FSIGX's Sortino Ratio of 1.23 indicates that for each unit of downside volatility, it generates 1.23 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 2026).
Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.
FSIGX Sortino Ratio Rank
FSIGX ranks above 23.2% of all investments in our database based on Sortino Ratio over the past 12 months, indicating below-average returns relative to downside risk taken. Securities are ranked from 0 (worst) to 100 (best).
What moves the rank
- Strong returns with minimal downside volatility → Higher rank
- Severe or frequent drawdowns → Lower rank
- Upside volatility → No impact (Sortino doesn't penalize upside swings)
What you can do with this information
- Returns may not adequately compensate for downside risk taken
- Consider smaller allocation given below-average risk-adjusted profile
- Explore higher-ranked investments with better downside protection
- Assess whether downside exposure aligns with your portfolio goals
FSIGX Sortino Ratio Market Positioning
The chart shows FSIGX's Sortino Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.
- Red zone (bottom 25%): 1.39 or lower
- Yellow zone (middle 50%): 1.39 to 2.63
- Green zone (top 25%): 2.63 or higher
- Top 1%: 7.99+
- Median: 2.09 — half of all investments score higher
How it compares to other similar mutual funds
The table compares Fidelity Series Investment Grade Bond Fund's Sortino Ratio with other mutual funds in the Investment Grade Bonds category across multiple time periods, showing how FSIGX's risk-adjusted performance compares to similar funds.
Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 1, 2026.
| Symbol | Name | 1Y Sortino Ratio | 5Y Sortino Ratio | 10Y Sortino Ratio | All Time Sortino Ratio |
|---|---|---|---|---|---|
| PSDSX | Palmer Square Ultra-Short Duration Investment Grade Fund | 4.26 | |||
| IGIEX | Ashmore Emerging Markets Investment Grade Income Fund | 3.98 | |||
| JMSIX | JPMorgan Income Fund Class I | 3.52 | |||
| VTIPX | Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 3.39 | |||
| VMLUX | Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | 3.31 | |||
| FSHBX | Fidelity Short-Term Bond Fund | 3.08 | |||
| VSCSX | Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | 3.05 | |||
| VCAIX | Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares | 2.87 | |||
| SISIX | Virtus Seix Investment Grade Tax-Exempt Bond Fund | 2.50 | |||
| VBIRX | Vanguard Short-Term Bond Index Fund Admiral Shares | 2.28 | |||
| FSIGX | Fidelity Series Investment Grade Bond Fund | 1.23 |
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Historical Sortino Ratio
The chart shows FSIGX's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.
Identify market cycles by observing when FSIGX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.
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