- Issuer
- Fidelity
- Inception Date
- May 20, 2021
- Category
- High Yield Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FSHGX Performance Chart
Fidelity SAI High Income Fund (FSHGX) is up 2.6% since the beginning of the year. FSHGX is currently trading at $9 per share. Investors who bought $1,000 worth of FSHGX shares 5 years ago would now be looking at an investment worth $1,225.
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Returns By Period
Fidelity SAI High Income Fund (FSHGX) has returned 2.59% so far this year and 7.23% over the past 12 months.
Fidelity SAI High Income Fund
- 1D
- 0.21%
- 1M
- -1.05%
- 6M
- 1.67%
- YTD
- 2.59%
- 1Y
- 7.23%
- 3Y*
- 9.15%
- 5Y*
- 4.15%
- 10Y*
- —
- ALL TIME*
- 4.28%
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%
FSHGX Monthly Returns History
Based on dividend-adjusted daily data since May 18, 2021, FSHGX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 63% of months were positive and 37% were negative. The best month was Jul 2022 with a return of +4.7%, while the worst month was Jun 2022 at -7.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FSHGX closed higher 42% of trading days. The best single day was Nov 10, 2022 with a return of +1.7%, while the worst single day was Jun 13, 2022 at -2.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.91% | 0.75% | -1.14% | 2.32% | 0.84% | 0.09% | -1.15% | 2.59% | |||||
| 2025 | 1.37% | 0.67% | -1.10% | -0.14% | 1.63% | 2.90% | 0.41% | 1.59% | 1.05% | 0.31% | 0.29% | 0.88% | 10.26% |
| 2024 | 0.50% | 0.57% | 1.40% | -0.97% | 1.30% | 0.72% | 2.08% | 1.60% | 1.69% | -0.26% | 1.36% | -0.55% | 9.79% |
| 2023 | 3.53% | -1.31% | 0.69% | 0.79% | -0.92% | 1.74% | 1.28% | -0.61% | -1.01% | -1.61% | 4.35% | 3.65% | 10.82% |
| 2022 | -2.86% | -1.02% | -0.05% | -3.55% | 0.06% | -7.13% | 4.72% | -1.07% | -5.38% | 3.49% | 2.08% | -1.37% | -12.03% |
| 2021 | 0.16% | 1.01% | 0.32% | 0.70% | -0.21% | -0.17% | -1.28% | 2.20% | 2.72% |
Benchmark Metrics
Fidelity SAI High Income Fund has an annualized alpha of 2.13%, beta of 0.18, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since May 18, 2021.
- This fund participated in 41.43% of S&P 500 Index downside but only 31.68% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.18 may look defensive, but with R2 of 0.33 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 0.33 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 2.13%
- Beta
- 0.18
- R²
- 0.33
- Upside Capture
- 31.68%
- Downside Capture
- 41.43%
Expense Ratio
FSHGX has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FSHGX ranks 90 for risk / return — above 90% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fidelity SAI High Income Fund (FSHGX) 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.
| FSHGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.25 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.00 | +1.23 |
| Martin ratioReturn relative to average drawdown | 14.19 | 8.49 | +5.70 |
Dividends
Dividend History
Fidelity SAI High Income Fund provided a 5.94% dividend yield over the last twelve months, with an annual payout of $0.56 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.60 | $0.56 | $0.49 | $0.34 | $0.23 |
Dividend yield | 5.94% | 6.34% | 6.15% | 5.47% | 3.99% | 2.28% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity SAI High Income 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 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.28 | |||||
| 2025 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.08 | $0.60 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.08 | $0.56 |
| 2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.49 |
| 2022 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.04 | $0.04 | $0.06 | $0.34 |
| 2021 | $0.01 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.23 |
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 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 SAI High Income Fund was 15.77%, occurring on Sep 29, 2022. Recovery took 408 trading sessions.
The current Fidelity SAI High Income Fund drawdown is 1.17%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-15.77%Sep 2022 | 8mo 29d | 1y 7mo | 2y 4moJan 2022 - May 2024 | Bear market2022 |
-3.92%Apr 2025 | 1mo 5d | 1mo 6d | 2mo 11dMar 2025 - May 2025 | 2025 selloff2025 |
-2.38%Nov 2021 | 16d | 1mo 1d | 1mo 17dNov 2021 - Dec 2021 | — |
-2.31%Mar 2026 | 25d | 12d | 1mo 7dMar 2026 - Apr 2026 | — |
-1.84%Dec 2024 | 11d | 1mo 12d | 1mo 23dDec 2024 - Jan 2025 | — |
Drawdown Indicators
| FSHGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.77% | -56.78% | +41.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -9.10% | +6.79% |
Max Drawdown (3Y)Largest decline over 3 years | -3.92% | -18.90% | +14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -25.43% | +9.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.17% | -1.58% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -10.70% | +6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 2.14% | -1.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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