Fidelity SAI High Income Fund (FSHGX)

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The chart shows the growth of an initial investment of $10,000 in Fidelity SAI High Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Fidelity SAI High Income Fund (FSHGX) has returned -0.69% so far this year and 8.50% over the past 12 months.

Based on dividend-adjusted daily data since May 18, 2021, FSHGX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, your investment would double in approximately 17.0 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%.

Fidelity SAI High Income Fund has an annualized alpha of 2.20%, beta of 0.17, and R² of 0.32 versus S&P 500 Index. Calculated based on daily prices since May 19, 2021.

• This fund participated in 41.69% of S&P 500 Index downside but only 33.38% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.17 may look defensive, but with R² of 0.32 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 0.32 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

FSHGX has an expense ratio of 0.60%, placing it in the medium range.

FSHGX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Fidelity SAI High Income Fund (FSHGX) and compare them to a chosen benchmark (S&P 500 Index).

Fidelity SAI High Income Fund provided a 5.92% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 4 consecutive years.

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.

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.

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 2.31%.

The chart below shows the rolling one-month volatility.