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Fidelity Short Duration High Income Fund (FSAHX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fidelity Short Duration High Income Fund (FSAHX)

Mutual Fund · Currency in USD · Last updated May 13, 2025

The fund normally invests primarily in income producing debt securities, preferred stocks, and convertible securities, with an emphasis on lower-quality debt securities. It normally invests primarily in securities rated BB or B by Standard & Poor's (S&P), Ba or B by Moody's Investors Service (Moody's), comparably rated by at least one nationally recognized credit rating agency, or, if unrated, considered by Fidelity Management & Research Company (FMR) to be of comparable quality. The fund normally maintains a duration of three years or less.

Fund Info

ISIN

US31641Q8472

CUSIP

31641Q847

Issuer

Fidelity

Inception Date

Nov 5, 2013

Category

High Yield Bonds

Min. Investment

$0

Asset Class

Bond

Expense Ratio

FSAHX has an expense ratio of 0.75%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Popular comparisons:
FSAHX vs. FCBFX FSAHX vs. FFRHX FSAHX vs. DGRO FSAHX vs. FIBUX FSAHX vs. FZROX FSAHX vs. FSKAX FSAHX vs. HYG FSAHX vs. FXNAX FSAHX vs. JNK FSAHX vs. FNBGX
Popular comparisons:
FSAHX vs. FCBFX FSAHX vs. FFRHX FSAHX vs. DGRO FSAHX vs. FIBUX FSAHX vs. FZROX FSAHX vs. FSKAX FSAHX vs. HYG FSAHX vs. FXNAX FSAHX vs. JNK FSAHX vs. FNBGX

Performance

Performance Chart

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Returns By Period

Fidelity Short Duration High Income Fund (FSAHX) returned 1.33% year-to-date (YTD) and 7.43% over the past 12 months. Over the past 10 years, FSAHX returned 3.63% annually, underperforming the S&P 500 benchmark at 10.69%.

FSAHX

YTD

1.33%

1M

3.03%

6M

1.97%

1Y

7.43%

5Y*

4.99%

10Y*

3.63%

^GSPC (Benchmark)

YTD

-0.64%

1M

8.97%

6M

-2.62%

1Y

11.90%

5Y*

15.76%

10Y*

10.69%

*Annualized

Monthly Returns

The table below presents the monthly returns of FSAHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.04%0.42%-0.84%-0.19%0.91%1.33%
20240.90%0.47%0.57%0.18%0.96%0.11%1.87%0.67%1.63%0.02%0.67%0.41%8.77%
20233.01%-0.62%0.82%0.23%-0.46%1.51%1.06%0.47%-0.81%-0.33%2.85%2.13%10.22%
2022-1.51%-0.27%-0.23%-2.29%0.08%-4.94%3.66%-0.55%-2.53%1.93%1.34%-1.08%-6.45%
20210.08%0.36%0.50%0.70%0.07%0.71%-0.03%0.50%0.06%-0.04%-1.00%1.41%3.34%
2020-0.13%-0.57%-7.85%3.94%3.13%-0.04%2.71%0.60%-0.36%0.18%1.89%0.92%3.99%
20193.40%1.31%0.60%0.90%-0.79%1.44%0.47%0.43%0.20%-0.01%0.30%0.77%9.32%
20180.55%-0.52%-0.63%0.80%0.25%-0.21%1.13%0.35%0.55%-1.02%-0.60%-1.84%-1.24%
20170.75%0.82%0.01%0.84%0.64%-0.20%0.65%0.13%0.73%0.32%-0.29%0.45%4.97%
2016-2.04%-0.29%3.64%2.73%0.60%0.37%1.67%1.43%0.66%0.14%-0.20%1.57%10.65%
2015-0.05%2.82%-0.35%0.97%0.57%-1.06%-0.23%-1.17%-1.93%1.90%-2.04%-2.60%-3.27%
20140.43%1.05%0.16%0.36%0.57%0.48%-1.08%0.91%-1.58%0.63%-0.78%-0.97%0.15%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 95, FSAHX is among the top 5% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of FSAHX is 9595
Overall Rank
The Sharpe Ratio Rank of FSAHX is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of FSAHX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of FSAHX is 9696
Omega Ratio Rank
The Calmar Ratio Rank of FSAHX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of FSAHX is 9494
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity Short Duration High Income Fund (FSAHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Fidelity Short Duration High Income Fund Sharpe ratios as of May 13, 2025 (values are recalculated daily):

  • 1-Year: 2.40
  • 5-Year: 1.30
  • 10-Year: 0.82
  • All Time: 0.83

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Fidelity Short Duration High Income Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend History

Fidelity Short Duration High Income Fund provided a 6.52% dividend yield over the last twelve months, with an annual payout of $0.58 per share. The fund has been increasing its distributions for 3 consecutive years.

3.00%4.00%5.00%6.00%7.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.58$0.58$0.53$0.37$0.32$0.33$0.40$0.41$0.39$0.41$0.43$0.35

Dividend yield

6.52%6.52%5.97%4.35%3.39%3.48%4.23%4.52%4.11%4.31%4.83%3.61%

Monthly Dividends

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

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.04$0.04$0.04$0.00$0.17
2024$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.12$0.58
2023$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.09$0.53
2022$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.37
2021$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.32
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.33
2019$0.04$0.03$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.40
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.41
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05$0.39
2016$0.04$0.03$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.41
2015$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.43
2014$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.04$0.35

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 Short Duration High 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 Short Duration High Income Fund was 16.77%, occurring on Mar 23, 2020. Recovery took 91 trading sessions.

The current Fidelity Short Duration High Income Fund drawdown is 0.13%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.77%Feb 21, 202022Mar 23, 202091Jul 31, 2020113
-11.7%Jun 1, 2015178Feb 11, 2016127Aug 12, 2016305
-8.89%Jan 3, 2022125Jun 30, 2022356Nov 22, 2023481
-5.3%Jul 2, 2014117Dec 16, 201481Apr 15, 2015198
-4.38%Oct 3, 201858Dec 26, 201828Feb 6, 201986

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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