- ISIN
- US31634R4065
- CUSIP
- 31634R406
- Issuer
- Fidelity
- Inception Date
- Dec 20, 2018
- Category
- Commodities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Commodity
Share Price Chart
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Performance
FIFGX Performance Chart
Fidelity SAI Inflation-Focused (FIFGX) is up 42.9% since the beginning of the year. FIFGX is currently trading at $124 per share. Investors who bought $1,000 worth of FIFGX shares 5 years ago would now be looking at an investment worth $16,380.
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Returns By Period
Fidelity SAI Inflation-Focused (FIFGX) has returned 42.94% so far this year and 46.94% over the past 12 months.
Fidelity SAI Inflation-Focused
- 1D
- -0.95%
- 1M
- 11.03%
- 6M
- 28.71%
- YTD
- 42.94%
- 1Y
- 46.94%
- 3Y*
- 145.76%
- 5Y*
- 74.93%
- 10Y*
- —
- ALL TIME*
- 50.76%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FIFGX Monthly Returns History
Based on dividend-adjusted daily data since Dec 20, 2018, FIFGX's average daily return is +0.52%, while the average monthly return is +10.68%. At this rate, an investment would double in approximately 0.6 years.
Historically, 59% of months were positive and 41% were negative. The best month was Sep 2023 with a return of +886.6%, while the worst month was Mar 2020 at -13.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FIFGX closed higher 52% of trading days. The best single day was Sep 25, 2023 with a return of +905.1%, while the worst single day was Mar 9, 2022 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.06% | 3.15% | 20.38% | 7.80% | -4.25% | -9.25% | 10.66% | 42.94% | |||||
| 2025 | 4.04% | -0.52% | 3.48% | -9.17% | 1.13% | 4.72% | 3.06% | -0.24% | 1.84% | 1.36% | 0.73% | -2.46% | 7.44% |
| 2024 | 2.63% | -0.47% | 4.59% | 1.43% | -0.49% | 0.74% | -2.81% | -1.90% | 0.98% | 0.44% | -0.97% | 2.22% | 6.34% |
| 2023 | -0.41% | -5.03% | 1.30% | -0.96% | -6.67% | 2.88% | 6.39% | -0.53% | 886.63% | -1.46% | -2.70% | -3.40% | 781.04% |
| 2022 | 7.77% | 6.10% | 7.49% | 5.11% | 2.00% | -11.49% | 5.21% | -1.70% | -10.91% | 2.25% | 3.41% | -3.80% | 9.30% |
| 2021 | 2.80% | 6.02% | -1.51% | 9.18% | 3.63% | 2.47% | 2.56% | -0.30% | 5.30% | 3.31% | -7.48% | 3.78% | 32.92% |
Benchmark Metrics
Fidelity SAI Inflation-Focused has an annualized alpha of 253.03%, beta of 0.34, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 20, 2018.
- This fund captured 44.99% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -280.43%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.34 may look defensive, but with R2 of 0.00 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 0.00 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
- 253.03%
- Beta
- 0.34
- R²
- 0.00
- Upside Capture
- 44.99%
- Downside Capture
- -280.43%
Expense Ratio
FIFGX has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FIFGX ranks 75 for risk / return — above 75% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity SAI Inflation-Focused (FIFGX) and compare them to S&P 500 Index.
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.
| FIFGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.00 | +0.65 |
| Martin ratioReturn relative to average drawdown | 8.97 | 8.49 | +0.48 |
Dividends
Dividend History
Fidelity SAI Inflation-Focused provided a 3.81% dividend yield over the last twelve months, with an annual payout of $4.73 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $4.73 | $4.73 | $4.04 | $1.30 | $1.24 | $3.59 | $0.32 | $0.17 |
Dividend yield | 3.81% | 5.44% | 4.73% | 1.54% | 12.64% | 35.77% | 3.10% | 1.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI Inflation-Focused. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.73 | $0.00 | $0.00 | $0.00 | $4.73 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.10 | $0.00 | $0.00 | $1.95 | $4.04 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $1.21 | $1.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.10 | $0.00 | $0.00 | $0.14 | $1.24 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.87 | $0.00 | $0.00 | $0.72 | $3.59 |
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 SAI Inflation-Focused. 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 SAI Inflation-Focused was 29.47%, occurring on May 31, 2023. Recovery took 80 trading sessions.
The current Fidelity SAI Inflation-Focused drawdown is 6.37%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-29.47%May 2023 | 11mo 27d | 3mo 27d | 1y 3moJun 2022 - Sep 2023 | — |
-27.77%Mar 2020 | 2mo 10d | 9mo 18d | 11mo 28dJan 2020 - Dec 2020 | COVID crash2020 |
-16.42%Jun 2026 | 1mo 5d | — | 2mo 14dMay 2026 - now | — |
-12.25%Apr 2025 | 1mo 16d | 2mo 6d | 3mo 22dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-11.88%Dec 2023 | 1mo 23d | 3mo 24d | 5mo 17dOct 2023 - Apr 2024 | — |
Drawdown Indicators
| FIFGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.47% | -56.78% | +27.31% |
Max Drawdown (1Y)Largest decline over 1 year | -16.42% | -9.10% | -7.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -18.90% | +2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -29.47% | -25.43% | -4.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.37% | -1.58% | -4.79% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -10.70% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 2.14% | +2.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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