Fidelity Short-Term Bond Fund (FSHBX)
The fund normally invests at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. Its manager manages the fund to have similar overall interest rate risk to the Bloomberg Barclays U.S. 1-3 Year Government/Credit Bond Index. The fund normally maintains a dollar-weighted average maturity of three years or less. It allocates assets across different market sectors and maturities. The fund invests in domestic and foreign issuers.
Fund Info
| ISIN | US3161462086 |
|---|---|
| CUSIP | 316146208 |
| Issuer | Fidelity |
| Inception Date | Sep 15, 1986 |
| Category | Total Bond Market |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
FSHBX features an expense ratio of 0.45%, falling within 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: FSHBX vs. VBIRX, FSHBX vs. FCNVX, FSHBX vs. FXNAX, FSHBX vs. BSV, FSHBX vs. GSSRX, FSHBX vs. SCHO, FSHBX vs. SCHD, FSHBX vs. FFRHX, FSHBX vs. BND, FSHBX vs. VGIT
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Short-Term Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Short-Term Bond Fund had a return of 4.19% year-to-date (YTD) and 6.25% in the last 12 months. Over the past 10 years, Fidelity Short-Term Bond Fund had an annualized return of 1.60%, while the S&P 500 had an annualized return of 11.39%, indicating that Fidelity Short-Term Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.19% | 25.45% |
| 1 month | -0.36% | 2.91% |
| 6 months | 2.94% | 14.05% |
| 1 year | 6.25% | 35.64% |
| 5 years (annualized) | 1.54% | 14.13% |
| 10 years (annualized) | 1.60% | 11.39% |
Monthly Returns
The table below presents the monthly returns of FSHBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.74% | -0.18% | 0.12% | 0.06% | 0.71% | 0.24% | 1.52% | 0.59% | 1.16% | -0.59% | 4.19% | ||
| 2023 | 1.29% | -0.68% | 1.06% | 0.24% | 0.10% | -0.24% | 0.51% | 0.39% | -0.36% | 0.57% | 1.26% | 0.95% | 5.19% |
| 2022 | -0.64% | -0.54% | -1.35% | -0.64% | 0.50% | -0.77% | 0.60% | -0.54% | -1.23% | -0.24% | 1.00% | 0.12% | -3.70% |
| 2021 | 0.10% | -0.25% | -0.14% | 0.09% | 0.19% | -0.16% | 0.30% | -0.06% | -0.17% | -0.63% | -0.17% | -0.13% | -1.02% |
| 2020 | 0.63% | 0.72% | -1.55% | 1.54% | 0.72% | 0.70% | 0.36% | 0.12% | -0.45% | 0.00% | 0.33% | -0.12% | 3.02% |
| 2019 | 0.53% | 0.27% | 0.64% | 0.29% | 0.52% | 0.52% | 0.06% | 0.75% | -0.06% | 0.40% | -0.07% | 0.26% | 4.20% |
| 2018 | -0.34% | -0.12% | -0.12% | 0.15% | 0.38% | -0.12% | 0.29% | 0.27% | 0.04% | 0.05% | 0.16% | 0.55% | 1.20% |
| 2017 | 0.12% | 0.20% | 0.20% | 0.21% | 0.21% | -0.02% | 0.22% | 0.22% | -0.13% | -0.01% | -0.12% | 0.07% | 1.17% |
| 2016 | 0.46% | 0.06% | 0.42% | 0.20% | -0.05% | 0.65% | 0.08% | -0.03% | 0.08% | -0.05% | -0.38% | 0.04% | 1.48% |
| 2015 | 0.55% | -0.16% | 0.21% | 0.08% | 0.08% | -0.15% | 0.08% | -0.03% | 0.19% | 0.08% | -0.05% | -0.21% | 0.67% |
| 2014 | 0.31% | 0.19% | -0.15% | 0.20% | 0.31% | -0.03% | -0.16% | 0.19% | -0.05% | 0.20% | 0.19% | -0.27% | 0.92% |
| 2013 | 0.07% | 0.07% | 0.07% | 0.19% | -0.17% | -0.41% | 0.19% | -0.06% | 0.42% | 0.20% | 0.19% | -0.16% | 0.58% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FSHBX is 85, placing it in the top 15% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Short-Term Bond Fund (FSHBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Short-Term Bond Fund provided a 4.01% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.25 | $0.09 | $0.08 | $0.18 | $0.19 | $0.15 | $0.11 | $0.09 | $0.09 | $0.08 | $0.07 |
Dividend yield | 4.01% | 3.00% | 1.15% | 0.94% | 2.06% | 2.13% | 1.77% | 1.28% | 1.00% | 1.02% | 0.92% | 0.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Short-Term Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.28 | |
| 2023 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2022 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2020 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.05 | $0.18 |
| 2019 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.19 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.15 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.11 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Short-Term Bond 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-Term Bond Fund was 6.54%, occurring on Oct 20, 2022. Recovery took 304 trading sessions.
The current Fidelity Short-Term Bond Fund drawdown is 0.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.54% | Sep 4, 2020 | 538 | Oct 20, 2022 | 304 | Jan 2, 2024 | 842 |
| -5.7% | Jan 24, 2008 | 220 | Dec 5, 2008 | 184 | Aug 31, 2009 | 404 |
| -5.55% | Feb 2, 1994 | 235 | Dec 27, 1994 | 111 | May 31, 1995 | 346 |
| -3.96% | Mar 9, 2020 | 12 | Mar 24, 2020 | 45 | May 28, 2020 | 57 |
| -2.09% | Apr 1, 2004 | 30 | May 13, 2004 | 102 | Oct 8, 2004 | 132 |
Volatility
Volatility Chart
The current Fidelity Short-Term Bond Fund volatility is 0.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.