issuer
Fidelity
Inception Date
Mar 16, 2021
Min. Investment
$0
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Education Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Fidelity Education Income Fund (FEDUX) has returned -0.29% so far this year and 3.87% over the past 12 months.


Fidelity Education Income Fund

1D
0.22%
1M
-1.40%
YTD
-0.29%
6M
0.82%
1Y
3.87%
3Y*
2.10%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 25, 2021, FEDUX's average daily return is 0.00%, while the average monthly return is -0.04%.

Historically, 49% of months were positive and 51% were negative. The best month was Nov 2023 with a return of +1.9%, while the worst month was Sep 2022 at -2.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 9 months.

On a daily basis, FEDUX closed higher 35% of trading days. The best single day was Nov 10, 2022 with a return of +0.9%, while the worst single day was Jun 13, 2022 at -0.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.26%0.86%-1.40%-0.29%
20250.49%1.12%0.50%0.92%-0.27%0.91%-0.06%1.14%0.36%0.37%0.57%0.17%6.40%
20240.36%-0.98%0.11%-1.32%0.67%0.33%1.22%0.66%0.65%-1.51%0.11%-0.55%-0.29%
20231.21%-1.63%1.44%0.22%-0.87%-0.88%0.00%-0.11%-1.00%-0.08%1.94%1.44%1.62%
2022-1.21%-0.61%-2.06%-1.37%0.43%-1.06%0.86%-1.70%-2.27%-0.66%1.34%-0.33%-8.38%
20210.00%-0.20%0.40%-0.10%-0.40%-0.57%-0.20%-0.20%-1.27%

Benchmark Metrics

Fidelity Education Income Fund has an annualized alpha of -0.67%, beta of 0.01, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since May 26, 2021.

  • This fund participated in 18.21% of S&P 500 Index downside but only 6.57% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.01 may look defensive, but with R² of 0.01 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
  • R² of 0.01 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
-0.67%
Beta
0.01
0.01
Upside Capture
6.57%
Downside Capture
18.21%

Expense Ratio

FEDUX has an expense ratio of 0.00%, meaning no management fees are charged.


Return for Risk

Risk / Return Rank

FEDUX ranks 88 for risk / return — in the top 88% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


FEDUX Risk / Return Rank: 8888
Overall Rank
FEDUX Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
FEDUX Sortino Ratio Rank: 9191
Sortino Ratio Rank
FEDUX Omega Ratio Rank: 8282
Omega Ratio Rank
FEDUX Calmar Ratio Rank: 9191
Calmar Ratio Rank
FEDUX Martin Ratio Rank: 8989
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Fidelity Education Income Fund (FEDUX) and compare them to a chosen benchmark (S&P 500 Index).


FEDUXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.64

0.90

+0.75

Sortino ratio

Return per unit of downside risk

2.65

1.39

+1.27

Omega ratio

Gain probability vs. loss probability

1.33

1.21

+0.12

Calmar ratio

Return relative to maximum drawdown

2.68

1.40

+1.28

Martin ratio

Return relative to average drawdown

9.90

6.61

+3.30

Explore FEDUX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Fidelity Education Income Fund provided a 4.04% dividend yield over the last twelve months, with an annual payout of $0.37 per share.


0.00%1.00%2.00%3.00%4.00%$0.00$0.10$0.20$0.30$0.4020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
Dividend$0.37$0.41$0.03$0.07$0.00$0.01

Dividend yield

4.04%4.43%0.36%0.71%0.00%0.13%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity Education Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.03$0.03$0.00$0.06
2025$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.41
2024$0.03$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.03
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.03$0.03$0.00$0.07
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.01$0.00$0.00$0.01

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Education Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Education Income Fund was 12.00%, occurring on Oct 18, 2023. The portfolio has not yet recovered.

The current Fidelity Education Income Fund drawdown is 3.07%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-12%Aug 4, 2021556Oct 18, 2023
-0.4%Jun 14, 20216Jun 21, 202112Jul 8, 202118
-0.3%Jul 9, 20213Jul 13, 20214Jul 19, 20217
-0.1%Jun 3, 20211Jun 3, 20211Jun 4, 20212
-0.1%Jul 21, 20211Jul 21, 20211Jul 22, 20212

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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