- Issuer
- Fidelity
- Inception Date
- Jul 11, 2024
- Category
- Canada Equities
- Index Tracked
- MSCI Canada Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FSCJX Performance Chart
Fidelity SAI Canada Equity Index Fund (FSCJX) is up 9.0% since the beginning of the year. FSCJX is currently trading at $16 per share.
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Returns By Period
Fidelity SAI Canada Equity Index Fund (FSCJX) has returned 8.99% so far this year and 31.85% over the past 12 months.
Fidelity SAI Canada Equity Index Fund
- 1D
- -0.45%
- 1M
- 1.44%
- YTD
- 8.99%
- 6M
- 13.00%
- 1Y
- 31.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FSCJX Monthly Returns History
Based on dividend-adjusted daily data since Jul 16, 2024, FSCJX's average daily return is +0.10%, while the average monthly return is +1.93%. At this rate, an investment would double in approximately 3.0 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2026 with a return of +6.8%, while the worst month was Mar 2026 at -5.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, FSCJX closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +6.2%, while the worst single day was Apr 4, 2025 at -5.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.70% | 6.69% | -5.29% | 6.83% | 0.71% | -0.45% | 8.99% | ||||||
| 2025 | 2.46% | 0.18% | -1.47% | 4.58% | 5.72% | 3.47% | -0.08% | 5.72% | 3.71% | 0.30% | 3.87% | 3.31% | 36.41% |
| 2024 | -0.29% | 4.04% | 2.46% | -2.04% | 6.42% | -5.12% | 5.14% |
Benchmark Metrics
Fidelity SAI Canada Equity Index Fund has an annualized alpha of 14.92%, beta of 0.70, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since July 17, 2024.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (89.93%) than losses (0.74%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 14.92% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 14.92%
- Beta
- 0.70
- R²
- 0.59
- Upside Capture
- 89.93%
- Downside Capture
- 0.74%
Expense Ratio
FSCJX has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
FSCJX ranks 72 for risk / return — better than 72% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity SAI Canada Equity Index Fund (FSCJX) and compare them to S&P 500 Index.
| FSCJX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.45 | 2.24 | +0.21 |
Sortino ratioReturn per unit of downside risk | 3.21 | 3.07 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.99 | 2.93 | +1.06 |
Martin ratioReturn relative to average drawdown | 16.38 | 13.52 | +2.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Fidelity SAI Canada Equity Index Fund provided a 1.23% dividend yield over the last twelve months, with an annual payout of $0.19 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.12 |
Dividend yield | 1.23% | 1.34% | 1.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI Canada Equity Index Fund. 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2024 | $0.12 | $0.12 |
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 Canada Equity Index 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 SAI Canada Equity Index Fund was 12.43%, occurring on Apr 8, 2025. Recovery took 15 trading sessions.
The current Fidelity SAI Canada Equity Index Fund drawdown is 0.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -12.43%Apr 2025 | 1mo 23d | 22d | 2mo 15dFeb 2025 - Apr 2025 |
2026 pullback2026 | -8.33%Mar 2026 | 17d | 28d | 1mo 15dMar 2026 - Apr 2026 |
2024 pullback2024 | -6.47%Dec 2024 | 13d | 1mo 26d | 2mo 9dDec 2024 - Feb 2025 |
2024 pullback2024 | -5.70%Aug 2024 | 19d | 10d | 29dJul 2024 - Aug 2024 |
2026 pullback2026 | -4.15%Feb 2026 | 6d | 5d | 11dJan 2026 - Feb 2026 |
Drawdown Indicators
| FSCJX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.43% | -56.78% | +44.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -9.10% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.74% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -1.63% | -10.72% | +9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.97% | +0.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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